{"id":18931,"date":"2026-09-30T00:42:03","date_gmt":"2026-09-30T07:12:03","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=18931"},"modified":"2026-09-30T00:42:04","modified_gmt":"2026-09-30T07:12:04","slug":"vishal-nirmiti-limited-ipo","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/","title":{"rendered":"Vishal Nirmiti Limited IPO | Key Dates, Price Band, and Lot Size"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_Limited_IPO_Details\" >Vishal Nirmiti Limited | IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_Company_Overview\" >Vishal Nirmiti | Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_Limited_Key_Dates\" >Vishal Nirmiti Limited | Key Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_Limited_IPO_Lot_Size_Investment\" >Vishal Nirmiti Limited IPO | Lot Size &amp; Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Investor_Category_Reservations\" >Investor Category Reservations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_Limited_Financial_Overview\" >Vishal Nirmiti Limited | Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/#Vishal_Nirmiti_IPO_FAQs\" >Vishal Nirmiti IPO | FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<nav style=\"--separator: &quot;\/&quot;\" class=\"wp-block-breadcrumbs\" aria-label=\"Breadcrumbs\"><ol><li><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/ipo\/\">IPO<\/a><\/li><li><span aria-current=\"page\">Vishal Nirmiti Limited IPO | Key Dates, Price Band, and Lot Size<\/span><\/li><\/ol><\/nav>\n\n\n<meta charset=\"UTF-8\">\n<meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n<link 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h1,\nh1.entry-title{color:#000!important;}\n<\/style>\n\n<div class=\"body\">\n  <p>Vishal Nirmiti Limited is launching a \u20b9178 crore IPO, opening for subscription on September 30, 2026. The IPO will close on October 5, 2026. The shares are proposed to list on the BSE and NSE, with a tentative listing date of October 8, 2026.<\/p>\n  <p>The price band is set at \u20b9208 to \u20b9220 per share, and the minimum lot size is 68 shares. Retail investors need a minimum investment of \u20b914,960 at the upper end of the price band. In comparison, sNII investors must apply for at least 952 shares worth \u20b92,09,440, while bNII investors must apply for at least 4,556 shares worth \u20b910,02,320.<\/p>\n  <p>The Vishal Nirmiti IPO comprises a fresh issue of 65.91 lakh shares aggregating to \u20b9145 crore and an offer for sale of 15 lakh shares aggregating to \u20b933 crore. The IPO dates, price band and issue status are also listed on the official BSE public issues page.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_Limited_IPO_Details\"><\/span>Vishal Nirmiti Limited | IPO Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>Information<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>IPO Opening Date<\/td><td>September 30, 2026<\/td><\/tr>\n        <tr><td>IPO Closing Date<\/td><td>October 5, 2026<\/td><\/tr>\n        <tr><td>Tentative IPO Listing Date<\/td><td>October 8, 2026<\/td><\/tr>\n        <tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr>\n        <tr><td>Price Band<\/td><td><span class=\"num\">\u20b9208 \u2013 \u20b9220<\/span> per share<\/td><\/tr>\n        <tr><td>Lot Size<\/td><td>68 shares<\/td><\/tr>\n        <tr><td>Total Issue Size<\/td><td>80,90,909 shares, aggregating to \u20b9178 crore<\/td><\/tr>\n        <tr><td>Fresh Issue<\/td><td>65,90,909 shares, aggregating to \u20b9145 crore<\/td><\/tr>\n        <tr><td>Offer for Sale<\/td><td>15,00,000 shares, aggregating to \u20b933 crore<\/td><\/tr>\n        <tr><td>IPO Segment<\/td><td>Main Board, Book-Building IPO<\/td><\/tr>\n        <tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr>\n        <tr><td>Shareholding Pre-Issue<\/td><td>1,98,00,000 shares<\/td><\/tr>\n        <tr><td>Shareholding Post-Issue<\/td><td>2,63,90,909 shares<\/td><\/tr>\n        <tr class=\"total\"><td>Market Cap (At Upper Price)<\/td><td><span class=\"num\">\u20b9580.60 Cr<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_Company_Overview\"><\/span>Vishal Nirmiti | Company Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Vishal Nirmiti Limited is a civil engineering, manufacturing and construction company. It manufactures pre-stressed concrete sleepers and other pre-cast concrete products and fabricates mild-steel pipes, liners and penstock pipes.<\/p>\n  <p>The company supplies PSC sleepers for railway infrastructure and manufactures steel components used in pumped-storage, hydropower, lift-irrigation, water-supply and other infrastructure projects.<\/p>\n  <p>The company has operational units across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha and Karnataka. As of June 30, 2026, it had 420 employees across various functions.<\/p>\n\n  <div class=\"cta-band\">\n    <div class=\"cta-band-text\">\n      <h4>Considering the Vishal Nirmiti IPO?<\/h4>\n      <p>Subscription open September 30 \u2013 October 5, 2026 \u00b7 Price band \u20b9208\u2013\u20b9220 \u00b7 Min. investment \u20b914,960<\/p>\n    <\/div>\n    <a class=\"cta-btn\" href=\"https:\/\/apptrove.shoonya.com\/d\/ipos\" target=\"_blank\" rel=\"noopener\">Explore the IPO <\/a>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_Limited_Key_Dates\"><\/span>Vishal Nirmiti Limited | Key Dates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <ul class=\"doc\">\n    <li><strong>IPO Opening Date:<\/strong> September 30, 2026<\/li>\n    <li><strong>IPO Closing Date:<\/strong> October 5, 2026<\/li>\n    <li><strong>Allotment Date:<\/strong> October 6, 2026<\/li>\n    <li><strong>Refunds Initiated:<\/strong> October 7, 2026<\/li>\n    <li><strong>Shares Credited to Demat:<\/strong> October 7, 2026<\/li>\n    <li><strong>Listing Date:<\/strong> October 8, 2026<\/li>\n    <li><strong>Cut-off Time for UPI Mandate Confirmation:<\/strong> Typically 5 PM on October 5, 2026<\/li>\n  <\/ul>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_Limited_IPO_Lot_Size_Investment\"><\/span>Vishal Nirmiti Limited IPO | Lot Size &amp; Investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Investors can bid for a minimum of 68 shares and in multiples thereof. The application amounts below are calculated at the upper price band of \u20b9220 per share.<\/p>\n  <div class=\"tbl-title\">Application-wise Lot Size<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Application<\/th>\n          <th>Lots<\/th>\n          <th>Shares<\/th>\n          <th>Amount<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Retail Minimum<\/td><td>1<\/td><td>68<\/td><td><span class=\"num\">\u20b914,960<\/span><\/td><\/tr>\n        <tr><td>Retail Maximum<\/td><td>13<\/td><td>884<\/td><td><span class=\"num\">\u20b91,94,480<\/span><\/td><\/tr>\n        <tr><td>sNII Minimum<\/td><td>14<\/td><td>952<\/td><td><span class=\"num\">\u20b92,09,440<\/span><\/td><\/tr>\n        <tr><td>sNII Maximum<\/td><td>66<\/td><td>4,488<\/td><td><span class=\"num\">\u20b99,87,360<\/span><\/td><\/tr>\n        <tr><td>bNII Minimum<\/td><td>67<\/td><td>4,556<\/td><td><span class=\"num\">\u20b910,02,320<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Investor_Category_Reservations\"><\/span>Investor Category Reservations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Investor Category<\/th>\n          <th>Reserved Shares<\/th>\n          <th>Share of Issue<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Qualified Institutional Buyers<\/td><td>80,909<\/td><td>1.00%<\/td><\/tr>\n        <tr><td>Non-Institutional Investors<\/td><td>23,46,364<\/td><td>29.00%<\/td><\/tr>\n        <tr><td>Retail Individual Investors<\/td><td>56,63,636<\/td><td>70.00%<\/td><\/tr>\n        <tr class=\"total\"><td>Total<\/td><td><span class=\"num\">80,90,909<\/span><\/td><td><span class=\"num\">100.00%<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p>The NII allocation includes 7,82,391 shares for sNII applicants and 15,63,973 shares for bNII applicants.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_Limited_Financial_Overview\"><\/span>Vishal Nirmiti Limited | Financial Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Vishal Nirmiti&#8217;s total income increased by approximately 6% between the financial years ending March 31, 2025, and March 31, 2026.<\/p>\n  <p>Here is a snapshot of its year-on-year financial performance:<\/p>\n  <div class=\"tbl-title\">Financial Performance (\u20b9 Crore)<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>31-Mar-26<\/th>\n          <th>31-Mar-25<\/th>\n          <th>Change<\/th>\n          <th>Change %<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Assets<\/td><td>334.92<\/td><td>296.61<\/td><td>+38.31<\/td><td><span class=\"badge b-positive\">+12.92%<\/span><\/td><\/tr>\n        <tr><td>Total Income<\/td><td>344.13<\/td><td>324.86<\/td><td>+19.27<\/td><td><span class=\"badge b-positive\">+5.93%<\/span><\/td><\/tr>\n        <tr><td>Profit After Tax<\/td><td>24.98<\/td><td>23.64<\/td><td>+1.34<\/td><td><span class=\"badge b-positive\">+5.67%<\/span><\/td><\/tr>\n        <tr><td>EBITDA<\/td><td>51.13<\/td><td>46.48<\/td><td>+4.65<\/td><td><span class=\"badge b-positive\">+10.00%<\/span><\/td><\/tr>\n        <tr><td>Net Worth<\/td><td>86.34<\/td><td>61.12<\/td><td>+25.22<\/td><td><span class=\"badge b-positive\">+41.26%<\/span><\/td><\/tr>\n        <tr><td>Reserves and Surplus<\/td><td>66.98<\/td><td>59.76<\/td><td>+7.22<\/td><td><span class=\"badge b-positive\">+12.08%<\/span><\/td><\/tr>\n        <tr><td>Total Borrowings<\/td><td>87.42<\/td><td>88.05<\/td><td>-0.63<\/td><td><span class=\"badge b-negative\">-0.72%<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p>Amounts are in \u20b9 crore.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Vishal_Nirmiti_IPO_FAQs\"><\/span>Vishal Nirmiti IPO | FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"faq\">\n    <details class=\"faq-item\" open=\"\">\n      <summary class=\"faq-q\">When does the Vishal Nirmiti IPO open and close?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The Vishal Nirmiti IPO opens on September 30, 2026, and closes on October 5, 2026.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the price band and lot size for the Vishal Nirmiti IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The Vishal Nirmiti IPO price band is \u20b9208 to \u20b9220 per share, and the minimum lot size is 68 shares. One retail lot requires \u20b914,960 at the upper price band.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">How can I check the allotment status of the Vishal Nirmiti IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">You can check the Vishal Nirmiti IPO allotment status on MUFG Intime India Private Limited&#8217;s website using your PAN, application number or Demat account details. The status may also be available through the BSE and NSE issue pages.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">Who is the registrar for the Vishal Nirmiti IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">MUFG Intime India Private Limited is the registrar for the Vishal Nirmiti IPO.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the refund and Demat credit date for the Vishal Nirmiti IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">Refunds or the release of blocked funds for the Vishal Nirmiti IPO are tentatively scheduled for October 7, 2026. Shares are also expected to be credited to successful applicants&#8217; Demat accounts on the same date.<\/p>\n    <\/details>\n  <\/div>\n\n  <div class=\"disclaimer\">\n    <strong>Disclaimer:<\/strong> This content is for education and awareness purpose only and should not be considered investment advice or a recommendation. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vishal Nirmiti Limited is launching a \u20b9178 crore IPO, opening for subscription on September 30, 2026. The IPO will close on October 5, 2026. The shares are proposed to list on the BSE and NSE, with a tentative listing date of October 8, 2026. The price band is set at \u20b9208 to \u20b9220 per share, &hellip; <a href=\"https:\/\/shoonya.com\/blog\/vishal-nirmiti-limited-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Vishal Nirmiti Limited IPO | Key Dates, Price Band, and Lot Size&#8221;<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":18932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7],"tags":[10701],"class_list":["post-18931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-vishal-nirmiti-limited-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vishal Nirmiti Limited IPO | Issue Size \u20b9178 Crore<\/title>\n<meta name=\"description\" content=\"Vishal Nirmiti IPO opens on September 30, 2026, with a \u20b9178 crore issue. 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