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Vishal Nirmiti IPO Opens September 30: Price Band Set at Rs 208-220 Per Share
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Moneycontrol•28-09-2026, 09:37
Vishal Nirmiti IPO Opens September 30: Price Band Set at Rs 208-220 Per Share
- •Vishal Nirmiti's maiden public issue, worth Rs 178 crore, opens for subscription on September 30, with the price band fixed at Rs 208-220 per share.
- •The Pune-headquartered civil engineering and construction company manufactures pre-stressed concrete sleepers for railways and other precast/prestressed concrete products.
- •The IPO includes a fresh issue of Rs 145 crore and an offer-for-sale of 15 lakh shares by promoter entity Vaman Prestressing Company.
- •Vishal Nirmiti's order book stood at Rs 581.8 crore as of June 2026, with significant contributions from railway sleepers and infrastructure services.
- •The company plans to utilize Rs 75 crore from the fresh issue for working capital, Rs 19 crore for debt repayment, and the remainder for general corporate purposes.
Key Questions Answered
The Vishal Nirmiti IPO opens for subscription on September 30 with its price band fixed at Rs 208 to Rs 220 per share, and the offer is scheduled to close on October 5.
Vishal Nirmiti intends to use Rs 75 crore of the net proceeds for working capital requirements, Rs 19 crore for debt repayment, and the remaining funds for general corporate purposes.
The maiden public issue is worth Rs 178 crore, which includes a fresh issue of shares worth Rs 145 crore and an offer-for-sale of 15 lakh shares by promoter entity Vaman Prestressing Company.
