Vishal Nirmiti and Nityas Gems & Jewellery: Allotment Done, Both List October 8

The IPO calendar keeps its October heat. Two mainboard issues — railway infrastructure builder Vishal Nirmiti and Gujarat-based lab-grown diamond jeweller Nityas Gems & Jewellery — finalised share allotment on October 6, 2026 and both list on the BSE and NSE on October 8, 2026.

Vishal Nirmiti's ₹178-crore IPO comprised a ₹145-crore fresh issue plus a ₹33-crore offer for sale. Priced in a band of ₹208–220 per share, the issue was subscribed 1.71 times overall, with retail at 1.67x, NIIs at 1.81x and QIBs at 1.27x. The company builds railway infrastructure — riding the same capex wave that has made infra IPOs a recurring October theme.

Nityas Gems & Jewellery's ₹108.35-crore IPO, entirely a fresh issue priced at ₹70–75 per share, was subscribed 2.25 times, with the retail portion at a strong 4.04x, NIIs at 2.05x and QIBs at 1.06x. The company plans to deploy the proceeds into working capital as it scales its lab-grown diamond jewellery business — a segment that has been taking share from mined diamonds on price.

Both issues were open for bidding from September 30 to October 5, 2026; refunds and share credits went through on October 7. They join a packed debut line-up this week that already includes Vans Electroengineerings' blockbuster 90% listing pop on the SME board and EverestIMS's 274x-subscribed issue listing October 8.

The steady pipeline — from SME boards to mainboard — underlines how India's primary market has become a genuine exit and growth-capital route for founders, not just a vanity milestone.