Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding working capital requirements
Allocation toward meeting incremental working capital requirements for expanding project execution.
Repayment or prepayment of borrowing
Prepayment or repayment of outstanding term loan facilities to reduce finance costs.
General corporate purposes
Funding general corporate overheads and meeting issue related expenses.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
Vishal Nirmiti Limited is an integrated civil engineering, manufacturing, and construction enterprise specializing in critical infrastructure components for the railway and water management sectors. Incorporated in 1994, the company was initially established as Sejal Farms Private Limited before rebranding to its present corporate name. The company's core manufacturing operations focus on producing Pre-Stressed Concrete (PSC) sleepers essential for railway line construction, alongside pre-cast concrete products and heavy-duty Mild Steel (MS) pipes, liners, and penstock pipes utilized in hydroelectric and pumped storage projects. The company operates an extensive manufacturing footprint with strategically positioned production facilities across multiple states, including Maharashtra, Gujarat, Madhya Pradesh, Himachal Pradesh, Karnataka, and Odisha. In addition to fixed manufacturing plants, Vishal Nirmiti Limited utilizes mobile on-site fabrication yards to execute localized project work efficiently, reducing logistics costs and turnaround times. Complementing its industrial manufacturing divisions, the company also engages in sub-contracted civil work, EPC execution for rail and irrigation infrastructure, and operates a small-scale wind power generation business. Over decades of operation, Vishal Nirmiti Limited has built long-term commercial relationships with public sector transport entities and major private infrastructure contractors. Primary institutional clients include Indian Railways and the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). By deploying net IPO proceeds toward funding incremental working capital requirements and pre-paying high-cost term debt, the company aims to enhance its operational liquidity and strengthen its balance sheet for upcoming project bids.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 7 October 2026, 12:30 AM
Established Track Record in Railway Products
The company possesses specialized manufacturing expertise in Pre-Stressed Concrete sleepers and pre-cast structures tailored for railway expansion projects across India.
Integrated Operational Infrastructure
By combining fixed manufacturing facilities with mobile on-site fabrication capabilities, the firm optimizes delivery timelines and manages freight overheads efficiently.
Longstanding Client Relationships
Decades of collaboration with state railway agencies and major EPC contractors support recurring bidding opportunities and order pipeline stability.
High Customer Concentration
A substantial portion of revenue originates from government infrastructure orders and railway authorities, exposing operations to budget reallocations or tender delays.
Competitive Bidding Dependency
Contracts are secured primarily through competitive tendering processes, where winning margins can be compressed by aggressive rival pricing.
Raw Material Price Volatility
Fluctuations in cement, steel wire, and aggregate prices may impact profit margins if cost increases cannot be passed on through price escalation clauses.
Vishal Nirmiti Limited
303, 17 Elphinstone House, Marzban Road, New Empire Cinema, Fort, Mumbai, Maharashtra, 400001
View on Maps →MUFG Intime India Private Limited
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.