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.

What is the current subscription status of VMS TMT Limited IPO?

VMS TMT Limited IPO has received a total subscription of 102.27 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

102.27x

Total Demand

QIB Multiplier

120.80x

Institutions & Funds

NII / HNI

227.09x

High Net-Worth

Retail (RII)

47.89x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 102.27x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,800,000	217,444,650	120.80x
NIB	3,000,000	681,283,200	227.09x
HNIs(10L +)	1,999,500	487,692,900	243.91x
HNIs (2-10L)	1,000,500	193,590,300	193.49x
RETAIL	7,500,000	359,143,350	47.89x
Total	15,300,000	1,939,154,400	102.27x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 42.16x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	50,000	2,031,936	40.64x
HNIs(10L +)	952	47,208	49.59x
HNIs (2-10L)	476	89,303	187.61x
Total Applications	51,428	2,168,447	42.16x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is VMS TMT Limited IPO GMP today?

The latest Grey Market Premium (GMP) for VMS TMT Limited IPO is ₹11 per equity share. Based on the upper price band of ₹94 to ₹99 per equity share, the estimated listing price is ₹110 (+11.1% expected listing gain).

What is the expected profit per lot for VMS TMT Limited IPO?

With a lot size of 150 shares and current GMP of ₹11, the expected profit per application lot is approx ₹1,650 (+11.1% gain). Minimum application cost is approx ₹14,850.

What is the issue size and price band for VMS TMT Limited IPO?

The VMS TMT Limited IPO aggregate issue size is ₹148.5 Crores with an equity price band set at ₹94 to ₹99 per equity share. The retail lot size is 150 shares requiring a minimum capital outlay of approx. ₹14,850.

How can I check VMS TMT Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 102.27x (Retail: 47.89x, QIB: 120.80x, NII: 227.09x). You can track live multiples directly on our dedicated subscription page.

Where and when will VMS TMT Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-09-22. Investors can verify status using PAN card or application number.

When is the listing date for VMS TMT Limited IPO?

VMS TMT Limited shares are scheduled to list on NSE and BSE on 2025-09-24.