Archive · 19 Sep 2025
VMS TMT IPO: Subscribed 102 Times on Final Day
VMS TMT, a company making steel bars, recently offered shares to the public through an IPO.
Investors showed a strong interest, with the IPO being oversubscribed by a large margin on the final day.
The company aimed to raise money, some of which will pay off debts.
The shares will be listed on the stock exchanges.
The company makes and sells TMT bars, scrap, and binding wires.
VMS TMT Ltd's IPO was oversubscribed 102.24 times on the final day.
The IPO aimed to raise Rs 148.50 crore.
The price band for the IPO was Rs 94-99 per share.
Proceeds from the IPO will be used for debt repayment and other corporate activities.
The company manufactures TMT bars, scrap, and binding wires.
- Who
- VMS TMT Ltd
- What
- IPO
- When
- Concluded on Friday
- Where
- India
- Why
- To raise capital for debt repayment and other corporate purposes
- Company
- VMS TMT Ltd
- IPO Subscription (Overall)
- 102.24 times
- Offer Size
- Rs 148.50 crore
- Price Band
- Rs 94-99 per share
- Proceeds Use
- Debt repayment, corporate purposes
Sources
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