Archive · 17 Sep 2025
VMS TMT IPO Subscribed Over Two Times in First Hour
VMS TMT Ltd, a steel company, is selling shares to the public for the first time through an IPO.
Within the first hour, investors showed strong interest, subscribing to the IPO more than twice the available shares.
The company aims to raise money to pay off debts and for other business needs.
The shares are priced between ₹94 and ₹99 each, and they're expected to start trading on the stock market around September 23rd.
Initial indications suggest the shares could increase in value upon listing.
VMS TMT Ltd's IPO opened on September 17th.
The IPO was subscribed 2.24 times within the first hour.
The IPO price is set between Rs 94 and Rs 99 per share.
VMS TMT aims to raise ₹148.50 crore through the IPO.
The company's shares are expected to list on September 23rd.
- Who
- VMS TMT Ltd
- What
- Initial Public Offering (IPO)
- When
- September 17, within the first hour
- Where
- NSE and BSE
- Why
- To raise funds for debt repayment and general corporate purposes.
- IPO Price Range
- ₹94-₹99 per share
- Subscription Rate (1st hour)
- 2.24 times
- IPO Size
- ₹148.50 crore
- GMP
- ₹23
- Tentative Listing Date
- September 23
Sources
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