Vishal Nirmiti IPO vs Nityas Gems & Jewellery IPO: GMP and Subscription Comparison Today
Both Mainboard IPOs are open for subscription from September 30 to October 5, 2026. Here is the latest GMP and subscription comparison for October 1.
Updated: 1 October 2026Vishal Nirmiti IPO and Nityas Gems & Jewellery IPO are among the Mainboard issues currently open for bidding. Both IPOs opened on September 30, 2026, and will close on October 5, 2026. Investors are tracking their grey market premiums (GMPs) along with the subscription numbers from the opening day.
Vishal Nirmiti vs Nityas Gems IPO: GMP Comparison
Vishal Nirmiti IPO
Estimated Listing Price: ₹231
Estimated GMP Gain: 5.00%
Lot Size: 68 Shares
Nityas Gems & Jewellery IPO
Estimated Listing Price: ₹81
Estimated GMP Gain: 8.00%
Lot Size: 200 Shares
IPO Subscription Status on 1 October 2026
Both IPOs entered their second day of bidding on October 1. The latest confirmed full-session subscription data available from Day 1 is shown below.
| IPO | QIB | NII | Retail | Total Subscription |
|---|---|---|---|---|
| Vishal Nirmiti | 1.00x | 0.01x | 0.06x | 0.06x |
| Nityas Gems & Jewellery | 0.00x | 0.11x | 0.52x | 0.20x |
Vishal Nirmiti’s Day 1 subscription closed at 0.06 times overall, with the QIB portion at 1.00 times, NII at 0.01 times and retail at 0.06 times. Nityas Gems & Jewellery closed Day 1 at 0.20 times, with retail investors subscribing 0.52 times, NII at 0.11 times and QIB at 0.00 times.
Vishal Nirmiti IPO vs Nityas Gems IPO: Key Details
| Particulars | Vishal Nirmiti | Nityas Gems & Jewellery |
|---|---|---|
| IPO Type | Mainboard | Mainboard |
| IPO Open Date | 30 September 2026 | 30 September 2026 |
| IPO Close Date | 5 October 2026 | 5 October 2026 |
| Price Band | ₹208 – ₹220 | ₹70 – ₹75 |
| Lot Size | 68 Shares | 200 Shares |
| Minimum Investment | ₹14,960 | ₹15,000 |
| GMP Used in This Comparison | ₹11 | ₹6 |
| Indicative Listing Price | ₹231 | ₹81 |
| Indicative GMP % | 5.00% | 8.00% |
| Listing | BSE & NSE | BSE & NSE |
| Expected Listing Date | 8 October 2026 | 8 October 2026 |
What the GMP Data Shows
At the GMP levels used for this October 1 comparison, Vishal Nirmiti has a higher absolute grey market premium of ₹11 compared with ₹6 for Nityas Gems & Jewellery. However, because the two IPOs have different price bands, the percentage premium works out differently.
Based on the supplied GMP figures, Vishal Nirmiti’s indicative listing price is ₹231 against the upper price band of ₹220, while Nityas Gems & Jewellery’s indicative listing price is ₹81 against the upper price band of ₹75.
Subscription Trend: Day 1
The Day 1 subscription data shows different category participation patterns. Vishal Nirmiti’s small QIB portion was fully subscribed at the Day 1 close, while retail and NII participation remained limited. Nityas Gems & Jewellery saw stronger retail participation on Day 1, although its QIB portion had not received bids at the close.
Vishal Nirmiti vs Nityas Gems IPO: October 1 Update
The two IPOs are open until October 5, 2026. The GMP figures used in this comparison are ₹11 for Vishal Nirmiti and ₹6 for Nityas Gems & Jewellery. Day 1 subscription closed at 0.06x for Vishal Nirmiti and 0.20x for Nityas Gems & Jewellery. Subscription figures can change substantially during the remaining bidding sessions.
