VMS TMT IPO Allotment: The initial public offering (IPO) of Thermo Mechanically Treated Bars (TMT Bars) manufacturer VMS TMT Ltd received strong demand from investors. The focus now shifts towards VMS TMT IPO allotment date, which can be announced soon. Due to the weekend holidays, VMS TMT IPO allotment can be finalised on Monday.
The mainboard IPO was open from September 17 to 19, and VMS TMT IPO allotment date is likely September 22, while the IPO listing date is September 24. VMS TMT shares will be listed on both the stock exchanges, BSE and NSE.
The company will finalise VMS TMT IPO allotment status soon. After the basis of share allotment is fixed, the company will credit the equity shares into the demat accounts of eligible allotment holders on September 23, and initiate refunds to unsuccessful bidders on the same day.
Investors can check VMS TMT IPO allotment status online through the websites of BSE and NSE, along with the official portal of the IPO registrar. Kfin Technologies Ltd. is VMS TMT IPO registrar.
To check VMS TMT IPO allotment status online, investors can follow a few simple steps mentioned below. Here are steps to check VMS TMT IPO allotment status online.
Your VMS TMT IPO allotment status will be displayed on the screen.
Your VMS TMT IPO allotment status will be displayed on the screen.
Your VMS TMT IPO allotment status will be displayed on the screen.
VMS TMT IPO price band was set at ₹94 to ₹99 per share. At the upper end of the price band, the company raised ₹148.50 crore from the book-building issue, which is entirely a fresh issue of 1.50 crore equity shares.
NSE data showed that the VMS TMT IPO was subscribed to 102.26 times in total. The Retail Investors category was booked 47.88 times, and the Non Institutional Investors (NII) segment was subscribed 227.09 times. The Qualified Institutional Buyers (QIBs) category received 120.80 subscriptions.
Arihant Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is VMS TMT IPO registrar.
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