VMS TMT IPO Subscription Status
VMS TMT IPO closed on 19 September 2025 with an overall subscription of 102.24x based on shares applied. QIB demand came in at 120.80x, NII at 227.09x, and retail at 47.89x.
Allotment will be finalised on 22 September 2025. The stock is scheduled to list on NSE and BSE on 24 September 2025.
Issue Price
Rs 99.00
GMP Today
Rs 11.00 (+11.11%)
Overall Subscription
102.24x
Issue Size
₹148.50 Cr
Allotment Date
22 Sept 2025
Listing Date
24 Sept 2025
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?
A subscription of 102.24x by shares means the IPO received bids for 102 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 120.80x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 120.80x, it reflects serious institutional conviction.
NII at 95.51x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 49.54x and sNII at 187.56x by applications. Share subscription was 227.09x. Allotment uses application count, not share volume.
At 40.61x subscription by applications, approximately 1 in 41 retail applicants can expect an allotment (~2% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 47.89x. Allotment uses application count, not share volume.
VMS TMT IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 40.61x.
- •Allotment odds: about 1 in 41 (~2% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 47.89x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 187.56x.
- •Allotment odds: about 1 in 188 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 193.59x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 49.54x.
- •Allotment odds: about 1 in 50 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 243.85x. Allotment uses application count, not share volume.
Check the VMS TMT IPO Allotment Status page from 22 September 2025 for your allotment result.
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 Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
VMS TMT IPO Subscription FAQs
What is VMS TMT IPO IPO subscription status today?
VMS TMT IPO IPO subscription closed on 19 September 2025 with overall subscription of 102.24x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 120.80x, NII 95.51x, Retail 40.61x.
What is the overall subscription of VMS TMT IPO IPO?
VMS TMT IPO 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 IPO QIB subscription?
VMS TMT IPO 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 IPO Retail subscription?
VMS TMT IPO IPO Retail subscription is 40.61x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is VMS TMT IPO IPO NII subscription?
VMS TMT IPO IPO NII (Non-Institutional Investors) subscription is 95.51x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in VMS TMT IPO IPO for retail?
At 40.61x subscription by applications, approximately 1 in 41 retail applicants can expect an allotment (~2% per application). Allotment is done by lottery. Share subscription was 47.89x. Allotment uses application count, not share volume.
When is VMS TMT IPO IPO allotment date?
VMS TMT IPO 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 IPO subscription close?
VMS TMT IPO IPO subscription closed on 19 September 2025. No new applications are accepted after the close.
What is VMS TMT IPO IPO GMP today?
VMS TMT IPO 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 IPO issue price and lot size?
VMS TMT IPO 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 IPO listing date?
VMS TMT IPO IPO listing date is 24 September 2025 on NSE and BSE. Allotment is on 22 September 2025.
How does subscription affect VMS TMT IPO IPO allotment?
Allotment odds in VMS TMT IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 95.51x by applications means roughly 1 in 96 for minimum-lot bids; bNII at 49.54x (~1 in 50). 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.