Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,17,000 (3000 shares). The minimum lot size investment for 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 Date | July 23, 2024 to July 25, 2024 |
| Listing Date | July 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹39 to ₹42 per share |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,10,000 shares (aggregating up to ₹18.52 Cr) |
| Reserved for Market Maker | 2,40,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.01 Cr) |
| Net Offered to Public | 41,70,000 shares (aggregating up to ₹17.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,13,02,500 shares |
| Share Holding Post Issue | 1,57,12,500 shares |
V.L.Infraprojects IPO offers total 44,10,000 shares. Out of which 20,82,000 (47.21%) allocated to QIB, 8,34,000 (18.91%) allocated to QIB, 6,27,000 (14.22%) allocated to NII, 14,61,000 (33.13%) allocated to RII and 12,48,000 (28.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.44%) |
| QIB Shares Offered | 20,82,000 (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 (14.22%) |
| Retail Shares Offered | 14,61,000 (33.13%) |
| Total Shares Offered | 44,10,000 (100.00%) |
V.L.Infraprojects IPO raises ₹5.24 crore from anchor investors. V.L.Infraprojects IPO Anchor bid date is July 22, 2024. V.L.Infraprojects IPO Anchor Investors list
| Bid Date | July 22, 2024 |
| Shares Offered | 12,48,000 |
| Anchor Portion Size (In Cr.) | 5.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 24, 2024 |
V.L.Infraprojects IPO opens on July 23, 2024, and closes on July 25, 2024.
| IPO Open Date | Tue, Jul 23, 2024 |
| IPO Close Date | Thu, Jul 25, 2024 |
| Tentative Allotment | Fri, Jul 26, 2024 |
| Initiation of Refunds | Mon, Jul 29, 2024 |
| Credit of Shares to Demat | Mon, Jul 29, 2024 |
| Tentative Listing Date | Tue, Jul 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 25, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
V.L.Infraprojects Limited's revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,691.39 | 2,836.24 | 1,955.40 | 1,641.29 |
| Total Income | 11,400.05 | 4,565.14 | 3,560.70 | 3,077.57 |
| Profit After Tax | 614.01 | 222.66 | 110.58 | 83.37 |
| Net Worth | 1,636.01 | 1,022.00 | 730.84 | 620.26 |
| Reserves and Surplus | 505.76 | 268.50 | 456.84 | 346.26 |
| Total Borrowing | 1,654.81 | 999.02 | 1,003.52 | 659.41 |
| Amount in ₹ Lakhs | ||||
The market capitalization of V.L.Infraprojects IPO is ₹65.99 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.20% |
| ROCE | 39.09% |
| RoNW | 37.53% |
| PAT Margin | 5.39% |
| Price to Book Value | 2.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.43 | 3.91 |
| P/E (x) | 7.73 | 10.75 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is engaged in water pipeline and sewerage related activities and adding irrigation, building and road construction activities. It marked sharp improvement in its FY24 performance based on higher spending by the state governments. It has pending orders worth Rs. 160 cr. as of March 31, 2024. Based on FY24 earnings, the issue appears lucratively priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | July 30, 2024 |
| BSE Script Code | |
| NSE Symbol | VLINFRA |
| ISIN | INE0QXL01015 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹79.80 |
| Low | ₹79.80 |
| High | ₹83.75 |
| Last Trade | ₹83.75 |
V.L.Infraprojects Ltd.
Office at 716,
Shivalik Satyamev,
Near Vakil saheb Bridge Bopal,
Ahmedabad, Gujarat, 380058
Phone: +91 9998850177
Email: cs@vlil.in
Website: http://www.vlil.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
V.L.Infraprojects IPO is a SME IPO of 44,10,000 equity shares of the face value of ₹10 aggregating up to ₹18.52 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on July 23, 2024, and closes on July 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 July 23, 2024 and closes on July 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 Monday, July 29, 2024. Check the V.L.Infraprojects IPO allotment status.
The V.L.Infraprojects IPO listing date is on Tuesday, July 30, 2024.
Useful Articles
RHP