VMS TMT Limited - IPO

Incorporation in 2013, VMS TMT Limited is primarily engaged in the manufacturing of Thermo Mechanically Treated Bars (TMT Bars). The company also deals in scrap and binding wires, which are sold within Gujarat and other states.

The company's manufacturing facility is strategically located in Bhayla Village, near Bavla in Ahmedabad district, Gujarat, allowing easy distribution of products.

Distribution Network:

VMS TMT Limited operates through a distribution network on a non-exclusive basis. As of August 31, 2024, the company has:

• 3 distributors
• 227 dealers

This network enables the company to efficiently supply its products to customers across Gujarat and other states.

Retail License Agreement:

On November 7, 2022, VMS TMT Limited entered into a retail license agreement with Kamdhenu Limited. This agreement allows the company to market its TMT Bars under the brand name ‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat.

Workforce:

The company is supported by an experienced and professional management team along with a workforce of 170 permanent employees as of September 10, 2024.

Revenue Focus:

The company has primarily focused its sales efforts on Tier II and Tier III cities. Over the last three fiscal years, the company has generated a significant portion of its revenue from Gujarat:

• Fiscal 2024: 98.78% of revenue from Gujarat
• Fiscal 2023: 98.43% of revenue from Gujarat
• Fiscal 2022: 99.19% of revenue from Gujarat