VMS TMT IPO, Sept. 16 -- The initial public offering (IPO) of TMT bars manufacturer VMS TMT is set to open for public subscription on Wednesday, September 17 and will remain open until Friday, September 19.

The issue is witnessing decent demand in the grey market, as the latest grey market premium indicates the stock could be listed at a premium of over 20 per cent.

The Rs.148.50 crore mainboard IPO, with a price band set at Rs.94 to Rs.99 per share, is entirely a fresh issue of 1.5 crore shares.

After the subscription window ends on Friday, the share allotment may be finalised on Monday, September 22, the next business day. Successful bidders will likely receive the company's shares in their demat accounts on Tuesday, September 23, wh...