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  5. Vishal Nirmiti IPO Day 3: Check subscription status and allotment date

Market News

Vishal Nirmiti IPO Day 3: Check subscription status and allotment date

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 05, 2026, 08:17 IST

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SUMMARY

Vishal Nirmiti IPO comprises a fresh issue of ₹145 crore and an offer for sale (OFS) of ₹33 crore by the promoter, Vaman Prestressing Company.

Vishal Nirmiti IPO will conclude on October 5. | Image: Shutterstock

Vishal Nirmiti IPO will conclude on October 5. | Image: Shutterstock

The initial public offering of civil engineering and infrastructure company Vishal Nirmiti will conclude on Monday, October 5. The subscription details for the final day of bidding will be available post 10 am.

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The issue was subscribed 57% so far until Day 2. It received bids for 48,35,208 shares compared to 84,71,153 shares on offer, according to the NSE data.

The quota for qualified institutional buyers received 96% subscription, while the portion for retail individual investors was subscribed 47%. The non-institutional investor portion was booked 80%.

The company has set a price band of ₹208 to ₹220 per share.

The public offer is a mix of a fresh issue of ₹145 crore and an offer for sale (OFS) of ₹33 crore by promoter Vaman Prestressing Company.

The net proceeds from the fresh issue will be used for funding working capital needs, debt clearance of term loans availed by the firm and general corporate purposes.

Vishal Nirmiti is a civil engineering, manufacturing and construction firm involved in the manufacturing and dealing of pre-stressed concrete sleepers for railways, pre-cast and prestressed concrete products for various applications and is also into the fabrication and erection of mild steel pipes, MS liners and penstock pipes for pumped storage projects. It also provides engineering, procurement, infrastructure and construction services for railway and various civil engineering, irrigation and infrastructure development projects across sectors like railways, renewable power and industrial sectors.

Vishal Nirmiti IPO allotment and listing date

The basis of allotment for Vishal Nirmiti is likely to be finalised on Tuesday, October 6. The listing on stock exchanges will occur on Thursday, October 8.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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