VMS TMT IPO listing today. Modest GMP signals cautious debut
Published on: Sept. 24, 2025, 8:34 a.m. | Source: The Economic Times
VMS TMT, a Gujarat-based steel manufacturer, is set to debut on the stock exchanges on September 24, following its Rs 148-crore IPO. The IPO, priced between Rs 94 and Rs 99 per share, saw decent subscription levels. The company intends to use the IPO proceeds to repay debt and for general corporate purposes, with promoter holding decreasing post-issue.
