Vishal Nirmiti IPO Profile
Vishal Nirmiti Limited is an integrated civil engineering, manufacturing and infrastructure development company. The company has a significant presence in railway infrastructure and manufactures Pre-Stressed Concrete (PSC) sleepers, Mild Steel (MS) pipes, liners and penstock pipes. It also undertakes EPC, subcontracting and other infrastructure-related activities.
| Particulars | Details |
|---|---|
| Company | Vishal Nirmiti Limited |
| IPO Type | Mainboard – Book Built Issue |
| IPO Opening Date | 30 September 2026 |
| IPO Closing Date | 5 October 2026 |
| Price Band | ₹208 – ₹220 per share |
| Face Value | ₹10 per share |
| Total Issue Size | Up to ₹178 Crore |
| Fresh Issue | Up to ₹145 Crore |
| Offer for Sale | 15,00,000 Equity Shares |
| Lot Size | 68 Shares |
| Minimum Investment | ₹14,960 at the upper price band |
| Listing | BSE & NSE |
Vishal Nirmiti IPO Details
| IPO Particular | Details |
|---|---|
| Issue Size | ₹176.20 – ₹178.00 Crore |
| Fresh Issue | 65,90,909 Equity Shares |
| Fresh Issue Value | Up to ₹145 Crore |
| Offer for Sale | 15,00,000 Equity Shares |
| OFS Value | Up to ₹33 Crore |
| Price Band | ₹208 – ₹220 |
| Face Value | ₹10 |
| Lot Size | 68 Shares |
| Issue Type | Book Building |
| Listing Exchange | BSE & NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Saffron Capital Advisors Pvt. Ltd. |
Vishal Nirmiti IPO Lot Size
| Investor Category | Lots | Shares | Amount at ₹220 |
|---|---|---|---|
| Retail Minimum | 1 | 68 | ₹14,960 |
| Retail Maximum | 13 | 884 | ₹1,94,480 |
| S-HNI Minimum | 14 | 952 | ₹2,09,440 |
| S-HNI Maximum | 66 | 4,488 | ₹9,87,360 |
| B-HNI Minimum | 67 | 4,556 | ₹10,02,320 |
Vishal Nirmiti Company Profile
Vishal Nirmiti Limited operates in the infrastructure and engineering sector with a focus on manufacturing and project execution. Its manufacturing business includes PSC railway sleepers and large-diameter MS pipes, liners and penstock pipes.
The company's service activities include engineering, procurement and construction (EPC), subcontracting, precast solutions and infrastructure-related services.
The company serves customers in railway, infrastructure, irrigation, hydroelectric and other industrial sectors. Its integrated manufacturing and execution capabilities allow it to participate in different stages of infrastructure projects.
Vishal Nirmiti Business Segments
| Segment | Key Activities |
|---|---|
| Manufacturing | PSC railway sleepers, MS pipes, liners and penstock pipes. |
| Infrastructure Services | EPC, subcontracting and project execution. |
| Precast Solutions | Precast infrastructure solutions including projects associated with high-speed rail. |
| Other Activities | Wind power generation, scrap sales and leasing income. |
Vishal Nirmiti IPO Financials
| Particulars (₹ Crore) | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total Income | 247.93 | 324.86 | 344.13 |
| EBITDA | 23.14 | 46.48 | 51.13 |
| Profit After Tax | 3.45 | 23.64 | 24.98 |
| Net Worth | 38.12 | 61.12 | 86.34 |
| Total Assets | 242.04 | 296.61 | 334.92 |
| Total Borrowings | 91.75 | 88.05 | 87.42 |
Vishal Nirmiti IPO Objectives
The company proposes to utilise the proceeds from the fresh issue for its stated business purposes, including funding working capital requirements, repayment and/or pre-payment of certain term loans, and general corporate purposes.
Vishal Nirmiti IPO Strengths
Vishal Nirmiti IPO Risks
Vishal Nirmiti IPO Allotment & Listing Schedule
| IPO Event | Date |
|---|---|
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Basis of Allotment | 6 October 2026 |
| Initiation of Refunds | 7 October 2026 |
| Credit of Shares to Demat | 7 October 2026 |
| Listing Date | 8 October 2026 |
Vishal Nirmiti IPO FAQ
The Vishal Nirmiti IPO price band is ₹208 to ₹220 per equity share.
The Vishal Nirmiti IPO lot size is 68 shares. At the upper price band of ₹220, one lot requires an investment of ₹14,960.
The Vishal Nirmiti IPO issue size is up to ₹178 crore, comprising a fresh issue and an offer for sale.
The IPO opens on 30 September 2026 and closes on 5 October 2026.
The basis of allotment is scheduled for 6 October 2026.
Shares are scheduled to be credited to successful applicants' Demat accounts on 7 October 2026.
Vishal Nirmiti shares are scheduled to list on BSE and NSE on 8 October 2026.
You can check Vishal Nirmiti IPO allotment information through the registrar/exchange or the IPO information page below.
Check IPO Allotment