loading
loading
The initial share-sale will close on October 5, according to the company's advertisement published on Saturday. The IPO comprises a fresh issue of up to 69.71 lakh equity shares, aggregating to Rs 145 crore at the upper end of the price band, and an offer for sale (OFS) of 15 lakh shares worth Rs 33 crore. The total issue size stands at Rs 178 crore at the upper price band. Proceeds from the IPO are proposed to be utilised for funding working capital requirements, loan repayments and general corporate purposes. Vishal Nirmiti is engaged in manufacturing and dealing in pre-stressed concrete (PSC) sleepers for railway, pre-cast and pre-stressed concrete products, as well as fabrication of mild steel (MS) pipes, MS liner and pre-stressed pipes for pumped storage projects. The company also provides engineering, procurement, infrastructure and construction services for railway infrastructure and various civil engineering, irrigation and infrastructure projects. The equity shares are proposed to be listed on the BSE and NSE. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-27 02:54