The Vishal Nirmiti IPO began on 30-September-2026. It will close on 05-October-2026. The Total IPO Size is 178 Crores. The company set its IPO price at Rs 220 per share.
There are three basic categories in Vishal Nirmiti IPO Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail.
Vishal Nirmiti are a civil engineering, manufacturing and construction company, primarily 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 are also into fabrication and erection of Mild Steel Pipes (MS Pipes), MS Liner, and Penstock Pipes for Pumped Storage Project (PSP).
They 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.
They are currently present in the states of Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Odisha, Delhi, Punjab and Karnataka wherein we have units either owned by us, or leased or allotted or licensed for job work purposes catering to our clients and business requirement.
Vishal Nirmiti IPO Promoters
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 are the promoters of the company.
Vishal Nirmiti IPO Date, Details & Price Band
The Vishal Nirmiti IPO Price Band, IPO Dates, Market lot and other details are mentioned in the table below.
| IPO Opening Dates | 30-September-2026 |
| IPO Closing Dates | 05-October-2026 |
| Price | 208-220 Rs |
| Fresh Issue | 145 Crores |
| Offer for sale | 33 Crores |
| Total IPO size | 178 Crores |
| Face Value | 10 INR per share |
| Issue Type | Book Built Issue |
| Listing On | NSE, BSE |
| Pre IPO Market Cap | 580.60 Cr (on Upper Price) |
Vishal Nirmiti IPO Market Lot
The Vishal Nirmiti IPO minimum market lot is 68 shares, with a ₹14,960 application amount.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 68 | ₹14,960 |
| Retail Maximum | 13 | 884 | ₹1,94,480 |
| S-HNI Minimum | 14 | 952 | ₹2,09,440 |
| S-HNI Maximum | 66 | 4488 | ₹9,87,360 |
| B-HNI Minimum | 67 | 4556 | ₹10,02,320 |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-26 | 334.92 | 344.13 | 24.98 |
| 31-Mar-25 | 296.61 | 324.86 | 23.64 |
| 31-Mar-24 | 242.04 | 247.93 | 3.45 |
Vishal Nirmiti IPO GMP & Grey Market Premium
The Vishal Nirmiti IPO GMP (Grey Market Premium) has started today. Check the Latest Vishal Nirmiti IPO GMP, Kostak Rates, and Subject to Sauda Price here.
Vishal Nirmiti IPO Prospectus
The Vishal Nirmiti IPO Prospectus is Available on the Vishal Nirmiti/BSE and SEBI websites, as well as on our Portal. Please click here to download the Vishal Nirmiti IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investors List | Download |
Vishal Nirmiti IPO Allotment Date & Details
| Allotment Date | 06-October-2026 |
| Initiation of refunds | 07-October-2026 |
| Transfer of shares to Demat accounts | 07-October-2026 |
| Listing Date | 08-October-2026 |
| Check Allotment Status | Click here |
Vishal Nirmiti IPO Registrar
MUFG Intime India Private Limited
(formerly known as Link Intime India Private Limited)
Address: C-101, Embassy 247, L.B.S Marg, Vikhroli (West),
Mumbai – 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: vishalnirmiti.ipo@in.mpms.mufg.com
Website: www.in.mpms.mufg.com
Investor grievance e-mail: vishalnirmiti.ipo@in.mpms.mufg.com
Contact person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Vishal Nirmiti IPO Contact Address
Vishal Nirmiti Ltd
Address : 303, 17 Elphinstone House,
Marzban Road, New Empire Cinema,
Fort Mumbai, Maharashtra, 400001
+91 9823877359
ipo@vishalnirmiti.com
Vishal Nirmiti IPO Lead Managers
Saffron Capital Advisors Private Limited
605, Center Point, 6th floor, J. B. Nagar, Andheri Kurla Road,
Andheri (East), Mumbai – 400 059, Maharashtra, India.
Tel: +91 22 4973 0394
E-mail: ipos@saffronadvisor.com
Website: www.saffronadvisor.com
Investor grievance e-mail:investorgrievance@saffronadvisor.com
Contact person: Pratibha Joshi/ Satej Darde
SEBI Registration Number: INM000011211
