VMS TMT IPO Lists at ₹104.90, Gains 5.96% Over Issue Price

Ahmedabad, September 24, 2025: The shares of VMS TMT Limited made a stellar debut on the stock exchanges today, on September 24. The shares were listed at ₹104.90 per share on the NSE, a premium of 5.96% over the issue price of ₹99. However, the shares have now settled a little lower. As of 2:30 PM, the shares were up by 0.66%, or 0.65 points, and were trading at ₹99.65. Until now, the shares have traded within a range of ₹105.00 and a low of ₹99.65. The traded volume stands at 52.92 lakh shares. The stock is listed under the BSE BE series, with an applicable margin rate of 100%. Arihant Capital Markets Limited was the Book Running Lead Manager, while KFin Technologies Limited was the registrar of the issue.

VMS TMT Limited is an Indian company that manufactures and trades steel products, including Thermo Mechanically Treated (TMT) bars, scrap, and binding wires. The company was established on 9th April 2013, and its headquarters are in Ahmedabad, Gujarat, India. Its NSE ticker symbol is VMSTMT, and BSE code is 544521.

VMS TMT IPO 102.26 Times Subscription

VMS TMT IPO received an overwhelming response and was subscribed overall 102.26 times. QIBs subscribed their portion 120.80 times, NIIs 227.09 times, and retail investors 47.88 times.

VMS TMT IPO Raised ₹26.73 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹26.73 crore from anchor investors by allocating them 27,00,000 shares at ₹99 each. Key investors included Saint Capital Fund, Maybank Securities PTE, Astorne Capital VCC – Arven, Chanakya Opportunities Fund I, and Vcube Ventures Fund.

REF: https://www.nseindia.com/get-quotes/equity?symbol=VMSTMT

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