
Capital Goods / Infrastructure · NSE / BSE
Vishal Nirmiti Limited, incorporated in 1994, is a civil engineering and construction company involved in manufacturing pre-stressed concrete sleepers for railways, pre-cast concrete products, and fabrication of MS pipes and related structures used in infrastructure projects. The company also provides EPC services across railway, irrigation, renewable energy, and industrial sectors, offering end-to-end solutions from manufacturing to project execution. Its business is divided into manufacturing, which includes railway sleepers and infrastructure components, and services, which covers construction work, fabrication, leasing, and other project-related activities. With operations spread across multiple states in India and backed by experienced promoters, the company has built a strong presence in infrastructure development.
Price Band
₹208 – ₹220
Issue Size
₹809.09 L Cr
Lot Size
68 shares
GMP
Est. Listing
₹220
at current GMP
Subscribed
—
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
Bidding for Vishal Nirmiti Limited opens on 2026-09-30 and closes on 2026-10-05. Live order book feeds and subscription metrics will update in real time once bids commence.
Pre-allocated share reservations across investor segments
| Investor Category | Shares Reserved | % Allocation | Min Application (₹) |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 183,884,295,455 | 50% | ₹14,960 |
| Non-Institutional Investors (NII/HNI) | 55,165,288,636 | 15% | ₹209,440 |
| Retail Individual Investors (RII) | 128,719,006,818 | 35% | ₹14,960 |
Vishal Nirmiti Limited is bringing an initial public offering (IPO) in the Capital Goods / Infrastructure sector with an aggregate issue size of ₹80,90,909 Crores. The shares are offered at a price band of ₹208 to ₹220 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 68 shares (approx. ₹14,960 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-10-08, while un-allotted funds or UPI block mandates will be released on 2026-10-07.
The Vishal Nirmiti Limited IPO aggregate issue size is ₹80,90,909 Crores with an equity price band set at ₹208 to ₹220 per equity share. The retail lot size is 68 shares requiring a minimum capital outlay of approx. ₹14,960.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-10-06.