
Capital Goods · NSE / BSE
Vishal Nirmiti Limited, incorporated on June 30, 1994 as Sejal Farms Private Limited and renamed in 2025, is engaged in civil engineering, manufacturing and construction activities focused on railway and infrastructure products. The company manufactures pre-stressed concrete (PSC) sleepers for railway projects, precast concrete products, and large-diameter MS pipes, MS liners and penstock pipes used in pumped storage projects. Its manufacturing segment includes PSC sleepers, MS pipes and precast products such as noise barriers and cable ducts, contributing 75.01% of revenue in Fiscal 2026. The company also undertakes sub-contracted job work for MS pipes, liners, penstocks and precast products, along with wind power generation from a 1.8 MW facility, leasing and scrap sales. Its PSC sleeper manufacturing facilities are located in Mohol, Maharashtra; Bankhedi, Madhya Pradesh; Kandrori, Himachal Pradesh; and Timba, Gujarat, while its precast facility is situated in Nadiad, Gujarat. The company had an installed PSC sleeper capacity of 11,00,124 units in Fiscal 2026 and serves customers including Indian Railways, Larsen & Toubro Limited, KEC International Limited and Kalpataru Projects International Limited. As of June 30, 2026, its order book stood at ₹58,176.82 lakh and it had 420 employees on payroll. Going forward, the company plans to strengthen its existing business segments, increase manufacturing automation and expand into new geographical markets through successful tender participation.
Price Band
₹208 – ₹220
Issue Size
₹809.09 L Cr
Lot Size
68 shares
GMP
+0.9%
Est. Listing
₹222
at current GMP
Subscribed
1.79x
overall
Open
30 Sep 2026
Close
5 Oct 2026
Allotment
6 Oct 2026
Refund
7 Oct 2026
Demat Credit
8 Oct 2026
Listing
8 Oct 2026