Vishal Nirmiti Ltd.
NSE & BSE₹208–220
₹ 186 Cr
68 Shares
₹ 14,144
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 33,867.73 | 31,851.62 | |
| 545.53 | 656.6 | |
| 34,413.26 | 32,508.22 | |
| 28,745.62 | 27,218.14 | |
| 3,377.92 | 3,147.5 | |
| 2,497.5 | 2,363.59 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
30 Sept 2026
IPO Offer Ends
5 Oct 2026
8 Oct 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding Working Capital Requirements of the Company | 750 |
| 2 | Repayment and/ or pre-payment, in part or full of term loans availed by our Company | 190 |
| 3 | General Corporate Purposes | 342.9 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
73.42%
Promoter stake
Post-IPO
49.40%
Promoter stake
Offered to Public
84,71,153
shares
Post Share Capital
1,30,37,600
shares
About the Company
We are a civil engineering, manufacturing and construction company, primary engaged in the business of manufacturing and dealing of Pre-Stressed Concrete (PSC) sleepers for railways, pre cast and prestressed concrete products for various applications and also into fabrication and erection of Mild Steel Pipes (MS Pipes), MS Liner, and Penstock pipes for Pumped Storage Project (PSP). We provide engineering, procurement, infrastructure and construction services for railway infrastructure and various civil engineering, irrigation and infrastructure development projects across sectors such as railways, renewable power and industrial sectors. Our business is divided into two segments, namely, (a) Manufacturing segment and (b) Services segment.
Use of Proceeds
a. Funding Working Capital Requirements of the Companyb. Repayment and/ or pre-payment, in part or full, of term loans availed by our Companyc. General Corporate Purposes.
Vishal Nirmiti Ltd. Latest News
News
Vishal Nirmiti makes muted debut on BSE with discount of 2%
The scrip is currently trading at Rs 204.25, down by 15.75 points or 7.16% from its issue price
Vishal Nirmiti coming with IPO to raise up to Rs 186 crore
The issue will open for subscription on September 30, 2026 and will close on October 05, 2026
IPO FAQs
The Vishal Nirmiti Ltd. IPO has a total of ₹186 crore, calculated at the upper end of the .
The Vishal Nirmiti Ltd. IPO is priced at ₹208–220 per share. bids must fall within this , against a of ₹10 per share.
The for the Vishal Nirmiti Ltd. IPO is 68 shares, which is also the minimum order quantity — you have to apply for at least 68 shares, and in multiples of 68 beyond that.
The minimum investment in the Vishal Nirmiti Ltd. IPO is about ₹14,144 — one lot of 68 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Vishal Nirmiti Ltd. opens on 30 Sept 2026 and closes on 5 Oct 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Vishal Nirmiti Ltd. shares were listed on 8 Oct 2026 on BSE and NSE.
MUFG Intime India Pvt Ltd. is the for the Vishal Nirmiti Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.
Vishal Nirmiti Ltd. IPO shares are listed on BSE and NSE.
Each Vishal Nirmiti Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 73.42% of Vishal Nirmiti Ltd. before the IPO, which falls to 49.40% after the issue.
84,71,153 shares of Vishal Nirmiti Ltd. are being offered to the public in this issue.
The Vishal Nirmiti Ltd. IPO has been subscribed 1.71x overall — 1.27x, 1.81x and 1.67x.
figures update through the issue period until it closes.
a. Funding Working Capital Requirements of the Companyb. Repayment and/ or pre-payment, in part or full, of term loans availed by our Companyc. General Corporate Purposes.
Saffron Capital Advisors Pvt Ltd is the book running lead manager for the Vishal Nirmiti Ltd. IPO.
Pre-apply means placing your Vishal Nirmiti Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Vishal Nirmiti Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Vishal Nirmiti Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.