Vishal Nirmiti IPO Details
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Face Value | â‚ą10 Per Equity Share |
| IPO Price Band | â‚ą208 to â‚ą220 Per Share |
| Issue Size | Approx â‚ą178 Crores |
| Fresh Issue | Approx â‚ą145 Crores |
| Offer for Sale: | Approx 15,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Vishal Nirmiti IPO Market Lot
The Vishal Nirmiti IPO minimum market lot is 68 shares with â‚ą14,960 application amount. The retail investors can apply up-to 13 lots with 884 shares of â‚ą1,94,480 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 68 | â‚ą14,960 |
| Retail Maximum | 13 | 884 | â‚ą1,94,480 |
| S-HNI Minimum | 14 | 952 | â‚ą2,09,440 |
| S-HNI Maximum | 66 | 4488 | â‚ą9,87,360 |
| B-HNI Minimum | 67 | 4556 | â‚ą10,02,320 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| QIB (Ex. Anchor) | 80,909 Shares | 1% |
| NII Shares Offered | 23,46,364 Shares | 29% |
| Retail Shares Offered | 56,63,636 Shares | 70% |
Vishal Nirmiti IPO Dates
The Vishal Nirmiti IPO date is September 30 and the close date is October 5. The Vishal Nirmiti IPO allotment will be finalized on October 6 and the IPO listing on October 8.
| IPO Open Date: | September 30, 2026 |
| IPO Close Date: | October 5, 2026 |
| Basis of Allotment: | October 6, 2026 |
| Refunds: | October 7, 2026 |
| Credit to Demat Account: | October 7, 2026 |
| IPO Listing Date: | October 8, 2026 |
Promoters and Holding Pattern
The promoters of the company are Brij B Tapadiya, Ajay Bhagwandas Tapadiya, Pavan Vithaldas Tapadiya, Akhil Ranchod Tapadiya, Naveen Tapadiya, Rajendrakumar Badrinarayan Tapadiya, Suyash Vithaldas Tapadiya, Vedant Tapadiya and Keshav Tapadiya.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 1,45,37,600 | 73.42% | 13,037,600 | 49.40% |
| Others* | 52,62,400 | 26.58% | 13,353,309 | 50.60% |
| Total | 1,98,00,000 | 100% | 26,390,909 | 100% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding Working Capital Requirements | â‚ą75.00 |
| Repayment and/ or pre-payment, in part or full of term loans | â‚ą19.00 |
| General Corporate Purpose | â‚ą- |
About Vishal Nirmiti IPO
Incorporated in 1994, Vishal Nirmiti is one of the leading civil engineering, manufacturing, and construction companies that manufacture 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).
The firm also offers EPC services for railway infrastructure, irrigation, and civil engineering projects, catering to various sectors such as railways, renewable power, and industrial infrastructure. Vishal Nirmiti has a pan-India presence across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka. Moreover, the firm is backed by experienced promoters and has over 4 years of industry experience.
Vishal Nirmiti IPO Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | â‚ą270.58 | â‚ą266.65 | â‚ą3.01 | â‚ą224.50 |
| 2024 | â‚ą247.93 | â‚ą243.35 | â‚ą3.45 | â‚ą242.04 |
| 2025 | â‚ą324.86 | â‚ą293.72 | â‚ą23.64 | â‚ą296.61 |
| 2026 | â‚ą344.13 | â‚ą310.35 | â‚ą24.98 | â‚ą334.92 |
Vishal Nirmiti IPO Valuation – FY2026
Check Vishal Nirmiti IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 33.67% |
| ROCE: | 28.02% |
| EBITDA Margin: | 15.10% |
| PAT Margin: | 7.37% |
| Debt to equity ratio: | 1.01 |
| Earning Per Share (EPS): | â‚ą12.61 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 33.87% |
| Net Asset Value (NAV): | â‚ą43.61 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| GPT Infraprojects Limited | 7.70 | 14.83 | 18.25 | 41.77 | 1,289.92 Cr. |
| Indian Hume Pipe Company Limited | 26.79 | 13.86 | 9.51 | 281.76 | 1,305.57 Cr. |
IPO Lead Managers aka Merchant Bankers
- Saffron Capital Advisors Pvt.Ltd.
Company Address
Vishal Nirmiti Ltd.
303, 17 Elphinstone House,
Marzban Road, New Empire Cinema,
Fort
Mumbai, Maharashtra, 400001
Phone: +91 20 27299915
Email: [email protected]
Website: https://www.vishalnirmiti.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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Note: The Vishal Nirmiti IPO price band and date are officially announced. The (Vishal Nirmiti IPO grey market premium) will be added to the IPO GMP page as it will start).
One Response
This share is very bad for me 2 lot aa tha aaj abhi Tak 8200 rupees ka loss ho gaya hai pata nahi kew daily lower circuit kew lag raha hai