VMS TMT Ltd. makes a strong debut on the bourses with scrip got listed at Rs 105.00 on the Bombay Stock Exchange, a 6.06 per cent premium to its issue price of Rs 99.00. On the National Stock Exchange, the stock was listed at Rs 104.90.
The company, which raised 1.50 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 150.00 lakhs shares.
The company, listed under T Group Securities post its IPO, opened for subscription from Sep 17 to Sep 19.
Following a strong opening, the scrip touched an intraday high of Rs 105.00 and a low of Rs 99.75, before closing the session up by 0.75 per cent to its listing price at Rs 99.75 on the BSE.
The company anticipates using the proceeds of the issue for .
Arihant Capital Markets Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 81,715.63, down 386.47 points, or 0.47 per cent.