Vishal Nirmiti IPO Allotment Status: Check on MUFG Intime, BSE, NSE

Vishal Nirmiti IPO allotment is scheduled for Tuesday, October 6, 2026, after the ₹178 crore issue received 1.71x overall subscription. The NII (Non-Institutional Investors) category was subscribed 1.81x, followed by RII (Retail Individual Investors) at 1.668x and QIB (Qualified Institutional Buyers) at 1.268x. With demand exceeding the shares available, applicants can now check whether they have received an allotment. 

Important Dates

The Vishal Nirmiti IPO is scheduled to list on both BSE and NSE on October 8, 2026. 

How to Check Vishal Nirmiti IPO Allotment Status?

Method 1: Check on BSE

Visit the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check

• Select Equity as the issue type.
• Select Vishal Nirmiti from the issue list.
• Enter your application number or PAN.
• Enter the required verification details.
• Submit to check whether shares have been allotted.

Method 2: Check on NSE

Visit the NSE IPO application status section: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select Equity & SME IPO Bid Details.
• Choose VNL under the relevant issue.
• Enter your PAN and application number.
• Complete the verification process.
• Submit the details to view your allotment status.

Method 3: Check on MUFG Intime India (Registrar)

• Visit the MUFG Intime IPO allotment page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select Vishal Nirmiti from the issue list.
• Choose PAN, application number, or another available option.
• Enter the required details.
• Submit to check your Vishal Nirmiti IPO allotment status.

Vishal Nirmiti IPO Subscription Details

Source: INDmoney

• The IPO received 1.71x overall subscription, indicating that the issue received more bids than the shares available. Among the three categories, NII investors recorded the highest subscription at 1.81x, followed by retail investors at 1.668x. QIB participation was comparatively lower at 1.268x. 
• The key takeaway is that the IPO saw moderate demand across all three major investor categories, with each category receiving bids above the shares reserved for it. However, the overall 1.71x subscription is not extremely high compared with some recent IPOs, so the allotment process may be less competitive than in heavily oversubscribed issues.

What’s Next After Allotment?

If you receive an allotment, the shares are expected to be credited to your Demat account on October 7, 2026, with the stock scheduled to list on BSE and NSE on October 8, 2026. For investors who do not receive shares, the refund or unblocking process is scheduled to begin on October 7.

Applicants should also remember that the 1.71x overall subscription does not by itself determine individual allotment. Allotment is carried out category-wise according to the prescribed basis of allotment. Since the retail category was subscribed 1.668x, applicants may not necessarily receive the full quantity they applied for.

Once the shares are listed, investors will also be able to assess Vishal Nirmiti based on its listing price, valuation, earnings, growth prospects and business performance, rather than subscription demand alone.

Final Word

The 1.71x subscription for Vishal Nirmiti IPO indicates that the issue received adequate demand across QIB, NII and retail categories, with NII investors showing the highest subscription at 1.81x. However, subscription numbers are only an initial indicator of investor interest and do not determine how the stock will perform after listing.

For applicants, the immediate step is to check the Vishal Nirmiti IPO allotment status on October 6 through BSE, NSE or MUFG Intime India. Those who receive shares can then track the listing on October 8, while investors without an allotment can evaluate the stock after listing based on its market price, valuation and fundamentals.

To prepare for listing day, read our guide on what to do after an IPO lists: sell, hold, or buy.

Read the RA disclaimer here.