Vishal Nirmiti and Nityas IPOs: GMP, Subscription and Listing Estimates

Vishal Nirmiti and Nityas Gems & Jewellery were both selling shares to the public.

Their IPOs opened on September 30 and were due to close on October 5.

By the second day, investors had requested more shares in Nityas’s offering than in Vishal Nirmiti’s.

The article reported that Vishal Nirmiti shares had a higher grey-market premium.

Based on those premiums, it estimated possible listing prices of ₹240 for Vishal Nirmiti and ₹77 for Nityas.

These were estimates, not guaranteed prices.

Allotments were expected on October 6.

Both companies were scheduled to list on October 8.