Shares of VMS TMT Ltd made a strong market debut on Tuesday, September 24, listing at a 6% premium on the NSE against its issue price. The listing follows overwhelming investor interest during the IPO.
IPO details
The mainboard IPO of VMS TMT was open for subscription from September 17 to September 19, with the allotment finalized on September 22. The IPO was priced in the range of ₹94–₹99 per share, and at the upper band, the company raised ₹148.50 crore. The entire issue was a fresh issue of 1.50 crore equity shares.
Strong subscription
The IPO was subscribed an impressive 102.26 times overall, according to BSE data. The Retail Individual Investors (RII) portion was booked 47.88 times, the Non-Institutional Investors (NII) category saw bids 227.09 times, and the Qualified Institutional Buyers (QIBs) subscribed 120.80 times.
Key players
Arihant Capital Markets Ltd acted as the book running lead manager, while Kfin Technologies Ltd served as the registrar to the issue.
The successful listing underlines the strong appetite for VMS TMT’s public issue, buoyed by high demand across investor categories.
