Markets / IPO / Vishal Nirmiti

Vishal Nirmiti IPO

Updated 17:39

Mainboard IPO on NSE and BSE · Civil Construction

Status

Listed

Price band

₹208–220

Lot size

68 shares · ₹14,960

Subscribed

1.71×

How it listed

Issue price

₹220

Listing price (open)

₹215.00 -2.27%

First-day close

₹204.25 -7.16%

Price now

₹115.36 -47.56%

Listing day	8 Oct 2026
Open / high / low / close	₹215.00 / ₹215.00 / ₹204.25 / ₹204.25
Shares traded on NSE	6,47,931
Market value at the listing-day close	₹404 cr

Closing prices since listing: 26 Oct ₹104.31, 27 Oct ₹93.88, 28 Oct ₹98.57, 29 Oct ₹103.34, 30 Oct ₹104.13, 2 Nov ₹100.96, 3 Nov ₹99.66, 4 Nov ₹104.64, 5 Nov ₹109.87, 6 Nov ₹115.36.

Vishal Nirmiti share price, live chart and technicals →

Key dates

Bidding opens	30 Sept 2026
Bidding closes	5 Oct 2026
Allotment	6 Oct 2026
Refunds and shares in demat	7 Oct 2026
Listing	8 Oct 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	84,710	1.00%	–
HNI / NII	24,56,635	29.00%	–
HNI, above ₹10 lakh	16,37,757	19.33%	359
HNI, ₹2–10 lakh	8,18,878	9.67%	860
Retail	59,29,808	70.00%	87,203

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	68	₹14,960
Retail (maximum)	13	884	₹1,94,480
Small HNI (minimum)	14	952	₹2,09,440
Small HNI (maximum)	66	4,488	₹9,87,360
Big HNI (minimum)	67	4,556	₹10,02,320

At ₹220 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 2

Retail allotments available

87,203 × one lot

Retail portion subscribed

1.67×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	84,710	1,07,372	1.27×
HNI / NII	24,56,635	44,45,908	1.81×
HNI, above ₹10 lakh	16,37,757	28,04,184	1.71×
HNI, ₹2–10 lakh	8,18,878	16,41,724	2.00×
Retail	59,29,808	98,93,524	1.67×
Total	84,71,153	1,44,46,804	1.71×

NSE and BSE bids together, as of 5 Oct 2026 19:00.

Demand at each price

Top price ₹220	39.37 lakh shares	27.2%
Cut-off final price, whatever it is; mostly retail	89.64 lakh shares	61.9%
Lower prices ₹208–219	15.71 lakh shares	10.9%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Financials and valuation

	At issue price	Now
Market value	₹436 cr	₹228 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	–

From results the company filed with NSE (latest period to 30 Jun 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Civil Construction

Company	Listed	Subscribed	On listing	Since IPO
Ravita Engineering Services SME	22 Oct	–	0.00%	-7.99%
Swastika Infra	30 Sept	7.60×	+8.11%	+5.43%
LCC Projects	17 Sept	48.51×	+29.45%	-7.68%
Annu Projects	2 Sept	2.93×	-27.27%	-61.41%
Om Power Transmission	17 Apr	3.33×	+6.29%	-28.10%
Srinibas Pradhan Constructions SME	13 Mar	–	+2.09%	+118.16%
E TO E Transportation Infrastructure SME	2 Jan	–	+90.00%	+52.50%
Solarworld Energy Solutions	30 Sept	65.01×	+10.68%	-68.95%

IPO details

Price band	₹208–220
Final issue price	₹220
Lot size	68 shares
Minimum investment	₹14,960 (1 lot)
Market	NSE mainboard
Issue type	Book Building
Face value	₹10 per Equity Share
Industry	Civil Construction
Issue size	₹178.00 crore (about 80.91 lakh shares) · Fresh issue + offer for sale: fresh ₹145.00 cr, offer for sale ₹33.00 cr
ISIN	INE1O5L01025
Registrar	MUFG Intime India Private Limited Helpline: +91 810 811 4949, vishalnirmiti.ipo@in.mpms.mufg.com
Lead managers	Saffron Capital Advisors Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 6 Oct 2026. Check it on the registrar's page (MUFG Intime India Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Vishal Nirmiti IPO price band and lot size?

The price band is ₹208–220 per share, and one lot is 68 shares (₹14,960 at the upper price).

When is the Vishal Nirmiti IPO allotment date?

Allotment was finalised on 6 Oct 2026, the next working day after bidding closed on 5 Oct 2026.

How many times was the Vishal Nirmiti IPO subscribed?

In total 1.71 times, on NSE and BSE together; retail 1.67 times.

What is the Vishal Nirmiti IPO listing date?

It listed on 8 Oct 2026 on NSE and BSE.

What is the chance of getting Vishal Nirmiti IPO shares?

At least 1 in 2 retail applicants got the minimum lot: 87,203 retail allotments with the retail portion subscribed 1.67 times. Winners are picked by lottery.

What was the Vishal Nirmiti listing gain?

It opened at ₹215.00 against an issue price of ₹220, a loss of 2.27%. It is now down 47.56% from the issue price.