After the three day of bidding and allotment process, VMS TMT made its stock market debut today. The shares of VMS TMT was listed at a premium of 6%.
On the NSE, the shares opened at Rs 104.90, a 5.96% premium over the IPO issue price of Rs 99. On the BSE, the stock listed at Rs 105, a 6.06% gain from its issue price.
IPO listing and trading start
VMS TMT shares officially began trading on the Indian stock exchanges today September 2w. Both the NSE and BSE have included the company in their trading lists, with the BSE categorising it under the ‘T’ Group of securities.
IPO subscription highlights
The IPO of VMS TMT was open for subscription from 17 to 19 September. According to exchange data, it was subscribed more than 102 times in total. Breaking it down:
Retail Individual Investors (RIIs) – Subscribed 47.88 times.
Non-Institutional Investors (NIIs) – Subscribed 227.09 times.
Qualified Institutional Buyers (QIBs) – Registered a subscription of 120.80 times.
The issue price band for the IPO was set at Rs 94–Rs 99 per share, and the company raised Rs 148.50 crore entirely through a fresh issue of 1.5 crore equity shares.
Key players behind the IPO
Arihant Capital Markets acted as the book running lead manager for the issue, while KFin Technologies served as the registrar.
