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  5. Vishal Nirmiti shares list at 2% discount on NSE, BSE; here's how much investors lost per lot

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Vishal Nirmiti shares list at 2% discount on NSE, BSE; here's how much investors lost per lot

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

2 min read | Updated on October 08, 2026, 09:52 IST

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SUMMARY

Vishal Nirmiti IPO sought to raise ₹178 crore through a fresh issuance of 65.91 lakh shares worth ₹145 crore and a ₹ 33 crore offer-for-sale (OFS) component by promoter Vaman Prestressing Company.

Vishal Nirmiti IPO was booked 1.71 times. | Image: Shutterstock

Vishal Nirmiti IPO was booked 1.71 times. | Image: Shutterstock

Shares of Vishal Nirmiti, a civil engineering, manufacturing and construction company, started trading at ₹215 per unit on the National Stock Exchange and the BSE on Thursday, October 8.

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This reflects a discount of 2.27% from the IPO issue price of ₹220.

Vishal Nirmiti share price: Here's how much investors lost per lot

A lot consists of 68 shares and costs ₹14,960. Investors who received the Vishal Nirmiti IPO allotment lost ₹340 per lot, taking the value of their investment to ₹14,620, as per the listing price on the NSE.

The initial share sale was booked 1.71 times, as it got bids for 1,44,46,804 shares versus 84,71,153 shares on offer, as per the BSE data.

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

The initial public offering sought to raise ₹178 crore through a fresh issuance of 65.91 lakh shares worth ₹145 crore and a ₹ 33 crore offer-for-sale (OFS) component by promoter Vaman Prestressing Company.

The funds raised will be used for loan clearance, working capital requirements and corporate general purposes.

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"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 Ltd, incorporated in 1994, makes and deals in pre-stressed concrete sleepers for railways, pre-cast and pre-stressed concrete products. It is also engaged in the fabrication of mild steel pipes, mild steel liners and pre-stressed pipes for pumped storage projects.

Furthermore, the firm provides engineering, procurement, infrastructure and construction (EPIC) services for railway infrastructure and various civil engineering, irrigation and infrastructure projects.

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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