Vishal Nirmiti Ltd’s initial public offering (IPO) is scheduled to open on September 30, with a price band set at ₹208 to ₹220 per share. Multiple outlets report the IPO runs through October 5 and includes both a fresh issue and an offer for sale (OFS).
According to the sources, the offering comprises a fresh issue of up to 69.71 lakh equity shares and an OFS of 15 lakh shares. The fresh issue is described as raising about ₹145 crore at the upper end of the price band, while the OFS is valued at ₹33 crore. The Economic Times notes that proceeds are intended for purposes including strengthening working capital and meeting corporate requirements, though the Business Line figure highlights the stated amounts tied to the price band rather than a detailed allocation.
Overall, the outlets align on the key commercial terms—IPO dates, the price range, and the structure of fresh issuance alongside an OFS—while emphasizing different aspects of the stated use of funds and financial totals.
