Mumbai, Sept. 30 -- The initial public offer of Vishal Nirmiti received bids for 4,61,720 shares as against 84,71,153 shares on offer, according to stock exchange data at 17:00 IST on 30 September 2026. The issue was subscribed 0.05 times.

The issue opened for bidding on 30 September 2026 and will close on 5 October 2026. The price band of the IPO is fixed between Rs 208 and 220 per share. An investor can bid for a minimum of 68 equity shares and multiples thereof.

The offer comprises 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 the net proceeds from the fresh issue, the company intends to use Rs 75 crore for fundi...