Vishal Nirmiti IPO

Vishal Nirmiti IPO is a book-built issue of Rs 178.00 crores, comprising a fresh issue of 65.91 lakh shares aggregating to Rs 145.00 crores and an offer for sale of 15.00 lakh shares aggregating to Rs 33.00 crores. The Vishal Nirmiti IPO opens for subscription from Sep 30, 2026 to Oct 5, 2026, with allotment expected on Oct 6, 2026 and tentative listing on NSE and BSE on Oct 8, 2026. The price band is set at Rs 208 to Rs 220 per share, with a lot size of 68 shares and a minimum retail investment of Rs 14,960. Saffron Capital Advisors Pvt. Ltd. is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar of the issue.

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Vishal Nirmiti IPO Details

Check out the issue details for Vishal Nirmiti IPO as disclosed in SEBI.

Price Band

₹ 208 - 220

Issue Size

178.00 Cr.

Issue Type

Book Built

Open

2026-09-30

Close

2026-10-05

Company Financials

You can get the following financial statements of Vishal Nirmiti as of now.

Vishal Nirmiti IPO Details

The details about the Vishal Nirmiti IPO are as follows:

  • The issue size of the IPO is Rs 178.00 Cr.
  • The price band for Vishal Nirmiti IPO is Rs 208 to Rs 220.
  • The shares of Vishal Nirmiti IPO will list on BSE and NSE.
  • The latest tentative GMP of Vishal Nirmiti IPO is Rs .
  • The shares of Vishal Nirmiti IPO are subscribed _ Times.

 

Vishal Nirmiti IPO Valuation

The approximate valuation of Vishal Nirmiti IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 220
Existing Shares (Qty) 1.98 Cr
Fresh Issue Rs 145.00 Cr
Market Cap Rs 580.6
EPS (FY25) Rs 12.61
PE Ratio 17.44x
Industry PE 14.35x

 

Vishal Nirmiti IPO Issue Size

Vishal Nirmiti IPO issue size is Rs 178.00 Cr.

Issue Amount
Fresh Issue Rs 145.00 Cr
Offer For Sale Rs 33.00 Cr

 

Vishal Nirmiti IPO Market Lot

An individual can apply for a minimum of 1 lot of 68 shares and a maximum of 13 lots (884 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 68 Rs 14,960
Retail Maximum 13 884 Rs 1,94,480

 

Vishal Nirmiti IPO Share Offer

The shares of Vishal Nirmiti IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 01%
Non-Institutional Not less than 29%
Retail Individual Not less than 70%

 

Vishal Nirmiti IPO GMP (Grey Market Premium)

As on GMP (Tentative)
Sep 30, 2026 Rs

Vishal Nirmiti IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Vishal Nirmiti IPO Dates

Find below the dates for Vishal Nirmiti IPO

Schedule Date
Basis of Allotment 06 Oct 2026
Refunds 07 Oct 2026
Credit to Demat Account 07 Oct 2026
IPO Listing Date 08 Oct 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 266.64 242.88 318.52
Total Expenditure 243.62 220.27 272.18
Operating Profit 23.03 22.61 46.33
Other Income 4.29 5.6 6.57
Interest 16.11 14.46 14.29
Depreciation 7.27 9.17 7.47
Exceptional Items 0.23 0 0.33
Profit Before Tax 4.16 4.58 31.48
Provision for Tax 1.14 1.14 7.84
Net Profit 3.01 3.45 23.64
Adjusted EPS (Rs.) 0.15 0.17 1.19

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 1.8 1.8 1.8
Total Reserves 33.2 36.76 59.76
Borrowings 41.92 43.59 43.84
Other N/C liabilities 1.83 1.35 2.95
Current liabilities 145.34 157.69 188
Total Liabilities 224.09 241.2 296.36
Assets
Net Block 43.75 50.34 64.66
Capital WIP 2.94 0 4.35
Intangible WIP 0 0 0
Investments 0.01 0.01 0.01
Loans & Advances 4.19 2.93 2.54
Other N/C Assets 8.66 8.48 20.69
Current Assets 164.53 179.42 204.11
Total Assets 224.09 241.2 296.36
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations 4.16 4.58 31.48
Adjustment 12.27 25.37 41.86
Changes in Assets & Liabilities 6.08 0.69 -29.16
Tax Paid -0.29 -1.6 -7.37
Operating Cash Flow 22.22 29.04 36.8
Investing Cash Flow 7.4 -25.28 -18.77
Financing Cash Flow -23.92 -11.09 -13.12
Net Cash Flow 5.7 -7.33 4.92
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