VNL
Vishal Nirmiti Limited
- IPO Status
- Closed
- Open Date
- 30 Sep 2026
- Close Date
- 5 Oct 2026
IPO Details
- Min. Investment
- ₹14,960
- Price Band
- ₹208 - ₹220
- Lot Size
- 68 shares
- Issue Size
- ₹178 Cr
- Face Value
- 10
- IPO Doc
- RHP PDF
About
Vishal Nirmiti makes concrete sleepers and steel pipes for railway projects and will use IPO funds for its working capital.
- Listing At
- NSE, BSE
- Issue Type
- Mainboard
- Registrar
- Link Intime
Schedule
- IPO open30 Sep 2026
- IPO close date5 Oct 2026
- Allotment date6 Oct 2026
- Funds unblock or debit7 Oct 2026
- Listing date8 Oct 2026
Financial Performance
- Revenue
- Profit
Stocks similar to VNL
- GPT Infraprojects Limited
- Indian Hume Pipe Company Limited
Business & Strengths
Key things to know about the company
- What they do: A civil engineering firm making concrete sleepers, steel pipes, and precast products for rail and infra.
- How they make money: Indian Railways and private contractors pay for PSC sleepers, MS pipes, and construction services on a project basis.
Use of Proceeds
How the company plans to use the ₹186 cr raised
| Purpose | INR crores (%) |
|---|---|
| 148.41 (79.79%) | |
| 37.59 (20.21%) |
Subscription
Subscription numbers (in shares) as of 07:00 PM on October 05, 2026
| Category | Reserved | Applied | Subscription (X times) |
|---|---|---|---|
| Retail | 59.3 L | 98.94 L | 1.67x |
| HNI | 24.57 L | 44.46 L | 1.81x |
| QIB | 84,710 | 1.07 L | 1.27x |
| Total | 84.71 L | 1.44 Cr | 1.71x |
FAQs
Vishal Nirmiti Limited IPO is a Mainboard IPO aggregating up to ₹178 Cr, with equity shares of face value ₹10 each. The shares are proposed to be listed on NSE and BSE.
The Vishal Nirmiti Limited IPO opened on 30 Sep 2026 and closed on 5 Oct 2026. IPO Period: 30 Sep 2026 – 5 Oct 2026.
The price band for the Vishal Nirmiti Limited IPO is ₹208 to ₹220 per share. Investors can bid within the specified price band, subject to the applicable IPO rules.
The minimum lot size is 68 shares. At the upper price band of ₹220, the minimum investment required is ₹14,960.
Particular Details Lot Size 68 shares Price Band ₹208 – ₹220 Minimum Investment ₹14,960 Maximum Retail Lots 13 Here is the timeline for the Vishal Nirmiti Limited IPO:
IPO Event Date IPO Opens 30 Sep 2026 IPO Closes 5 Oct 2026 UPI Mandate Deadline 5 Oct 2026, 5:00 PM Basis of Allotment 6 Oct 2026 Refund Initiation 7 Oct 2026 Shares Credited 7 Oct 2026 Listing Date 8 Oct 2026 The basis of allotment for the Vishal Nirmiti Limited IPO is expected to be finalised on 6 Oct 2026. Investors can check their allotment status through the registrar or relevant stock exchange website using their application details. Registrar: Link Intime.
The equity shares of Vishal Nirmiti Limited are proposed to be listed on NSE and BSE. Proposed Listing Date: 8 Oct 2026.
The company plans to use the IPO proceeds for:
Purpose Amount Funding Working Capital Requirements of the Company ₹148.41 Cr (79.79%) Repayment and/ or pre-payment, in part or full, of term loans availed by our Company ₹37.59 Cr (20.21%) The key financial performance of Vishal Nirmiti Limited is:
Financial Year Revenue Profit FY24 ₹242.88 Cr ₹3.45 Cr FY25 ₹318.52 Cr ₹23.64 Cr FY26 ₹338.68 Cr ₹24.98 Cr Revenue CAGR: 18.1% | Profit CAGR: 169.1%. Figures are as disclosed in the company's offer documents.
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