{"id":8817,"date":"2026-09-26T10:45:28","date_gmt":"2026-09-26T05:15:28","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=8817"},"modified":"2026-09-26T10:45:28","modified_gmt":"2026-09-26T05:15:28","slug":"details-of-vishal-nirmiti-limited","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/details-of-vishal-nirmiti-limited\/","title":{"rendered":"Details of Vishal Nirmiti Limited IPO : Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Vishal Nirmiti\u00a0IPO Price:<\/strong> \u20b9208 to \u20b9220 per share<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IPO Dates:<\/strong> 30 Sept to 5 Oct, 2026<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"336\" height=\"150\" src=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2026\/09\/vishal-nirmiti-logo.png\" alt=\"\" class=\"wp-image-8819\" style=\"width:346px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2026\/09\/vishal-nirmiti-logo.png 336w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2026\/09\/vishal-nirmiti-logo-300x134.png 300w\" sizes=\"(max-width: 336px) 100vw, 336px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Incorporated in 1994, Vishal Nirmiti Limited (formerly Sejal Farms Private 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).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company also provides engineering, procurement, and construction (EPC) services for railway infrastructure, irrigation, and civil engineering projects across sectors such as railways, renewable power, and industrial infrastructure.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Business Operations<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Company&#8217;s business is divided into two segments:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Manufacturing segment: Includes PSC sleeper manufacturing for Indian Railways, DFCCIL, and private clients, as well as MS pipes, MS liners, and penstock pipes for hydro power, lift irrigation, water supply, and infrastructure projects.<\/li>\n\n\n\n<li>Services segment: Covers job work contracts for MS pipes, liners, penstock pipes, pre-cast and pre-stressed elements such as noise barriers and cable ducts, hydro-mechanical structures, as well as construction works, power generation through windmills, transportation, leasing, and sale of scrap.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Market Presence<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Company has a pan-India presence with operational units across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Management &amp; Experience<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Company is led by a highly experienced promoter group with over four decades of domain expertise.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Workforce<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As of June 30, 2026, the Company employed 420 employees across various departments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Competitive Strengths<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Execution capabilities with industry experience and strong operating systems, providing comprehensive solutions.<\/li>\n\n\n\n<li>Dedicated focus on railway infrastructure development and manufacture of PSC sleepers.<\/li>\n\n\n\n<li>Deeply entrenched, long-term relationships with customers.<\/li>\n\n\n\n<li>Experienced Management Team driving the growth of the Company.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n<div\n\t\tclass=\"align wp-block-ctb-countdown-time\"\tid='ctbCountdownTime-1'\n\tdata-attributes='{&quot;destDate&quot;:&quot;2026-09-30T10:00:00&quot;,&quot;padding&quot;:{&quot;vertical&quot;:&quot;10px&quot;,&quot;horizontal&quot;:&quot;15px&quot;,&quot;side&quot;:4,&quot;top&quot;:&quot;10px&quot;,&quot;right&quot;:&quot;15px&quot;,&quot;bottom&quot;:&quot;10px&quot;,&quot;left&quot;:&quot;15px&quot;},&quot;shadow&quot;:{&quot;hOffset&quot;:&quot;1px&quot;,&quot;color&quot;:&quot;rgba(204, 31, 31, 1)&quot;},&quot;boxBG&quot;:{&quot;type&quot;:&quot;solid&quot;,&quot;color&quot;:&quot;var(--ast-global-color-5)&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg,rgb(254,209,199) 45%,rgb(254,141,198) 100%)&quot;},&quot;boxBorder&quot;:{&quot;radius&quot;:&quot;5%&quot;,&quot;color&quot;:&quot;var(--ast-global-color-3)&quot;,&quot;width&quot;:&quot;3px&quot;},&quot;boxShadow&quot;:{&quot;color&quot;:&quot;rgba(57, 64, 67, 1)&quot;,&quot;hOffset&quot;:&quot;2px&quot;,&quot;vOffset&quot;:&quot;2px&quot;,&quot;blur&quot;:&quot;10px&quot;,&quot;spreed&quot;:&quot;2px&quot;},&quot;digitColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;labelColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;isSep&quot;:true,&quot;sepSize&quot;:68,&quot;sepColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;align&quot;:&quot;&quot;,&quot;layout&quot;:&quot;default&quot;,&quot;isResponsive&quot;:true,&quot;boxIsInline&quot;:false,&quot;boxPosition&quot;:&quot;center&quot;,&quot;isLabels&quot;:true,&quot;isDays&quot;:true,&quot;daysLabel&quot;:&quot;Days&quot;,&quot;isHours&quot;:true,&quot;hoursLabel&quot;:&quot;Hours&quot;,&quot;isMinutes&quot;:true,&quot;minutesLabel&quot;:&quot;Minutes&quot;,&quot;isSeconds&quot;:true,&quot;secondsLabel&quot;:&quot;Seconds&quot;,&quot;isExpired&quot;:false,&quot;hideOn0&quot;:false,&quot;hideOnMobile&quot;:false,&quot;hideOnTablet&quot;:false,&quot;prefixSuffixDirection&quot;:&quot;row&quot;,&quot;prefixText&quot;:&quot;&quot;,&quot;suffixButtonText&quot;:&quot;&quot;,&quot;suffixButtonUrl&quot;:&quot;#&quot;,&quot;addID&quot;:&quot;&quot;,&quot;addClass&quot;:&quot;&quot;,&quot;addCSS&quot;:&quot;&quot;,&quot;width&quot;:&quot;0px&quot;,&quot;background&quot;:{&quot;color&quot;:&quot;#0000&quot;},&quot;alignment&quot;:&quot;center&quot;,&quot;boxWidth&quot;:&quot;170px&quot;,&quot;boxHeight&quot;:&quot;120px&quot;,&quot;boxSpace&quot;:&quot;30px&quot;,&quot;digitTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;48px&quot;,&quot;tablet&quot;:&quot;40px&quot;,&quot;mobile&quot;:&quot;32px&quot;}},&quot;labelTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;18px&quot;,&quot;tablet&quot;:&quot;17px&quot;,&quot;mobile&quot;:&quot;16px&quot;}},&quot;isDaysSingleStyle&quot;:false,&quot;daysBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, 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#18D4FD)&quot;},&quot;secondsDigitColor&quot;:&quot;#fff&quot;,&quot;secondsLabelColor&quot;:&quot;#fff&quot;,&quot;sepType&quot;:&quot;:&quot;,&quot;prefixTextTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;15px&quot;}},&quot;prefixTextColor&quot;:&quot;#222&quot;,&quot;suffixButtonTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;16px&quot;}},&quot;suffixButtonColors&quot;:{&quot;color&quot;:&quot;#fff&quot;,&quot;bg&quot;:&quot;#222&quot;},&quot;suffixButtonPadding&quot;:{&quot;vertical&quot;:&quot;14px&quot;,&quot;horizontal&quot;:&quot;28px&quot;},&quot;isDismiss&quot;:false,&quot;dismissColor&quot;:&quot;#333&quot;}'\n\tdata-content='&quot;&quot;'\n><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-buttons alignfull is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-cbcdc57d wp-block-buttons-is-layout-flex\">\n<div style=\"--wp--block-button--width: 100;\" class=\"wp-block-button is-style-fill has-custom-width wp-block-button__width wp-block-button__width-100\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-link-color has-medium-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" style=\"border-width:18px;border-radius:32px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--50)\" target=\"_blank\" rel=\"https:\/\/lakshmishree.com\/ipo\/ noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Vishal Nirmiti\u00a0Limited IPO Specifics:<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table alignleft\"><table class=\"has-fixed-layout\"><tbody><tr><td> IPO Date<\/td><td>30 Sep to 5 Oct, 2026<\/td><\/tr><tr><td>Listing Date<\/td><td>Thu, Oct 8, 2026T<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9208 to \u20b9220<\/td><\/tr><tr><td>Lot Size<\/td><td>68 Shares<\/td><\/tr><tr><td>Sale Type<\/td><td>Fresh capital cum OFS<\/td><\/tr><tr><td>Issue Type<\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Total Issue Size<\/td><td>80,90,909 shares<br>(agg. up to \u20b9178 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>65,90,909 shares<br>(agg. up to \u20b9145 Cr)<\/td><\/tr><tr><td>Offer for Sale<\/td><td>15,00,000 shares of \u20b910<br>(agg. up to \u20b933 Cr)<\/td><\/tr><tr><td>Share Holding Pre Issue<\/td><td>1,98,00,000 shares<\/td><\/tr><tr><td>Share Holding Post Issue<\/td><td>2,63,90,909 shares<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vishal Nirmiti\u00a0Limited IPO Timetable (Important Dates)<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Event<\/th><th>Date<\/th><\/tr><\/thead><tbody><tr><td>IPO Open<\/td><td>Wed, Sep 30, 2026<\/td><\/tr><tr><td>IPO Close<\/td><td>Mon, Oct 5, 2026<\/td><\/tr><tr><td>Allotment<\/td><td>Tue, Oct 6, 2026<\/td><\/tr><tr><td>Refund<\/td><td>Wed, Oct 7, 2026<\/td><\/tr><tr><td>Credit of Shares<\/td><td>Wed, Oct 7, 2026<\/td><\/tr><tr><td>Listing<\/td><td>Thu, Oct 8, 2026<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Vishal Nirmiti Limited IPO<strong> Lot Size<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bidders have the opportunity to bid for a minimum of\u00a068 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>68<\/td><td>\u20b914,960<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>884<\/td><td>\u20b91,94,480<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>952<\/td><td>\u20b92,09,440<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>66<\/td><td>4488<\/td><td>\u20b99,87,360<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>67<\/td><td>4556<\/td><td>\u20b910,02,320<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Vishal Nirmiti Limited IPO<strong> Reservation<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-fb128502 wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Investor Category<\/th><th>Shares<\/th><\/tr><\/thead><tbody><tr><td>QIB<\/td><td>Not more than 1% of the Offer Size<\/td><\/tr><tr><td>Retail<\/td><td>Not less than 70%of the Net Offer<\/td><\/tr><tr><td>NII<\/td><td>Not less than 29% of the Offer Size<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Vishal Nirmiti\u00a0Limited IPO<strong> Financial Information<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Particulars (\u20b9 Cr)<\/th><th>31 Mar 2026<\/th><th>31 Mar 2025<\/th><th>31 Mar 2024<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>334.92<\/td><td>296.61<\/td><td>242.04<\/td><\/tr><tr><td>Total Income<\/td><td>344.13<\/td><td>324.86<\/td><td>247.93<\/td><\/tr><tr><td>Profit After Tax<\/td><td>24.98<\/td><td>23.64<\/td><td>3.45<\/td><\/tr><tr><td>EBITDA<\/td><td>51.13<\/td><td>46.48<\/td><td>23.14<\/td><\/tr><tr><td>NET Worth<\/td><td>86.34<\/td><td>61.12<\/td><td>38.12<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>66.98<\/td><td>59.76<\/td><td>36.76<\/td><\/tr><tr><td>Total Borrowing<\/td><td>87.42<\/td><td>88.05<\/td><td>91.75<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator-Vishal Nirmiti\u00a0Limited IPO<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Mar 31, 2026<\/th><\/tr><\/thead><tbody><tr><td>ROE<\/td><td>33.67%<\/td><\/tr><tr><td>ROCE<\/td><td>28.02%<\/td><\/tr><tr><td>Debt\/Equity<\/td><td>1.01<\/td><\/tr><tr><td>RoNW<\/td><td>33.87%<\/td><\/tr><tr><td>PAT Margin<\/td><td>7.37%<\/td><\/tr><tr><td>EBITDA Margin<\/td><td>15.10%<\/td><\/tr><tr><td>NAV<\/td><td>43.61<\/td><\/tr><tr><td>Price to Book Value<\/td><td>5.04<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Valuation Metric<\/th><th>Pre IPO<\/th><th>Post IPO<\/th><\/tr><\/thead><tbody><tr><td>EPS&nbsp;(\u20b9)<\/td><td>12.61<\/td><td>9.46<\/td><\/tr><tr><td>P\/E (x)<\/td><td>17.45<\/td><td>23.26<\/td><\/tr><tr><td>Market Cap at Offer Price<\/td><td>\u20b9435.60 Cr.<\/td><td>\u20b9580.60 Cr<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/oct-2025\/vishal-nirmiti-limited_97041.html\" target=\"_blank\" rel=\"noreferrer noopener\"> Vishal Nirmiti Limited IPO DRHP<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vishal Nirmiti\u00a0IPO Price: \u20b9208 to \u20b9220 per share IPO Dates: 30 Sept to 5 Oct, 2026 Company Overview Incorporated in 1994, Vishal Nirmiti Limited (formerly Sejal Farms Private 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, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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