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Vishal Nirmiti IPO Opens September 30: Price Band Set at Rs 208-220
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News18•26-09-2026, 13:15
Vishal Nirmiti IPO Opens September 30: Price Band Set at Rs 208-220
- •Vishal Nirmiti Ltd, a civil engineering and construction company, will open its Initial Public Offering (IPO) for subscription on September 30.
- •The price band for the IPO has been fixed at Rs 208-220 per equity share, with the subscription period closing on October 5.
- •The IPO comprises a fresh issue of up to 69.71 lakh equity shares (Rs 145 crore) and an Offer For Sale (OFS) of 15 lakh shares (Rs 33 crore), totaling Rs 178 crore at the upper price band.
- •Proceeds from the IPO will be used for working capital requirements, loan repayments, and general corporate purposes.
- •Vishal Nirmiti specializes in manufacturing pre-stressed concrete sleepers, pre-cast products, and providing engineering and construction services for railway and civil infrastructure projects.
Key Questions Answered
The Vishal Nirmiti initial public offering will open for subscription on September 30 and is scheduled to close on October 5.
The price band for the IPO has been fixed at Rs 208 to Rs 220 per equity share, with the total issue size standing at Rs 178 crore at the upper price band.
The company proposes to utilize the proceeds from the IPO to fund its working capital requirements, repay certain loans, and support general corporate purposes.
