Vishal Nirmiti Limited IPO
listed · NSE · Bookbuilding IPO
Vishal Nirmiti Limited IPO was a ₹178 crore book-built issue on NSE with a price band of ₹208–₹220 per share, open for bidding from 30 Sep 2026 to 5 Oct 2026.
Last updated: · How we collect data
Company overview
- Website
- https://www.vishalnirmiti.com/
IPO overview
Vishal Nirmiti Limited raised ₹178 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).
Bids were accepted within a price band of ₹208–₹220 per share; the final issue price is set within this band after bidding closes.
The shares listed on NSE on 8 Oct 2026.
Saffron Capital Advisors Pvt.Ltd. was the book-running lead manager and MUFG Intime India Pvt.Ltd. is the registrar, which processes applications, allotment and refunds.
Stated objects of the issue: Funding working capital requirements of the Company Repayment and/ or pre-payment, in part or full of term loans General Corporate Purposes.
- Issue type
- Bookbuilding IPO
- Issue structure
- Fresh capital cum OFS
- Issue size
- ₹178 crore
- Price
- ₹208–₹220 per share
- Exchange
- NSE
- Lead manager
- Saffron Capital Advisors Pvt.Ltd.
- Registrar
- MUFG Intime India Pvt.Ltd.
IPO timeline
- Bidding opens 30 Sep 2026
- Bidding closes 5 Oct 2026
- Basis of allotment 6 Oct 2026
- Refunds / unblocking 7 Oct 2026
- Shares credited to demat 7 Oct 2026
- Listing 8 Oct 2026
Bidding ran from 30 Sep 2026 to 5 Oct 2026.
After bidding, the basis of allotment was due on 6 Oct 2026, refunds / unblocking of funds were due on 7 Oct 2026 and shares were due to be credited to demat accounts on 7 Oct 2026.
The shares listed on 8 Oct 2026.
Subscription summary
By the close of bidding, the issue was subscribed 1.79× overall (last figure recorded 5 Oct 2026).
By category: qualified institutional buyers (QIB) 1.33×, non-institutional investors (NII) 1.89× and retail investors 1.75×.
Recorded day by day: 30 Sep 0.06×, 1 Oct 0.60× and 5 Oct 1.79×.
Bids were received for 1.79× the shares available, so not every applicant in an oversubscribed category will receive shares.
| Category | Subscribed (as of 5 Oct 2026) |
|---|---|
| QIB | 1.33× |
| NII | 1.89× |
| Retail | 1.75× |
| Overall | 1.79× |
Grey market premium (unofficial)
The last grey market premium (GMP) we recorded for this issue was ₹2 on 7 Oct 2026, equal to 0.9% of the upper price band.
Across 10 readings between 28 Sep 2026 and 7 Oct 2026, the quoted GMP ranged from ₹2 to ₹22.
We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.
- GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.
Allotment
The basis of allotment was due on 6 Oct 2026. Applicants can check their status using their PAN, application number or demat account details.
The registrar, MUFG Intime India Pvt.Ltd., processes allotment; check status on its website or the exchange's application-status page.
Offer documents
Where the offer document differs from any figure on this page, the document prevails.
Sources and data methodology
NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error
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In the news
- Indian IPO Weekly Review: 5 Oct–11 Oct 2026 · 12 Oct 2026
- Indian IPO Weekly Review: 28 Sep–4 Oct 2026 · 5 Oct 2026