MOURI Tech IPO vs VMS TMT IPO

Comparison between MOURI Tech IPO and VMS TMT IPO.

IPO Details

MOURI Tech IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while VMS TMT IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of MOURI Tech IPO is up to ₹1,500.00 Cr whereas the issue size of the VMS TMT IPO is up to ₹148.50 Cr. The final issue price of MOURI Tech IPO is and of VMS TMT IPO is ₹99.00 per share.

 MOURI Tech IPOVMS TMT IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹94.00 per share
Issue Price (Upper)₹99.00 per share
Issue Price (Final)₹99.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size150 shares
Fresh Issue Size0 shares1,50,00,000 shares
Fresh Issue Size (Amount)up to ₹250.00 Crup to ₹148.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹1,250.00 Crup to ₹0.00 Cr
Issue Size Total0 shares1,50,00,000 shares
Issue Size Total (Amount)up to ₹1,500.00 Crup to ₹148.50 Cr

IPO Timetable

MOURI Tech IPO opens on , while VMS TMT IPO opens on Sep 17, 2025. The closing date of MOURI Tech IPO and VMS TMT IPO is , and Sep 19, 2025, respectively.

Financials & KPIs

MOURI Tech IPO P/E ratio is , as compared to VMS TMT IPO P/E ratio of 22.24.

 MOURI Tech IPOVMS TMT IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,382.41736.03586.10496.46
Total Income1,341.251,153.611,120.60837.61
Profit After Tax135.36167.25159.95116.52
NET Worth671.80532.62374.66250.81
Reserves and Surplus619.49435.66-16.85-150.57
Total Borrowing345.1035.8022.9138.99
Amount in ₹ Crore

Company Financials (Restated Consolidated)

VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets449.35412.06284.23227.28
Total Income213.39771.41873.17882.06
Profit After Tax8.5815.4213.474.20
EBITDA19.4845.5341.2021.91
NET Worth81.7773.1946.5130.84
Reserves and Surplus47.1438.5633.1818.23
Total Borrowing309.18275.72197.86162.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.6296.28
Promoter Shareholding (Post-Issue)67.19
P/E Ratio22.24
Market Cap₹491.35 Cr.
ROE30.51%
ROCE39.26%12.79%
Debt/Equity-0.163.77
EPS₹4.45
RoNW31.39%20.14%

Shares Offered

In the MOURI Tech IPO Retail Individual Investors (RII) are offered 0 shares while in VMS TMT IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in MOURI Tech IPO and 18,00,000 shares in VMS TMT IPO.

 MOURI Tech IPOVMS TMT IPO
Anchor Investor Reservation27,00,000 shares
Market Maker Reservation0 shares0 shares
QIB0 shares18,00,000 shares
NII0 shares30,00,000 shares
RII0 shares75,00,000 shares
Employee0 shares0 shares
Others
Total0 shares1,50,00,000 shares

Bids Received (Subscription)

MOURI Tech IPO subscribed in total, whereas VMS TMT IPO subscribed 102.24x.

 MOURI Tech IPOVMS TMT IPO
QIB (times)120.80x
NII (times)227.08x
Big NII (times)243.91x
Small NII (times)193.46x
RII (times)47.85x
Employee (times)
Other (times)
Total (times)102.24x

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