Vishal Nirmiti IPO
The Vishal Nirmiti IPO was a ₹178 crore mainboard issue (fresh issue and offer for sale), open for bidding from 30 Sep to 5 October 2026 at a price band of ₹208 to ₹220. The final issue price was ₹220. It was subscribed 1.71 times overall, and 1.67 times in the retail category. Shares listed on NSE and BSE on 8 October 2026 at ₹215.00, 2.3% below the issue price, and closed the first day at ₹204.25.
- Listing gain at open
- −2.3%₹215.00 vs ₹220
- Issue price
- ₹220Band ₹208 to ₹220
- Lot size
- 68 sharesMinimum ₹14,960
- Issue size
- ₹178 crore
- Subscribed
- 1.71xOverall
- Listed
- 8 Oct 2026NSE, BSE
Price and lots
Vishal Nirmiti IPO details
NSE issue details| Bidding dates | 30 Sep 2026 to 5 Oct 2026 |
| Listing date | 8 October 2026 |
| Price band | ₹208 to ₹220 |
| Final issue price | ₹220 |
| Face value | ₹10 per share |
| Lot size | 68 shares |
| Minimum investment | ₹14,960 (68 shares, our calculation) |
| Retail maximum | 13 lots (₹1,94,480), under ₹2 lakh (our calculation) |
| Issue size | ₹178 crore (our calculation from the NSE issue details) |
| Type of issue | Book Building, Fresh issue and offer for sale |
| Listed on | NSE and BSE |
| NSE symbol | VNL |
| BSE code | 544973 |
| ISIN | INE1O5L01025 |
| Lead managers | Saffron Capital Advisors Private Limited |
| Registrar | MUFG Intime India Private Limited |
Subscription and listing
Vishal Nirmiti IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs1.27x
- Non-institutional (NII)1.81x
- NII above ₹10 lakh1.71x
- NII ₹2 lakh to ₹10 lakh2.00x
- Retail1.67x
- Total1.71x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue price| NSE | BSE | |
|---|---|---|
| Open | ₹215.00 | ₹215.00 |
| High | ₹215.00 | - |
| Low | ₹204.25 | - |
| Close | ₹204.25 | ₹204.25 |
| Gain at open | −2.3% | −2.3% |
| Gain at close | −7.2% | −7.2% |
| Shares traded | 6,47,931 | - |
Latest: closed at ₹115.36 on NSE on 6 November 2026, −47.6% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Vishal Nirmiti IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Vishal Nirmiti IPO's subscription of 1.71 times ranks 92nd of 109, and its listing loss of 2.3% at open ranks 86th of 107. By issue size it ranks 89th. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains or the IPO calendar for October 2026.
Other mainboard IPOs listed in October 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Jio Platforms | 28 Oct 2026 | ₹1,119 | 22.19x | +21.4% |
| Paras Healthcare | 28 Oct 2026 | ₹693 | 2.23x | +3.9% |
| Bonfiglioli Transmissions | 23 Oct 2026 | ₹586 | 46.06x | 0.0% |
| Sahajanand Medical Technologies | 23 Oct 2026 | ₹344 | 14.20x | +7.9% |
| Tonbo Imaging | 23 Oct 2026 | ₹700 | 135.90x | +65.7% |
| Zetwerk | 23 Oct 2026 | ₹151 | 3.06x | +5.5% |
Allotment
Vishal Nirmiti IPO allotment status
- Open the registrar's pageMUFG Intime India Private Limited is the registrar. Open its allotment page.
- Select Vishal Nirmiti LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Vishal Nirmiti IPO FAQs
What was the Vishal Nirmiti IPO price band?
The price band was ₹208 to ₹220 per share and the final issue price was ₹220. The face value is ₹10 per share.
What was the Vishal Nirmiti IPO lot size?
One lot was 68 shares. The minimum investment at the issue price was ₹14,960. Retail investors could apply for up to 13 lots.
How many times was the Vishal Nirmiti IPO subscribed?
It was subscribed 1.71 times overall, as published by NSE. QIBs bid 1.27 times their quota, NIIs 1.81 times and retail investors 1.67 times.
What was the Vishal Nirmiti IPO listing price?
It opened at ₹215.00 on NSE and BSE on 8 October 2026, a loss of 2.3% over the issue price of ₹220 (our calculation). It closed the day at ₹204.25.
How do I check Vishal Nirmiti IPO allotment status?
MUFG Intime India Private Limited is the registrar. Select Vishal Nirmiti Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Vishal Nirmiti IPO a fresh issue or an offer for sale?
Fresh issue and offer for sale, as stated in the NSE issue details.
Who were the lead managers of the Vishal Nirmiti IPO?
Saffron Capital Advisors Private Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.