Vishal Nirmiti Files for ₹125 Cr IPO in September 2025
Vishal Nirmiti Limited, a prominent player in civil engineering and construction, has filed a draft red herring prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The company, engaged in manufacturing and construction activities, including the production of pre-stressed concrete sleepers for railways and steel pipes, has sought financial advisor ALMT Legal's advice for the DRHP.
The IPO, slated for September 2025, will see a fresh issue of equity shares aggregating up to ₹125 crore. Additionally, an offer for sale (OFS) of up to 0.15 crore equity shares is on the cards. Saffron Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for this issue. The company's diverse portfolio, ranging from civil engineering to manufacturing and construction, is expected to attract investors.
Vishal Nirmiti Limited's IPO, guided by financial advisor ALMT Legal and managed by Saffron Capital Advisors Private Limited, is set to raise ₹125 crore through a fresh issue and an OFS. The company's unique business profile is anticipated to generate interest among investors.
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