Vishal Nirmiti IPO Subscription Day 1: 0.06 Times

Mumbai, September 30: Vishal Nirmiti IPO was subscribed 0.06 times by the end of Day 1 of bidding on Wednesday, September 30, 2026. The IPO received bids for 4,62,332 shares against 80,90,909 shares offered to investors.

The retail portion was subscribed 0.06 times, while the NII category was subscribed 0.01 times. The QIB (Ex Anchor) category was subscribed 1.00 times on the first day.

The IPO will remain open for subscription until October 5, 2026.

Vishal Nirmiti IPO Subscription Status

The retail category received bids for 3,59,312 shares against 56,63,636 shares offered, resulting in a subscription of 0.06 times.

The NII category received bids for 22,100 shares against 23,46,364 shares available, taking the subscription to 0.01 times.

Within the NII segment, the bNII portion was subscribed 0.00 times, while the sNII portion was subscribed 0.02 times.

The QIB (Ex Anchor) category received bids for 80,920 shares against 80,909 shares offered, resulting in a subscription of 1.00 times.

Overall, the issue received bids for 4,62,332 shares against 80,90,909 shares offered, taking the overall subscription to 0.06 times.

The total amount of bids stood at ₹10.171 crore, calculated at the upper end of the IPO price band.

The issue had received 4,358 applications as of the latest update.

Day-wise Vishal Nirmiti IPO Subscription

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 30 (Day 1)	1.00x	0.01x	0.00x	0.02x	0.06x	0.06x

Vishal Nirmiti IPO Details

Vishal Nirmiti IPO is a ₹178 crore book-built issue comprising a fresh issue of 65.91 lakh shares aggregating to ₹145 crore and an offer for sale of 15 lakh shares aggregating to ₹33 crore.

The IPO has a price band of ₹208 to ₹220 per share. The lot size is 68 shares, making the minimum investment for a retail investor ₹14,960 at the upper end of the price band.

The IPO opened for subscription on September 30, 2026, and will close on October 5, 2026.

The shares are proposed to be listed on the BSE and NSE, with a tentative listing date of October 8, 2026.

Saffron Capital Advisors Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

Vishal Nirmiti IPO Issue Size

Particulars	Details
Total Issue Size	80,90,909 shares
Fresh Issue	65,90,909 shares
Fresh Issue Amount	₹145 crore
Offer for Sale	15,00,000 shares
Offer for Sale Amount	₹33 crore
Face Value	₹10 per share
Price Band	₹208 to ₹220
Lot Size	68 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh capital cum OFS
Listing Platform	BSE, NSE

Vishal Nirmiti IPO Reservation

Of the total issue size of 80,90,909 shares, 80,909 shares are allocated to QIBs, representing 1% of the total issue. Another 23,46,364 shares, or 29%, are reserved for NIIs, while 56,63,636 shares, or 70%, are reserved for retail investors.

Investor Category	Shares	% of Total Issue
QIB	80,909	1.00%
NII	23,46,364	29.00%
bNII (> ₹10L)	15,63,973	19.33%
sNII (< ₹10L)	7,82,391	9.67%
Retail	56,63,636	70.00%
Total	80,90,909	100.00%

Vishal Nirmiti IPO Lot Size

Investors can bid for a minimum of 68 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	68	₹14,960
Retail (Max)	13	884	₹1,94,480
S-HNI (Min)	14	952	₹2,09,440
S-HNI (Max)	66	4,488	₹9,87,360
B-HNI (Min)	67	4,556	₹10,02,320

Vishal Nirmiti IPO Allotment and Listing

The Vishal Nirmiti IPO will remain open for subscription until October 5, 2026.

The tentative allotment date is October 6, 2026. Refunds are scheduled for October 7, while shares are expected to be credited to successful applicants on the same day.

The IPO is tentatively scheduled to list on the BSE and NSE on October 8, 2026.

Vishal Nirmiti IPO Timeline

Event	Date
IPO Open	September 30, 2026
IPO Close	October 5, 2026
Allotment	October 6, 2026
Refund	October 7, 2026
Credit of Shares	October 7, 2026
Listing	October 8, 2026

About Vishal Nirmiti Ltd.

Incorporated in 1994, Vishal Nirmiti Limited, formerly Sejal Farms Private Limited, is a civil engineering, manufacturing and construction company primarily engaged in manufacturing and dealing in Pre-Stressed Concrete (PSC) sleepers for railways, pre-cast and pre-stressed concrete products, as well as fabrication and manufacture of Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects (PSPs).

Conclusion

Vishal Nirmiti IPO was subscribed 0.06 times on Day 1, with QIB (Ex Anchor) subscription at 1.00 times, retail subscription at 0.06 times and NII subscription at 0.01 times.

The IPO remains open for subscription until October 5, 2026. The tentative allotment is scheduled for October 6, followed by refunds and share credit on October 7. The tentative listing date is October 8, 2026.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=VNL&series=EQ&type=Active