After more than 100 times subscription, VMS TMT IPO allocation will soon be expected: here is how you can check the status

VMS TMT has been set to complete the allocation of shares for its RS 148.5 Crore IPO today. The IPO, which was open between 17 and 19 September, saw a strong response and was generally subscribed to 102 times. The retail trade was booked almost 48 times, while non-institutional investors offer 227 times. Qualified institutional buyers (QIBS) subscribed 120.8 times.

Investors can check their allocation status on the website of the publication Register, KFIN Technologies The company will also inform successful bidders via E -mail and SMS.

How to check the allocation

Visit the Kfintech IPO allocation page (https://ipostatus.kfintech.com/) Select VMS TMT IPO in the drop -down menu.

Enter your pan, application number or DP/Client -ID.

Click Send to view allocation details.

Alternatively, the allocation can also be checked via the BSE website under the Equity IPO status section.

Go to the status of Busse -IPO allocation status (https://www.bseindia.com/investors/appli_check.aspx))

Select equity under issue type.

Kies Shringar House of Mangalsutra

Enter the application number and pan.

Gray Market Premium (GMP)

The IPO recommends a GMP of approximately 11%, suggesting that modest list profits such as the current gray market trends apply. This means that the shares can state approximately RS 110 per share compared to the issue price of RS 99.

About the IPO

VMS TMT had established a price band of RS 94-99 per share, with much size of 150 shares. The issue was completely a new issue of 1.5 crore shares, which collected RS 148.5 Crore. The importance of the promoters will fall from 96.28% pre-spent to 67.19% after the edition.

The company plans to use the net revenue to repay loans (RS 115 Crore) and for general business purposes.

Company profile

VMS TMT produces thermo-mechanically treated (TMT) beams, with its facility near Bavla in the Ahmedabad district, Gujarat. It brings its beams to the market under the Kamdhenu NXT brand via a license agreement with Kamdhenu Ltd. From July 31, 2025, the company had three distributors and 227 dealers in Gujarat.