VMS TMT IPO Day 2: Issue Booked 16x So Far, GMP at Rs 22

VMS TMT IPO Day 2: The VMS TMT’s initial public offering (IPO) entered its second day of bidding on September 18. The initial share sale has garnered strong interest from across investor categories as the issue was oversubscribed within the first few hours on the opening day.

In the grey market, the VMS TMT IPO shares also trade with a strong premium (GMP). The 100 per cent book-built issue, which opened for public bidding on September 17, will close on September 19.

The public issue is being offered at a price band of Rs 94-99 per share in lots of 150 shares. Retail investors are required to invest a minimum of Rs 14,850 per lot.

VMS TMT IPO Subscription Status

The VMS TMT IPO, as of 1:45 PM on the second day of bidding, received 16.31 times overall subscription.

The Qualified Institutional Buyer (QIB) quota was subscribed 7.28 times, the Non-Institutional Investor (NII) category saw subscription of 26.35 times, and the retail investor portion was booked 14.46 times.

VMS TMT IPO GMP Today

The VMS TMT IPO is commanding a GMP of Rs 22 over the issue price. Given the current GMP, VMS TMT shares are expected to list at Rs 121 per share, reflecting a premium of 22.22 per cent over the upper price band of Rs 99.

It is worth noting that GMP does not reflect actual demand and should not be seen as an accurate indicator of listing performance.

VMS TMT IPO Details: Issue Size, Allotment Date, Listing Date

VMS TMT IPO Issue Size: The VMS TMT IPO comprises 15 million fresh shares worth Rs 148.50 crore.

VMS TMT IPO Allotment Date: The basis of allotment for the VMS TMT IPO is expected to be finalised on September 22.

VMS TMT IPO Listing Date: The VMS TMT IPO is tentatively set to list on September 24 on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

VMS TMT IPO BRLM, Registrar: The book-running lead manager of the VMS TMT IPO is Arihant Capital Markets, and the registrar to the issue is Kfin Technologies.

VMS TMT Company Details

VMS TMT Ltd, established in 2013, manufactures thermo mechanically treated (TMT) bars and also trades in scrap and binding wires. The company’s factory is located in Bhayla village, near Bavla in Ahmedabad district, Gujarat.

According to its red herring prospectus (RHP), the company sells its products through a non-exclusive network of three distributors and 227 dealers, as of July 31, 2025.