VMS TMT IPO Day 3, Sept. 19 -- The initial public offering for VMS TMT was off to a stellar start on Wednesday, September 17 and closed with solid subscription numbers on Friday, September 19.

The IPO had sailed through in under less than 30 minutes of opening two days ago amid steady grey market premium (GMP). It was booked 8.40 times at the end of first day and 21.76 times as of the second day.

Meanwhile, VMS TMT IPO closed the third day of bidding with 102.26 times subscription. The IPO received bids for 1,25,78,39,100 shares as against 1,23,00,000 shares on offer.

The retail part of the IPO was booked 47.88 times, the non-institutional investor (NII) quota was subscribed 227.09 times, and the qualified institutional buyer (QIB) seg...