Vishal Nirmiti IPO Subscription Status Day 3: Issue Subscribed 1.79 Times

Authored By HDFC SKY | Published at: Oct 5, 2026 05:52 PM IST

Vishal Nirmiti IPO Day 3 subscription status reached 1.79 times, with retail at 1.75x, NII at 1.89x and QIB at 1.33x as of October 5, 2026.

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Mumbai, October 05: Vishal Nirmiti IPO remained open for subscription on its third and final day on October 5, 2026. The bookbuilding issue opened on September 30 and closed on October 5. The IPO comprises a fresh issue of 65.90 lakh shares and an offer for sale of 15 lakh shares, taking the total issue size to 80,90,909 shares aggregating up to ₹178 crore. The price band is fixed at ₹208 to ₹220 per share. The lot size is 68 shares, with retail investors required to apply for a minimum of one lot. At the upper price band, the minimum investment is ₹14,960.

Vishal Nirmiti IPO Day 3 Subscription Status

As of 5:08 PM on October 5, 2026, the Vishal Nirmiti IPO was subscribed 1.79 times overall. The NII category was subscribed 1.89 times, while the retail portion was subscribed 1.75 times. The QIB category, excluding the anchor portion, was subscribed 1.33 times.

Subscription Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	80,909	1,07,372	1.33x
NII/HNI	23,46,364	44,45,908	1.89x
Retail	56,63,636	98,93,456	1.75x
Total	80,90,909	1,44,46,736	1.79x

The cumulative subscription data is based on figures available as of 5:08 PM on October 5, 2026.

Vishal Nirmiti Day-wise Subscription Summary

The IPO was subscribed 0.06 times on Day 1 and 0.60 times on Day 2. By the third and final day, the overall subscription had risen to 1.79 times, with all three main investor categories crossing the one-time subscription mark.

Date	QIB (Ex Anchor)	NII	bNII (>₹10L)	sNII (<₹10L)	Retail	Total
September 30, 2026 (Day 1)	1.00x	0.01x	0.00x	0.02x	0.06x	0.06x
October 1, 2026 (Day 2)	1.00x	0.84x	1.10x	0.32x	0.49x	0.60x
October 5, 2026 (Day 3)	1.33x	1.89x	1.79x	2.10x	1.75x	1.79x

Vishal Nirmiti IPO Timeline

IPO Milestone	Date
Issue Open Date	September 30, 2026
Issue Close Date	October 5, 2026
Basis of Allotment Date	October 6, 2026
Initiation of Refunds	October 7, 2026
Credit of Shares	October 7, 2026
Listing Date	October 8, 2026

Brief Overview Of The Vishal Nirmiti IPO

Vishal Nirmiti IPO is a ₹178 crore bookbuilding issue comprising a fresh issue of 65.90 lakh shares aggregating up to ₹145 crore and an offer for sale of 15 lakh shares aggregating up to ₹33 crore. The IPO opened for subscription on September 30, 2026, and closed on October 5, 2026. The price band is ₹208 to ₹220 per share, with a lot size of 68 shares. Retail investors are required to apply for a minimum of one lot, or 68 shares, amounting to ₹14,960 at the upper price band. The IPO is scheduled to list on both the NSE and BSE, with the tentative listing date set for 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.

Source:

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

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