Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 102.26x·QIB 120.80x·NII 227.09x·Retail 47.88x
Based on retail subscription by applications (40.64×), approximately 1 in 41 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
VMS TMT Limited Mainboard IPO was subscribed 102.26x in total when bidding closed on Sep 19, 2025, with 120.8x in the QIB category, 227.09x in NII, 47.88x in retail across BSE and NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Sep 17, 2025 to Sep 19, 2025 at a price band of ₹94–₹99 per share. Allotment was finalised on Sep 22, 2025.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 1800000 | 217444650 | 120.8 |
| NIIs | 3000000 | 681281100 | 227.09 |
| BNIIs (>10L) | 1999500 | 487692900 | 243.91 |
| SNIIs (<10L) | 1000500 | 193588200 | 193.49 |
| Retail | 7500000 | 359113500 | 47.88 |
| Total | 12300000 | 1257839250 | 102.26 |
| Total Applications21,68,992 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 952 | 47,207 | 49.59 |
| SNIIs (<10L) | 476 | 89,302 | 187.61 |
| Retail | 50,000 | 20,31,758 | 40.64 |
| Total Applications21,68,992 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 17.82 | 2152.7 | 120.8 |
| NIIs | 29.7 | 6744.68 | 227.09 |
| BNIIs (>10L) | 19.8 | 4828.16 | 243.91 |
| SNIIs (<10L) | 9.9 | 1916.52 | 193.49 |
| Retail | 74.25 | 3555.22 | 47.88 |
| TOTAL | 121.77 | 12452.61 | 102.26 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
17 Sep 2025
5:00 PM
|
7.09x |
13.78x
15.00x
11.34x
|
6.56x | 8.40x |
|
Day 2
18 Sep 2025
5:00 PM
|
7.47x |
37.26x
35.12x
41.53x
|
18.99x | 21.76x |
|
Day 3
19 Sep 2025
5:00 PM
|
120.80x |
227.08x
243.91x
193.46x
|
47.85x | 102.24x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 49.00x |
| sHNI | 187.00x |
| Retail | 41.00x |
Because VMS TMT closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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