Bookbuilding IPO | ₹93 Cr | Listed at NSE SME | Fri, May 9, 2025 - Wed, May 14, 2025
Virtual Galaxy Infotech IPO is a book build issue of ₹93.29 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹93.29 crore.
Virtual Galaxy Infotech IPO bidding started from May 9, 2025 and ended on May 14, 2025. The allotment for Virtual Galaxy Infotech IPO was finalized on May 15, 2025. The shares got listed on NSE SME on May 19, 2025.
Virtual Galaxy Infotech IPO price band is set at ₹142 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,42,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,84,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to Virtual Galaxy Infotech IPO RHP for detailed Information.
IPO Open
Fri, May 9, 2025
IPO Close
Wed, May 14, 2025
Issue Price
₹142 per share
Market Cap (Pre-IPO)
₹353.13 Cr
| IPO Date | 9 to 14 May, 2025 |
| Listed on | Mon, May 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹142 |
| Issue Price | ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,70,000 shares (agg. up to ₹93 Cr) |
| Reserved for Market Maker | 3,36,000 shares Alacrity Securities Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 62,34,000 shares (agg. up to ₹89 Cr) |
| Net Offered to Public | 62,34,000 shares (agg. up to ₹89 Cr) |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
| NSE Symbol | VGINFOTECH |
| ISIN | INE0VRH01015 |
Virtual Galaxy Infotech IPO comprises a total issue size of 65,70,000 shares. The net offer to the public is 62,34,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 30,84,000 (49.47%) are allocated to QIB, 9,50,000 (15.24%) allocated to NII 22,00,000 (35.29%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,84,000 | 49.47% | 46.94% |
| − Anchor Investor Shares Offered | 18,40,000 | 28.01% | |
| − QIB (Ex. Anchor) Shares Offered | 12,44,000 | 18.93% | |
| NII (HNI) Shares Offered | 9,50,000 | 15.24% | 14.46% |
| Retail Shares Offered | 22,00,000 | 35.29% | 33.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.11% | |
| Total Shares Offered | 65,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,84,000 |
Virtual Galaxy Infotech IPO raises ₹26.13 crore from anchor investors. Virtual Galaxy Infotech IPO Anchor bid date is May 8, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, May 8, 2025 |
| Shares Offered | 18,40,000 |
| Anchor Portion (₹ Cr.) | 26.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 13, 2025 |
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India.
VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration.
The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses.
Their offerings focus on transaction automation, customer service delivery, compliance, and decision support.
The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions.
The company has over 300 professionals dedicated to delivering high-quality software solutions for clients.
VGIL's expertise extends to supporting diverse organizations, including bank branches, manufacturing setups, and business houses, ensuring reliable and efficient technology services that empower organizations to thrive in a fast-evolving digital landscape.
The company holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023.
The company serves commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI sector, and corporate clients in the sugar, solvex, textiles, fertiliser, seed, and education industries.
The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi.
As of December 31, 2024, the company had a total strength of 329 employees on its payroll.
Competitive Strength
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 116.93 | 84.36 | 67.80 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra | 34.27 |
| 2 | Repayment/prepayment of certain borrowings availed by the Company | 3.00 |
| 3 | Investment in procuring GPU, server & storage system at Data Centre | 5.05 |
| 4 | Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring | 18.90 |
| 5 | Funding for business development and marketing activities | 14.06 |
| 6 | General corporate purposes | 6.06 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 53.52% |
| ROCE | 31.68% |
| Debt/Equity | 0.93 |
| RoNW | 39.95% |
| PAT Margin | 26.04% |
| Price to Book Value | 5.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.04 | 6.65 |
| P/E (x) | 15.71 | 21.35 |
| Promoter Holding | 87.95% | 64.72% |
| Market Cap | ₹353.13 Cr. |
The Virtual Galaxy Infotech IPO is subscribed 231.45 times on May 14, 2025 6:55:00 PM (Day 4). The public issue subscribed 134.03 times in the retail category, 129.72 times in the QIB category, and 590.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 129.72 | 12,44,000 | 16,13,67,000 | 131 |
| NII* | 590.27 | 9,50,000 | 56,07,55,000 | 28,809 |
| Retail | 134.03 | 22,00,000 | 29,48,67,000 | 2,94,867 |
| Total | 231.45 | 43,94,000 | 1,01,69,89,000 | 3,23,807 |
Total Application : 3,23,807
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 11.47 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of offer stationery | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review etc.) | 0.37 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| Open | ₹180.00 |
| Low | ₹180.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
Lead Manager Reports
Virtual Galaxy Infotech IPO is a SME IPO of 65,70,000 equity shares of the face value of ₹10 aggregating up to ₹93 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 1000.
The IPO opens on Fri, May 9, 2025, and closes on Wed, May 14, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Virtual Galaxy Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in Virtual Galaxy Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Virtual Galaxy Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Virtual Galaxy Infotech IPO opens on Fri, May 9, 2025 and closes on Wed, May 14, 2025.
Virtual Galaxy Infotech IPO lot size is 1000, and the minimum amount required for application is ₹1,42,000.
You can apply in Virtual Galaxy Infotech 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 Virtual Galaxy Infotech IPO will be done on Thursday, May 15, 2025, and the allotted shares will be credited to your demat account by Fri, May 16, 2025. Check the Virtual Galaxy Infotech IPO allotment status.
The Virtual Galaxy Infotech IPO listing date is on Mon, May 19, 2025.
