VMS TMT IPO Day 2: Check GMP, Subscription Status & Key Highlights
The Initial Public Offering of VMS TMT Limited continues to draw strong investor interest as it moves into its second day of subscription. On day 1, the IPO received a total subscription of 8.40 times. The bidding window is scheduled to close on September 9, 2025.
VMS TMT IPO: Issue Details
VMS TMT IPO is a book-building issue of ₹148.50 crores, consisting entirely of a fresh issue of 1.50 crore shares. The price band is set between ₹94 and ₹99 per share. The basis of allotment will be finalised by September 22, 2025, and the tentative listing date on NSE and BSE is September 24, 2025.
The book running lead manager for the IPO is Arihant Capital Markets Ltd., while Kfin Technologies Ltd. is the registrar for the issue.
VMS TMT IPO Day 2 Subscription Status
[18-September-2025 10:21:00 AM]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
7.18 |
|
Non-Institutional Investors |
17.14 |
|
Retail Individual Investors (RIIs) |
8.53 |
|
Total |
10.43 |
VMS TMT IPO Day 1 Subscription Status
[17-September-2025 17:00:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
7.09 |
|
Non-Institutional Investors |
13.78 |
|
Retail Individual Investors (RIIs) |
6.56 |
|
Total |
8.40 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the following objectives:
- Repayment/prepayment of the company’s outstanding borrowings
- General corporate purposes
VMS TMT IPO GMP Details
As of 18 September 2025, VMS TMT's IPO's GMP stood at ₹22. The estimated listing price is ₹121, i.e., a 22.22% gain per share over the upper price band.
|
Source: Business Standard Report dated 18 September, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
VMS TMT Business Overview
VMS TMT manufacturers Thermo Mechanically Treated Bars used in the construction industry. Their manufacturing facility is located at Bhayla Village, Ahmedabad, Gujarat, India. The company also sells related products including binding wires, scrap, and billets, although these form a much smaller proportion of its revenue.
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