Vishal Nirmiti IPO Listing: Shares Debut at 2.27% Discount on NSE and BSE, Check Share Price Today
- October 8, 2026
- Posted by: Lakshit Sharma
- Category: News
Vishal Nirmiti lists at Rs 215 on NSE and BSE, down 2.27%. Issue price Rs 220. Subscribed about 1.7 times. Issue size Rs 178 Cr.
Quick Answer
The Vishal Nirmiti IPO listing today saw the stock debut at Rs 215 on both the NSE and the BSE, a 2.27 percent discount to its Rs 220 issue price. Anyone checking the Vishal Nirmiti share price today will find the railway sleeper maker listing well below expectations, after an IPO subscribed only about 1.7 times.
Vishal Nirmiti IPO Listing Today: The IPO closed subscription on 5 October 2026 at about 1.7 times overall. Here is a recap of the offer, the terms of the Vishal Nirmiti IPO listing, and how the stock traded once it opened on 8 October.
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Vishal Nirmiti IPO Listing: Issue Details
Vishal Nirmiti Limited raised Rs 178 crore, made up of a fresh issue of 65.91 lakh shares worth Rs 145 crore and an offer for sale of about Rs 33 crore by promoter Vaman Prestressing Company. The issue listed on both the NSE and the BSE on 8 October 2026. Bidding ran from 30 September to 5 October 2026, at a face value of Rs 10 per share and a price band of Rs 208 to Rs 220 per share.
| Particular | Detail |
|---|---|
| Allotment Date | 6 October 2026 |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Refund Initiation | 7 October 2026 |
| Issue Size | Rs 178 crore (80,90,909 shares) |
| Face Value | Rs 10 per share |
| Lot Size | 68 shares |
| Issue Price | Rs 220 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Listing Date | 8 October 2026 |
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Vishal Nirmiti IPO Listing Price and Performance
Shares of the Vishal Nirmiti IPO listing opened at Rs 215 on both the NSE and the BSE, a 2.27 percent discount to the Rs 220 issue price. Investors who received a lot of 68 shares lost about Rs 340 per lot, taking their Rs 14,960 investment to about Rs 14,620 at the listing price. The grey market premium had already shrunk sharply before listing, so the weak debut was not a surprise.
About the Vishal Nirmiti IPO
Vishal Nirmiti Limited, incorporated in 1994 and earlier known as Sejal Farms Private Limited, is a civil engineering, manufacturing and construction company whose main product is the pre stressed concrete sleeper used on railway tracks. Promoter and Chairman Brij B Tapadiya has more than 45 years of experience in the industry. Saffron Capital Advisors was the book running lead manager and MUFG Intime India is the registrar. Investors weighing the Vishal Nirmiti IPO listing should note that the business depends heavily on railway orders.
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Vishal Nirmiti Financials
Here is how the company has performed financially, useful context for anyone checking the Vishal Nirmiti share price today after the Vishal Nirmiti IPO listing.
| Year Ended | 31 Mar 2026 (Rs cr.) | 31 Mar 2025 (Rs cr.) | 31 Mar 2024 (Rs cr.) |
|---|---|---|---|
| Revenue from Operations | 338.68 | 318.52 | 242.88 |
| Profit After Tax | 24.98 | 23.64 | 3.45 |
Explanation
Revenue from operations rose about 6 percent in FY26 to Rs 338.68 crore, and profit after tax rose about 6 percent to Rs 24.98 crore. That follows a jump in FY25, when profit rose from just Rs 3.45 crore, so FY25 looks like the exception rather than the trend. At the upper price band the issue was valued at about 17.5 times FY26 earnings, which helps explain the muted Vishal Nirmiti IPO listing.
Grey market premium (GMP) is an unofficial, unregulated indicator for the Vishal Nirmiti IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data around the Vishal Nirmiti IPO listing can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What was the Vishal Nirmiti IPO listing price?
Ans. Vishal Nirmiti shares listed at Rs 215 on both the NSE and the BSE, a 2.27 percent discount to the Rs 220 issue price.
Was the Vishal Nirmiti IPO listing a premium or a discount?
Ans. It was a discount listing on both exchanges, well below expectations.
How much was the Vishal Nirmiti IPO subscribed?
Ans. The IPO was subscribed about 1.7 times overall by the close of bidding on 5 October 2026.
What is the issue price of the Vishal Nirmiti IPO?
Ans. The issue price was fixed at Rs 220 per share, the top of the Rs 208 to Rs 220 price band.
What is the lot size of the Vishal Nirmiti IPO?
Ans. The lot size was 68 shares, meaning a minimum retail investment of about Rs 14,960 at the upper price band.
Who is the registrar for the Vishal Nirmiti IPO?
Ans. MUFG Intime India Private Limited is the registrar.
What does Vishal Nirmiti do?
Ans. Vishal Nirmiti is a civil engineering, manufacturing and construction company whose main product is the pre stressed concrete sleeper used on railway tracks.
Where can I check the Vishal Nirmiti share price today?
Ans. You can check the Vishal Nirmiti share price today on the NSE and BSE, or through the Univest platform.
Should I hold shares after the Vishal Nirmiti IPO listing?
Ans. That depends on your own risk appetite and time horizon. Worth weighing the slowing growth and railway order dependence against the valuation before deciding whether to hold or book profit after the Vishal Nirmiti IPO listing.