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Vishal Nirmiti Ipo

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IPO Listing Details

Listed on

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Issue price

₹220

Listing price

₹215

Listing gains

-2.27%

Vishal Nirmiti Ipo Details

Bidding date

30 - 5 Oct 26

Minimum investment

₹14,960

Lot size

68

Price range

₹208 - ₹220

Issue size

80.91 L Shares

IPO doc

RHP PDF

Allotment date

6 Oct 26

IPO Status

Offer start

30 Sept 26

Offer end

5 Oct 26

Allotment

6 Oct 26

Refund initiation

7 Oct 26

Demat transfer

7 Oct 26

Listing

8 Oct 26

About the company

Incorporated in 1994, Vishal Nirmiti Limited (formerly Sejal Farms Private 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). The company also provides engineering, procurement, and construction (EPC) services for railway infrastructure, irrigation, and civil engineering projects across sectors such as railways, renewable power, and industrial infrastructure. Business Segments: Manufacturing segment: Includes PSC sleeper manufacturing for Indian Railways, DFCCIL, and private clients, as well as MS pipes, MS liners, and penstock pipes for hydro power, lift irrigation, water supply, and infrastructure projects. Services segment: Covers job work contracts for MS pipes, liners, penstock pipes, pre-cast and pre-stressed elements (such as noise barriers and cable ducts), hydro-mechanical structures, as well as construction works, power generation through windmills, transportation, leasing, and sale of scrap. VNL has a pan-India presence with operational units across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka and is led by a highly experienced promoter group with over four decades of domain expertise As of June 30, 2026, the Company employed 420 employees in various departments.

Issue size

Funds Raised in the IPOAmount
Overall Issue Size₹178 Cr
Fresh issue₹145 Cr
Offer for sale₹33 Cr

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