The shares of VMS TMT made a decent market debut on September 24, listing at Rs 105 per share on BSE. This marks a premium of more than 6 percent over the IPO price of Rs 99 apiece.

On NSE, the shares listed slightly lower at Rs 104.90 apiece. The stock's market capitalisation at debut stood at over Rs 521 crore.

Listing premium lower than grey market estimates:

The listing premium is however lower than the grey market estimates. Ahead of listing, the unlisted shares of the company were trading with more than 11 percent grey market premium (GMP) over the IPO price, according to data on Investorgain.

VMS TMT IPO subscribed 102x:

The maiden public issue of the company had seen strong investor interest during its three days of public bidding, being subscribed more than 102 times betw

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