Shares of VMS TMT are set to be listed on both BSE and NSE on Wednesday, September 24, on a decent note as the Ahmedabad-based metal products company completed its initial public offering (IPO), between September 17 and 19, saw a price band of Rs 94-99 per share and a lot size of 150 shares. Advertisement

Retail investors were required to invest at least in one lot, while the IPO was entirely a fresh issue amounting to Rs 148.50 crore from the sale of 1,50,00,000 equity shares. Arihant Capital Markets acted as the sole book running lead manager and Kfin Technologies was the registrar for the issue.Brokerage firms have expressed a favourable view of the IPO.

Ahead of the listing, market sentiment for VMS TMT shares appears cautiously optimistic. The grey market premium (GMP) for the shar

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