Investors who subscribed to the ₹178.00 crore Vishal Nirmiti IPO can expect the share allotment to be finalised on October 6, 2026. The allotment details can be accessed online through the NSE and BSE websites or via the IPO registrar, MUFG Intime India Private Limited.

Once the allotment is concluded, Vishal Nirmiti is scheduled to make its stock market debut on October 8, 2026, on both the NSE and BSE.

Procedure to Check Vishal Nirmiti IPO Allotment Status Online on NSE

Visit the NSE’s IPO allotment verification status page here.
Select “Equity & SME IPO Bid Details”.
In Select, choose “VNL”.
Enter your PAN No. and Application No.
Click “Submit”.

Procedure to Check Vishal Nirmiti IPO Allotment Status Online on BSE

Click here to visit the application status page.
Under Issue Type, select “Equity”.
In Issue Name, select “Vishal Nirmiti Limited”.
Enter your “Application No. or PAN No.”
Enter the given Captcha correctly.
Click “Submit”.

Procedure to Check Vishal Nirmiti IPO Allotment Status on MUFG Intime India (Registrar to the issue)

Visit MUFG Intime India’s IPO allotment status page here.
In the “Select company”, choose “Vishal Nirmiti Limited”.
Enter any of the following details:

PAN
App. No.
DP/Client ID
Account No/ IFSC

Click “Submit”.

Vishal Nirmiti IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹178.00 crore
Fresh Issue: Up to ₹145.00 crore
Offer for Sale (OFS): Up to ₹33.00 crore
Face Value: ₹10 per equity share
Price Band: ₹280 to ₹220 per share
Lot Size: 68 shares
Minimum Investment Amount (Retail Investor): ₹14,960 (68 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Saffron Capital Advisors Private Limited
Registrar: MUFG Intime India Private Limited

Explore other Upcoming IPOs on BSE and NSE.

Vishal Nirmiti IPO Overall Subscription Status

[October 5, 2026, 7:00 P.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	1.27x
Non-Institutional Investors (NIIs)	1.81x
Retail Individual Investors (RIIs)	1.67x
Total	1.71x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Funding working capital requirements of the company
Repayment and or pre-payment, in part or full, of term loans availed by the company
General corporate purposes.

About Vishal Nirmiti Limited

Founded in 2012, Vishal Nirmiti Limited operates across the civil engineering, manufacturing and construction sectors. Its manufacturing activities include the production of PSC railway sleepers and other precast and prestressed concrete products. The company also provides infrastructure and construction services for projects in the railway, renewable energy, irrigation and industrial segments.

Vishal Nirmiti conducts its operations through two segments: Manufacturing and Services. The company was initially incorporated as Sejal Farms Private Limited and was converted into a public limited company in 2025, following which it adopted its present name. Its promoters, Brij B. Tapadiya and Ajay Bhagwandas Tapadiya, bring more than 45 years and 30 years of industry experience, respectively.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	338.68	318.52	242.88
EBITDA	51.13	46.48	23.14
Profit After Tax (PAT)	24.98	23.64	3.45