Vishal Nirmiti Limited (VNL) IPO
VNL · Mainboard · Book Building
About the Vishal Nirmiti IPO
Vishal Nirmiti Limited (VNL), often called the Vishal IPO, is a mainboard IPO on NSE, offered through a book building issue.
The price band is ₹208–220 per share, with a lot size of 68 shares, so the minimum application at the upper price is ₹14,960.
The issue was open from 30 Sep 2026 to 5 Oct 2026.
It has been subscribed 1.71× overall (QIB 1.28×, NII 1.81×, Retail 1.67×), as per NSE data 05-Oct-2026 17:00:00.
The shares listed on 8 Oct 2026.
The registrar is MUFG Intime India Private Limited, where allotment status can be checked.
Book running lead managers: Saffron Capital Advisors Private Limited.
VNL IPO subscription status
| Category | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 84,710 | 1,08,324 | 1.28× |
| HNI / Non-Institutional (NII) | 24,56,635 | 44,45,908 | 1.81× |
| Retail Individual Investors (RIIs) | 59,29,808 | 98,93,524 | 1.67× |
VNL IPO listing day result
| Issue price | ₹220 |
| Listing price | ₹215 |
| Listing gain | −2.3% |
| Last GMP before listing | +₹2 (est. ₹222) |
| Subscribed | 1.71× |
It listed at ₹215 against an issue price of ₹220, a loss of 2.3% on listing day.
The last grey market premium before listing was +₹2, pointing to about ₹222; the actual listing was ₹7 below it (+0.9% expected vs −2.3% actual).
That beat 7 of the 42 other mainboard IPOs tracked here that listed in the 12 months before it (median listing gain +9.2%).
Other mainboard listings around the same time
Listing price is the listing-day pre-open price. All listing results · GMP vs listing gain
Vishal IPO allotment status
Check allotment on MUFG Intime (Link Intime)
Vishal Nirmiti IPO documents (RHP)
Vishal Nirmiti Limited IPO — FAQs
What is the VNL IPO lot size and price band?
The price band is ₹208–220 per share and the lot size is 68 shares, so the minimum investment is ₹14,960 at the upper price.
When does Vishal Nirmiti Limited IPO open and close?
Vishal Nirmiti Limited IPO opens on 30 Sep 2026 and closes on 5 Oct 2026.
What is the VNL IPO subscription status?
Vishal Nirmiti Limited IPO has been subscribed 1.71× overall (QIB 1.28×, NII 1.81×, Retail 1.67×), as per NSE data.
What is the minimum investment for HNI (NII) in Vishal Nirmiti Limited IPO?
Small HNI (sNII, ₹2–10 lakh) starts at 14 lots (952 shares, ₹2,09,440); big HNI (bNII, above ₹10 lakh) starts at 67 lots (4,556 shares, ₹10,02,320), at the upper price.
When is the VNL IPO allotment date?
Allotment is expected on 6 Oct 2026, one working day after the issue closes. Allotment status can be checked on the registrar's site, MUFG Intime India Private Limited.
How to check Vishal Nirmiti Limited IPO allotment status?
From the evening of the allotment date, open the registrar's allotment page (MUFG Intime India Private Limited), pick Vishal Nirmiti Limited and enter your PAN, application number or DP/client ID. The IPO page here has a direct "Check allotment" link.
What is the Vishal IPO listing date?
The shares listed on NSE and BSE on 8 Oct 2026.
What was the Vishal IPO listing gain?
Vishal Nirmiti listed at ₹215 against an issue price of ₹220, a loss of 2.3% on listing day.
Who are the lead managers of Vishal Nirmiti Limited IPO?
The book running lead managers are Saffron Capital Advisors Private Limited, and the registrar is MUFG Intime India Private Limited.
Other IPOs
Information only — not investment advice. Verify details in the offer document. How allotment works · What is GMP?