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Vishal Nirmiti + Nityas books still open through Mon 5 — Fri holiday not a bid day

Gandhi Jayanti Fri 2 Oct is not a Bid Working Day — cash tape shut — but Vishal Nirmiti and Nityas Gems mainboard books (both RHP: open 30 Sep, close Mon 5 Oct) still run through Monday close. Hard prints from company RHPs; price band, lot size and subscription figures are not reported until the companies or exchanges publish them.

Capital Chronicle Desk~5 minDual-layer

60-sec

Holiday-bridge open books (Fri 2 Oct 2026 IST): Cash markets are shut for Gandhi Jayanti (holiday story). That does not invent a Fri bid session. Both Vishal Nirmiti Limited and Nityas Gems and Jewellery Limited RHPs define Bid/Offer (Bid/Issue) Working Days as days excluding Saturdays, Sundays and public holidays on which commercial banks in Mumbai are open — so Fri 2 Oct is not a Bid Working Day. The books that opened Wed 30 Sep still run through Monday, 5 October 2026 close (UPI mandate end 5:00 p.m. on close day, per each RHP). AceVector’s listing-eve story is already live — AceVector listing eve.

Hard prints — Vishal Nirmiti Limited Red Herring Prospectus dated 24 September 2026 (company IR + BRLM primary; CIN U01122MH1994PLC185445):

PrintColour
Bid/Offer OpensWednesday, 30 September 2026
Bid/Offer ClosesMonday, 5 October 2026*
Fresh OfferAggregating up to ₹14,500.00 lakhs (₹145 crore) — share count still [●] in RHP
Offer for SaleUp to 15,00,000 equity shares of face ₹10 by Vaman Prestressing Company Private Limited (amount [●] until band locks)
Face value₹10
EligibilitySEBI ICDR Reg. 6(1)
Reservation (RHP cover)Not more than 1% QIB · not less than 29% NII · not less than 70% Retail
Designated exchangeNSE; proposed list BSE + NSE
BRLMSaffron Capital Advisors Private Limited
RegistrarMUFG Intime India Private Limited
Promoters (RHP)Brij B Tapadiya · Ajay Bhagwandas Tapadiya · Pavan Vithaldas Tapadiya · Akhil Ranchod Tapadiya · Naveen Tapadiya · Rajendrakumar Badrinarayan Tapadiya · Suyash Vithaldas Tapadiya · Vedant Tapadiya · Keshav Tapadiya
Indicative process (RHP)BOA on or about Tue 6 Oct · refund/unblock & demat credit on or about Wed 7 Oct · commencement of trading on or about Thu 8 Oct

*Company may, with BRLM, close QIB bidding one Working Day prior to Bid/Offer Closing Date (SEBI ICDR).

Hard prints — Nityas Gems and Jewellery Limited Red Herring Prospectus dated 24 September 2026 (company IR primary; CIN U36996GJ2022PLC131404):

PrintColour
Anchor Investor Bid/Issue PeriodTuesday, 29 September 2026
Bid/Issue OpensWednesday, 30 September 2026
Bid/Issue ClosesMonday, 5 October 2026*(2)(3)*
IssueFresh issue of up to 14,456,000 equity shares of face ₹5 (aggregating up to ₹[●] million); OFS not applicable
Employee reservationUp to 5.00% of post-issue paid-up equity (share count / ₹ still [●] in RHP)
Face value₹5
EligibilitySEBI ICDR Reg. 6(1)
Net Issue reservation (RHP)Not more than 50% QIB (Anchor up to 60% of QIB on discretionary basis) · not less than 15% NII · not less than 35% Retail
Designated exchangeNSE; proposed list BSE + NSE
BRLMChoice Capital Advisors Private Limited
RegistrarBigshare Services Private Limited
Promoters (RHP)Rajnikant Lallubhai Chanchad · Sonalben Rajnikant Chanchad · Savaliya Dhruv Janakbhai
Indicative process (RHP)BOA Tue 6 Oct · refund/unblock & demat credit Wed 7 Oct · commencement of trading Thu 8 Oct

(2) Company may close QIB bidding one Working Day prior to close. (3) UPI mandate end 5:00 p.m. on Bid/Issue Closing Day.

Not yet published (not reported here):

  • Price band / Floor / Cap / Offer Price for both names — RHP and company Abridged Prospectus still show ₹[●]; no Price Band Advertisement was available on company or lead-manager investor pages at filing
  • Minimum Bid Lot — still [●] in both RHPs
  • Subscription figures — exchange bid-detail tables were not available at filing; Capital Chronicle will report subscription only from exchange, registrar or company data
  • No GMP; no list-price prophecy

Takeaway: Fri is a holiday bridge, not a “books closed early” story. Next Bid Working Day colour is Mon 5 Oct close for both books — then the RHP indicative allotment/list chain (6–8 Oct) if calendars hold.

Analysis

Why lead with the holiday, not a re-open of AceVector

AceVector’s list-eve wrap is already on the board (listing-eve bridge). Rehashing the Snapdeal-parent listing watch here would only repeat that story. The fresher primary-market question on a Gandhi Jayanti Friday is: do open mainboard books still take bids today? RHP Working Day definitions answer no for Fri; the close date on the cover still answers yes through Mon 5.

What each issuer is selling (RHP / abridged colour — not a valuation call)

  • Vishal Nirmiti — RHP/industry framing centres on railway concrete sleepers (PSC), MS pipes and related manufacturing for Indian Railways / infrastructure demand; Fresh Offer objects in the company Abridged Prospectus include ₹7,500.00 lakhs toward working-capital requirements (balance objects as disclosed in RHP).
  • Nityas Gems and Jewellery — Surat-based manufacturer of lab-grown diamond studded gold jewellery with integrated B2B + D2C colour in the company Abridged Prospectus; Issue objects include ₹700.00 million toward working-capital requirements (balance as disclosed in RHP). Fresh-only book — no OFS.

What is still unconfirmed

  • Price band and lot size still print as [●] in both RHPs and abridged prospectuses — Capital Chronicle will report them only once the companies publish them
  • Vishal’s RHP cover reservation (~1% QIB / ~29% NII / ~70% Retail) is unusual vs classic mainboard 50/15/35 — the split above is exactly as printed on the RHP cover
  • Subscription figures will be reported only once exchange, registrar or company bid data is published
  • Indicative 6–8 Oct process dates are RHP timetable, not exchange listing approvals
  • No GMP; not investment advice; no politics

What to watch Mon 5 Oct

  1. Final Bid Working Day / UPI mandate cut-off (5:00 p.m.) for Vishal Nirmiti + Nityas Gems
  2. Cash reopen + AceVector list-auction watch if Prospectus/BOA colour holds — AceVector list-eve
  3. Any Price Band Ad / corrigendum PDFs that finally lock Floor–Cap–lot on company IR or exchange upload pages
  4. Exchange bid-detail / day-wise subscription tables once published

Sources

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Not personalized financial advice. Corrections: corrections@capitalchronicle.news