Railway infra company Vishal Nirmiti gets Sebi nod for IPO

Railway infrastructure company Vishal Nirmiti has received approval from the capital markets regulator Sebi to launch its IPO, paving the way for the civil engineering and infrastructure player to tap the primary market. The IPO comprises a fresh issue of Rs 125 crore along with an offer for sale of up to 0.15 crore equity shares by existing shareholders. The shares are proposed to be listed on both the BSE and NSE.The proceeds from the fresh issue are expected to be used primarily to fund worki...