Vishal Nirmiti IPO
Vishal Nirmiti IPO is a mainboard IPO raising ₹178 Cr at ₹208 – ₹220 a share. It listed on 8 Oct 2026 at ₹215, −2.3% against its issue price of ₹220, and trades at ₹104 today (−52.6% since issue). It was subscribed 1.71× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 84,710 | 1,07,372 | 1.27× |
| Foreign Institutional Investors | no separate quota | 4,556 | n/a |
| Domestic Financial Institutions | no separate quota | 952 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 1,01,864 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 24,56,635 | 44,45,908 | 1.81× |
| Non Institutional Investors | 16,37,757 | 28,04,184 | 1.71× |
| Corporates | no separate quota | 20,468 | n/a |
| Individuals | no separate quota | 26,05,080 | n/a |
| Others | no separate quota | 1,78,636 | n/a |
| Non Institutional Investors | 8,18,878 | 16,41,724 | 2.00× |
| Corporates | no separate quota | 3,808 | n/a |
| Individuals | no separate quota | 16,05,616 | n/a |
| Others | no separate quota | 32,300 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 59,29,808 | 98,93,524 | 1.67× |
| Cut Off | no separate quota | 89,55,260 | n/a |
| Price bids | no separate quota | 9,38,264 | n/a |
| Total | 84,71,153 | 1,44,46,804 | 1.71× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 6 Oct, 08:15 am IST.
Where the bids landed
Demand falls about 11% from the bottom of the band to the top. 62% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.23 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.