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The Economic Times
The Economic Times
Business
Ritesh Presswala

Vishal Nirmiti IPO Day 2: GMP at 16%, check subscription and key details. Should you apply?

Vishal Nirmiti IPO GMP BSE NSE Anand Rathi

Vishal Nirmiti IPO entered its second day of bidding on Thursday, with the Rs 178-crore public issue open for subscription for three days. The IPO comprises a fresh issue and an offer for sale (OFS). In the grey market, the issue is commanding a premium of Rs 35, or 16%, over the upper end of its price band, signalling expectations of a premium listing.

On Day 1, the Vishal Nirmiti IPO was subscribed 5% overall against the 84.71 lakh shares on offer. The retail investor portion was subscribed 6% against the 59.29 lakh shares reserved for the category.

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