Vishal Nirmiti IPO 2026: Date, Price Band, GMP, Lot Size, Allotment & Listing Details

Vishal Nirmiti Limited (formerly Sejal Farms Private Limited), incorporated in 1994, is a civil engineering, heavy manufacturing, and infrastructure company primarily engaged in the manufacturing and distribution of Pre-Stressed Concrete (PSC) railway sleepers, pre-cast concrete systems, and the fabrication and erection of Mild Steel (MS) pipes, liners, and penstock pipes for Pumped Storage Projects (PSPs).

The business operates across two core segments: (i) Manufacturing Segment, delivering PSC sleepers to Indian Railways, Dedicated Freight Corridor Corporation of India (DFCCIL), and private rail sidings, alongside MS pipes and penstocks for hydro power, lift irrigation, and bulk water supply; and (ii) Services Segment, encompassing EPC railway construction contracts, pre-cast noise barriers, cable ducts, hydro-mechanical structures, windmill power generation, and specialized equipment leasing. VNL maintains an expansive pan-India presence with operational manufacturing hubs across Maharashtra, Madhya Pradesh, Gujarat, Himachal Pradesh, Uttar Pradesh, Odisha, and Karnataka. Backed by promoters with over four decades of domain expertise, the company employed 420 personnel across various technical and project departments as of June 30, 2026.