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Vishal Nirmiti IPO Date, GMP, Review, Price, Allotment Details
Updated
Vishal Nirmiti listed on BSE and NSE on 8 Oct 2026 at ₹215, a 2.3% discount to its issue price of ₹220. The IPO was subscribed 1.68 times overall. Bidding ran from 30 Sep to 5 Oct 2026 with a lot size of 68 shares.
- Price band
- ₹208–220
- Lot size
- 68 shares
- Minimum investment
- ₹14,960
- Bidding
- 30 Sep – 5 Oct 2026
- Listing
- 8 Oct 2026
- Issue size
- ₹178 crore
- Exchange
- BSE and NSE
- Registrar
- MUFG Intime India Private Limited
Vishal Nirmiti IPO GMP today
No GMP was recorded for this IPO.
What GMP means: the grey market premium is an unofficial price that some traders quote before listing. It is not regulated and not published by the exchanges.
GMP often changes sharply and is not a prediction of the listing price. For official demand, check the subscription figures on this page.
About Vishal Nirmiti
A plain-language profile of the company, its products and services, key strengths and a SWOT analysis will appear here.
Vishal Nirmiti IPO review: an honest look at the numbers
Here is an honest look at what the numbers say about the Vishal Nirmiti IPO. We don't tell you to apply or to stay away. We lay out the facts so you can decide.
- Issue size: At ₹178 crore, this is a mid-sized issue.
- Price: The price band is ₹208–220 per share. The smallest application costs ₹14,960 at the top of the band.
- Demand: Bids so far cover the shares on offer 1.68 times, which is moderate demand.
- Listing: The shares listed at ₹215, 2.3% below the issue price. They now trade at ₹120.77 (−45.1% from the issue price).
Before you decide
Read the "Risk factors" and "Objects of the issue" chapters of the RHP for the Vishal Nirmiti IPO. They explain what could go wrong and how the money will be used.
Ask yourself whether you would hold the shares if they listed below the issue price. Invest only money you will not need soon.
This review summarises public data. It is not a rating or a recommendation to apply.
Vishal Nirmiti IPO subscription status
Updated · final figures
| Category | Times subscribed |
|---|---|
| Total | 1.68× |
A figure of 3× means investors bid for three times the shares on offer in that category.
Vishal Nirmiti IPO lot size and minimum investment
One lot of the Vishal Nirmiti IPO is 68 shares. At the upper price band of ₹220, one lot costs ₹14,960.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 68 | ₹14,960 |
| Retail (maximum) | 13 | 884 | ₹1,94,480 |
| sHNI (minimum) | 14 | 952 | ₹2,09,440 |
| sHNI (maximum) | 66 | 4,488 | ₹9,87,360 |
| bHNI (minimum) | 67 | 4,556 | ₹10,02,320 |
Retail investors can bid up to ₹2 lakh. Bids from ₹2 lakh to ₹10 lakh fall in the small HNI (sHNI) category, and bids above ₹10 lakh in the big HNI (bHNI) category.
Vishal Nirmiti IPO employee quota, anchor investors and bids
Employee quota
Whether there is an employee quota will appear here once confirmed from the RHP.
Anchor investors
| Lock-in on 50% of anchor shares ends | Fri, 6 Nov 2026 30 days |
|---|---|
| Lock-in on remaining 50% ends | Tue, 5 Jan 2027 90 days |
Lock-in dates are counted from the allotment date under SEBI rules. Shares coming out of lock-in can add selling pressure around those dates.
How much QIB, NII and retail investors bid
Updated
| Category | Shares on offer | Times subscribed | Amount bid |
|---|---|---|---|
| Total (excluding anchors) | 1.68× | — |
Amount bid is demand, not money invested; most bidders receive fewer shares and get the rest refunded.
Vishal Nirmiti listed peers
The top listed peers of Vishal Nirmiti, with their P/E and RoNW from the RHP, will appear here.
Vishal Nirmiti IPO date and timeline
- Bidding opens
- Bidding closes
- Basis of allotment
- Refunds start
- Shares credited to demat
- Listing
Approve your UPI mandate before 5 pm on the closing day, or the bid is rejected.
What happens after bidding closes
Bidding closed on 5 Oct 2026. The registrar then works out who gets shares, and the basis of allotment was finalised on 7 Oct 2026.
If you don't get shares, the money blocked in your bank account is released from 7 Oct 2026. If you do, the shares reach your demat account the same day.
The Vishal Nirmiti IPO listed on BSE and NSE on 8 Oct 2026, when trading in the shares begins.
Vishal Nirmiti financials
What brokers say about the Vishal Nirmiti IPO
Broker IPO notes usually arrive a day before bidding opens. We add each firm's rating and reason here, with a link to the original.
Marketasset notes on the Vishal Nirmiti IPO
Our notes on the use of proceeds, promoter holding and key risks from the RHP will appear here.
How to apply for the Vishal Nirmiti IPO
- Choose your bid. Pick the number of lots (minimum ₹14,960) and tick "cut-off price" so your bid counts at the final price.
- Apply through UPI or ASBA. Use your broker's app with your UPI ID, or your bank's net banking (ASBA). The money is blocked, not debited.
- Approve the UPI mandate in your UPI app before 5 pm on the closing day.
- Check allotment after the allotment date, as explained in the next section.
How to check Vishal Nirmiti IPO allotment status
The basis of allotment for this IPO was finalised on 7 Oct 2026. After that, you can check your status in any of these places.
- Registrar's website: open MUFG Intime India Private Limited's allotment page, choose Vishal Nirmiti and enter your PAN or application number.
- BSE: BSE's allotment status page. Select the issue type and name, then enter your application number and PAN.
- NSE: NSE's IPO bid verification page. Log in with your PAN to see your bid and allotment.
- Your bank or broker: the UPI mandate is either debited (shares allotted) or released (not allotted), usually by SMS.
IPO rules, including how retail shares are allotted by lottery when an issue is oversubscribed, are set by SEBI.
Vishal Nirmiti IPO listing performance
| Issue price | ₹220 |
|---|---|
| Listing price (BSE) | ₹215 |
| Listing gain | −2.27% |
| Current price 13 Nov 2026, 10:32 am IST | ₹120.77 |
| Change from issue price | −45.1% |
Vishal Nirmiti IPO FAQs
When does the Vishal Nirmiti IPO open and close?
This IPO was open for bidding from 30 Sep 2026 to 5 Oct 2026.
What is the price band and lot size of the Vishal Nirmiti IPO?
The price band is ₹208–220 per share and one lot is 68 shares.
What is the minimum investment in the Vishal Nirmiti IPO?
The minimum investment is one lot of 68 shares, which costs ₹14,960 at the top of the price band. Retail investors can apply for up to 13 lots (₹1,94,480).
When is the Vishal Nirmiti IPO allotment date and how do I check my status?
The basis of allotment was finalised on 7 Oct 2026. You can check your allotment status on the website of the registrar, MUFG Intime India Private Limited, using your PAN or application number, or on the BSE and NSE websites.
When will Vishal Nirmiti shares list?
Vishal Nirmiti listed on BSE and NSE on 8 Oct 2026. The listing price was ₹215, 2.3% below the issue price.
Who are the lead managers and registrar of the Vishal Nirmiti IPO?
The registrar is MUFG Intime India Private Limited.
How many times has the Vishal Nirmiti IPO been subscribed?
This IPO was subscribed 1.68 times overall. Figures as of 13 Oct 2026, 2:32 pm IST.