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Kolkata: Set up in 2013 in Gujarat, VMS TMT is engaged in the manufacturing of Thermo Mechanically Treated Bars, which are popularly known as TMT bars. The company's manufacturing plant is located in Bhayla Village, near Bavla in Ahmedabad district, which paves the way for easy distribution of its products. VMS TMT also in scrap and binding wires.
VMS TMT IPO has been designed to mop up Rs 148.50 crore from the market through a book built issue. A significant aspect of the new issue is that it will consist entirely of a fresh issue of 1.5 crore shares.
On the morning of September 17, the first day of the bidding process, VMS TMT IPO was recorded at Rs 23 by investorgain. Since the price of the shares are Rs 99, VMS TMT IPO can have a listing gain of 23.23%. The remarkable thing about this new issue is that the GMP steadily rose from September 12, when it was at Rs 10. It rose to Rs 18 of September 13, to Rs 20 on September 14, to Rs 23 on September 15. However, it must be kept in mind that GMP is an unofficial indicator that changes with time and cannot guarantee anything -- gain or loss on listing.
The bidding process of VMS TMT IPO will close on September 19, 2025. The price band of the issue has been fixed at Rs 94-99. The minimum investible lot size for a retail investor is 150 and, therefore, the minimum application amount for this category is Rs 14,850, calculated in the basis of the upper end of the price range. The smallest lot size investment for sNII category is 2,100 shares and for bNII category of investors, the lot size is 10,200 shares.
The date for allotment of VMS TMT IPO is September 22 and the listing is supposed to take place in BSE and NSE on September 24, 2025. Arihant Capital Markets is the book running lead manager and Kfin Technologies is the registrar to the issue.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
