{"id":8526,"date":"2025-09-17T07:46:20","date_gmt":"2025-09-17T07:46:20","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=8526"},"modified":"2025-09-17T07:46:21","modified_gmt":"2025-09-17T07:46:21","slug":"vms-tmt-ipo-day-1-subscription-gmp-details","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/ipo\/vms-tmt-ipo-day-1-subscription-gmp-details\/","title":{"rendered":"VMS TMT IPO Day 1: Subscription Status, GMP & Key Details"},"content":{"rendered":"
\"VMS<\/figure>\n\n\n

Introduction<\/h2>\n\n\n\n

The IPO of VMS TMT Limited<\/strong>, a Gujarat-based manufacturer of TMT bars, opened on 17 September 2025<\/strong>, and by the end of Day 1 it has already generated strong investor interest. Below are the latest subscription figures, grey market premium (GMP), and all the key details you need if you\u2019re considering applying.<\/p>\n\n\n\n

Key IPO Details<\/h2>\n\n\n\n
Detail<\/th>Information<\/th><\/tr><\/thead>
Company<\/strong><\/td>VMS TMT Ltd. (manufacturer of Thermo Mechanically Treated bars, with operations in Ahmedabad, Gujarat) <\/td><\/tr>
IPO Type<\/strong><\/td>Fresh issue, book-building <\/td><\/tr>
Issue Size<\/strong><\/td>\u20b9148.50 crore <\/td><\/tr>
Number of Shares Offered<\/strong><\/td>1.50 crore shares <\/td><\/tr>
Price Band<\/strong><\/td>\u20b994 \u2013 \u20b999 per share<\/td><\/tr>
Face Value<\/strong><\/td>\u20b910 per share <\/td><\/tr>
Lot Size<\/strong><\/td>150 shares per lot<\/td><\/tr>
Subscription Period<\/strong><\/td>September 17 \u2013 September 19, 2025<\/td><\/tr>
Tentative Allotment Date<\/strong><\/td>September 22, 2025 <\/td><\/tr>
Listing Date<\/strong><\/td>September 24, 2025 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Day 1 Subscription Status<\/h2>\n\n\n\n
    \n
  • As of mid-Day 1, VMS TMT IPO was subscribed multiple times across investor categories. <\/li>\n\n\n\n
  • Qualified Institutional Buyers (QIB)<\/strong>: ~6.83\u00d7 subscription. <\/li>\n\n\n\n
  • Non-Institutional Investors (NII)<\/strong>: subscription ~3-4\u00d7 (varies by report). <\/li>\n\n\n\n
  • Retail Investors<\/strong>: subscription ~2\u00d7 or a little more. <\/li>\n<\/ul>\n\n\n\n

    So in total, Day 1 saw the IPO being fully subscribed<\/strong> within hours. <\/p>\n\n\n\n

    Grey Market Premium (GMP)<\/h2>\n\n\n\n
      \n
    • GMP is about \u20b923 per share<\/strong> which is roughly +23%<\/strong> over the upper price band (\u20b999). <\/li>\n\n\n\n
    • This suggests investors expect decent listing gains. As always, GMP is not official; it’s based on unlisted \/ grey market speculation. <\/li>\n<\/ul>\n\n\n\n

      Financials & Promoters Snapshot<\/h2>\n\n\n\n
        \n
      • For FY 2024-25:\n
          \n
        • Revenue<\/strong> ~ \u20b9771.41 crore <\/li>\n\n\n\n
        • Profit After Tax (PAT)<\/strong> ~ \u20b915.42 crore <\/li>\n\n\n\n
        • Margins are modest but showing growth. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Promoter holding (pre-IPO) is ~96.28%, post-IPO it drops to ~67.18% roughly.<\/li>\n<\/ul>\n\n\n\n

          Should You Apply?<\/h2>\n\n\n\n

          Here are some pros & cons to help you decide:<\/p>\n\n\n\n

          Pros:<\/strong><\/h3>\n\n\n\n
            \n
          • Strong first-day subscription and high QIB demand signal good market confidence.<\/li>\n\n\n\n
          • GMP positive \u2192 potential for listing gains if premium holds.<\/li>\n\n\n\n
          • Company has solid presence in Gujarat, existing dealer network, and growth in steel\/TMT sector.<\/li>\n<\/ul>\n\n\n\n

            Risks \/ Considerations:<\/strong><\/h3>\n\n\n\n
              \n
            • Revenue is declining compared to earlier years (some dip noted) though profits are improving. <\/li>\n\n\n\n
            • Mostly regionally concentrated \u2192 heavy dependency on Gujarat.<\/li>\n\n\n\n
            • Raw-material \/ steel industry volatility.<\/li>\n<\/ul>\n\n\n\n

              If you’re a short-term investor hoping for listing gain, GMP + subscription trends are encouraging. If you’re long-term, check whether the company can scale, diversify and improve margins.<\/p>\n\n\n\n

              Key Takeaways<\/h2>\n\n\n\n
                \n
              • Price Band<\/strong>: \u20b994-99\/share<\/li>\n\n\n\n
              • Issue Size<\/strong>: ~\u20b9148.5 crore (fresh issue)<\/li>\n\n\n\n
              • Lot Size<\/strong>: 150 shares<\/li>\n\n\n\n
              • Subscription Day 1<\/strong>: Fully subscribed, strong QIB & NII interest<\/li>\n\n\n\n
              • GMP<\/strong>: ~\u20b923\/share (~23%) \u2192 possible listing gain<\/li>\n<\/ul>\n\n\n\n
                \n\n\n\n

                FAQs<\/h2>\n\n\n
                \n
                \n
                \n

                Q: What is the minimum investment for retail investors?<\/strong><\/h3>\n
                \n\n

                A: Lot size is 150 shares \u2192 at upper band \u20b999, that\u2019s ~\u20b914,850.<\/p>\n\n<\/div>\n<\/div>\n

                \n

                Q: When will shares be allotted and credited?<\/strong><\/h3>\n
                \n\n

                A: Allotment expected on 22 September; refunds and crediting to Demat likely 23 September. Listing on exchanges on 24 September.<\/p>\n\n<\/div>\n<\/div>\n

                \n

                Q: Is GMP guaranteed?<\/strong><\/h3>\n
                \n\n

                A: No. GMP is speculative; it reflects unregulated market sentiment and can change.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n

                Conclusion<\/h2>\n\n\n\n

                VMS TMT\u2019s IPO had an impressive Day 1 showing \u2014 strong demand, high institutional participation, and healthy GMP. If you’re considering applying, now is a good time to weigh the potential listing gains vs. the longer-term fundamentals. Keep an eye on subscription trends over the next two days and see if GMP holds steady or moves.<\/p>\n","protected":false},"excerpt":{"rendered":"

                Introduction The IPO of VMS TMT Limited, a Gujarat-based manufacturer of TMT bars, opened on 17 September 2025, and by the end of Day 1 it has already generated strong investor interest. Below are the latest subscription figures, grey market premium (GMP), and all the key details you need if you\u2019re considering applying. Key IPO […]<\/p>\n","protected":false},"author":9,"featured_media":8527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-8526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=8526"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8526\/revisions"}],"predecessor-version":[{"id":8528,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8526\/revisions\/8528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/8527"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=8526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=8526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}