Vishal Nirmiti Limited IPO Subscription Update: Issue Subscribed 0.57 on Day 2

Information Subscription
On the second day, Vishal Nirmiti IPO received bids for 48,35,208 shares against 84,71,153 shares available for subscription, according to NSE data. The Retail Individual Investors (RIIs) category was subscribed 0.47 times, while the Non-Institutional Investor (NII) category stood at 0.80 times. The QIB portion was subscribed 0.96 times at the time of the latest update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.96x |
| 2. | Non-Institutional Investors | 0.80x |
| 3. | Retail Individual Investors (RIIs) | 0.47x |
| - | Total | 0.57x |
Vishal Nirmiti IPO Overview & Purpose
Vishal Nirmiti Limited is raising rupee 178 crore through a combination of a fresh issue of rupee 145 crore and an Offer for Sale (OFS) of rupee 33 crore. The IPO has a price band of rupee 208–rupee 220 per share, with a lot size of 68 shares, and is scheduled to list on BSE and NSE. The company plans to use around rupee 75 crore from the fresh issue for working capital requirements and rupee 19 crore for repayment or pre-payment of loans, with the remaining proceeds intended for general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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