Vishal Nirmiti Limited has refiled its Draft Red Herring Prospectus with SEBI as part of its plan to tap the capital markets through an IPO.
The IPO will comprise a ₹125-crore fresh issue of equity shares and an offer for sale of 15,00,000 equity shares by promoter group shareholder Vaman Prestressing Company. The company had earlier filed draft papers with the regulator in September 2025.
According to the filing, funds raised through the fresh issue will be deployed towards working capital funding, repayment of term loans, and general corporate requirements.
The company has execution capabilities across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, Delhi, Punjab and Karnataka, operating through owned, leased and job-work facilities. It has executed large and complex railway infrastructure projects, including Dedicated Freight Corridor contracts at Bhandu (Gujarat), Prithla (Haryana) and Timba (Gujarat).
