VMS TMT IPO Subscription
ListedUpdated 24 September 2025, 9:15 AM IST· Mainboard
VMS TMT IPO subscription closed on 19 September 2025 at 102.24x overall by shares. QIB demand came in at 120.80x, NII at 227.09x, and retail at 47.89x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 22 September 2025. Listing date on NSE and BSE is 24 September 2025.
VMS TMT IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 17 Sept 2025 | 7.09x | 13.78x | 6.56x | 8.40x |
| Day 2 - 18 Sept 2025 | 7.47x | 37.26x | 18.99x | 21.76x |
| Day 3 - 19 Sept 2025 | 120.80x | 227.08x | 47.85x | 102.24x |
VMS TMT IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
VMS TMT IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 40.61x | 1 in 41 |
| SHNI (Rs 2L to Rs 10L) | 187.56x | 1 in 188 |
| BHNI (above Rs 10L) | 49.54x | 1 in 50 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the VMS TMT IPO Allotment Status page from 22 September 2025 for your result.
VMS TMT IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 99.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 17.82 Cr | Rs 2,152.70 Cr | 120.80x |
| FII | - | Rs 272.27 Cr | - |
| DFI | - | Rs 962.89 Cr | - |
| Mutual Funds | - | Rs 5.07 Cr | - |
| Other | - | Rs 912.47 Cr | - |
| NII | Rs 29.70 Cr | Rs 6,744.70 Cr | 227.09x |
| bNII (above Rs 10L) | Rs 19.80 Cr | Rs 4,828.16 Cr | 243.85x |
| Corporate | - | Rs 45.21 Cr | - |
| Individual | - | Rs 4,576.66 Cr | - |
| Other | - | Rs 206.29 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 9.90 Cr | Rs 1,916.54 Cr | 193.59x |
| Corporate | - | Rs 4.75 Cr | - |
| Individual | - | Rs 1,824.29 Cr | - |
| Other | - | Rs 87.50 Cr | - |
| Retail | Rs 74.25 Cr | Rs 3,555.52 Cr | 47.89x |
| Cut-off price | - | Rs 2,898.15 Cr | - |
| Fixed price | - | Rs 657.37 Cr | - |
| Total | Rs 121.77 Cr | Rs 12,452.92 Cr | 102.27x |
VMS TMT IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 18,00,000 | 805 | 0.00x |
| FII | - | 20 | - |
| DFI | - | 11 | - |
| Mutual Funds | - | 65 | - |
| Other | - | 709 | - |
| NII | 1,429 | 1,36,486 | 95.51x |
| bNII (above Rs 10L) | 953 | 47,207 | 49.54x |
| Corporate | - | 434 | - |
| Individual | - | 44,750 | - |
| Other | - | 2,023 | - |
| sNII (Rs 2L to Rs 10L) | 476 | 89,279 | 187.56x |
| Corporate | - | 216 | - |
| Individual | - | 84,907 | - |
| Other | - | 4,156 | - |
| Retail | 50,000 | 20,30,646 | 40.61x |
| Cut-off price | - | 16,39,180 | - |
| Fixed price | - | 3,91,466 | - |
| Total | 18,51,429 | 21,67,937 | 1.17x |
What Do These Subscription Numbers Mean?
102.24x overall by shares means bids covered about 102 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 120.80x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (95.51x by applications). Split: SHNI 187.56x, BHNI 49.54x by applications. SHNI and BHNI allotment is by lottery.
At 40.61x subscription by applications, about 1 in 41 retail applicants may get allotment (~2% chance per application). Retail allotment is also by lottery.
VMS TMT IPO GMP After Subscription
GMP for VMS TMT IPO stands at Rs 11.00 today, giving an estimated listing price of Rs 110.00 per share.
A subscription of 102.24x combined with a GMP of 11.11% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the VMS TMT IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
VMS TMT IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 17 September 2025 |
| IPO Close Date | 19 September 2025 |
| Allotment Date | 22 September 2025 |
| Refund Initiation | 23 September 2025 |
| Share Credit to Demat | 23 September 2025 |
| Listing Date | 24 September 2025 |
| Minimum Investment | Rs 14,850.00 |
| Lot Size | 150 shares |
About VMS TMT IPO
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
VMS TMT IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
VMS TMT IPO Details
Issue size, price, financials, and company info
VMS TMT IPO GMP
Live grey market premium and listing estimate
VMS TMT IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
VMS TMT IPO Allotment
Allotment date, chances, and check by PAN
VMS TMT IPO Review
SWOT, strengths, risks, and IPO review
VMS TMT IPO FAQ
Common questions on dates, GMP, and allotment
VMS TMT IPO Registrar
Registrar website and how to check allotment
VMS TMT IPO Timeline
Open, close, allotment, and listing dates
VMS TMT IPO News
Updates, blogs, and latest IPO news
VMS TMT IPO Subscription FAQs
What is VMS TMT IPO subscription status today?
VMS TMT IPO subscription closed on 19 September 2025 with overall subscription of 102.24x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 120.80x, NII 95.51x, Retail 40.61x.
What is the overall subscription of VMS TMT IPO?
VMS TMT IPO is subscribed 102.24x overall by shares at close on 19 September 2025. QIB 120.80x, NII 95.51x, and Retail 40.61x.
What is VMS TMT IPO QIB subscription?
VMS TMT IPO QIB (Qualified Institutional Buyers) subscription is 120.80x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is VMS TMT IPO Retail subscription?
VMS TMT IPO Retail subscription is 40.61x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is VMS TMT IPO NII, SHNI, and BHNI subscription?
VMS TMT IPO NII subscription is 95.51x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 187.56x and BHNI (above Rs 10L) at 49.54x.
What are VMS TMT IPO retail allotment chances?
At 40.61x subscription by applications, about 1 in 41 retail applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 47.89x. Allotment chances use applications, not share volume.
What are VMS TMT IPO SHNI allotment chances?
At 187.56x subscription by applications, about 1 in 188 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 193.59x. Allotment chances use applications, not share volume.
What are VMS TMT IPO BHNI allotment chances?
At 49.54x subscription by applications, about 1 in 50 BHNI applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 243.85x. Allotment chances use applications, not share volume.
When is VMS TMT IPO allotment date?
VMS TMT IPO allotment date is 22 September 2025. Check VMS TMT IPO Allotment Status on IPOwiz from that day using your PAN.
When does VMS TMT IPO subscription close?
VMS TMT IPO subscription closed on 19 September 2025. No new applications are accepted after the close.
What is VMS TMT IPO GMP today?
VMS TMT IPO GMP is ₹11 today (+11.11% over issue price ₹99). See live GMP on the VMS TMT IPO GMP Today page.
What is VMS TMT IPO issue price and lot size?
VMS TMT IPO issue price is ₹99 per share. Lot size is 150 shares. Minimum investment is ₹14,850 per lot. Issue size: ₹148.50 Cr.
When is VMS TMT IPO listing date?
VMS TMT IPO listing date is 24 September 2025 on NSE and BSE. Allotment is on 22 September 2025.
How does subscription affect VMS TMT IPO allotment?
In VMS TMT IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 102.24x overall, competition is very high.
For allotment results from 22 September 2025, visit the VMS TMT IPO Allotment Status page. For listing day updates on 24 September 2025, download the IPOwiz App.
Sources
We match VMS TMT IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.