VMS TMT IPO subscribed 12.5x on Day 2; GMP at 17%. Should you apply? Check key details

VMS TMT’s Rs 149 crore IPO has garnered significant investor interest, with an overall subscription of 12.49 times on its second day, driven by strong NII participation. The IPO shares are trading at a 17% premium in the grey market, reflecting positive market sentiment. Proceeds from the IPO will be used to repay borrowings and for general corporate purposes.

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