Vishal Nirmiti Limited
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Vishal Nirmiti Limited's completed its IPO journey with a successful listing on NSE, BSE on Oct 08, 2026. The public offering mobilized 80,90,909 Shares in total capital, comprising 65,90,909 Shares in fresh equity and ₹33.00 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹208 to ₹220, with minimum application lots of 68 shares. Investor participation during the Sep 30, 2026 to Oct 05, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Oct 06, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Vishal Nirmiti Limited, incorporated in 1994, is a civil engineering and construction company involved in manufacturing pre-stressed concrete sleepers for railways, pre-cast concrete products, and fabrication of MS pipes and related structures used in infrastructure projects. The company also provides EPC services across railway, irrigation, renewable energy, and industrial sectors, offering end-to-end solutions from manufacturing to project execution. Its business is divided into manufacturing, which includes railway sleepers and infrastructure components, and services, which covers construction work, fabrication, leasing, and other project-related activities. With operations spread across multiple states in India and backed by experienced promoters, the company has built a strong presence in infrastructure development.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Focused Construction & Infrastructure Business: Engaged in execution of residential and infrastructure projects, supporting steady demand from urban development.
- Diversified Project Portfolio: Works across multiple types of construction projects, reducing reliance on a single segment.
- Execution Experience: Established track record in project completion helps build credibility and secure repeat contracts.
- Dependence on Real Estate & Infrastructure Cycles: Business performance is closely linked to market demand and government spending.
- Working Capital Intensive: Requires continuous funding for raw materials, labor, and project execution, impacting cash flow.
- Competitive Industry: Faces strong competition from regional and organized construction players, leading to pricing pressure.
- Brij B Tapadiya
- Ajay Bhagwandas Tapadiya
- Pavan Vithaldas Tapadiya
- Akhil Ranchod Tapadiya
- Naveen Tapadiya
- Rajendrakumar Badrinarayan Tapadiya
- Suyash Vithaldas Tapadiya
- Vedant Tapadiya
- Keshav Tapadiya
Vishal Nirmiti Limited
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