What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the VMS TMT Limited IPO allotment date?

The basis of allotment for VMS TMT Limited IPO is scheduled to be finalized on 22 Sep 2025.

Where can I check VMS TMT Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 23 Sep 2025.

VMS TMT Limited

ListedMainboard

Steel & Metals · NSE / BSE

VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars and also deals in scrap and binding wires, supplying products within Gujarat and other states. Its manufacturing facility is located in Bhayla Village, near Bavla in Ahmedabad district, offering easy access for distribution. As of July 31, 2025, the company operates through 3 distributors and 227 dealers on a non-exclusive basis, ensuring strong product reach. On November 7, 2022, it signed a retail license agreement with Kamdhenu Limited, allowing it to market TMT Bars under the brand name ‘Kamdhenu NXT’ within Gujarat. The company has a workforce of 230 permanent employees supported by an experienced management team. Its revenue is largely concentrated in Gujarat, contributing 98.78% in Fiscal 2024, 98.43% in Fiscal 2023, and 99.19% in Fiscal 2022, with a focus on Tier II and Tier III cities.

Price Band

₹94 – ₹99

Issue Size

₹149 Cr

Lot Size

150 shares

GMP

₹11

+11.1%

Est. Listing

₹110

at current GMP

Subscribed

102.27x

overall

Open

17 Sep 2025

19 Sep 2025

Allotment

22 Sep 2025

Refund

23 Sep 2025

Demat Credit

24 Sep 2025

Listing

24 Sep 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

VMS TMT Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

22 Sep 2025

Basis finalization

Refunds Initiate

23 Sep 2025

Mandate release

Demat Credit

24 Sep 2025

Shares in demat

Listing Debut

24 Sep 2025

Trading begins

How to Check VMS TMT Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select VMS TMT Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About VMS TMT Limited Public Issue & Market Profile

VMS TMT Limited is bringing an initial public offering (IPO) in the Steel & Metals sector with an aggregate issue size of ₹148.5 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 150 shares (approx. ₹14,850 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-24, while un-allotted funds or UPI block mandates will be released on 2025-09-23.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.