Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

Vishal Nirmiti Limited is a specialized manufacturer of PSC (Pre-stressed Concrete) sleepers and high-pressure MS pipes, operating an aggregate installed capacity of 11,00,124 PSC sleeper units per annum as of FY26, serving India's railway infrastructure sector. Issue: fresh Rs 145 Cr + OFS Rs 33 Cr. Final subscription: 1.79x overall (Retail 1.75x, NII 1.89x, QIB 1.33x). Allotment Oct 6, listing Oct 8, 2026.