The proceeds from the fresh issue are expected to be used primarily to fund working capital requirements and reduce debt, with Rs 65 crore earmarked for working capital and Rs 20 crore for loan repayment.
Incorporated in 1994, Vishal Nirmiti operates across manufacturing and EPC segments, with a strong focus on railway infrastructure.
The company manufactures pre-stressed concrete sleepers for railways and undertakes fabrication of mild steel pipes and related components for irrigation and hydro projects. It also executes EPC contracts across railways, renewable energy and industrial infrastructure.
The company has a pan-India presence with operational facilities across multiple states and is led by a promoter group with over four decades of industry experience.
Its business model spans both manufacturing of infrastructure components and execution of large-scale projects, providing diversification across revenue streams.Financially, the company has reported strong growth, with revenue rising 31% and profit after tax jumping significantly in the last financial year, indicating improving operating leverage and execution momentum.
