Vishal Nirmiti IPO Day 2: GMP at 16%, check subscription and key details. Should you apply?
NSE is in focus in an ipo & listings development with October 5 in focus.
· Economic Times Markets
Vishal Nirmiti IPO entered Day 2 of bidding with the Rs 178-crore issue subscribed 5% on Day 1, led by 6% subscription in the retail category. The IPO comprises a Rs 145-crore fresh issue and Rs 33-crore OFS, with the issue closing on October 5. premium listing. Shares are expected to list on NSE and BSE on October 8.
Key facts
- Dates in focus
- October 5 and October 8
The analysis
NSE reported Rs 178, Rs 145 and Rs 33, with movement of 5%, 6% and 16% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With NSE, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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