Fri Sep 19 03:50:00 UTC 2025: **News Article:**

**VMS TMT IPO Sees Strong Demand on Day 2, Subscribed Nearly 20 Times**

Mumbai, September 18, 2025 – The Initial Public Offering (IPO) of VMS TMT Limited is witnessing robust investor demand, with the issue being subscribed 19.36 times by 3:30 PM on its second day of bidding. The IPO, which opened on September 17th and will close on September 19th, aims to raise ₹148.50 crore through the issuance of fresh shares.

The strong interest is evident across investor categories, with the retail portion subscribed 17.12 times and the Non-Institutional Investor (NII) segment oversubscribed 32.18 times. Qualified Institutional Buyers (QIBs) have also shown keen interest, subscribing their portion 7.34 times.

The IPO’s price band is fixed at ₹94 to ₹99 per equity share, and the shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The Grey Market Premium (GMP) for VMS TMT shares is currently at ₹24, according to market observers, a significant increase from ₹10 six days ago and ₹3 from opening date. This suggests potential investors could see around a 25% listing gain.

**Key IPO Details:**

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

Analysts are largely positive on the VMS TMT IPO. Master Capital Services recommends investors consider the IPO as a potential long-term investment, citing the company’s growth prospects and focus on sustainability. Anuj Gupta, Director at Ya Wealth, also gives a ‘subscribe’ rating, noting the bullish outlook for the metal sector and the discounted price of the IPO.

VMS TMT’s strong subscription numbers and positive analyst sentiment indicate a potentially successful listing for the company. Investors are advised to consult with financial advisors before making any investment decisions.

**Summary of Original Text:**

VMS TMT Limited’s IPO, launched on September 17, 2025, with a price band of ₹94-₹99, is set to close on September 19, 2025. The IPO aims to raise ₹148.50 crore and will list on the BSE and NSE. By the second day, it was subscribed 19.36 times overall, with strong interest from retail (17.12x), NII (32.18x), and QIB (7.34x) categories. The grey market premium (GMP) is ₹24, suggesting a potential 25% listing gain. Share allocation is expected around September 20 (or 22), with listing on September 24. Analysts recommend subscribing for long-term gains, citing the company’s growth potential in the bullish metal sector.

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