VMS TMT IPO Day 3: GMP at 15%, Subscribed 21.75 times; Should You Apply? Check key details
Published on: Sept. 19, 2025, 11:29 a.m. | Source: The Economic Times
VMS TMT's Rs 149 crore IPO closed with strong oversubscription, driven by retail and non-institutional investors, signaling robust confidence. The IPO was oversubscribed by 21.75 times. The company plans to use the raised funds to reduce borrowings and for general corporate purposes. Analysts recommend subscribing to the IPO for the long term, citing healthy profitability and a strong distribution network.
