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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesVishal Nirmiti’s IPO was subscribed 1.55× as of 2:34 p.m. IST on October 5, 2026, according to Goodreturns. That was an intraday snapshot, not a verified final subscription figure. Goodreturns also reported a ₹5 grey-market premium (GMP); against the ₹220 upper price band, that implies an unofficial ₹225 price and an arithmetic premium of about 2.27%—not a guaranteed listing gain.
Vishal Nirmiti IPO Day 3 subscription status
Goodreturns reported overall subscription of 1.55× at 2:34 p.m. IST on October 5, the final day of bidding. The report cautioned that bids could change before the issue closed. Treat 1.55× as a timestamped snapshot, not the final subscription total.
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The report’s category figures are inconsistent: its subscription section lists retail at 1.5×, NII at 1.7× and QIB at 1.8×, while an earlier introductory paragraph gives QIB as 1.08×. Other secondary pages also show conflicting totals and category figures. No authoritative final close figure is established by the available reports, so none should be substituted for the 1.55× intraday snapshot. Goodreturns’ October 5 report is the source for that timestamped snapshot; a m.Stock page contains conflicting numbers between its prose and table, while Economic Times’ IPO page shows an earlier September 30 snapshot.
What the ₹5 GMP and 2.27% figure mean
Goodreturns reported a GMP of ₹5 per share as of October 5. Adding that unofficial premium to the ₹220 upper price band gives an indicative price of ₹225. The implied premium is ₹5 ÷ ₹220, or approximately 2.27%. This is arithmetic based on a reported grey-market indication, not an exchange-confirmed price, a reliable forecast, or a promised return. Actual listing performance can differ.
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Issue terms and application amount
Goodreturns reported these offer details on October 5, 2026:
| Item | Reported detail |
|---|---|
| Issue size | ₹178 crore |
| Price band | ₹208–₹220 per share |
| Lot size | 68 shares |
| Minimum application at upper band | ₹14,960 for one 68-share lot at ₹220 per share |
| Fresh issue | 65.91 lakh shares, reported at ₹145 crore |
| Offer for sale | 15 lakh shares, reported at ₹33 crore |
The fresh issue and offer for sale are distinct components of the reported offer. An offer for sale consists of shares sold by existing shareholders; it does not itself raise fresh capital for the company.
Allotment and listing dates
Goodreturns reported the following schedule, with the listing date described as tentative. The dates below are the schedule reported for the 2026 issue, not confirmation that allotment or listing occurred:
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- Bidding: September 30 through October 5, 2026.
- Expected allotment: October 6, 2026.
- Tentative listing: October 8, 2026 on NSE and BSE.
The expected allotment date had passed by October 7, while the tentative listing date was still ahead. The cited report does not establish the outcome of either event.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to read the figures
- Subscription: 1.55× describes bids received relative to shares available at the stated time; because it was measured before bidding closed, it is not the final total.
- GMP: The ₹5 figure was an unofficial grey-market indication reported by Goodreturns, not a price set by NSE or BSE.
- Indicative premium: The 2.27% is calculated against the ₹220 upper band from the reported ₹5 GMP. It is not a realized or guaranteed return.
The NSE-hosted company information page identifies Vishal Nirmiti Limited; its September 29, 2025 draft red herring prospectus predates this IPO and does not verify the 2026 subscription or GMP figures.
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