Vishal Nirmiti Limited IPO to open on 30th Sept

Ahmedabad: Vishal Nirmiti Limited proposes to open its initial public offering of equity shares of face value ₹10 each on Wednesday, 30th September, 2026. The Bid/Offer Closing Date is Monday, 5th October, 2026, a press release said.

As per the company, the Price Band of the Offer has been fixed from ₹208 per Equity Share of face value ₹10 each to ₹220 per Equity Share of face value of ₹10 each. Bids can be made for a minimum of 68 Equity Shares of face value ₹10 each and multiples of 68 Equity Shares of face value ₹10 each thereafter. The Offer comprises a Fresh Offer of up to ₹145.00 crore and an Offer for Sale of up to 15,00,000 Equity Shares of ₹10 each aggregating up to ₹31.20 crore at the Floor Price of ₹208 per Equity Share and ₹33.00 crore at the Cap Price of ₹220 per Equity Share by the (“Selling Shareholder”) Vaman Prestressing Company Private Limited. The total Offer size amounts to ₹178.00 crore at the Cap Price and the Company proposes to utilise the ₹75.00 crore of the total Net Proceeds towards funding working capital requirements and ₹19.00 crore for repayment/pre-payment of term loans.

Vishal Nirmiti Limited is a civil engineering, manufacturing and construction company, primarily engaged in the business of manufacturing and dealing of Pre-Stressed Concrete (PSC) sleepers for railways, precast and pre-stressed 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).

The Equity Shares of the Company are proposed to be listed on the Main Board of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

Saffron Capital Advisors Private Limited is the sole Book Running Lead Manager to the Offer and MUFG Intime India Private Limited is the Registrar to the Offer.