Vishal Nirmiti Limited
ListedCivil Engineering · Mainboard IPO · INE1O5L01025
Price band
₹208 – ₹220
Lot size
68 shares
Min. investment
₹14,960
Issue size
₹178 Cr
Face value
₹10
Registrar
MUFG Intime India Pvt.Ltd.
Issue timeline
Bidding opens
30 Sept 2026
Bidding closes
05 Oct 2026
Allotment
06 Oct 2026
Listing
08 Oct 2026
Final subscription
83,723
applications
₹220 Cr
bid value
| Category | Bid for | ₹ Cr* |
|---|---|---|
| Qualified Institutional (QIB) | 1,01,864 | 2 |
| Non-Institutional >₹10L (bNII) | 22,16,732 | 49 |
| Non-Institutional ₹2–10L (sNII) | 10,87,796 | 24 |
| Retail (RII) | 66,13,612 | 146 |
| Total | 1,00,20,004 | 220 |
Live category-wise demand from NSE only. Add each category's offered shares (from the RHP) in IPO Master to show the subscription (x) multiple.
About the company
Vishal Nirmiti Limited is a civil engineering, manufacturing, and construction company primarily engaged in manufacturing and dealing of Pre-Stressed Concrete (PSC) sleepers for railways, pre-cast and pre-stressed concrete products, as well as fabrication and erection of Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects (PSPs).
Issue details
Issue size
₹178 Cr
Fresh issue
₹145 Cr
Offer for sale
₹33 Cr
Industry
Civil Engineering
Promoter holding (pre)
73.42%
Promoter holding (post)
49.4%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 247.93 | 324.86 | 344.13 Cr |
| EBITDA | 23.14 | 46.48 | 51.13 |
| Profit after tax | 3.45 | 23.64 | 24.98 Cr |
| Net worth | 38.12 | 61.12 | 86.34 Cr |
| Total assets | 242.04 | 296.61 | 334.92 |
| Total borrowing | 91.75 | 88.05 | 87.42 |
Objects of the issue
- Funding working capital requirements of the Company
- Repayment and/ or pre-payment, in part or full of term loans
- General Corporate Purposes
Strengths
- Execution capabilities with industry experience and strong operating systems, providing comprehensive solution.
- Dedicated focus on railway infrastructure development and manufacture of PSC sleepers.
- Deeply entrenched, long term relationships with customers.
- Experienced Management Team driving the growth of the Company.
Risks
- The company operates in a highly competitive industry.
- Dependence on the railway sector for a significant portion of revenue.
- Fluctuations in raw material prices may impact profitability.
Documents
Calculate your bid
At cut-off price ₹220
Lots
1
- Shares
- 68
- Amount
- ₹14,960
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login