Support and Resistance Levels
Past performance
About VMS TMT Ltd VMS TMT Limited, originally incorporated as a private entity in April 2013 and converted to a public company in December 2023, is headquartered in Gujarat, India. The company specializes in manufacturing Thermo Mechanically Treated (TMT) Bars, a high-strength reinforcement steel widely used in construction for its strength, ductility, and corrosion resistance. Operating under the "Kamdhenu NXT" brand, it serves the Gujarat market through a distribution network of three distributors and 227 dealers.
The manufacturing facility, located in Bhayla Village, Ahmedabad, was established in 2021 and employs advanced rolling mill machines to produce TMT Bars from billets. To enhance operational efficiency through backward integration, VMS TMT Limited recently commissioned a 30-ton electric induction furnace, a Continuous Casting Machine (CCM) plant, and a 22,000 kVA power substation in 2023. Its facilities are designed to ensure efficient production processes and consistent product quality.
With its focus on the growing construction and infrastructure industry, the company aims to expand its operations and market presence. As part of its growth strategy, VMS TMT Limited plans to raise capital through an Initial Public Offering (IPO) of 15,000,000 fresh equity shares. This move reflects its ambition to grow and strengthen its competitive position in the TMT Bars market within Gujarat, leveraging increasing urbanization and infrastructure development.