|
|
|
Issue Open Date
|
17-Sep-25
|
|
|
|
Issue Closing Date
|
19-Sep-25
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
-
|
|
|
|
Minimium Application No.
|
|
|
|
|
Issue Size (Shares)
|
15000000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
|
Objective
|
|
1. Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by our Company; and2. General corporate purposes.
|
|
|
|
|
|
|
Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
|
|
|
|
Qualified Institutional Buyers
|
|
|
|
|
Retail Individual Investors
|
|
|
|
|
|
|
|
Business Description:
We are engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”) at our manufacturing facilitysituated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely inconstruction due to their exceptional strength, ductility, and corrosion resistance. (Dun & Bradstreet Report). We conductour business predominantly in the State of Gujarat from where we derived over 98% of our revenues from operations inFiscal 2024. Our revenue from operations in Fiscal 2024 from sale of TMT Bars in the State of Gujarat constitutedapproximately 94% of the total revenue from operations wherein retail sales constituted 80% and institutional salesconstituted 14% of the total revenue from operations. Our revenue from operations also includes sale of scrap, bindingwires and billets which constitutes approximately 6% of the total revenue from operations in Fiscal 2024. We have adiverse customer base of retail and institutional customers primarily based in the State of Gujarat. We have a retail licenceagreement dated November 7, 2022, with Kamdhenu Limited which allows us to market our TMT Bars under the brand‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat on a non-exclusive basis. We sell our TMT Barsto customers through distribution network, on a non-exclusive basis, which comprise of 3 distributors and 227 dealers asof August 31, 2024.
|
|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
33342285
|
|
|
|
Offered to Public
|
15000000
|
|
|
|
Promoter's Holding (Pre-Issue)
|
96.28
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
|
Address |
Survey No 214
Bhayla Village
Near Water Tank Bavla
Ahmedabad
,
Gujarat
,
382220
Phone :
6357585711
Email :
compliance@vmstmt.com
Website :
www.vmstmt.com
|
|
|
|
Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
|
|
|
|
Listed at |
|
BSE, NSE
|
|
|
|
Lead Manager |
|
Arihant Capital Markets Ltd.
|
|
|
|
Promoters |
Manojkumar Jain
Rishabh Sunil Singhi
Sangeeta Jain
Varun Manojkumar Jain
|
|
