VMS TMT IPO Sees Exceptional Demand, Subscribed 102.24x on Day 3

VMS TMT Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with VMS TMT's stock price set at ₹94-99 per share, reflecting outstanding market reception. The ₹148.50 crore IPO reached 102.24 times by 5:04:36 PM on day three, indicating exceptional investor interest in this thermo-mechanically treated bars manufacturer incorporated in 2013.

VMS TMT IPO non-institutional investors segment leads with a remarkable 227.08 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate exceptional participation at 120.80 times and retail investors show strong interest at 47.85 times, reflecting outstanding investor confidence in this company.

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IPO Subscription Status

Subscription Details - Day 3 (September 19, 2025, 5:04:36 PM)

Key Highlights - Day 3

• Overall subscription reached exceptional 102.24 times, showing remarkable improvement from day two's 21.76 times
• Non-institutional investors displaying remarkable performance at 227.08 times, building substantially from day two's 37.26 times
• Qualified institutional buyers displaying exceptional confidence at 120.80 times, building dramatically from day two's 7.47 times
• Retail investors displaying strong confidence at 47.85 times, building substantially from day two's 18.99 times
• Total applications reached 21,37,413, indicating massive investor participation for this mainboard IPO
• Cumulative bid amount reached ₹12,450.11 crores, significantly exceeding the issue size of ₹148.50 crores

VMS TMT IPO - Day 2 Subscription at 21.76 Times

• Overall subscription reached strong 21.76 times, showing substantial improvement from day one's 8.40 times
• Non-institutional investors displaying impressive performance at 37.26 times, building substantially from day one's 13.78 times
• Retail investors displaying strong confidence at 18.99 times, building substantially from day one's 6.56 times
• Qualified institutional buyers showing moderate growth at 7.47 times, building modestly from day one's 7.09 times

VMS TMT IPO - Day 1 Subscription at 8.40 Times

• Overall subscription reached strong 8.40 times, showing exceptional opening day investor interest
• Non-institutional investors displaying impressive performance at 13.78 times, indicating robust HNI appetite
• Qualified institutional buyers displaying strong confidence at 7.09 times, showing solid institutional appetite
• Retail investors displaying moderate confidence at 6.56 times, showing reasonable retail sentiment

About VMS TMT Limited

Incorporated in 2013, VMS TMT Limited is primarily engaged in manufacturing Thermo Mechanically Treated Bars (TMT Bars) with operations focused in Gujarat. The company operates through a distribution network of 3 distributors and 227 dealers, with manufacturing facility strategically located in Bhayla Village, Ahmedabad district, and markets products under the 'Kamdhenu NXT' brand name.