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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 ₹142.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,35,000 (1000 shares). The minimum lot size investment for 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 Date | May 9, 2025 to May 14, 2025 |
| Listing Date | May 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Issue Price Final | ₹142 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Reserved for Market Maker | 3,36,000 shares Alacrity Securities Ltd. (aggregating up to ₹4.77 Cr) |
| Net Offered to Public | 62,34,000 shares (aggregating up to ₹88.52 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
Virtual Galaxy Infotech IPO offers total 65,70,000 shares. Out of which 30,84,000 (46.94%) allocated to QIB, 12,44,000 (18.93%) allocated to QIB (Ex- Anchor), 9,50,000 (14.46%) allocated to NII, 22,00,000 (33.49%) allocated to RII and 18,40,000 (28.01%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.11%) |
| QIB Shares Offered | 30,84,000 (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 (14.46%) |
| Retail Shares Offered | 22,00,000 (33.49%) |
| Total Shares Offered | 65,70,000 (100.00%) |
Virtual Galaxy Infotech IPO raises ₹26.13 crore from anchor investors. Virtual Galaxy Infotech IPO Anchor bid date is May 8, 2025. Virtual Galaxy Infotech IPO Anchor Investors list
| Bid Date | May 8, 2025 |
| Shares Offered | 18,40,000 |
| Anchor Portion Size (In Cr.) | 26.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 13, 2025 |
Virtual Galaxy Infotech IPO opens on May 9, 2025, and closes on May 14, 2025.
| 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 Wed, May 14, 2025 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,84,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Virtual Galaxy Infotech IPO is ₹353.13 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 9.04 | 6.65 |
| P/E (x) | 15.71 | 21.35 |
The Company Virtual Galaxy Infotech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] VGIL is a digital solutions provider for BFSI segment with related products and services. It posted average performance till FY23, but then it posted spectacular bottom lines that irks and raises concern over its sustainability. Based on its super performance, the issue appears fully priced. It has orders on hand worth Rs. 47+ cr. as of December 31, 2024. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | May 19, 2025 |
| BSE Script Code | |
| NSE Symbol | VGINFOTECH |
| ISIN | INE0VRH01015 |
| Final Issue Price | ₹142 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| Open | ₹180.00 |
| Low | ₹180.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
Virtual Galaxy Infotech Ltd.
3, Central Excise Colony,
Behind Mahatme Eye Bank,
Chhatrapati Sq., Ring Road
Nagapur, Maharashtra, 440015
Phone: +91 9226531342
Email: investors@vgipl.in
Website: http://www.vgipl.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Virtual Galaxy Infotech IPO is a SME IPO of 65,70,000 equity shares of the face value of ₹10 aggregating up to ₹93.29 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 1000.
The IPO opens on May 9, 2025, and closes on 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 May 9, 2025 and closes on 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 Friday, May 16, 2025. Check the Virtual Galaxy Infotech IPO allotment status.
The Virtual Galaxy Infotech IPO listing date is on Monday, May 19, 2025.
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