Vishal Nirmiti IPO Description – Vishal Nirmiti operates as an integrated civil engineering, manufacturing, and infrastructure development player with a strong focus on railway and large-scale infrastructure projects. Its business model is divided into two key segments—manufacturing and services—enabling end-to-end execution capabilities across the project lifecycle.
Under the manufacturing vertical, the company primarily produces Pre-Stressed Concrete (PSC) sleepers for Indian Railways and private sector clients, along with large-diameter Mild Steel (MS) pipes, liners, and penstock pipes used in hydro, irrigation, and infrastructure projects. The services segment includes EPC activities, subcontracting, precast solutions for high-speed rail, wind power generation (1.8 MW capacity), scrap sales, and leasing income streams. Manufacturing contributes over 75% of total revenue, indicating a strong core business, while services provide diversification. With an order book of INR 442.31 crore as of September 2025. As of 30 September 2025, the company employs 288 personnel.
Promoters of Vishal Nirmiti – Brij B Tapadiya, Ajay Bhagwandas Tapadiya, Pavan Vithaldas Tapadiya, Akhil Ranchod Tapadiya, Naveen Tapadiya, Rajendrakumar Badrinarayan Tapadiya, Suyash Vithaldas Tapadiya, Vedant Tapadiya and Keshav Tapadiya
Vishal Nirmiti IPO Details
| Vishal Nirmiti IPO Dates | Coming soon |
| Vishal Nirmiti Issue Price | Coming soon |
| Fresh Issue | INR 125 crore |
| Offer For Sale | 15,00,000 shares |
| Total IPO Size | Coming soon |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | *** shares |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Vishal Nirmiti IPO Allocation in Different Categories
Vishal Nirmiti Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 266.64 | 242.88 | 318.52 | 135.24 |
| Expenses | 266.65 | 243.35 | 293.72 | 125.78 |
| Net Income | 3.01 | 3.45 | 23.64 | 8.41 |
| Margin (%) | 1.13 | 1.42 | 7.42 | 6.22 |
Vishal Nirmiti Offer News
Vishal Nirmiti Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 1.52 | 1.74 | 11.94 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.13 | 1.14 | 1.09 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 9.01 | 9.48 | 47.63 |
| NAV | 17.45 | 19.25 | 30.87 |
| ROCE (%) | 17.09 | 14.60 | 30.32 |
| EBITDA (%) | 8.76 | 9.53 | 14.59 |
| Debt/Equity | 2.35 | 2.38 | 1.43 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Vishal Nirmiti IPO Anchor Investors
Vishal Nirmiti raises () from anchor investors. Vishal Nirmiti Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Vishal Nirmiti IPO GMP Today (Daily Trend)
Vishal Nirmiti Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding Working Capital Requirements of the company; – INR 65 crore
- Repayment and/ or pre-payment, in part or in full, of term loans availed by the company – INR 20 crore
- General Corporate Purposes
Vishal Nirmiti IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Vishal Nirmiti – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Vishal Nirmiti | – | 11.94 | 47.63 | 30.87 | 318.52 |
| GPT Infraprojects | 16.30 | 6.55 | 14.31 | 42.83 | 1,188.07 |
| Indian Hume Pipe Company | 3.88 | 105.93 | 40.54 | 261.32 | 1,491.23 |
Vishal Nirmiti IPO Allotment Status
You can check Vishal Nirmiti IPO allotment status on MUFG Intime’s website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Vishal Nirmiti IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Vishal Nirmiti IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Vishal Nirmiti IPO Reviews – Subscribe or Avoid?
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Vishal Nirmiti IPO Lead Manager
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, Sixth floor, Centre Point, Andheri Kurla Road,
J.B. Nagar, Andheri (East), Mumbai- 400 059, India.
Tel: +91 2249730394
E-mail: [email protected]
Website: www.saffronadvisor.com
Vishal Nirmiti Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
VISHAL NIRMITI LIMITED
Suyash, S. No. 255/1 +2/2, Ashiyana Park-II,
Aundh, Haveli, Pune – 411007 Maharashtra, India
Phone: +91 20 27299915
Email: [email protected]
Website: www.vishalnirmiti.com
IPO Resources
How many shares in Vishal Nirmiti IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Vishal Nirmiti Public Offer?
What is Vishal Nirmiti IPO GMP today?
Vishal Nirmiti IPO GMP today is INR NA per share.
What is Vishal Nirmiti Subject to Sauda rate today?
Vishal Nirmiti Subject to Sauda rate today is INR NA per application.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
