Vishal Nirmiti IPO listing: listed at ₹215, −2.3% under the issue price

Vishal Nirmiti listed on NSE, BSE on 8 Oct 2026 at ₹215 per share, −₹5 (−2.3%) against the upper price band of ₹220. The issue (price band ₹208 – ₹220, bidding 30 Sep 2026 to 5 Oct 2026) was subscribed 1.79x overall. The last grey-market premium we captured before ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​​​⁠⁠​​⁠​​⁠⁠⁠⁠​⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠⁠⁠⁠⁠⁠​​​​⁠⁠​⁠​​⁠⁠⁠⁠⁠listing was ₹2 on 7 Oct 2026 (daily average of 11 quotes), which implied a listing price of ₹222; the shares listed at ₹215, ₹7 below that.

Updated 8 Oct 2026, 14:01 IST. Dated dealer references.

Listing day facts

Vishal Nirmiti IPO listing, as recorded on 8 Oct 2026
Listing date8 Oct 2026
ExchangeNSE, BSE
Listing price₹215
Upper price band (issue price basis)₹220
Gain or loss vs upper band−₹5 per share (−2.3%)
Price band₹208 – ₹220
Issue dates30 Sep 2026 to 5 Oct 2026
Subscription (overall, at close)1.79x, as of 5 Oct 2026
Lot size68 shares
Gain or loss per lot vs upper band−₹340

Grey-market premium against the actual listing

The last grey-market premium we captured before listing ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​​​⁠⁠​​⁠​​⁠⁠⁠⁠​⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠⁠⁠⁠⁠⁠​​​​⁠⁠​⁠​​⁠⁠⁠⁠⁠was ₹2 on 7 Oct 2026 (daily average of 11 quotes), which implied a listing price of ₹222; the shares listed at ₹215, ₹7 below that.

Vishal Nirmiti IPO: captured GMP by day (daily average) and the implied listing price against the actual listing price of ₹215 on 8 Oct 2026
DateGMPImplied listing priceActual listing vs impliedQuotes captured
29 Sep 2026₹2₹222−₹7 (−3.2%)10
30 Sep 2026₹8₹228−₹13 (−5.7%)9
1 Oct 2026₹24₹244−₹29 (−11.9%)4
2 Oct 2026₹20₹240−₹25 (−10.4%)12
3 Oct 2026₹20₹240−₹25 (−10.4%)13
4 Oct 2026₹20₹240−₹25 (−10.4%)11
5 Oct 2026₹9₹229−₹14 (−6.1%)10
6 Oct 2026₹2₹222−₹7 (−3.2%)13
7 Oct 2026₹2₹222−₹7 (−3.2%)11

GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​​​⁠⁠​​⁠​​⁠⁠⁠⁠​⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠⁠⁠⁠⁠⁠​​​​⁠⁠​⁠​​⁠⁠⁠⁠⁠by day. Only the price band and the exchange listing price are official.

Frequently asked questions

What was the Vishal Nirmiti IPO listing price?

Vishal Nirmiti listed on NSE, BSE on 8 Oct 2026 at ₹215 per share.

How did Vishal Nirmiti list against the issue price?

The listing price of ₹215 was −₹5 per share (−2.3%) against the upper price band of ₹220.

What did the grey market indicate before Vishal Nirmiti listed?

The last grey-market premium we captured before listing was ₹2 on 7 Oct 2026 (daily average of 11 quotes), which implied a listing price of ₹222; the shares ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​​​⁠⁠​​⁠​​⁠⁠⁠⁠​⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠⁠⁠⁠⁠⁠​​​​⁠⁠​⁠​​⁠⁠⁠⁠⁠listed at ₹215, ₹7 below that. GMP is unofficial and not a forecast.

Where do Vishal Nirmiti shares trade now?

On NSE, BSE. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.

Vishal Nirmiti IPO overview · GMP history · Subscription status · Allotment status

Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the ​​​⁠​​​⁠​​​​⁠​​⁠⁠​⁠​⁠​​​​⁠⁠​​⁠​​⁠⁠⁠⁠​⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠⁠⁠​​⁠⁠​⁠​​⁠⁠⁠⁠⁠⁠​⁠⁠⁠⁠⁠⁠​​​​⁠⁠​⁠​​⁠⁠⁠⁠⁠market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 08 Oct 2026.

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Vishal Nirmiti IPO Listing