Vishal Nirmiti Limited
Capital Goods & Infrastructure • Total Issue: ₹178 Cr
Category-Wise Subscription Breakdown
Final cumulative subscription · Overall 1.71x
Valuation Multiples & Key Ratios
Sector Valuation Anchors & Multiples
Comparing Vishal Nirmiti Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.
“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”
Grey Market Premium (GMP) History
Real-time multi-observation premium trend line and daily price movements.
IPO Timeline & Schedule
MUFG Intime India Private Limited
About Vishal Nirmiti Limited
Vishal Nirmiti is a civil engineering, construction, and manufacturing firm operating in 2 segments. Its manufacturing arm produces pre-stressed concrete sleepers, pre-cast barriers, and steel/penstock pipes for Indian Railways and private developers. Its services arm delivers EPC solutions for railway, irrigation, and road infrastructure. The company supports regional projects through specialized manufacturing facilities across Maharashtra, Madhya Pradesh, Gujarat, and Himachal Pradesh.
Key Business Strengths
- Diversified across railway sleepers, steel pipes, and EPC works.
- Advanced in-house pipe welding and coating manufacturing plants.
- Over 95% of operational revenue generated from repeat clients.
- Multi-state manufacturing footprint spanning four Indian states.
- Experienced promoter group with deep infrastructure expertise.
Key Risks & Challenges
- High revenue dependence on Indian Railways and state tenders.
- Top 5 clients account for over 85% of total operating revenue.
- Substantial working capital needs funded by short-term loans.
- Business relies on purchase orders without long-term contracts.
- Indebtedness exposes the business to debt servicing and covenants.
Transparency & Informational Notice
Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.