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VMS TMT IPO Day 1 LIVE Updates: The initial public offering (IPO) of Thermo Mechanically Treated Bars (TMT Bars) manufacturer VMS TMT Ltd opened for subscription today, 17 September 2025, and will close on Friday, 19 September 2025.

VMS TMT IPO price band is set at ₹94 to ₹99 per share. At the upper-end of the price band, the company aims to raise ₹148.50 crore from the book-building issue which is entirely a fresh issue of 1.50 crore equity shares. VMS TMT IPO lot size is 150 shares.

VMS TMT IPO got fully subscribed within minutes of opening, led by strong demand from investors across categories.

Arihant Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is VMS TMT IPO registrar.

VMS TMT shares are showing a strong trend in the unlisted market with a decent grey market premium (GMP). Market experts said VMS TMT IPO GMP today is ₹23 per share. This indicates that in the unlisted market, VMS TMT shares are commanding a premium of 23.23% to the issue price of ₹99 per share.

Stay tuned to our VMS TMT IPO Live Blog for the latest updates.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO has been subscribed 6.11 times so far in total till 2:30 PM on the first day. The Retail Investors category has been booked 4.77 times and the Non Institutional Investors (NII) segment has been subscribed 8.98 times. The Qualified Institutional Buyers (QIBs) category received 6.93 times subscription so far.

VMS TMT IPO Day 1 LIVE: VMS TMT manufactures Thermomechanically Treated Bars (TMT Bars) in the steel industry at its facility in Bhayla Village, Ahmedabad, Gujarat, India. It also generates revenue from the sale of allied products, including billets, binding wires, scrap, and other by-products arising during the manufacturing process of TMT Bars. The company has a distribution network, on a non-exclusive basis, comprising 3 distributors and 227 dealers as of July 31, 2025.

The company had a total annual installed capacity of TMT Bars of 2,00,000 MT per annum. The company has received environmental clearance for the manufacturing of TMT Bars with an installed capacity of 30,000 MT per month.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO has been subscribed 5 times so far in total till 1:25 AM on the first day. The Retail Investors category has been booked 3.76 times and the Non Institutional Investors (NII) segment has been subscribed 6.85 times. The Qualified Institutional Buyers (QIBs) category received 6.92 times subscription so far.

VMS TMT IPO Day 1 LIVE: VMS TMT Ltd is well-positioned to capture the expected growth and is integrating renewable energy initiatives for cost optimization and sustainability. The company has also consistently explored opportunities to diversify its product portfolio and expand its operations. Investors may consider the IPO as a potential long-term investment opportunity, said Master Capital Services.

VMS TMT IPO Day 1 LIVE: VMS TMT proposes utilizing the net issue proceeds towards funding the repayment or prepayment, in full or part, of all or a portion of certain borrowings availed by the company and for general corporate purposes.

VMS TMT IPO Day 1 LIVE: VMS TMT’s total income has declined from ₹882.06 crore in FY 2023 to ₹771.41 crore in FY 2025. The company’s EBITDA grew at a CAGR of 44.16%, from ₹21.91 crore in FY 2023 to ₹45.53 crore in FY 2025. Profit After Tax (PAT) increased at a CAGR of 87.42%, from ₹4.20 crore in FY 2023 to ₹14.74 crore in FY 2025. The company’s EBITDA margins grew from 2.48% to 5.91%, while the PAT margins improved from 0.48% to 1.91% between FY 2023 to FY 2025, respectively.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO has been subscribed 3.01 times so far in total till 11:35 AM on the first day. The Retail Investors category has been booked 2 times and the Non Institutional Investors (NII) segment has been subscribed 3.23 times. The Qualified Institutional Buyers (QIBs) category received 6.83 times subscription so far.

VMS TMT IPO Day 1 LIVE: VMS TMT shares are showing a strong trend in the unlisted market with a decent grey market premium (GMP). Market experts said VMS TMT IPO GMP today is ₹23 per share. This indicates that in the unlisted market, VMS TMT shares are commanding a premium of 23.23% to the issue price of ₹99 per share.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO has been fully subscribed within minutes of opening. The public issue was subscribed 1.85 times so far in total till 10:35 AM on the first day. The Retail Investors category has been booked 84% and the Non Institutional Investors (NII) segment has been subscribed 1.38 times. The Qualified Institutional Buyers (QIBs) category received 6.83 times subscription so far.

VMS TMT IPO Day 1 LIVE: At the upper-end of the price band of ₹94 to ₹99 per share, VMS TMT aims to raise ₹148.50 crore from the book-building issue which is entirely a fresh issue of 1.50 crore equity shares.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO has been subscribed 25% so far in total till 10:15 AM on the first day. The Retail Investors category has been booked 27% and the Non Institutional Investors (NII) segment has been subscribed 36%. The Qualified Institutional Buyers (QIBs) are yet to put bids so far.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO price band is set at ₹94 to ₹99 per share. VMS TMT IPO lot size is 150 shares. The minimum investment amount required by a retail investor is ₹14,850.

VMS TMT IPO Day 1 LIVE: VMS TMT IPO opens for subscription on Wednesday, September 17, and will close on Friday, September 19. VMS TMT IPO allotment date will likely be September 22, and the tentative IPO listing date is September 24. VMS TMT shares will be listed on both the stock exchanges, BSE and NSE.

VMS TMT IPO Day 1 LIVE: The initial public offering (IPO) of Thermo Mechanically Treated Bars (TMT Bars) manufacturer VMS TMT Ltd opens for subscription today, 17 September 2025, and will close on Friday, 19 September 2025.

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