{"id":278768,"date":"2026-09-30T01:04:40","date_gmt":"2026-09-29T19:34:40","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=278768"},"modified":"2026-09-30T01:04:40","modified_gmt":"2026-09-29T19:34:40","slug":"vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/","title":{"rendered":"Vishal Nirmiti IPO Day 1: Subscription Opens Today, 30 September 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Vishal Nirmiti IPO opens today, 30 Sep 2026, closes 5 Oct 2026. Price band Rs 208-220. Lot size 68 shares. Raising Rs 178cr, lists 8 Oct.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Vishal Nirmiti IPO opens for subscription today, 30 September 2026, and will remain open until 5 October 2026. Vishal Nirmiti Limited is a Pune-based manufacturer of precast and prestressed concrete products, including railway sleepers, and is raising about Rs 178 crore through a combination of fresh issue and offer for sale. The price band is set at Rs 208 to Rs 220 per share, with a lot size of 68 shares, and the shares are proposed to list on both BSE and NSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.<\/p>\n<\/p><\/div>\n<p>Vishal Nirmiti Limited, formerly known as Sejal Farms Private Limited and incorporated in 1994, has opened its IPO for subscription today, 30 September 2026. The Vishal Nirmiti IPO is a mainboard, book built issue worth about Rs 178 crore, comprising a fresh issue of about 65.91 lakh shares worth Rs 145 crore and an offer for sale of 15 lakh shares worth Rs 33 crore, and will remain open for bidding until 5 October 2026. The equity shares are proposed to be listed on both BSE and NSE.<\/p>\n<p>The company is engaged in civil engineering, manufacturing and construction activities, with a focus on manufacturing pre-stressed concrete sleepers for railways alongside other precast concrete products. Rs 75 crore of the fresh issue proceeds is earmarked for working capital and Rs 19 crore for debt repayment, with the balance for general corporate purposes.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=vishal-nirmiti-ipo-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Vishal_Nirmiti_IPO_Details\" title=\"Vishal Nirmiti IPO Details\">Vishal Nirmiti IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Vishal_Nirmiti_IPO_Quick_Facts\" title=\"Vishal Nirmiti IPO Quick Facts\">Vishal Nirmiti IPO Quick Facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Vishal_Nirmiti_IPO_Share_Reservation\" title=\"Vishal Nirmiti IPO Share Reservation\">Vishal Nirmiti IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Vishal_Nirmiti_IPO_Subscription_Status_Day_1\" title=\"Vishal Nirmiti IPO Subscription Status Day 1\">Vishal Nirmiti IPO Subscription Status Day 1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#How_to_Apply_for_the_Vishal_Nirmiti_IPO\" title=\"How to Apply for the Vishal Nirmiti IPO\">How to Apply for the Vishal Nirmiti IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#About_Vishal_Nirmiti_Limited\" title=\"About Vishal Nirmiti Limited\">About Vishal Nirmiti Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#What_is_the_Vishal_Nirmiti_IPO_subscription_status_on_Day_1\" title=\"What is the Vishal Nirmiti IPO subscription status on Day 1?\">What is the Vishal Nirmiti IPO subscription status on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#When_does_the_Vishal_Nirmiti_IPO_open_and_close\" title=\"When does the Vishal Nirmiti IPO open and close?\">When does the Vishal Nirmiti IPO open and close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#What_is_the_Vishal_Nirmiti_IPO_price_band_and_lot_size\" title=\"What is the Vishal Nirmiti IPO price band and lot size?\">What is the Vishal Nirmiti IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#What_is_the_issue_size_and_structure_of_the_Vishal_Nirmiti_IPO\" title=\"What is the issue size and structure of the Vishal Nirmiti IPO?\">What is the issue size and structure of the Vishal Nirmiti IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#What_is_the_Vishal_Nirmiti_IPO_GMP\" title=\"What is the Vishal Nirmiti IPO GMP?\">What is the Vishal Nirmiti IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#How_do_I_apply_for_the_Vishal_Nirmiti_IPO\" title=\"How do I apply for the Vishal Nirmiti IPO?\">How do I apply for the Vishal Nirmiti IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#When_will_the_Vishal_Nirmiti_IPO_be_allotted_and_listed\" title=\"When will the Vishal Nirmiti IPO be allotted and listed?\">When will the Vishal Nirmiti IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#What_does_Vishal_Nirmiti_Limited_do\" title=\"What does Vishal Nirmiti Limited do?\">What does Vishal Nirmiti Limited do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#How_will_Vishal_Nirmiti_use_the_IPO_proceeds\" title=\"How will Vishal Nirmiti use the IPO proceeds?\">How will Vishal Nirmiti use the IPO proceeds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/vishal-nirmiti-initial-public-offering-day-1-subscription-28-september-2026\/#Who_are_the_registrar_and_lead_manager_for_the_Vishal_Nirmiti_IPO\" title=\"Who are the registrar and lead manager for the Vishal Nirmiti IPO?\">Who are the registrar and lead manager for the Vishal Nirmiti IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_IPO_Details\"><\/span><strong>Vishal Nirmiti IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the Vishal Nirmiti IPO, including the price band, lot size and important dates.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>30 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>5 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 208 to Rs 220 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>68 shares<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 178 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE and NSE<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>6 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>8 October 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_IPO_Quick_Facts\"><\/span><strong>Vishal Nirmiti IPO Quick Facts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Particulars<\/th>\n<th>Snapshot<\/th>\n<\/tr>\n<tr>\n<td>Minimum retail investment<\/td>\n<td>Rs 14,960 (1 lot, 68 shares)<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>MUFG Intime India Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Saffron Capital Advisors Pvt Ltd<\/td>\n<\/tr>\n<\/table>\n<p>This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_IPO_Share_Reservation\"><\/span><strong>Vishal Nirmiti IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue follows the standard SEBI reservation framework for a book built mainboard issue, with allocations for qualified institutional buyers, non-institutional investors and retail individual investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_IPO_Subscription_Status_Day_1\"><\/span><strong>Vishal Nirmiti IPO Subscription Status Day 1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bidding for the issue has opened today, 30 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription Status, Day 1 (30 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>Bidding just opened, updating through the session<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>Bidding just opened, updating through the session<\/strong><\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Vishal_Nirmiti_IPO\"><\/span><strong>How to Apply for the Vishal Nirmiti IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 208 to Rs 220 band, in multiples of 68 shares.<\/li>\n<li>Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 5 October.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue on its opening day.<\/em><\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Vishal_Nirmiti_Limited\"><\/span><strong>About Vishal Nirmiti Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vishal Nirmiti Limited, a Pune-based civil engineering, manufacturing and construction company, primarily manufactures pre-stressed concrete sleepers for railways alongside other precast concrete products, ahead of the issue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has opened for bidding today, 30 September 2026, backed by an established precast concrete manufacturing business linked to railway infrastructure. Investors considering the issue should study the company financials and risk factors in the RHP on bseindia.com and nseindia.com, and apply only after independent due diligence.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vishal_Nirmiti_IPO_subscription_status_on_Day_1\"><\/span><strong>What is the Vishal Nirmiti IPO subscription status on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for bidding today, 30 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE and NSE as the day progresses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Vishal_Nirmiti_IPO_open_and_close\"><\/span><strong>When does the Vishal Nirmiti IPO open and close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue opened for subscription today, 30 September 2026, and will close on 5 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vishal_Nirmiti_IPO_price_band_and_lot_size\"><\/span><strong>What is the Vishal Nirmiti IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue price band is Rs 208 to Rs 220 per share, with a lot size of 68 shares, taking the minimum retail investment to about Rs 14,960 at the upper price band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_and_structure_of_the_Vishal_Nirmiti_IPO\"><\/span><strong>What is the issue size and structure of the Vishal Nirmiti IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is worth about Rs 178 crore, comprising a fresh issue of about 65.91 lakh shares worth Rs 145 crore and an offer for sale of 15 lakh shares worth Rs 33 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Vishal_Nirmiti_IPO_GMP\"><\/span><strong>What is the Vishal Nirmiti IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Vishal_Nirmiti_IPO\"><\/span><strong>How do I apply for the Vishal Nirmiti IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 208 to Rs 220 band, in multiples of 68 shares, then approving the UPI mandate before the daily cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Vishal_Nirmiti_IPO_be_allotted_and_listed\"><\/span><strong>When will the Vishal Nirmiti IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 6 October 2026, and the shares are tentatively scheduled to list on both BSE and NSE on 8 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Vishal_Nirmiti_Limited_do\"><\/span><strong>What does Vishal Nirmiti Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vishal Nirmiti Limited is engaged in civil engineering, manufacturing and construction activities, with a focus on manufacturing pre-stressed concrete sleepers for railways alongside other precast concrete products.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_Vishal_Nirmiti_use_the_IPO_proceeds\"><\/span><strong>How will Vishal Nirmiti use the IPO proceeds?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Vishal Nirmiti plans to use Rs 75 crore of the fresh issue proceeds for working capital requirements and Rs 19 crore for debt repayment, with the balance for general corporate purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_registrar_and_lead_manager_for_the_Vishal_Nirmiti_IPO\"><\/span><strong>Who are the registrar and lead manager for the Vishal Nirmiti IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> MUFG Intime India Pvt Ltd is the registrar for the issue, and Saffron Capital Advisors Pvt Ltd is the book running lead manager for the issue.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for bidding today, 30 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE and NSE as the day progresses.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue open and close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue opened for subscription today, 30 September 2026, and will close on 5 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue price band is Rs 208 to Rs 220 per share, with a lot size of 68 shares, taking the minimum retail investment to about Rs 14,960 at the upper price band.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue size and structure of the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is worth about Rs 178 crore, comprising a fresh issue of about 65.91 lakh shares worth Rs 145 crore and an offer for sale of 15 lakh shares worth Rs 33 crore.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. 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