Bookbuilding IPO | ₹19 Cr | Listed at NSE SME | Tue, Jul 23, 2024 - Thu, Jul 25, 2024
V.L.Infraprojects IPO is a book build issue of ₹18.52 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹18.52 crore.
V.L.Infraprojects IPO bidding started from Jul 23, 2024 and ended on Jul 25, 2024. The allotment for V.L.Infraprojects IPO was finalized on Jul 26, 2024. The shares got listed on NSE SME on Jul 30, 2024.
V.L.Infraprojects IPO price band is set at ₹42 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,26,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to V.L.Infraprojects IPO RHP for detailed Information.
IPO Open
Tue, Jul 23, 2024
IPO Close
Thu, Jul 25, 2024
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹65.99 Cr
| IPO Date | 23 to 25 Jul, 2024 |
| Listed on | Tue, Jul 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹39 to ₹42 |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 44,10,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 2,40,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 41,70,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 41,70,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,13,02,500 shares |
| Share Holding Post Issue | 1,57,12,500 shares |
| NSE Symbol | VLINFRA |
| ISIN | INE0QXL01015 |
V.L.Infraprojects IPO comprises a total issue size of 44,10,000 shares. The net offer to the public is 41,70,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 20,82,000 (49.93%) are allocated to QIB, 6,27,000 (15.04%) allocated to NII 14,61,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,82,000 | 49.93% | 47.21% |
| − Anchor Investor Shares Offered | 12,48,000 | 28.30% | |
| − QIB (Ex. Anchor) Shares Offered | 8,34,000 | 18.91% | |
| NII (HNI) Shares Offered | 6,27,000 | 15.04% | 14.22% |
| Retail Shares Offered | 14,61,000 | 35.04% | 33.13% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.44% | |
| Total Shares Offered | 44,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
V.L.Infraprojects IPO raises ₹5.24 crore from anchor investors. V.L.Infraprojects IPO Anchor bid date is July 22, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 22, 2024 |
| Shares Offered | 12,48,000 |
| Anchor Portion (₹ Cr.) | 5.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 24, 2024 |
V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.
The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.
The company is a Class AA approved contractor by the Government of Gujarat, holds a civil/ electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh.
As of March 31, 2024, the company had a total of 30 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 56.91 | 28.36 | 19.55 | 16.41 |
| Total Income | 114.00 | 45.65 | 35.61 | 30.78 |
| Profit After Tax | 6.14 | 2.23 | 1.11 | 0.83 |
| NET Worth | 16.36 | 10.22 | 7.31 | 6.20 |
| Reserves and Surplus | 5.06 | 2.69 | 4.57 | 3.46 |
| Total Borrowing | 16.55 | 9.99 | 10.04 | 6.59 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 46.20% |
| ROCE | 39.09% |
| RoNW | 37.53% |
| PAT Margin | 5.39% |
| Price to Book Value | 2.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.43 | 3.91 |
| P/E (x) | 7.73 | 10.75 |
| Promoter Holding | 90.91% | 65.39% |
| Market Cap | ₹65.99 Cr. |
The V.L.Infraprojects IPO is subscribed 636.17 times on July 25, 2024 6:19:59 PM (Day 3). The public issue subscribed 844.22 times in the retail category, 203.73 times in the QIB category, and 726.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 203.73 | 8,34,000 | 16,99,11,000 |
| NII* | 726.56 | 6,27,000 | 45,55,53,000 |
| Retail | 844.22 | 14,61,000 | 1,23,34,11,000 |
| Total | 636.17 | 29,22,000 | 1,85,88,75,000 |
Total Application : 4,11,137
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.02 |
| 4 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.06 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.05 |
| 6 | Fees payable to Peer Review Auditor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 1.35 |
| 9 | Escrow Bank Fees | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹79.80 |
| Low | ₹79.80 |
| High | ₹83.75 |
| Last Trade | ₹83.75 |
Lead Manager Reports
V.L.Infraprojects IPO is a SME IPO of 44,10,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jul 23, 2024, and closes on Thu, Jul 25, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in V.L.Infraprojects IPO using UPI as a payment gateway. Zerodha customers can apply in V.L.Infraprojects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V.L.Infraprojects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V.L.Infraprojects IPO opens on Tue, Jul 23, 2024 and closes on Thu, Jul 25, 2024.
V.L.Infraprojects IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in V.L.Infraprojects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for V.L.Infraprojects IPO will be done on Friday, July 26, 2024, and the allotted shares will be credited to your demat account by Mon, Jul 29, 2024. Check the V.L.Infraprojects IPO allotment status.
The V.L.Infraprojects IPO listing date is on Tue, Jul 30, 2024.
