Vishal Nirmiti IPO allotment: How to check status online on NSE, BSE, MUFG Intime India

The basis of allotment of Vishal Nirmiti, a civil engineering, manufacturing and construction company, is expected to be finalised on Tuesday, October 6. The bid finalisation details will be available on the websites of the NSE, the BSE and MUFG Intime India.

The issue was subscribed 1.71 times, as it received bids for 1,44,46,804 shares compared to 84,71,153 shares on offer, according to the National Stock Exchange (NSE) data.

The non-institutional investors' (NIIs) quota was subscribed 1.81 times, while the retail individual investors' part was booked 1.67 times. The qualified institutional buyers (QIBs) category was subscribed 1.27 times.

The ₹178 crore initial public offering comprised a fresh issue of 65.91 lakh shares aggregating to ₹145 crore and an offer-for-sale (OFS) of 15 lakh shares valued at ₹33 crore by promoter Vaman Prestressing Company.

The objectives of the issue include funding working capital needs, loan repayments and general corporate purposes.

"Our company believes that listing will enhance our company’s corporate image, brand name and create a public market for its equity shares in India. It will also make future financing easier and affordable in case of expansion or diversification of the business," the firm said.

Vishal Nirmiti makes and deals in pre-stressed concrete (PSC) sleepers for railway, pre-cast and pre-stressed concrete products. It is also involved in the fabrication of mild steel (MS) pipes, MS liners and pre-stressed pipes for pumped storage projects.

Additionally, the firm provides engineering, procurement, infrastructure and construction services for railway infrastructure and various civil engineering, irrigation and infrastructure projects.

Vishal Nirmiti IPO allotment date and time

Vishal Nirmiti IPO allotment is likely to be finalised on Tuesday, October 6, by evening.

How to check Vishal Nirmiti IPO allotment status online on NSE

• Go to NSE's IPO allotment status website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick 'Equity & SME IPO bid details'
• Select 'VNL' from the select symbol dropdown
• Enter your PAN or application number
• Click on the 'Submit' button

Steps to check Vishal Nirmiti IPO allotment status online on BSE

• Open this page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• From the ‘Issue Name’ list, select 'Vishal Nirmiti Ltd'
• Add PAN details or IPO application number
• Press the ‘Search’ button

Vishal Nirmiti IPO allotment status online on MUFG Intime India; full steps

• Head to the registrar's IPO status page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Choose 'Vishal Nirmiti Limited' from the IPO names
• Add any one: PAN, Application No, DP/Client ID or Account No/IFSC
• Hit the ‘Submit’ button

Vishal Nirmiti IPO listing date and time

Shares of Vishal Nirmiti will be listed on the NSE and the BSE on Thursday, October 8, at 10 am.