Vishal Nirmiti and Nityas Gems IPOs set for allotment on October 6, listing on October 8

On the second day of bidding, Vishal Nirmiti’s IPO was subscribed 57%, while Nityas Gems and Jewellery saw stronger demand with 69% subscription. In the grey market, Vishal Nirmiti shares were commanding a premium of ₹20, with a GMP of +20, while Nityas Gems Jewellery shares traded at a ₹2 premium, with a GMP of +2.

Based on GMP trends, the estimated listing price for Vishal Nirmiti IPO is ₹240, which is 9.09% above its IPO price of ₹220. For Nityas Gems Jewellery, the estimated listing price is ₹77, representing a 2.67% increase over its IPO price of ₹75.

Vishal Nirmiti Ltd has set the price band for its IPO at ₹208–220 per equity share. The fresh issue comprises up to 69.71 lakh equity shares, aggregating to ₹145 crore at the upper end of the price band, with an additional offer for sale of 15 lakh shares worth around ₹33 crore. The overall issue size is approximately ₹178 crore. Proceeds will be used for working capital, loan repayment, and general corporate purposes. The company operates in civil engineering, manufacturing, and construction.

Nityas Gems and Jewellery Ltd has fixed its IPO price band at ₹70–75 per equity share. At the upper end, the issue is expected to raise approximately ₹108.42 crore through 1.4456 crore equity shares of face value ₹5 each. The company plans to list on both NSE and BSE. Proceeds will be used for working capital and general corporate purposes. The firm operates in the lab-grown diamond jewellery segment, focusing on design, manufacturing, and sale of gold jewellery studded with lab-grown diamonds in India.