VMS TMT IPO in focus, Sept. 15 -- VMS TMT's initial public offering (IPO) is scheduled to kick off for subscription on Wednesday, September 17, and will remain open until Friday, September 19.

The company aims to raise Rs.148.50 crore through the offering, which is entirely a fresh issue of 1.50 crore shares. The IPO price band is set at Rs.94 to Rs.99 per share. Retail investors can apply for a minimum of 150 shares in one lot and can apply for up to 13 lots.

At the upper end of the IPO price band, Rs.99 apiece, retail investors are required to make a minimum investment of Rs.14,850 per lot.

Business Overview: The company is engaged in the manufacturing of Thermo Mechanically Treated Bars at its manufacturing facility situated at Bhay...