Archive · 25 Jul 2025
VMS TMT Receives SEBI Approval for IPO Launch
VMS TMT Ltd, a company that makes steel bars, got the okay from India's financial regulator to sell new shares to the public (IPO).
This means the company can raise money by selling shares.
They plan to use some of the money to pay off their debts.
The shares will be available on the stock exchanges, allowing people to buy and sell them.
The company had previously filed for this IPO but withdrew it, refiling later.
VMS TMT Ltd received approval from SEBI for its IPO.
The IPO involves a fresh issue of up to 1.5 crore equity shares.
Rs 115 crore of the proceeds will be used to repay debt.
The equity shares will be listed on BSE and NSE.
The company refiled its DRHP on March 27, 2025.
- Who
- VMS TMT Ltd, a manufacturer of Thermo Mechanically Treated Bars.
- What
- VMS TMT Ltd received approval for an IPO.
- When
- The company refiled its DRHP on March 27, 2025.
- Where
- Gujarat, India
- Why
- To repay debt and for general corporate purposes.
- Company
- VMS TMT Ltd
- IPO Size
- Up to 1.5 crore equity shares
- Use of Proceeds
- Repay debt and general corporate purposes
- Listing Exchanges
- BSE and NSE
- Promoter Stake
- 96.28%
- Public Shareholder
- 3.72%