Key IPO Details Parameter Value Company VMS TMT Limited (manufacturer of Thermo Mechanically Treated Bars, scrap & binding wires) mint +3 Trade Brains +3 ICICI Direct +3 IPO Type Fresh issue (i.e. no Offer-for-Sale) Trade Brains Issue Size ₹148.50 crore mint +2 ICICI Direct +2 Number of Shares 1.50 crore shares mint +2 ICICI Direct +2 Price Band ₹94 to ₹99 per share mint +2 mint +2 Lot Size 150 shares per lot mint +2 Trade Brains +2 Subscription Period 17 September to 19 September 2025 mint +2 Trade Brains +2 Listing Date (Expected) 24 September 2025 mint +1 Allotment Date Around 22 September 2025 InvestorZone +2 Trade Brains +2 Subscription Status & GMP (Grey Market Premium) Day 1 Subscription (end of Day 1): ~ 8.40× overall. mint +2 ICICI Direct +2 Retail portion: about 6.56× mint +2 ICICI Direct +2 NII (Non-Institutional Investors): ~ 13.78× Moneycontrol +2 mint +2 QIB (Qualified Institutional Buyers): ~ 7.09× mint +2 ICICI Direct +2 Da...
MSME Relief on Cards: Former Cabinet Secretary-Led Panel to Suggest Overhaul of Quality Control Orders A high-level reform push is underway to ease regulatory burdens on India’s micro, small and medium enterprises (MSMEs), with a panel led by a former Cabinet Secretary proposing major changes to the Quality Control Orders (QCOs) regime. The aim: balance quality standards with ease of doing business, so MSMEs are less burdened by expensive compliance norms while still upholding safety, import standards, and consumer protection. What are Quality Control Orders (QCOs) QCOs are legal mandates under the Bureau of Indian Standards (BIS) Act. They specify criteria that must be met by both domestic and imported products before they can be produced, sold, traded, or stocked. Non-conforming products are not permitted in the market. The Indian Express +2 The Hindu +2 They exist in order to ensure product safety, prevent substandard imports, and provide consumer protection. The Hindu...