Pune-headquartered Vishal Nirmiti Limited has submitted a revised DRHP to SEBI for its proposed IPO, according to draft documents.
The issue structure includes a fresh issue of equity shares aggregating up to ₹125 crore and an offer for sale of up to 15 lakh equity shares by Vaman Prestressing Company. The equity shares have a face value of ₹10 each.
The company proposes to utilise the IPO proceeds towards working capital requirements, repayment of term loans, and general corporate purposes, as stated in the DRHP.
Vishal Nirmiti’s client base includes Central Railways, West Central Railways, Northern Railways, Larsen & Toubro, KEC International, Kalpataru Projects International and Raj Infrastructure Development (India). The company’s integrated model combines manufacturing with EPC execution, enabling cost control and timely delivery across geographically dispersed projects.
