VMS TMT opened at RS. 105.00 on the BSE, gaining 6 points or 6.06% over its issue price of RS. 99.

The stock is currently trading at RS. 101.00, up by 2 points or 2.02% from its previous close of RS. 99. During the session, it touched a high of RS. 105.00 and a low of RS. 100.00, with around 5.80 lakh shares changing hands.

The initial public offering, open for subscription from September 17 to September 19, 2025, was subscribed 102.24 times. The issue price was fixed at RS. 99 per share, the upper end of the price band of RS. 94–99.

VMS TMT operates in the manufacturing of TMT bars and trades in various steel products. The company also earns revenue from allied products such as billets, binding wires, scrap, and other by-products generated during the TMT bar manufacturing process.