Overview
- The Rs 148.5 crore book-built offer ended with 102.26 times overall bids on Friday, including 227.09x from NIIs, 120.80x from QIBs, and 47.88x from retail, per NSE data reported by PTI.
- The issue comprises a wholly fresh sale of 1.5 crore shares in a price band of Rs 94–99 with a minimum lot size of 150 shares.
- VMS TMT plans to use Rs 115 crore of the proceeds to repay or prepay borrowings, with the balance for general corporate purposes and issue expenses.
- Grey‑market indications eased from roughly Rs 22–23 earlier to about Rs 15–17 on the final day, suggesting potential but moderated listing gains and remaining unofficial.
- The company raised nearly Rs 27 crore from anchor investors before opening, and the stock is slated to list on NSE and BSE next week with the exact date to be confirmed.