Institutions who participated in the anchor were Saint Capital Fund, Maybank Securities Pte, Astorne Capital VCC - Arven, Chanakya Opportunities Fund I, Vbcube Ventures Fund.
FinTech BizNews Service
Mumbai, September 16, 2025: VMS TMT Limited, a Gujarat-based manufacturer of TMT Bars marketed under the “Kamdhenu” brand, has garnered Rs 26.73 crores from anchor investors ahead of its initial public offering. The company informed the bourses that it allocated 27,00,000 equity shares at Rs 99 per share to anchor investors.
Institutions who participated in the anchor were Saint Capital Fund, Maybank Securities Pte, Astorne Capital VCC - Arven, Chanakya Opportunities Fund I, Vbcube Ventures Fund.
Sr. No. | Name of the Anchor Investor | No. of Equity Shares Allocated | No of Equity Shares allocated as a % of Anchor Investor Portion | Bid Price (Per Equity Share) | Total Amount Allocated (Rs.) |
1 | SAINT CAPITAL FUND | 6,06,150 | 22.45 | 99 | 6,00,08,850 |
2 | MAYBANK SECURITIES PTE | 5,05,200 | 18.71 | 99 | 5,00,14,800 |
3 | ASTORNE CAPITAL VCC - ARVEN | 5,05,200 | 18.71 | 99 | 5,00,14,800 |
4 | CHANAKYA OPPORTUNITIES FUND I | 5,78,250 | 21.42 | 99 | 5,72,46,750 |
5 | VBCUBE VENTURES FUND | 5,05,200 | 18.71 | 99 | 5,00,14,800 |
Total | 27,00,000 | 100.00 | 267300000 |
Arihant Capital Markets Limited is the sole book-running lead manager, and Kfin Technologies Limited is the registrar of the issue.
IPO Details
The IPO is entirely a fresh issue of up to 1,50,00,000 equity shares with no offer for sale component.
VMS TMT Limited intends to utilise Rs115 crores of the IPO proceeds for repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company, while the remaining funds will be used for general corporate purposes and issue expenses.
The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, September 17, 2025, and closes on Friday, September 19, 2025. The price band for the Offer has been determined at Rs 94 – Rs 99 per equity share.
The IPO will fetch Rs 148.50 crore at the upper end of the price band.
Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
The Issue is being made through the book-building process, wherein not more than 30% of the issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 20% of the issue shall be available for allocation to non-institutional investors, and not less than 50% of the issue shall be available for allocation to retail individual bidders.
