Vishal Nirmiti IPO Subscription Status
Final figures at close of bidding: 8 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 1.33x |
| NII | 1.89x |
| sNII (₹2L–₹10L) | 2.1x |
| bNII (above ₹10L) | 1.79x |
| Retail (RII) | 1.75x |
| Total | 1.79x |
Bidding day 6
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1x | 0.02x | 0x | 0.06x | 0.06x |
| Day 2 | 1x | 0.32x | 1.1x | 0.49x | 0.6x |
| Day 3 | 1x | 0.32x | 1.1x | 0.49x | 0.6x |
| Day 4 | 1x | 0.32x | 1.1x | 0.49x | 0.6x |
| Day 5 | 1x | 0.32x | 1.1x | 0.49x | 0.6x |
| Day 6 | 1.33x | 2.1x | 1.79x | 1.75x | 1.79x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Vishal Nirmiti IPO ran across 6 recorded days: overall subscription stood at 0.06× at the close of day 1, read 0.6× at the end of day 2, read 0.6× at the end of day 3, read 0.6× at the end of day 4, read 0.6× at the end of day 5, and finished at 1.79× on day 6. On the final day it was non-institutional investors (NII) driving the book, at 1.89× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 6, when the overall multiple moved from 0.6× to 1.79×.
Category detail
Institutional demand closed at 1.33× of the QIB quota. Non-institutional investors came in at 1.89×, split 2.1× in the small-NII bucket (bids under ₹10 lakh) and 1.79× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 1.75× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 1.89× and qualified institutional buyers (QIB) at the bottom at 1.33×.
What the multiple means for allotment
A retail multiple of 1.75× means bids in the category outnumbered the shares set aside for it roughly 1.75 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 68 shares — ₹14,960 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Vishal Nirmiti IPO open and close?
- The Vishal Nirmiti IPO opens on 30 Sept 2026 and closes on 5 Oct 2026.
- How many times was the Vishal Nirmiti IPO subscribed?
- The Vishal Nirmiti IPO was subscribed 1.79 times in total across all investor categories.
- What is the reservation split in the Vishal Nirmiti IPO?
- Of the total shares offered, retail investors get 70%, QIBs 1%, non-institutional investors 29%.