case₹5.1 Crpage 441
Company vs Om Grit Udyog & DSC Ltd – EFA No. 5 of 2019 (P&H HC); Company seeking recovery of ₹510.00 lakhs against arbitral award dated 30-Mar-2015; crusher-plant lien dispute
ListedMainboardEngineering - ConstructionVNL
Vishal Nirmiti IPO
Vishal Nirmiti IPO is a mainboard IPO raising ₹178 Cr at ₹208 – ₹220 a share. It listed on 8 Oct 2026 at ₹215, −2.3% against its issue price of ₹220, and trades at ₹104 today (−52.6% since issue). It was subscribed 1.71× in total.
₹220
Issue price
₹104
Price now
−52.6%
Since issue price
8 Oct 2026
Listed on
1.71×Subscribed (final) · all exchanges
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| company - by | 3 | — | 1 | ₹5.6 Cr |
| company - against | 1 | 5 | 2 | ₹2.8 Cr |
| promoters - by | 1 | — | — | ₹0.0 Cr |
| promoters - against | 3 | 7 | 2 | ₹0.3 Cr |
| Directors | 0 | 0 | 0 | — |
case₹2.4 Crpage 446
CIT(A) AY 2017-18 appeal No. 10350/2019-20 – Company's tax dispute on ₹243.88 lakhs of assessable income (Circle 1(3)(2), Mumbai)
case₹1.6 Crpage 446
Income-tax Writ Petition (Bombay HC) WP No. 10369 of 2016 – challenge to IT Settlement Commission order denying 80-IA deductions; tax impact ₹156.30 lakhs across AYs 2007-08 to 2012-13
case₹1.0 Crpage 441
Union of India (Ministry of Railways) vs Company – OMP (COMM) No. 47 of 2025 (Delhi) under Sec 34 Arbitration Act, challenging arbitral award of ₹98.58 lakhs in Company's favour
case₹0.4 Crpage 440
Company vs CBI (Jaipur Metropolitan I) – Misc. Application & Crl. MC No. 24 of 2026 seeking recovery of ₹39.00 lakhs business cash seized during 19-Feb-2025 CBI search; FIR named Company, Promoter Pavan Tapadiya and Director Natraj Ladda but charge sheet dated 16-Apr-2025 found no implication
All aggregate amounts in summary table (p439) and tax summary (p445) are stated in ₹ lakhs; converted to ₹ crore at 1 crore = 100 lakhs. The summary table separates counts/amounts by 'By' and 'Against' each party – both rows shown for Company and Promoters. Tax sub-table (p445) shows: Company 5 cases (4 direct + 1 indirect) involving ₹183.29 lakhs; Promoters 7 direct-tax cases involving ₹7.15 lakhs; Directors, KMP and SMP – Nil. Promoter-against 'Other' count of 1 includes Group Company Suyash Mart Pvt Ltd matter (disposed BIS penalty of ₹1 lakh paid on 06-Aug-2026, p445). No grand total is stated in the text.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Bidding centres ↗
Where physical applications could be submitted.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.