Vishal Nirmiti Ltd IPO was priced at ₹208–₹220 per share with an issue size of ₹178 crore. The IPO opened on Sep 30, 2026 and closed on Oct 05, 2026, with a lot size of 68 shares and a minimum investment of ₹14,960.
Subscription data isn't available yet — it appears once bidding opens.
| Price Band | ₹208.00 - ₹220.00 per share |
| Lot Size | 68 shares |
| Min Investment | ₹14,960 |
| Total Issue Size | ₹178.00 crore |
| Shares Offered | 80,90,909 |
| Issue Structure | Fresh Issue + Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Lead Manager(s) | Saffron Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Listing At | BSE, NSE |
Issue price ₹220 · lot size 68 shares · estimated listing price ₹225 (GMP +₹5)
| Category | Lots | Shares | Investment | Value at listing | Profit |
|---|---|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,960 | ₹15,300 | +₹340 |
| Retail (Max) | 13 | 884 | ₹1,94,480 | ₹1,98,900 | +₹4,420 |
| S-HNI (Min) | 14 | 952 | ₹2,09,440 | ₹2,14,200 | +₹4,760 |
| S-HNI (UPI limit) | 33 | 2,244 | ₹4,93,680 | ₹5,04,900 | +₹11,220 |
| S-HNI (Max) | 66 | 4,488 | ₹9,87,360 | ₹10,09,800 | +₹22,440 |
| B-HNI (Min) | 67 | 4,556 | ₹10,02,320 | ₹10,25,100 | +₹22,780 |
| Metric | Latest Reported |
|---|---|
| Total Income | ₹344.13 Cr |
| Profit After Tax | ₹24.98 Cr |
| Net Worth | ₹86.34 Cr |
Promoters: Brij B Tapadiya, Ajay Bhagwandas Tapadiya, Pavan Vithaldas Tapadiya
| Promoter Holding (Pre-Issue) | 73.42% |
| Promoter Holding (Post-Issue) | 49.4% |
Vishal Nirmiti Limited is a civil engineering, manufacturing, and construction company primarily engaged in manufacturing and dealing of Pre-Stressed Concrete (PSC) sleepers for railways, pre-cast and pre-stressed concrete products, as well as fabrication and erection of Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects (PSPs).
| Founded | 1994 |
| Headquarters | Mumbai, Maharashtra |
| Industry | Civil Engineering |
| Website | https://www.vishalnirmiti.com/ |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Phone | 022-49186000 |
| [email protected] |
11 answers about Vishal Nirmiti Ltd IPO — dates, pricing, allotment and listing.
Vishal Nirmiti Ltd IPO is a bookbuilding ipo of ₹178 crore. The issue was priced at ₹208–₹220 per share, with a lot size of 68 shares. Bidding ran from Wed, 30 Sep 2026 to Mon, 05 Oct 2026, with shares listed on BSE and NSE.
The price band was ₹208–₹220 per share.
One lot was 68 shares. Bids had to be placed in multiples of 68.
A retail investor needed at least ₹14,960 – one lot of 68 shares at ₹220, the upper end of the price band.
Vishal Nirmiti Ltd IPO opened on Wed, 30 Sep 2026 and closed on Mon, 05 Oct 2026.
Allotment was finalised on Tue, 06 Oct 2026.
Vishal Nirmiti Ltd shares were listed on Thu, 08 Oct 2026 on BSE and NSE.
The company intended to use the net proceeds towards funding working capital requirements of the company, repayment and/ or pre-payment, in part or full of term loans and general corporate purposes.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager. MUFG Intime India Pvt.Ltd is the registrar to the issue.
Category-wise demand from retail, NII and QIB bidders is on the Vishal Nirmiti Ltd IPO subscription page, and on the BSE and NSE websites.
From Tue, 06 Oct 2026, check the Vishal Nirmiti Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.