India's VMS TMT rises 0.7% on trading debut

VMS TMT

24/09/2025 10:22

** Shares of VMS TMT VMST.NS rise 0.7% to 99.65 rupees on trading debut

** Stock opened at 104.90 rupees, 6% higher than the issue price of 99 rupees

** Thermo mechanically treated bars maker's 1.49 bln rupees ($16.8 mln) IPO, which comprised entirely of issue of fresh shares, was subscribed 102.3x

** VMST valued at 4.95 bln rupees, as of 14:42 IST

** Trading vols at 5.3 mln shares so far

** Funds raised from the offering to be used for repayment of borrowings and general corporate purposes

($1 = 88.7575 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))