Vishal Nirmiti IPO GMP History
Vishal Nirmiti IPO has been listed on October 8, 2026 at a listing price of ₹215, against the issue price of ₹220 — a loss of ₹5 (-2.27%). The GMP peaked at ₹20 on 4 October 2026 and reached a low of ₹0 on 27 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Vishal Nirmiti IPO raised ₹178 Cr. through its IPO at a price band of ₹208 to ₹220 per share, with a lot size of 68 shares. The IPO was open for subscription from 30 Sep 2026 to 05 Oct 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 9 Oct, 6:00 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 08 Oct 2026 | ₹ 2 | — | 0.91% | — | ₹ 100 |
| 07 Oct 2026 | ₹ 2 | — | 0.91% | — | ₹ 100 |
| 06 Oct 2026 | ₹ 2 | — | 0.91% | — | ₹ 100 |
| 05 Oct 2026 | ₹ 2 | ▼ | 0.91% | — | ₹ 1000 |
| 04 Oct 2026 | ₹ 20 | — | 9.09% | — | ₹ 1000 |
| 03 Oct 2026 | ₹ 20 | — | 9.09% | — | ₹ 1000 |
| 02 Oct 2026 | ₹ 20 | — | 9.09% | — | ₹ 1000 |
| 01 Oct 2026 | ₹ 20 | ▲ | 9.09% | — | ₹ 1000 |
| 30 Sep 2026 | ₹ 10 | ▲ | 4.55% | — | ₹ 500 |
| 29 Sep 2026 | ₹ 6 | ▲ | 2.73% | — | ₹ 100 |
| 28 Sep 2026 | ₹ 2 | ▲ | 0.91% | — | — |
| 27 Sep 2026 | ₹ 0 | — | 0% | — | — |
Vishal Nirmiti IPO dates
Key dates from opening to listing. Today is 13 October.
- Open 30 Sep 2026
- Close 05 Oct 2026
- Allotment 06 Oct 2026
- Refund/credit 07 Oct 2026
- Listing 08 Oct 2026
Vishal Nirmiti IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹220 |
|---|---|
| GMP-based estimate (pre-listing) | ₹222 (+0.9%) |
| Listing gain / loss | −₹5 per share |
| Listing date | 08 Oct, 2026 |
| Actual listing price | ₹215 (-2.27%) |
Is Vishal Nirmiti IPO GMP reliable?
Grey market premium for Vishal Nirmiti IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Vishal Nirmiti IPO full review for a fundamentals-based assessment before making any grey market trades.
Vishal Nirmiti IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Vishal Nirmiti IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹100, BHNI: ₹1400. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Vishal Nirmiti IPO
Vishal Nirmiti Limited was incorporated in 1994 and was earlier called Sejal Farms Private Limited. It is a civil engineering, manufacturing and construction company whose main product is the pre-stressed concrete sleeper used on railway track.
The manufacturing side makes PSC sleepers for Indian Railways, DFCCIL and private customers, and fabricates MS pipes, MS liners and penstock pipes for hydro power, lift irrigation, water supply and other infrastructure work. The services side does job work on pipes, liners and penstock pipes, makes pre-cast and pre-stressed items such as noise barriers and cable ducts, builds hydro-mechanical structures, and takes on construction contracts, windmill power generation, transportation, leasing and scrap sale.
It works across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha and Karnataka. As on 30 June 2026 it employed 420 people.
Frequently asked
What is the GMP of Vishal Nirmiti IPO?
The current Grey Market Premium (GMP) of Vishal Nirmiti IPO is ₹ 2.
What is the Kostak Price of Vishal Nirmiti IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Vishal Nirmiti IPO is not available.
What is the Subject to Sauda Price of Vishal Nirmiti IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹100, BHNI: ₹1400.
What was the actual listing price of Vishal Nirmiti IPO?
Vishal Nirmiti IPO listed on October 8, 2026 at ₹215, against the issue price of ₹220 — a loss of -2.27%.
How did the GMP of Vishal Nirmiti IPO trend before listing?
The GMP of Vishal Nirmiti IPO was stable in its final days before listing. The GMP peaked at ₹20 on 4 October 2026. View the day-wise table above for the complete GMP history.
Explore Vishal Nirmiti IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
