VMS TMT is finalizing its share allotment today for its Rs 148.5 crore IPO, which saw an overwhelming subscription of over 102 times. Retail investors bid nearly 48 times, while non-institutional investors bid 227 times, and QIBs subscribed 120.8 times. The IPO’s grey market premium suggests a potential listing price of around Rs 110 per share.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires