Vishal Nirmiti Limited has re-entered the IPO process after refiling its DRHP with SEBI for a proposed public issue.
The IPO consists of a fresh issue of equity shares worth up to ₹125 crore and an offer for sale of 15,00,000 shares by promoter group selling shareholder Vaman Prestressing Company. The company had earlier filed draft papers in September 2025.
Financially, the company reported revenue from operations of ₹266.64 crore in FY23, ₹242.88 crore in FY24, and ₹318.52 crore in FY25. Profit after tax increased from ₹3.01 crore in FY23 to ₹3.45 crore in FY24, before rising to ₹23.64 crore in FY25. For the six months ended September 30, 2025, revenue stood at ₹135.24 crore and profit after tax at ₹8.41 crore.
Saffron Capital Advisors Private Limited is the sole banker to the issue.
