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Vishal Nirmiti IPO Subscribed 1.71 Times on Final Day of Bidding
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News18•05-10-2026, 20:15
Vishal Nirmiti IPO Subscribed 1.71 Times on Final Day of Bidding
- •The initial public offering of Vishal Nirmiti Ltd was subscribed 1.71 times overall on the final day of bidding.
- •The non-institutional investors category saw a subscription of 1.81 times, while the retail portion was booked 1.67 times.
- •The Qualified Institutional Buyers quota was subscribed 1.27 times during the offering.
- •The company had fixed a price band of Rs 208 to 220 per equity share for the public offer.
- •Proceeds from the IPO will be utilized for funding working capital requirements, loan repayments, and general corporate purposes.
Key Questions Answered
The initial public offering of Vishal Nirmiti Ltd was subscribed 1.71 times on the final day of bidding on Monday, receiving bids for 1,44,46,804 shares against 84,71,153 shares on offer.
Vishal Nirmiti Ltd fixed a price band of Rs 208-220 per equity share for its public offer. The total issue size stands at Rs 178 crore at the upper limit of the price band, comprising a fresh issue of up to 69.71 lakh equity shares aggregating to Rs 145 crore and an offer-for-sale of 15 lakh shares worth Rs 33 crore.
Proceeds from the initial public offering are proposed to be utilised for funding working capital requirements, loan repayments, and general corporate purposes.
