Vishal Nirmiti Limited IPO

UpcomingInfrastructure Developers & Operators
Price band
₹208 – ₹220
Lot size
68
1 lot = ₹14,960
Issue size
₹178 Cr
Open – close
30 Sept 2026
to 05 Oct 2026
Listing
08 Oct 2026

What the filing actually says

Our read of the offer document and the exchange data — not the issuer's summary of itself

We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. No offer document for this issue has been published yet. A confident score from two fields would be worse than this notice.

Dates

The issuer's tentative timetable — a date passing is not confirmation the step completed

  1. Opens
    30 Sept 2026
  2. Closes
    05 Oct 2026
  3. Allotment
    06 Oct 2026
  4. Listing
    08 Oct 2026

The offering

Terms, structure and who is selling

Terms
Price band₹208 – ₹220
Face value₹10
Lot size68shares
Minimum application₹14,960at cut-off
Total issue size₹178 Cr
Company & valuation
ISININE1O5L01025
RegistrarMUFG Intime India Pvt Ltd

What happened to comparable issues

The last 8 issues to list with a recorded opening price, most comparable first

Median listing gain
+12.3%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
IC Electricalssame segment
378.6× sub+67.7%
142.2× sub+90.0%
1.6× sub+0.0%
1.6× sub-0.7%

Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.

About Vishal Nirmiti Limited

Vishal Nirmiti Limited is a civil engineering, manufacturing and construction company engaged in manufacturing and dealing in pre-stressed concrete (PSC) railway sleepers and precast and prestressed concrete products. It also fabricates and erects mild steel (MS) pipes, MS Liners, and Penstock Pipes for pumped storage projects. The company provides engineering, procurement, infrastructure and construction services for railway infrastructure, civil engineering, irrigation and infrastructure development projects across railways, renewable power and industrial sectors. Its business is divided into manufacturing and services segments. The company has units that are owned, leased, allotted or licensed for job work purposes across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Odisha, Delhi, Punjab and Karnataka. Its registered office is in Fort, Mumbai, Maharashtra, while its corporate office is in Aundh, Pune, Maharashtra. The company has ISO 9001:2015 certifications for its PSC sleeper and MS pipe manufacturing units and ISO 45001:2018 certification for occupational health and safety at its Kukshi, Madhya Pradesh, unit.

Founded 1994MD Ajay Bhagwandas Tapadiya and Pavan Vithaldas TapadiyaSector Infrastructure Developers & Operators

Offer documents

The primary sources everything above is drawn from

Common questions

What is the minimum investment in the Vishal Nirmiti Limited IPO?

One lot is 68 shares, so a retail application at the ₹220 cut-off price blocks ₹14,960. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.

When is the Vishal Nirmiti Limited IPO allotment date?

Allotment is scheduled for 2026-10-06, with listing on 2026-10-08. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, MUFG Intime India Pvt Ltd.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.

Vishal Nirmiti Limited IPO — GMP, subscription & review | DocStoX