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Company reported Rs 119.35 crore of outstanding borrowings at June 30, 2026, with Rs 39.87 crore of cash-credit loans as its largest funded facility.
Vishal Nirmiti has earmarked up to Rs 19 crore for term-loan repayment, nearly matching Rs 19.19 crore of identified principal outstanding on June 30, 2026.
Vishal Nirmiti Limited IPO allocates at least 70% of the offer to retail bidders, while qualified institutional buyers can receive no more than 1%.
The Company’s FY26 operating cash flow fell to ₹27.15 crore as receivables, other current assets and other current financial assets absorbed ₹26.94 crore.
Vishal Nirmiti discloses all nine promoters have interests in Natraj Prestress Concrete and Vaman Prestressing, with non-compete agreements covering listed common pursuits.
Vishal Nirmiti raised MS-pipe fabrication capacity to 154,000 tonnes in Fiscal 2026, while utilisation fell 18.86 percentage points to 40.72%.
Vishal Nirmiti’s FY26 related-party transactions accounted for 26.83% of finance cost, alongside Rs 24.2754 crore of material purchases and Rs 22.6049 crore of goods sales.
Vishal Nirmiti’s related entities conducted procurement, sales, logistics and lending, with Rs 21.98 crore of 2026 goods sales to Samruddhi Industries.
Vishal Nirmati’s five largest customers delivered 85.33% of FY26 revenue, even as Indian Railways’ share fell 16.22 percentage points from FY24.
Vishal Nirmiti plans Rs 75 crore for Fiscal 2027 working capital, funding 45.62% of its projected Rs 164.4146 crore requirement.
Vishal Nirmiti was not implicated in the CBI charge sheet, while Rs 39 lakh seized in February 2025 remains subject to a pending recovery case.
The Company derived 40.56% of Fiscal 2026 revenue from Indian Railways, while its top 10 customers supplied 92.91%, revealing substantial customer concentration.
Vishal Nirmiti Ltd. IPO opens Sep 30, 2026 at ₹208–₹220. The ₹178 crore issue includes ₹145 crore fresh issue and ₹33 crore OFS. Listing is Oct 8, 2026.
TNA Solutions Ltd. IPO opens 30 Sep 2026 at ₹66–₹70. The ₹37.86 crore BSE SME issue is a 100% fresh issue, closing 6 Oct and listing 9 Oct 2026.
TNA Solutions plans to add 35.40 lakh metres of annual capacity, a 67.77% increase, through a Madhya Pradesh unit targeted for April 2027 production.
TNA Solutions’ three promoters are projected to retain 50.43% after the IPO, as 54.08 lakh new shares expand total equity to 2.04 crore shares.