New Delhi, Sept. 23 -- TMT bars maker VMS TMT, which garnered significant interest during its bidding period, with subscription crossing over 100 times, is set to enter bourses on Wednesday, September 24, and is also likely to attract the same enthusiasm as the grey market premium signals a healthy entry for the stock.

According to market sources, the company's shares are commanding a grey market premium of Rs.14 ahead of listing. Based on the company's upper band issue price of Rs.99 and the current GMP, the estimated listing price of VMS TMT stands at Rs.113 per share, 14.14% above the issue price.

The grey market premium indicates investors' willingness to pay a premium over the IPO price and is not the final listing price for the st...