VMS TMT IPO
Steel/TMT - Listed on 24 September 2025
VMS TMT IPO listing summary
VMS TMT (Steel/TMT) closed its IPO window in 2025 and listed on NSE and BSE on 24 September 2025 at an upper band issue price of Rs 99, opening at Rs 105 for a listing gain of +6.1% and closing day one at Rs 99.65 (+0.7% on closing basis). The IPO was subscribed 102.26x overall - QIB 120.80x, HNI/NII 227.09x, Retail 47.88x. The total issue size was Rs 148.5 Cr (Fresh Issue Rs 148.5 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
VMS TMT IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +20.20% |
| Day 2 | Rs 24 | +24.24% |
| Day 3 | Rs 24 | +24.24% |
| Day 4 | Rs 24 | +24.24% |
| Day 5 | Rs 19 | +19.19% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the VMS TMT IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
VMS TMT IPO - FAQs
What was the listing gain of VMS TMT IPO?
VMS TMT IPO listed at +6.1% versus the upper issue price of Rs 99 on 24 September 2025.
How many times was VMS TMT IPO subscribed?
VMS TMT IPO was subscribed 102.26x overall. QIB portion was subscribed 120.80x, HNI / NII 227.09x and Retail 47.88x.
What was the IPO GMP for VMS TMT?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 19 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.