Vishal Nirmiti IPO Subscription Status Last Day: Overall Subscription Reaches 1.79x
Last Updated: 5th October 2026 - 07:35 pm
Vishal Nirmiti IPO subscription reached 1.79 times on the last day of bidding, as of 5:08 PM on October 5, 2026. The public issue received bids for 1,44,46,736 shares against 80,90,909 shares available for subscription.
The NII category recorded the highest subscription among the main investor categories at 1.89 times, followed by Individual Investors at 1.75 times. The QIB portion was subscribed 1.33 times.
Subscription Status of Vishal Nirmiti IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 30) | 1.00x | 0.01x | 0.06x | 0.06x |
| Day 2 (October 1) | 1.00x | 0.84x | 0.49x | 0.60x |
| Last Day (October 5) | 1.33x | 1.89x | 1.75x | 1.79x |
Here are the subscription details for Vishal Nirmiti IPO on the last day, as of 5:08 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.33x | 80,909 | 1,07,372 | ₹2.36 crore |
| NII | 1.89x | 23,46,364 | 44,45,908 | ₹97.81 crore |
| Individual | 1.75x | 56,63,636 | 98,93,456 | ₹217.66 crore |
| Total | 1.79x | 80,90,909 | 1,44,46,736 | ₹317.83 crore |
Key Highlights – Day 3
- Vishal Nirmiti IPO closed with an overall subscription of 1.79 times, compared with 0.60 times at the end of Day 2.
- The NII category recorded the highest subscription at 1.89 times. Within the category, applications below ₹10 lakh were subscribed 2.10 times, while applications above ₹10 lakh were subscribed 1.79 times.
- Individual Investors subscribed 1.75 times on the final day, while the QIB portion increased from 1.00 time on Day 2 to 1.33 times.
Key Highlights – Day 2
- Vishal Nirmiti IPO was subscribed 0.60 times overall at the end of Day 2 on October 1.
- The QIB portion was fully subscribed at 1.00 time, while NII subscription had risen to 0.84 times.
- Individual Investor subscription stood at 0.49 times, compared with 0.06 times on the opening day.
Key Highlights – Day 1
- The IPO recorded overall subscription of 0.06 times on Day 1.
- QIBs were subscribed 1.00 time, while Individual Investors subscribed 0.06 times and NIIs subscribed 0.01 times.
- Most of the incremental demand from NII and Individual Investors therefore came during the subsequent bidding sessions.
About Vishal Nirmiti
Vishal Nirmiti Limited operates across construction, civil engineering and manufacturing-related activities, with exposure to cement and building-material businesses. Its operations are linked to infrastructure, construction and project execution.
The ₹178 crore mainboard IPO comprises a fresh issue of approximately ₹145 crore and an offer for sale of approximately ₹33 crore. The price band is ₹208 to ₹220 per share, and the company's shares are proposed to list on BSE and NSE.
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