The Vishal Nirmiti IPO, a significant event in the civil engineering and infrastructure sector, is set to conclude on October 5, 2026. This initial public offering includes a fresh issue worth ₹145 crore and an offer for sale (OFS) of ₹33 crore by the promoter, Vaman Prestressing Company. Investors and market watchers are keenly awaiting the subscription status and allotment details as the bidding period comes to an end.
- The IPO subscription stood at 57% by Day 2.
- Qualified Institutional Buyers (QIBs) subscribed 96% of their quota.
- Retail Individual Investors (RIIs) subscribed 47% of their portion.
- Non-Institutional Investors (NIIs) booked 80% of their allocation.
- The basis of allotment is expected to be finalized on October 6, 2026.
- Listing on stock exchanges is scheduled for October 8, 2026.
What is the current subscription status of the Vishal Nirmiti IPO?
As of the second day of bidding, the Vishal Nirmiti IPO was subscribed at 57%. The company received bids for 48,35,208 shares against the total offer of 84,71,153 shares. This data reflects the interest level among different investor categories and indicates moderate demand as the IPO approaches its closing date.
How have different investor categories participated in the IPO?
The Qualified Institutional Buyers (QIBs) segment showed strong participation with a 96% subscription rate. Retail Individual Investors (RIIs) subscribed to 47% of their allocated portion, indicating cautious interest from individual investors. Non-Institutional Investors (NIIs) booked 80% of their quota, demonstrating solid engagement from this group.
What are the key details of the IPO pricing and structure?
The IPO price band was set between ₹208 and ₹220 per share. The offer comprises a fresh issue of ₹145 crore, which will help Vishal Nirmiti fund working capital needs, repay term loans, and support general corporate purposes. Additionally, there is an offer for sale worth ₹33 crore by the promoter, Vaman Prestressing Company.
What does Vishal Nirmiti do as a company?
Vishal Nirmiti operates in the civil engineering, manufacturing, and construction sectors. The company specializes in manufacturing pre-stressed concrete sleepers for railways and pre-cast and pre-stressed concrete products for various applications. It also fabricates and erects mild steel pipes, MS liners, and penstock pipes used in pumped storage projects.
Furthermore, Vishal Nirmiti provides engineering, procurement, infrastructure, and construction (EPIC) services for railway projects and other civil engineering, irrigation, and infrastructure development initiatives. Its operations span sectors such as railways, renewable power, and industrial development.
When will the IPO allotment and listing occur?
The basis of allotment for the Vishal Nirmiti IPO is expected to be finalized on Tuesday, October 6, 2026. Following this, the shares will be listed on stock exchanges on Thursday, October 8, 2026. Investors who have applied for the IPO should monitor these dates closely to track their allotment status and prepare for trading.
Frequently Asked Questions
Q: When does the Vishal Nirmiti IPO close?
A: The IPO closes on Monday, October 5, 2026.
Q: What is the price band for the IPO?
A: The price band is set between ₹208 and ₹220 per share.
Q: How will the company use the funds raised from the IPO?
A: The fresh issue proceeds will be used for working capital, debt repayment, and general corporate purposes.
Q: When will the IPO allotment be finalized?
A: The basis of allotment is expected on October 6, 2026.
Q: When will the shares be listed?
A: Listing is scheduled for October 8, 2026.
