Vishal Nirmiti Limited
Upcoming
0
IPO Score
0
*Score varies on actual price

Vishal Nirmiti Limited is engaged in civil engineering, manufacturing, and construction, including pre-stressed concrete sleepers for railways, pre-cast/pre-stressed concrete products, and fabrication/erection of mild steel pipes and penstock pipes for infrastructure projects. The company has filed its Draft Red Herring Prospectus with SEBI for a proposed IPO of fresh issue of equity shares aggregating up to ₹125 crore and an OFS of up to 15,00,000 equity shares through the book-building route.

Vishal Nirmiti Limited was incorporated in the year 1994.Mr. Ajay Tapadiya and Mr. Pavan Tapadiya is the Joint Managing Director of the company.

It offers manufacturing of pre-stressed concrete sleepers, precast/pre-stressed concrete products, large diameter mild steel (MS) pipes and turnkey construction/EPC services for railways, irrigation, and infrastructure sectors.Its customers include Indian Railways, government and private infrastructure projects nationwide.

Subscription date to apply for Vishal Nirmiti Limited is yet to be announced. Price band for the IPO is yet to be declared.

Revenue, PAT, EBITDA
Year
2025
Networth
₹ 61.1 Cr
Revenue
₹ 318.5 Cr
EBITDA
₹ 46.5 Cr
PAT
₹ 23.6 Cr
EBITDA Margin
~14.59%
PAT Margin
~7.42%
Face Value
Rs.10 per Equity Share
IPO Important Dates
#
Date
Open Date
TBA
Close Date
TBA
Anchor Investor Bidding
TBA
Allotment Date
TBA
Refunds& Demat Credit
TBA
Tentative Listing Date
TBA
Use Of Proceeds
Purpose
Amount
Borrowing payment
~ ₹ 20 Cr
Working Capital Requirement
~ ₹ 65 Cr
-
-
-
-
-
-
General Corporate Purpose
Balance
Financial Data
#
2023
2024
2025
Revenue (₹ Cr)
266.64
242.88
318.51
PAT (₹ Cr)
3.01
3.44
23.63
Asset (₹ Cr)
224.5
242.03
296.6
Net Worth (₹ Cr)
34.56
38.12
61.12
IPO Grey Market Premium
Date
IPO Price
IPO GMP
Profit Per Lot
08-Aug
₹ –
₹ –
₹ –
07-Aug
₹ –
₹ –
₹ –
06-Aug
₹ –
₹ –
₹ –
05-Aug
₹ –
₹ –
₹ –
04-Aug
₹ –
₹ –
₹ –
Promoters – Pre offer equity (Approx)
Promoters
% Shares
Naveen Tapadiya
~6.33%
Vedant Tapadiya
~6.33%
Suyash Vithaldas Tapadiya
~4.43%
Pavan Vithaldas Tapadiya
~4.43%
Ajay Bhagwandas Tapadiya
~3.23%
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-
Lot Size details
Application Type
Lot Size
No. of Lot
No. of Shares
Investment Amount
Retail (Min)
1
₹ –
Retail (Max)
13
₹ –
HNI (Min)
14
₹ –
HNI (Max)
66
₹ –
Big HNI (Min)
67
₹ –
  • It is a civil engineering and manufacturing company producing pre-stressed concrete sleepers, precast/pre-stressed concrete products, and mild-steel pipes for railways, irrigation, and infrastructure projects.
  • Vishal Nirmiti is raising funds via IPO to expand it’s manufacturing capacity, reduce debt, strengthen the balance sheet, and support long-term working capital and growth in infrastructure project execution.
  • The issue size comprises a fresh issue of ₹ 125 crore plus an OFS of 15 Lakh equity shares. It will be listed on the BSE & NSE platform.
  • Dependency on government tenders, raw material cost volatility, execution delays on large infrastructure contracts, and limited publicly disclosed market share data.
  • Positive sides of the IPO is it’s strong infrastructure demand, diversified product mix, established project execution experience, and potential growth from capacity expansion funded by the IPO.
  • You can apply for the IPO online via your broker or bank’s IPO/ASBA facility using UPI/net banking once dates and price band are announced.
  • Expected listing date is yet to be announced.

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