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Vishnusurya Projects IPO is a fixed price issue of ₹49.98 crores. The issue is entirely a fresh issue of 0.74 crore shares of ₹49.98 crore.
Vishnusurya Projects IPO bidding started from Sep 29, 2023 and ended on Oct 5, 2023. The allotment for Vishnusurya Projects IPO was finalized on Oct 9, 2023. The shares got listed on NSE SME on Oct 10, 2023.
Vishnusurya Projects IPO price is ₹68.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,72,000.
Khandwala Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Vishnusurya Projects IPO RHP for detailed Information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 10, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 73,50,000 shares (aggregating up to ₹49.98 Cr) |
| Reserved for Market Maker | 3,70,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹2.52 Cr) |
| Net Offered to Public | 69,80,000 shares (aggregating up to ₹47.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,72,59,671 shares |
| Share Holding Post Issue | 2,46,09,671 shares |
Vishnusurya Projects and Infra IPO offers total 73,50,000 shares. Out of which 34,90,000 (47.48%) allocated to NII, 34,90,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,70,000 (5.03%) |
| NII (HNI) Shares Offered | 34,90,000 (47.48%) |
| Retail Shares Offered | 34,90,000 (47.48%) |
| Total Shares Offered | 73,50,000 (100.00%) |
Vishnusurya Projects IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Fri, Sep 29, 2023 |
| IPO Close Date | Thu, Oct 5, 2023 |
| Tentative Allotment | Mon, Oct 9, 2023 |
| Initiation of Refunds | Tue, Oct 10, 2023 |
| Credit of Shares to Demat | Tue, Oct 10, 2023 |
| Tentative Listing Date | Tue, Oct 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,36,000 |
| Retail (Max) | 1 | 2,000 | ₹1,36,000 |
| HNI (Min) | 2 | 4,000 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
The company has three business verticals:
The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,594.72 | 11,849.39 | 12,105.28 |
| Total Income | 6,339.33 | 9,603.62 | 13,326.06 |
| Profit After Tax | 229.18 | 2,158.97 | 1,736.64 |
| Net Worth | 3,573.72 | 4,155.88 | 5,952.39 |
| Reserves and Surplus | 3,078.32 | 3,660.48 | 5,043.99 |
| Total Borrowing | 1,472.32 | 3,489.49 | 3,625.24 |
The market capitalization of Vishnusurya Projects IPO is ₹167.35 Cr.
| KPI | Values |
|---|---|
| ROE | 27.86% |
| ROCE | 31.22% |
| Debt/Equity | 1.03 |
| RoNW | 27.86% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is in the infrastructure construction and related service segment. It has posted growth in its top and bottom lines for the reported periods. It has orders on hand worth Rs. 161+ cr. as of August 31, 2023. Based on FY23 earnings, the issue appears reasonably priced. Investors may park funds for medium to long-term rewards. Read detail review...
| Listing Date | October 10, 2023 |
| BSE Script Code | |
| NSE Symbol | VISHNUINFR |
| ISIN | INE0PQ001012 |
| Final Issue Price | ₹68 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹73.00 |
| Low | ₹73.00 |
| High | ₹76.65 |
| Last Trade | ₹76.65 |
Vishnusurya Projects & Infra Ltd.
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street,
Mylapore,
Chennai, Tamil Nadu, 600004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Vishnusurya Projects IPO is a SME IPO of 73,50,000 equity shares of the face value of ₹10 aggregating up to ₹49.98 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vishnusurya Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Vishnusurya Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishnusurya Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishnusurya Projects IPO opens on September 29, 2023 and closes on October 5, 2023.
Vishnusurya Projects IPO lot size is 2000, and the minimum amount required for application is ₹1,36,000.
You can apply in Vishnusurya Projects 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 Vishnusurya Projects IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 10, 2023. Check the Vishnusurya Projects IPO allotment status.
The Vishnusurya Projects IPO listing date is on Tuesday, October 10, 2023.
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