Vishal Nirmiti Gets SEBI Nod For ₹125 Crore IPO, Promoters To Offload 15 Lakh Shares
Vishal Nirmiti Ltd has received SEBI approval for its IPO, which includes a Rs 125 crore fresh issue and an offer for sale of 15 lakh shares. The proceeds will be used for working capital, loan repayment, and general corporate purposes.
Vishal Nirmiti secures SEBI approval to launch IPO and raise funds for expansion and debt repayment | Representational Image
New Delhi, April 10: Civil engineering, manufacturing, and construction firm Vishal Nirmiti Ltd has secured Sebi's approval to garner funds through an initial public offering (IPO), an update with the markets regulator showed on Friday.
The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 125 crore, along with an offer for sale (OFS) of 15 lakh equity shares by the promoter, according to the draft papers.
IPO structure and Sebi clearance
The Pune-based company, which filed preliminary IPO papers with Sebi in December, obtained its observations on April 9. In regulatory terms, Sebi's observation is equivalent to clearance for launching a public issue.
Utilisation of IPO proceeds
Going by the draft papers, proceeds from the IPO are proposed to be utilised for funding working capital requirements, repayment of loans, and general corporate purposes.
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Financial performance overview
On the financial front, the company's revenue from operations stood at Rs 318.52 crore in FY25, with a profit after tax of Rs 23.64 crore in the same fiscal year.
For the six months ended September 30, 2025, the company reported revenue from operations of Rs 135.24 crore and a profit after tax of Rs 8.41 crore.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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