Mumbai, Sept. 18 -- The initial public offer of VMS TMT received bids for 15,90,86,700 shares as against 1,23,00,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (18 September 2025). The issue was subscribed 12.93 times.

The issue opened for bidding on 17 September 2025 and it will close on 19 September 2025. The price band of the IPO is fixed between Rs 94 and 99 per share. An investor can bid for a minimum of 150 equity shares and in multiples thereof.

The offer comprises a fresh issue of up to 1,50,00,000 equity shares, aggregating Rs 149 crore at the upper price band and Rs 141 crore at the lower price band of Rs 94.

The net proceeds from the issue will go towards repayment/ prepayment, in full or part...