VMS TMT IPO Subscription Status
VMS TMT IPO was subscribed 102.24 times when bidding closed on 19 Sep 2025: QIB 120.8x, NII 227.08x, Retail 47.85x.
The VMS TMT IPO has been subscribed 102.24x times overall. Retail investors have shown interest with bids for 47.85x the shares available. The Non-Institutional Investor (NII) category has been subscribed 227.08x. Within NII, Big HNI (B-HNI) subscribed 243.85x and Small HNI (S-HNI) subscribed 193.55x. Qualified Institutional Buyers (QIBs) have subscribed 120.8x. Data last updated on 10 Nov, 01:05 AM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 17 Sep, 2025 and closes on 19 Sep, 2025. The shares are expected to list on stock exchanges on 24 Sep, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 120.8x |
| NII | - of - - | 227.08x |
bHNI — bid amount above ₹10 Lakh |
- - | 243.85 |
sHNI — bid amount ₹2–10 Lakh |
- - | 193.55 |
| Retail | - of - - | 47.85x |
| TOTAL | - 20,26,554 applications - | 102.24x |
VMS TMT IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹99.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 82.91x subscribed | 20,26,554 | 51,476 | 1 out of 391 out of 39 |
VMS TMT IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 48 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 120.8x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
19 Sep 2025
Day 3 |
102.24x | ▼ | |
|
QIB120.8x
BHNI243.85x
SHNI193.55x
Retail47.85x
|
|||
|
18 Sep 2025
Day 2 |
21.76x | ▼ | |
|
QIB7.47x
BHNI35.12x
SHNI41.53x
Retail18.99x
|
|||
|
17 Sep 2025
Day 1 |
8.4x | ▼ | |
|
QIB7.09x
BHNI15x
SHNI11.34x
Retail6.56x
|
|||
VMS TMT IPO dates
From the bidding window to listing. Today is 10 November.
- Open 17 Sep 2025
- Close 19 Sep 2025
- Allotment 22 Sep 2025
- Refund/credit 23 Sep 2025
- Listing 24 Sep 2025
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | SAINT CAPITAL FUND | SAINT CAPITAL | ₹6.00 Cr | 22.45% | |
| 2 | CHANAKYA OPPORTUNITIES FUND I | CHANAKYA | ₹5.72 Cr | 21.42% | |
| 3 | MAYBANK SECURITIES PTE | MAYBANK | ₹5.00 Cr | 18.71% | |
| 4 | ASTORNE CAPITAL VCC-ARVEN | ASTORNE CAPITAL | ₹5.00 Cr | 18.71% | |
| 5 | VBCUBE VENTURES FUND | VBCUBE | ₹5.00 Cr | 18.71% | |
| TOTAL | ₹26.72 Cr | 100.00% |
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of VMS TMT IPO?
As of IPO close date (19 Sep, 2025), the VMS TMT IPO is subscribed 102.24x times. Retail category is 47.85x, and NII is 227.08x subscribed.
When is the allotment date for VMS TMT IPO?
The allotment for VMS TMT IPO is expected to be finalized on 22 September, 2025.
What is the GMP of VMS TMT?
The Grey Market Premium (GMP) for VMS TMT is currently ₹10, indicating a potential listing gain of 10%.
When will VMS TMT IPO list on the stock market?
VMS TMT is scheduled to list on BSE and NSE on 24 September, 2025.
What are the chances of getting allotment in VMS TMT IPO?
The retail category is oversubscribed at 47.85x, meaning allotment is by lottery. Statistically, approximately 1 in 48 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 120.8x mean for VMS TMT IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 120.8x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check VMS TMT IPO allotment status?
After the allotment date (22 Sep, 2025), you can check your VMS TMT IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore VMS TMT IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
