Vishal Nirmiti’s initial public offering (IPO) crossed the 1x subscription mark on the final day of bidding, indicating that the issue received bids exceeding the number of shares offered to investors.
Vishal Nirmiti IPO Subscription
The IPO attracted bids from investors across different categories during the subscription period. The final subscription figures provide an indication of demand for the public issue ahead of the allotment process.
Category-Wise Bids
Investors could participate through the qualified institutional buyer, non-institutional investor and retail investor categories. Demand varied across the three segments as investors placed bids during the issue period.
IPO Price Band
Vishal Nirmiti had set a price band of ₹208 to ₹220 per share for the IPO. The issue included a fresh issue as well as an offer for sale, with the total issue size standing at around ₹178 crore.
What Happens Next
After the IPO closes, the registrar processes the applications and determines the basis of allotment. Investors who receive shares will see them credited to their demat accounts, while unsuccessful applicants will receive refunds according to the issue schedule.
Listing Ahead
Following the allotment process, Vishal Nirmiti shares are expected to move toward listing on the stock exchanges. Investors will closely watch the allotment results and the stock’s performance after listing.
Latest Status
Vishal Nirmiti’s IPO has crossed the 1x subscription level on its final day, completing the bidding phase with demand above the shares offered. Investors now await the final allotment and listing process.