Stories
Vishal Nirmiti IPO Subscribed 3% on Day 1; Check GMP and Key Details
M
Moneycontrol•30-09-2026, 12:46
Vishal Nirmiti IPO Subscribed 3% on Day 1; Check GMP and Key Details
- •Vishal Nirmiti Ltd's IPO was subscribed 3% on its first day of bidding, with retail investors subscribing 4% of their reserved portion.
- •The IPO received bids for 2.24 lakh shares against 84.71 lakh shares on offer by 12:30 pm on Wednesday.
- •The company, specializing in civil engineering and construction, has set the IPO price band at Rs 208-220 per equity share.
- •The subscription period for the initial share sale runs from September 30 to October 5.
- •Proceeds from the IPO will be used for working capital, loan repayment, and general corporate purposes.
Key Questions Answered
The initial public offering of Vishal Nirmiti Ltd was subscribed 3 per cent on the first day of bidding on Wednesday, receiving bids for 2.24 lakh shares against 84.71 lakh shares on offer. The portion reserved for Retail Individual Investors (RIIs) saw a 4 per cent subscription.
The price band for the equity shares has been fixed at Rs 208 to Rs 220 per share. The initial share sale opened for subscription on September 30 and is scheduled to close on October 5.
Proceeds from the public issue are proposed to be utilized for funding working capital requirements, the repayment of loans, and general corporate purposes.
