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Vishal Nirmiti IPO Fully Subscribed on Final Day; Check Latest GMP
M
Moneycontrol•05-10-2026, 11:15
Vishal Nirmiti IPO Fully Subscribed on Final Day; Check Latest GMP
- •Vishal Nirmiti's initial public offering was fully subscribed 1.05 times by 10:30 am on October 5, the final day of bidding.
- •The IPO received bids for 88,54,756 shares against 84,71,153 shares on offer, with non-institutional investors subscribing 1.18 times and retail investors 99 percent.
- •The issue comprises a fresh issue of Rs 145 crore and an offer for sale of Rs 33 crore, with a price band of Rs 208-220 per share.
- •The Grey Market Premium (GMP) for Vishal Nirmiti IPO stood at Rs 20, or approximately 9 percent, over the upper end of the IPO price band on October 5.
- •Vishal Nirmiti, incorporated in 1994, specializes in civil engineering, manufacturing, and construction, including pre-stressed concrete sleepers and EPC services for railway and irrigation projects.
Key Questions Answered
On the final day of bidding on October 5, 2026, the Rs 178-crore Vishal Nirmiti IPO received 1.05 times subscription. The grey market premium (GMP) stood at Rs 20, or about 9 percent, over the upper end of the price band.
The price band was fixed at Rs 208-220 per share with a lot size of 68 shares, requiring a minimum retail investment of Rs 14,960. The IPO closed on October 5, 2026, with the allotment finalisation expected on October 6 and a tentative listing date of October 8.
Out of Rs 94 crore in net proceeds from the fresh issue, Vishal Nirmiti earmarked Rs 75 crore to fund working capital requirements and Rs 19 crore to repay or pre-pay term loans. The remaining funds will be used for general corporate purposes.
