Vishal Nirmiti IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹[.] to ā¹[.] Per Share |
| Issue Size | Approx ā¹[.] Crores |
| Fresh Issue | Approx ā¹125 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 Review & Key Points
- Review:
Vishal Nirmiti IPO Market Lot
The Vishal Nirmiti IPO minimum market lot is [.] shares with ā¹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ā¹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ā¹- |
| Retail Maximum | – | – | ā¹- |
| S-HNI Minimum | – | – | ā¹- |
| S-HNI Maximum | – | – | ā¹- |
| B-HNI Minimum | – | – | ā¹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Vishal Nirmiti IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Vishal Nirmiti IPO Dates
The Vishal Nirmiti IPO date is 2026 and the close date is 2026. The Vishal Nirmiti IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
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 | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding Working Capital Requirements | ā¹65.00 |
| Repayment and/ or pre-payment, in part or full of term loans | ā¹20.00 |
| General Corporate Purpose | ā¹- |
About Vishal Nirmiti IPO
To be updated soon
Vishal Nirmiti IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹270.58 | ā¹266.65 | ā¹3.01 | ā¹224.50 |
| 2024 | ā¹247.93 | ā¹243.35 | ā¹3.45 | ā¹242.04 |
| 2025 | ā¹324.86 | ā¹293.72 | ā¹23.64 | ā¹296.61 |
| Sep 2025 | ā¹136.75 | ā¹125.78 | ā¹8.41 | ā¹326.49 |
Vishal Nirmiti IPO Valuation – FY2025
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: | 47.21% |
| ROCE: | 30.32% |
| EBITDA Margin: | 14.59% |
| PAT Margin: | 7.42% |
| Debt to equity ratio: | 1.43 |
| Earning Per Share (EPS): | ā¹11.94 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 47.63% |
| Net Asset Value (NAV): | ā¹30.87 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| GPT Infraprojects Limited | 6.55 | 17.10 | 14.31 | 42.83 | 1188.07 Cr. |
| Indian Hume Pipe Company Limited | 105.93 | 3.6 | 40.54 | 261.32 | 1491.23 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: ipo@vishalnirmiti.com
Website: https://www.vishalnirmiti.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: vishalnirmiti.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Vishal Nirmiti IPO FAQs
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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).
