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VMS TMT IPO Listing Date: What you need to know before debut on BSE and NSE

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 23, 2025, 14:58 IST

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SUMMARY

VMS TMT IPO Listing Date: The issue consisted only of new equity shares valued at ₹148.50 crore. There is no offer for sale (OFS) component.

VMS TMT is into the manufacturing of thermo-mechanically treated bars. | Image: vmstmt.com

VMS TMT is into the manufacturing of thermo-mechanically treated bars. | Image: vmstmt.com

VMS TMT IPO Listing Date: Shares of TMT bars maker VMS TMT are ready to get listed on the bourses on Wednesday, September 24. The ₹148.50 crore initial public offering was booked over 100 times during the three-day subscription period. The VMS TMT IPO allotment status was finalised on Monday, September 22.

As the share listing is less than a day away, here are important things you should know.

VMS TMT IPO: Subscription

The initial share sale received bids for a staggering 1,25,78,71,200 shares, which is 102.27 times over the 1,23,00,000 shares kept aside for investors, as per the consolidated data on the National Stock Exchange (NSE) website.

Qualified institutional buyers (QIBs) applied for 21,74,44,650 shares compared to 18,00,000 shares on offer, leading to a 120.80 times subscription.

The non-institutional investors (NIIs) category was booked 227.09 times, as they submitted applications for 68,12,83,200 shares against 30,00,000 shares on offer.

Retail individual investors submitted bids for 35,91,43,350 shares compared to 75,00,000 shares reserved. This reflects a subscription of 47.89 times.

VMS TMT IPO: A look at its objectives

The issue consisted only of new equity shares valued at ₹148.50 crore. There is no offer for sale (OFS) component.

The company intends to use ₹115 crore for repayment of certain borrowings and the remainder for general corporate purposes.

"In addition, our company expects to receive the benefits of listing of its equity shares on the stock exchanges, including enhancing our company’s visibility and brand image among our existing and potential customers and creating a public market for our company’s equity shares in India," VMS TMT said in its red herring prospectus (RHP).

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VMS TMT IPO: Listing date and time

VMS TMT IPO share listing on the BSE and the NSE will take place on Wednesday, September 24, 2025, at 10 am.

VMS TMT IPO: Financials

The company reported a 14.48% increase in its profit after tax to ₹15.41 crore in the year ended March 31, 2025, compared to ₹13.46 crore in the financial year 2023-24 (FY24).

The company posted a revenue from operations of ₹770.19 crore in FY25, down 11.77% from ₹872.95 crore in FY24.

VMS TMT IPO GMP

According to investorgain.com and media reports, VMS TMT Ltd's unlisted shares are trading at ₹111 per share. This reflects a grey market premium of 12.12% over the upper price band of ₹99.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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