Vishal Nirmiti IPO DRHP News: Vishal Nirmiti Ltd has secured SEBI approval to launch an initial public offering (IPO). Vishal Nirmiti IPO will have both a fresh issue and OFS.
Vishal Nirmiti IPO's fresh issue will have a fresh issue of Rs 125 crore and an offer for sale (OFS) of 15 lakh equity shares. Under the OFS, Vishal Nirmiti's promoter will trim the stake.
Vishal Nirmiti is an EPC company founded in 1994 and headquartered in Pune. Vishal Nirmiti has a strong focus on Indian Railways infrastructure.
Vishal Nirmiti IPO DRHP Filing
Vishal Nirmiti had filed its IPO papers with SEBI in December 2025 to raise funds. The company received SEBI's observations on its IPO plans in the same month.
Vishal Nirmiti IPO DRHP Approval
In regulatory terms, an SEBI observation on an IPO is equivalent to granting approval to a company to go ahead with its plans to launch IPO.
Vishal Nirmiti has said that the funds raised via IPO will be used to fund working capital requirements. Besides, the company will also use a portion to repay the debt and meet general corporate purposes.
Vishal Nirmiti IPO News: Financials
Vishal Nirmiti in FY225 reported a revenue of Rs 318.52 crore and its profit after tax stood at Rs 23.64 crore.
In the first six months of FY2025 (April to September), Vishal Nirmiti reported a revenue of Rs 135.24 crore and a profit of Rs 8.41 crore.
