
Vishal Nirmiti IPO
OpenMainboardBidding:Sep 30, 2026 – Oct 5, 202610:00 AM – 5:00 PM
IPO Details
IPO Details
Key terms of the offer — price band, lot size, issue size, and important IPO dates.
Issue price₹208-220 per equity share
Cut-off price₹220 per equity share
Lot size68 shares
Face value₹10 per equity share
Min investment₹14,960(68 shares)
Issue size₹178 Cr
Total issue size80,90,909 shares(up to ₹178 Cr)
Fresh issue65,90,909 shares(up to ₹145 Cr)
Offer for sale (OFS)15,00,000 shares(up to ₹33 Cr)
Listing atBSE,NSE
Listing dateOct 8, 2026
RegistrarMUFG Intime India Private Limited
Lead manager(s)Saffron Capital Advisors Pvt.Ltd.
IPO Timeline
Timeline
Displays the complete IPO schedule, including the issue opening and closing dates, basis of allotment, refund initiation, share credit to Demat accounts, and the expected listing date on the stock exchanges.
Bidding StartsCompleted
Sep 30, 2026Bidding EndsIn progress
Oct 5, 2026Allotment Upcoming
Oct 6, 2026ListingUpcoming
Oct 8, 2026IPO Documents
IPO Documents
Provides access to the official offer documents filed by the company with SEBI, including the RHP and DRHP.
Application Wise Breakup (Approx.)
Application Wise Breakup (Approx.)
Shows the number of applications received against the reserved category size, indicating how many times each investor category was subscribed by application count.
| Category | Reserve (Shares) | Applied (No. of Applications) | Times Folded |
|---|---|---|---|
| QIBs | — | — | — |
| NIIs | — | — | — |
| BNIIs (>10L) | — | 1 | — |
| SNIIs (<10L) | — | 16 | 0.02x |
| Individual | — | 4,341 | 0.05x |
| Total | — | — | — |
Total Applications4,359 approx.
Market Lot Size
IPO Lot Size
Shows the application lots, shares, and investment amount required for each IPO category.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 68 | ₹14,960 |
| Retail(max) | 13 | 884 | ₹1,94,480 |
| sHNI(min) | 14 | 952 | ₹2,09,440 |
| sHNI(max) | 66 | 4,488 | ₹9,87,360 |
| bHNI(min) | 67 | 4,556 | ₹10,02,320 |
IPO Reservation
IPO Reservation
Shows the number of shares reserved for each investor category, the percentage of the total issue allocated to each category, and the maximum number of allottees where applicable.
| Investor Category | Shares Offered | Percentage | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 80,909 | 1% | — |
| NII (HNI) Shares Offered | 23,46,364 | 29% | — |
| bHNI > ₹10L | 15,64,136 | 19.5% | 1,643 |
| sHNI < ₹10L | 7,82,544 | 9.5% | 822 |
| Retail Shares Offered | 56,63,636 | 70% | 83,289 |
Subscription Details (No. of Shares)
Subscription Details (No. of Shares)
Shows the subscription received from each investor category during the IPO.
| Category | Offer (Shares) | Applied (Shares) | Subscription (times) |
|---|---|---|---|
| QIBs | — | 80,920 | 1x |
| NIIs | — | 22,100 | 0.01x |
| BNIIs (>10L) | — | 4,692 | 0x |
| SNIIs (<10L) | — | 17,408 | 0.02x |
| Individual | — | 3,58,564 | 0.06x |
| Total | — | 4,61,584 | 0.06x |
Total Applications4,359 approx.
Subscription Details (In Crores)
Subscription Details (In Crores)
Shows the subscription amount received from each investor category during the IPO, expressed in ₹ Crores.
| Category | Offer | Applied | Subscription (times) |
|---|---|---|---|
| QIBs | — | ₹ 1.78 Cr | 1x |
| NIIs | — | ₹ 0.49 Cr | 0.01x |
| BNIIs (>10L) | — | ₹ 0.10 Cr | 0x |
| SNIIs (<10L) | — | ₹ 0.38 Cr | 0.02x |
| Individual | — | ₹ 7.89 Cr | 0.06x |
| Total | — | ₹ 10.15 Cr | 0.06x |
Key Performance Indicators (KPI)
Key Performance Indicators (KPI)
Shows key financial ratios used to evaluate the company's performance and financial health.
| Metric | Value |
|---|---|
| EPS (Pre IPO) | 12.61 |
| EPS (Post IPO) | 9.46 |
| P/E (Pre IPO) | 17.45x |
| P/E (Post IPO) | 23.26x |
| ROE | 33.67% |
| ROCE | 28.02% |
| Debt to Equity | 1.01 |
| RoNW | 33.87% |
| PAT Margin | 7.37% |
| Price to Book Value | 5.04x |
| Market Cap (₹ Cr) | 580.6 |
Company Financials
Company Financials
Shows the company's financial statements across different reporting periods.
| Particulars (₹ Cr) | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Assets | 334.92 | 296.61 | 242.04 |
| Revenue | 344.13 | 324.86 | 247.93 |
| Profit After Tax | 24.98 | 23.64 | 3.45 |
| Net Worth | 86.34 | 61.12 | 38.12 |
| Reserves & Surplus | 66.98 | 59.76 | 36.76 |
| Total Borrowing | 87.42 | 88.05 | 91.75 |
About Vishal Nirmiti Limited
Company Contact Details
Company Contact Details
Provides the company's official contact information, including its address, email, phone number, and website.
Address
303, 17 Elphinstone House, Marzban Road, New Empire Cinema, Fort, Mumbai, Maharashtra, 400001
Phone
+91 20 27299915
Website
www.vishalnirmiti.comIPO Registrar
IPO Registrar
Provides the contact details of the registrar handling IPO allotment and investor queries.

Vishal Nirmiti IPO
OpenMainboardBidding:Sep 30, 2026 – Oct 5, 202610:00 AM – 5:00 PM
GMP Price
TBA
Subscription
0.06x
Min Investment
₹14,960
1 Lot = 68 Shares
Price Band
₹208 - ₹220
Share on
IPO Timeline
Timeline
Displays the complete IPO schedule, including the issue opening and closing dates, basis of allotment, refund initiation, share credit to Demat accounts, and the expected listing date on the stock exchanges.
Bidding StartsCompleted
Sep 30, 2026Bidding EndsIn progress
Oct 5, 2026Allotment Upcoming
Oct 6, 2026ListingUpcoming
Oct 8, 2026IPO Documents
IPO Documents
Provides access to the official offer documents filed by the company with SEBI, including the RHP and DRHP.