Mumbai, Oct. 6 -- The initial public offer of Vishal Nirmiti received bids for 1,44,46,804 shares as against 84,71,153 shares on offer. The issue was subscribed 1.71 times.

The qualified institutional buyers' (QIB) portion was subscribed 1.27 times, while the non-institutional investors' (NII) category was subscribed 1.81 times. The retail individual investors' (RII) segment was subscribed 1.67 times.

The issue opened for bidding on 30 September 2026 and closed on 5 October 2026. The price band of the IPO is fixed between Rs 208 and 220 per share.

The offer comprised a fresh issue of equity shares of Rs 10 face value, aggregating to Rs 145 crore and an offer for sale (OFS) of 1500000 equity shares by the promoters/promoter group. Of th...