Vishal Nirmiti IPO
Vishal Nirmiti opens for subscription on 30 Sept 2026 and closes on 5 Oct 2026, at a price band of ₹208 – ₹220 with a lot of 68 shares. Listing is expected on 8 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
30 Sept 2026
Closes
5 Oct 2026
Allotment
6 Oct 2026
Listing
8 Oct 2026
IPO details
| Price band | ₹208 – ₹220 |
|---|---|
| Lot size | 68 shares |
| Minimum investment | ₹14,960 |
| Issue size | ₹178 crore |
| Face value | ₹10 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 70% |
| EPS | ₹12.61 |
| RoNW | 33.87% |
Grey market premium (GMP)
Last reported GMP: ₹2 (0.9%), an unofficial estimated listing price near ₹222 or about ₹136 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 1.79 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 1× | 0.01× | 0.06× | 0.06× |
| Day 2 | 1× | 0.84× | 0.49× | 0.6× |
| Day 3 | 1.33× | 1.89× | 1.75× | 1.79× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 68 | ₹14,960 |
| Retail (max) | 13 | 884 | ₹1,94,480 |
| sHNI (min) | 14 | 952 | ₹2,09,440 |
| sHNI (max) | 66 | 4,488 | ₹9,87,360 |
| bHNI (min) | 67 | 4,556 | ₹10,02,320 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY23 | 270.58 | 266.65 | 3.01 |
| FY24 | 247.93 | 243.35 | 3.45 |
| FY25 | 324.86 | 293.72 | 23.64 |
| FY26 | 344.13 | 310.35 | 24.98 |
About Vishal Nirmiti
Incorporated in 1994, Vishal Nirmiti is one of the leading civil engineering, manufacturing, and construction companies that manufacture Pre-Stressed Concrete (PSC) sleepers for railways, pre-cast and pre-stressed concrete products, as well as fabrication and erection of Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects (PSPs).
The firm also offers EPC services for railway infrastructure, irrigation, and civil engineering projects, catering to various sectors such as railways, renewable power, and industrial infrastructure. Vishal Nirmiti has a pan-India presence across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka. Moreover, the firm is backed by experienced promoters and has over 4 years of industry experience.
Objects of the issue
- Funding Working Capital Requirements
- Repayment and/ or pre-payment, in part or full of term loans
- General Corporate Purpose
Allotment status and registrar
MUFG Intime India Pvt. Ltd. is the registrar. After 6 Oct 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91-22-4918 6270 · vishalnirmiti.ipo@in.mpms.mufg.com
Lead managers and offer documents
- Saffron Capital Advisors Pvt.Ltd.
Vishal Nirmiti IPO: FAQs
When does the Vishal Nirmiti IPO open and close?
The Vishal Nirmiti IPO opens on 30 Sept 2026 and closes on 5 Oct 2026.
What is the Vishal Nirmiti IPO price band?
The price band is ₹208 – ₹220 per share (face value ₹10).
What is the Vishal Nirmiti IPO lot size?
One lot is 68 shares, so the minimum investment is ₹14,960 at the upper price band.
When is the Vishal Nirmiti IPO allotment date?
Allotment is expected on 6 Oct 2026. Check the status on the registrar's site (MUFG Intime India Pvt. Ltd.) or the BSE/NSE allotment pages using your PAN.
When will Vishal Nirmiti shares list?
Listing is expected on 8 Oct 2026 on BSE, NSE.
What is the Vishal Nirmiti IPO GMP today?
The grey market premium was about ₹2 (0.9%) when this page was last updated, implying an unofficial estimated listing near ₹222. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.