Vishal Nirmiti Shares List at 2% Discount on NSE

Vishal Nirmiti made a subdued debut on the stock exchanges on Thursday, October 8, 2026, with its shares opening at ₹215, below the IPO issue price of ₹220. The shares listed at a 2.27% discount on both the NSE and BSE.

The ₹178.00 crore IPO, which was open for subscription from September 30 to October 5, attracted moderate investor participation and ended with an overall subscription of 1.71 times.

Vishal Nirmiti IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹178.00 crore
• Fresh Issue: Up to ₹145.00 crore 
• Offer for Sale (OFS): Up to ₹33.00 crore
• Face Value: ₹10 per equity share
• Price Band: ₹280 to ₹220 per share
• Lot Size: 68 shares
• Minimum Investment Amount (Retail Investor): ₹14,960 (68 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Saffron Capital Advisors Private Limited
• Registrar: MUFG Intime India Private Limited

Explore other Upcoming IPOs on BSE and NSE.

Vishal Nirmiti IPO Overall Subscription Status

[October 5, 2026, 7:00 P.M.]

About Vishal Nirmiti Limited

Vishal Nirmiti Limited operates in the civil engineering, manufacturing and construction sectors. Its manufacturing portfolio includes PSC railway sleepers and other precast and prestressed concrete products, while its services cover infrastructure and construction projects across railway, renewable energy, irrigation and industrial segments.

The company operates through two business segments: Manufacturing and Services. Its promoters, Brij B. Tapadiya and Ajay Bhagwandas Tapadiya, have over 45 years and 30 years of industry experience, respectively.

Key Financial Highlights 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.   

To read the RA disclaimer, please click here