Exchanges
BSE, NSE
Industry
Civil Construction
Issue
Book building

Vishal Nirmiti IPO

₹204.25

−7.16% on listing

Listing-day close · NSE · 8 Oct 2026 · issue price ₹220

Vishal Nirmiti’s ₹178 crore IPO was priced at ₹220 a share. It listed on the NSE on 8 Oct 2026 and closed its first day at ₹204.25, down 7.16% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹178 Cr
Fresh issue
₹145 Cr
Offer for sale
₹33 Cr
Lot size
68 shares
Minimum investment
₹14,960
Face value
₹10
Registrar
MUFG Intime India

Subscription

Vishal Nirmiti IPO subscription by investor category
CategoryShares offeredTimes subscribed
Qualified institutions (QIB)80,9081.33×
Non-institutional (NII)23.46 L1.89×
Retail56.64 L1.75×
Total80.91 L1.79×

At the close of the issue, excluding anchor investors.

Financials and valuation

Market cap (post-issue)
₹581 Cr
P/E (post-issue)
23.3
EPS (post-issue)
₹9.46
Price to book
5.0
ROE
33.67%
ROCE
28.02%
Debt to equity
1.01
EBITDA margin
15.10%
PAT margin
7.37%
Promoter holding
73.42% → 49.40%

Financials as of 31 Mar 2026, from the offer documents.

Listing

Listing date
8 Oct 2026
Issue price
₹220
Open
₹215.00
High
₹215.00
Low
₹204.25
Close
₹204.25

Listing day on the NSE. The close was −7.16% on the issue price.

FAQs

When did the Vishal Nirmiti IPO open and close?

It opened on 30 Sep 2026 and closed on 5 Oct 2026.

What was the Vishal Nirmiti IPO price?

The price band was ₹208–220 a share. The final issue price was ₹220.

What is the lot size and minimum investment?

One lot is 68 shares, ₹14,960 at ₹220 a share. Retail investors apply in whole lots.

How much did Vishal Nirmiti raise?

₹178 crore: ₹145 crore of new shares and ₹33 crore offered by existing shareholders.

How many times was the Vishal Nirmiti IPO subscribed?

1.79 times overall: qualified institutions 1.33 times, non-institutional 1.89 times, retail 1.75 times.

How did Vishal Nirmiti list?

It listed on the NSE on 8 Oct 2026 at ₹215.00 and closed the day at ₹204.25, down 7.16% on the ₹220 issue price.

Who is the registrar of the Vishal Nirmiti IPO?

MUFG Intime India handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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