Thu Sep 18 04:10:00 UTC 2025: ## VMS TMT IPO Sees Strong Demand on Day 2, Grey Market Premium Surges

**Mumbai, September 18, 2025** – The initial public offering (IPO) of VMS TMT Limited is witnessing strong investor interest, with the issue being oversubscribed 10.22 times by 10:18 AM on its second day of bidding. The IPO, which opened on September 17th and closes on September 19th, aims to raise ₹148.50 crore through the issuance of fresh shares.

Retail investors have subscribed 8.28 times their allotted portion, while the Non-Institutional Investor (NII) segment has been booked 16.90 times. Qualified Institutional Buyers (QIBs) have bid for 7.17 times their allocation.

The IPO price band is fixed at ₹94 to ₹99 per equity share. Market observers are reporting a Grey Market Premium (GMP) of ₹24, up from ₹21 on the opening day, signaling a potential listing gain of around 25%. The GMP has surged from ₹10 to ₹24 in the past six days, indicating growing investor confidence.

VMS TMT’s IPO is slated for listing on the BSE and NSE, with an expected listing date of September 24, 2025. Share allocation is expected to be finalized on September 20th or potentially September 22nd if there are delays due to Saturday. KFin Technologies Limited is the official registrar for the IPO, and Arihant Capital Markets is the lead manager.

Analysts are generally positive on the IPO. Master Capital Services advises investors to consider VMS TMT for long-term investment, citing the company’s growth potential and focus on renewable energy. Anuj Gupta, Director at Ya Wealth, recommends subscribing to the IPO, highlighting the bullish metal sector and the discounted price offered by the company.

VMS TMT is planning use the funds raised in IPO for renewable energy initiatives and to diversify their product portfolio.

*Disclaimer: Investment decisions should be made after consulting with a certified expert. This article is for informational purposes only and does not constitute investment advice.*

**Key IPO Details:**

* **Price Band:** ₹94 to ₹99 per equity share
* **IPO Dates:** September 17 – September 19, 2025
* **IPO Size:** ₹148.50 crore
* **Lot Size:** 150 shares
* **Allotment Date (Expected):** September 20/22, 2025
* **Listing Date (Expected):** September 24, 2025
* **Registrar:** KFin Technologies Limited
* **Lead Manager:** Arihant Capital Markets

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