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  5. VMS TMT IPO subscribed nearly 63 times so far on day 3; check allotment date and steps

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VMS TMT IPO subscribed nearly 63 times so far on day 3; check allotment date and steps

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 21, 2025, 15:08 IST

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SUMMARY

VMS TMT IPO: The initial share sale is solely a fresh issuance of 1.50 crore equity shares worth ₹148.50 crore. The price band has been set at ₹94 to ₹99 per share, and a lot consists of 150 shares.

Incorporated in 2013, VMS TMT is into the making of thermo-mechanically treated bars (TMT bars). | Image: vmstmt.com

Incorporated in 2013, VMS TMT is into the making of thermo-mechanically treated bars (TMT bars). | Image: vmstmt.com

VMS TMT IPO: The initial public offering of VMS TMT Ltd has been subscribed nearly 63 times so far on the final day of bidding on Friday, September 19.

The IPO attracted bids for 77,28,72,150 shares compared to 1,23,00,000 shares on offer, according to the data available on the NSE website until 1:57 pm.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)18.97 times
Non-Institutional Investors152.38 times
Retail Investors37.54 times
Total62.84 times

The initial share sale is solely a fresh issuance of 1.50 crore equity shares worth ₹148.50 crore. The price band has been set at ₹94 to ₹99 per share, and a lot consists of 150 shares.

Proceeds from the fresh issue valued at ₹115 crore will be used for debt clearance, and the remainder for general corporate purposes and issue expenses.

Incorporated in 2013, VMS TMT is into the making of thermo-mechanically treated bars (TMT bars). It also deals in binding wires and scrap, which are sold within Gujarat and other states.

VMS TMT IPO: Allotment date

The basis of allotment of the VMS TMT IPO will be finalised on Monday, September 22.

The company's equity shares will be listed on the NSE and the BSE on September 24.

ALSO READ: GK Energy IPO fully subscribed within hours on opening day; check price band and lot size

How to check VMS TMT IPO allotment status on NSE

Steps to check VMS TMT IPO allotment status on BSE

VMS TMT IPO allotment status on KFin Technologies website

  • Visit the registrar's official website at https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ list, pick ‘VMS TMT Ltd’
  • Add either your IPO application number, Demat account number or PAN
  • Click on ‘Submit’

VMS TMT IPO latest GMP

According to investorgain.com and media reports, unlisted shares of the VMS IPO are trading at ₹114 per share, reflecting a grey market premium (GMP) of 15.14% 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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