New Delhi, July 25 -- VMS TMT Limited has been issued final observation by the Securities and Exchange Board of India (SEBI), allowing them to raise funds through an initial public offering (IPO). The company submitted its IPO documents to SEBI on March 27, 2025.

The initial public offering includes a completely fresh issue of 1.5 crore equity shares, according to the draft documents submitted on March 27, 2025.

Previously, on September 27, 2024, the firm had submitted draft documents for an IPO of the same size but subsequently retracted that draft on October 23.

The company based in Gujarat intends to allocate Rs.115 crore from the net proceeds of the IPO for debt repayment, with the remainder designated for general corporate uses. ...