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Vishal Nirmiti IPO

Upcoming
NSE Mainboard via aggregator

30 Sep – 5 Oct 2026

Expected Allotment 6 OctRefund 7 OctListing 8 Oct
Price band ₹208–₹220
GMP—
Subscribed —
Min to apply (retail) ₹14,960 68 shares, one lot at the cap

Latest update:

Price band ₹208–₹220 · Closes 5 Oct 2026 · Allotment 6 Oct 2026 (Confirmed) · Lists 8 Oct 2026 (Expected)

DRHP analysis is not available for this issue yet.

Vishal Nirmiti IPO offer structure

Fresh issue 81% Offer for sale 19%

Total: ₹178 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.

Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.

Vishal Nirmiti IPO: common questions

When does the Vishal Nirmiti IPO open and close?

The Vishal Nirmiti IPO is open from 30 Sep 2026 to 5 Oct 2026.

What is the Vishal Nirmiti IPO price band?

The price band is ₹208–₹220 per share.

What is the lot size and minimum investment for the Vishal Nirmiti IPO?

One lot is 68 shares, and a retail application must be at least one lot. That is about ₹14,960 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.

When are the Vishal Nirmiti IPO allotment and listing dates?

Not published yet. Derived from the close date on the usual timetable: allotment around 6 Oct 2026, refund/unblock around 7 Oct 2026 and listing around 8 Oct 2026. Treat these as estimates until the exchange confirms them.

How do I apply for the Vishal Nirmiti IPO?

Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. Bidding opens 30 Sep 2026. We do not recommend brokers and carry no broker links. How to apply, start to finish →

Sources & method

Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.

Grey-market premium (GMP) is unregulated.

Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →

How often do these actually open above the issue price?

Of the 525 mainboard IPOs that have listed on the NSE since 2003, 373 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.

See whether GMP has actually been right, issue by issue →