Vishal Nirmiti
· Mainboard · NSE, BSE
Price Band
₹208–220
Lot Size
68 shares
Issue Size
₹178 Cr
Min. Investment
₹14,960
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹222 — arithmetic, not a forecast
Subscription Status
Vishal NirmitiIPO: Overview & Key Facts
Vishal Nirmiti IPO is a Mainboard issue that listed on NSE, BSE on 8 October 2026. The price band is ₹208–₹220 per equity share, with a market lot of 68 shares. The total issue size is ₹178 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (68 shares), amounting to ₹14,960.
Vishal Nirmiti IPO GMP & Listing
The last grey market premium (GMP) reported for Vishal Nirmiti IPO before listing was ₹2, about 0.91% over the upper price band of ₹220, and informal quotes had eased over the sessions we recorded. The shares opened at ₹215 on listing day, 2.3% below the issue price of ₹220. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Vishal NirmitiIPO Subscription Status & Demand Analysis
On the latest figures we have, Vishal Nirmiti IPO was subscribed 1.77x overall — with QIB at 1.33x, NII at 1.89x, bNII at 1.79x, sNII at 2.09x, Retail at 1.73x, from about 1,24,338 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Vishal Nirmiti IPO Allotment & Listing
The registrar for this issue is MUFG Intime India Pvt. Ltd. (formerly Link Intime); the basis of allotment was finalised on 6 October 2026 and the shares listed on 8 October 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹220
Listed At
₹215
Current Price
₹135.54
Issue Objectives
- Funding working capital requirements of the Company
- Repayment and/ or pre-payment, in part or full of term loans
- General Corporate Purposes
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 80,908 | 1% |
| NII (HNI) | 23,46,364 | 29% |
| − bNII > ₹10L | 15,64,243 | 19.33% |
| − sNII < ₹10L | 7,82,121 | 9.67% |
| Retail | 56,63,637 | 70% |
- QIB0.8%
- NII (HNI)22.5%
- − bNII > ₹10L15.0%
- − sNII < ₹10L7.5%
- Retail54.3%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,960 |
| Retail (Max) | 13 | 884 | ₹1,94,480 |
| S-HNI (Min) | 14 | 952 | ₹2,09,440 |
| S-HNI (Max) | 66 | 4488 | ₹9,87,360 |
| B-HNI (Min) | 67 | 4556 | ₹10,02,320 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
12.61
EPS (Post IPO)
9.46
ROE
33.87%
P/E (Pre IPO)
17.45
P/E (Post IPO)
23.26
Market Cap
₹435.60 Cr.
Contact Details
Vishal Nirmiti Ltd. Address
- +91 9823877359
- ipo@vishalnirmiti.com
- https://www.vishalnirmiti.com/
Registrar Contact Details
MUFG Intime India Pvt. Ltd. (formerly Link Intime)
- +91 22 4918 6270
- ipo.helpdesk@linkintime.co.in
- https://linkintime.co.in
- C-101, 247 Park, LBS Marg, Vikhroli West, Mumbai – 400083
Frequently Asked Questions
Read our analysis
Vishal Nirmiti IPO: GMP, Price Band, Financials, Valuation & Review →
Key Dates
- Open Date
- 30 Sept 2026
- Close Date
- 05 Oct 2026
- Basis of Allotment
- 06 Oct 2026
- Listing Date
- 08 Oct 2026
Issue Details
- Registrar
- MUFG Intime India
- Exchange
- NSE, BSE