VMS TMT IPO Day 3: GMP and Subscription Status Update
VMS TMT Ltd.’s IPO (₹148.50 crore fresh issue) is open for subscription until September 19, 2025, with a price band of ₹94-₹99 per share. As of Day 3, the issue has been subscribed ~21.75 times, with strong participation especially in the non-institutional and retail categories. The GMP today is about ₹22, suggesting a listing gain of around 22% over the upper price band. Proceeds will go towards repayment of borrowings and general corporate purposes. Investors are showing strong appetite given favorable secondary market sentiment.
positive
30 days ago
VMS TMT IPO Day 3: GMP and Subscription Status Update
VMS TMT Ltd.’s IPO (₹148.50 crore fresh issue) is open for subscription until September 19, 2025, with a price band of ₹94-₹99 per share. As of Day 3, the issue has been subscribed ~21.75 times, with strong participation especially in the non-institutional and retail categories. The GMP today is about ₹22, suggesting a listing gain of around 22% over the upper price band. Proceeds will go towards repayment of borrowings and general corporate purposes. Investors are showing strong appetite given favorable secondary market sentiment.
positive
VMS TMT IPO Day 3: GMP and Subscription Status Update
about 1 month ago
1 min read
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VMS TMT IPO showing ~22% GMP and strong subscriptions across retail & institutional segments.
VMS TMT Ltd.’s IPO (₹148.50 crore fresh issue) is open for subscription until September 19, 2025, with a price band of ₹94-₹99 per share. As of Day 3, the issue has been subscribed ~21.75 times, with strong participation especially in the non-institutional and retail categories. The GMP today is about ₹22, suggesting a listing gain of around 22% over the upper price band. Proceeds will go towards repayment of borrowings and general corporate purposes. Investors are showing strong appetite given favorable secondary market sentiment.
VMS TMT Ltd.’s IPO (₹148.50 crore fresh issue) is open for subscription until September 19, 2025, with a price band of ₹94-₹99 per share. As of Day 3, the issue has been subscribed ~21.75 times, with strong participation especially in the non-institutional and retail categories. The GMP today is about ₹22, suggesting a listing gain of around 22% over the upper price band. Proceeds will go towards repayment of borrowings and general corporate purposes. Investors are showing strong appetite given favorable secondary market sentiment.