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Virtual Galaxy Infotech IPO is a bookbuilding issue worth ₹93.29 crores, consisting entirely of a fresh issue of 65.70 lakh shares.
The IPO subscription period starts on May 9, 2025, and ends on May 14, 2025. The allotment is expected to be finalised on Thursday, May 15, 2025, with listing on NSE SME scheduled for Monday, May 19, 2025.
The price band for the IPO is set between ₹135 to ₹142 per share, with a minimum lot size of 1000 shares. For retail investors, the minimum investment required is ₹1,35,000, but it is recommended to bid at the cutoff price, which would bring the investment to approximately ₹1,42,000 to avoid oversubscription. For HNI investors, the minimum investment is for 2 lots (2,000 shares), totalling ₹2,84,000.
| IPO Date | May 9, 2025 to May 14, 2025 |
| Listing Date | May 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Fresh Issue | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Shareholding Post Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
| Market Maker Portion | 3,36,000 shares Alacrity Securities Ltd. |
| IPO Open Date | Fri, May 9, 2025 |
| IPO Close Date | Wed, May 14, 2025 |
| Tentative Allotment | Thu, May 15, 2025 |
| Initiation of Refunds | Fri, May 16, 2025 |
| Credit of Shares to Demat | Fri, May 16, 2025 |
| Tentative Listing Date | Mon, May 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,42,000 |
| Retail (Max) | 1 | 1000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,84,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 116.93 | 84.36 | 67.80 |
| Revenue | 63.58 | 59.76 | 43.44 |
| Profit After Tax | 16.54 | 0.72 | 0.40 |
| Net Worth | 41.40 | 20.40 | 20.14 |
| Reserves and Surplus | 30.40 | 9.40 | 9.14 |
| Total Borrowing | 38.64 | 38.85 | 35.56 |
Maximising Opportunities with Virtual Galaxy Infotech Limited IPO
The Virtual Galaxy Infotech IPO offers an exciting investment opportunity with a price band of ₹135–₹142 per share and a minimum lot size of 1000 shares. With a fresh issue of 65.70 lakh shares, it presents significant growth potential. Retail investors should consider bidding at the cutoff price to avoid oversubscription, while HNI investors are required to bid for 2 lots (2,000 shares). The IPO will be listed on the NSE SME platform, with a tentative listing date of May 19, 2025.
