IPO Listings Today, 8 October: Nityas Gems and Jewellery Lists at a 9% Premium and Hits the Upper Circuit While Vishal Nirmiti Lists at a 2.3% Discount, Gains and Losses Per Lot, Valuations, Subscription and What to Do Now

8 Oct: Nityas Gems listed Rs 82 (+9.3% vs Rs 75), upper circuit Rs 86.10. Vishal Nirmiti listed Rs 215 (-2.27% vs Rs 220), subscribed 1.71x.

Updated: 8 Oct 2026 • 1:09 pm

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IPO Listings Today, 8 October: Nityas Gems and Jewellery Lists at a 9% Premium and Hits the Upper Circuit While Vishal Nirmiti Lists at a 2.3% Discount, Gains and Losses Per Lot, Valuations, Subscription and What to Do Now

Quick Answer

IPO listings today were split: Nityas Gems and Jewellery listed at Rs 82 against its issue price of Rs 75, a premium of about 9.3%, and then hit the 5% upper circuit at about Rs 86.10, which is about 14.8% above the issue price, while Vishal Nirmiti listed at Rs 215 against Rs 220, a discount of about 2.27%. A lot of Nityas Gems (200 shares) would be worth about Rs 1,400 more at the listing price and about Rs 2,220 more at the upper circuit, while an allotted lot of Vishal Nirmiti (68 shares) lost about Rs 340 at the listing price, my calculations. The split follows the subscription, where Nityas Gems was bid 2.26 times with retail at 4.07 times, while Vishal Nirmiti drew only 1.71 times, and the valuations were close to fully priced at 19.4 times and 23.2 times FY26 earnings according to Anand Rathi. Allottees can decide using the stop-loss and horizon points below, and the next sessions will show whether Nityas Gems holds the circuit.

IPO listings today come in a weak market, with the Sensex down about 700 points, so the listing day gains and losses should be read with that backdrop. Both companies listed on the NSE and the BSE on Thursday after bidding from 30 September to 5 October.

If you were allotted shares or are weighing a buy, this article covers IPO listings today at a glance, the Nityas Gems listing at Rs 82 against Rs 75 (9.3%) and the Vishal Nirmiti listing at Rs 215 against Rs 220 (2.27% discount), IPO listing gains and losses per lot, the Rs 108.35 crore and Rs 178 crore issues and their subscription, valuations from Anand Rathi, the businesses, the strategy for allottees and non-allottees and the risks.

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Table of Contents

IPO Listings Today at a Glance: Nityas Gems vs Vishal Nirmiti

Item	Nityas Gems and Jewellery	Vishal Nirmiti
Issue price	Rs 75 (band Rs 70 to Rs 75)	Rs 220 (band Rs 208 to Rs 220)
Listing price	Rs 82 on NSE and BSE	Rs 215 on NSE and BSE
Listing gain or loss	Premium of about 9.3%	Discount of about 2.27%
Later move	Hit the 5% upper circuit near Rs 86.10, about 14.8% above issue	Not stated here
Issue size	About Rs 108.35 crore, all fresh	Rs 178 crore: fresh Rs 145 crore and offer for sale Rs 33 crore
Subscription	2.26 times	1.71 times
Lot size	200 shares, about Rs 15,000	68 shares, about Rs 14,960
Lead manager	Choice Capital Advisors	Saffron Capital Advisors

The table shows that the better-subscribed issue with strong retail demand listed higher, which is the common pattern in IPO listings today.

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IPO Listing Gains and Losses Per Lot in IPO Listings Today

Scenario	Nityas Gems, 200 shares	Vishal Nirmiti, 68 shares
At the listing price	Gain of about Rs 1,400 (Rs 7 a share)	Loss of about Rs 340 (Rs 5 a share)
At the 5% upper circuit	Gain of about Rs 2,220 (Rs 11.10 a share)	Not applicable
Percentage at listing	About 9.3%	About minus 2.27%

These are my calculations from the issue and listing prices and do not include brokerage or taxes, and the closing price may differ from the listing price in IPO listings today.

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The Nityas Gems Listing: The Best of IPO Listings Today

Point	Detail
Business	Designs, manufactures and sells lab-grown diamond-studded gold jewellery; B2B supply to organised retailers, standalone retailers and wholesalers; incorporated in April 2022
Subscription	2.26 times: retail 4.07 times, NII 2.05 times and QIB 1.06 times
Valuation	About 19.4 times FY26 earnings and 14.8 times EV/EBITDA, with a market value near Rs 432 crore at the upper band; Anand Rathi called it fully priced
Grey market	A premium of about Rs 1 before listing, which implied about Rs 76
Use of funds	Working capital and general corporate purposes
Listing	Rs 82, then the 5% upper circuit

Nityas Gems listed well above the grey market hint, which shows strong retail demand, but at 19.4 times earnings the valuation leaves limited room, so IPO listings today for a small issue can reverse quickly.

The Vishal Nirmiti Listing: The Weaker Debut in IPO Listings Today

Point	Detail
Business	Pune-based integrated civil engineering, manufacturing and construction company, incorporated in 1994, with manufacturing and services segments including pipes and penstocks for pumped storage and customers such as the Dedicated Freight Corridor
Subscription	1.71 times, with bids for about 1.44 crore shares against 84.7 lakh on offer
Valuation	About 23.2 times FY26 earnings and 13.1 times EV/EBITDA, with a post-issue market value near Rs 581 crore; rated Subscribe for long term by Anand Rathi
Use of funds	Working capital, repayment of term loans and general corporate purposes from the Rs 145 crore fresh issue
Offer for sale	Rs 33 crore received by the promoter group's Vaman Prestressing Company
Earlier financials	Revenue of Rs 135.24 crore and profit of Rs 8.41 crore for the six months to September 2025, per the DRHP

The mix of a weaker subscription, a higher P/E and an offer for sale by the promoter group explains why Vishal Nirmiti lagged in IPO listings today.

What Allottees Can Do After IPO Listings Today

Situation	Points to weigh
Nityas Gems allottee, stock at the upper circuit	Locked-in gains can reverse; decide between booking part and holding with a stop-loss
Vishal Nirmiti allottee, small loss	A 2% discount is modest; the long-term case rests on the business and the Rs 145 crore of fresh funds
Not allotted	Avoid chasing a circuit; wait for volumes to settle before deciding
All allottees	Check the closing price, delivery volume and the next day's range, and size positions for volatility

This table frames the choices after IPO listings today and is not a recommendation.

Risks After IPO Listings Today

Small-issue volatility: Newly listed small caps in IPO listings today can move 5% to 20% a day.

Valuation: Both IPOs were priced near full valuations at 19 to 23 times earnings.

Weak market: A falling Sensex can drag newly listed stocks from IPO listings today lower.

Circuit risk: A stock locked at an upper circuit can reverse sharply when sellers appear.

Promoter selling: The offer for sale in Vishal Nirmiti sends part of the proceeds to the promoter group.

What to Watch Next After IPO Listings Today

Whether Nityas Gems holds the 5% circuit and the volume behind it.
Whether Vishal Nirmiti recovers the Rs 220 issue price or breaks the Rs 215 listing price.
Anchor lock-in dates and the first results as listed companies.
The Sensex and the broader small-cap trend.
Upcoming IPOs and their grey market premiums.

Conclusion

IPO listings today split, with Nityas Gems listing at Rs 82, a 9.3% premium, and hitting the upper circuit while Vishal Nirmiti listed at Rs 215, a 2.27% discount, after weaker subscription. Both are priced near full value, so allottees should plan for volatility. Consult a SEBI-registered advisor before making any 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).

Frequently Asked Questions

How did the IPO listings today go?

Ans. Nityas Gems listed at Rs 82, a 9.3% premium to Rs 75, and hit the upper circuit, while Vishal Nirmiti listed at Rs 215, a 2.27% discount to Rs 220.

What are the IPO listing gains on a Nityas Gems lot?

Ans. About Rs 1,400 at the listing price and about Rs 2,220 at the 5% upper circuit, on 200 shares, my calculation.

How did the Vishal Nirmiti listing affect a lot?

Ans. About Rs 340 on 68 shares at the Rs 215 listing price.

How were the subscriptions?

Ans. In IPO listings today, Nityas Gems was subscribed 2.26 times with retail at 4.07 times, and Vishal Nirmiti was subscribed 1.71 times.

What do the valuations look like?

Ans. For IPO listings today, Nityas Gems was priced at about 19.4 times FY26 earnings and Vishal Nirmiti at about 23.2 times, according to Anand Rathi.