Fixed Price IPO | ₹50 Cr | Listed at NSE SME | Fri, Sep 29, 2023 - Thu, Oct 5, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 29, 2023
IPO Close
Thu, Oct 5, 2023
Issue Price
₹68 per share
Market Cap (Pre-IPO)
₹167.35 Cr
| IPO Date | 29 Sep to 5 Oct, 2023 |
| Listed on | Tue, Oct 10, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 73,50,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 3,70,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 69,80,000 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 69,80,000 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,72,59,671 shares |
| Share Holding Post Issue | 2,46,09,671 shares |
| NSE Symbol | VISHNUINFR |
| ISIN | INE0PQ001012 |
Vishnusurya Projects IPO comprises a total issue size of 73,50,000 shares. The net offer to the public is 69,80,000 shares, after excluding 3,70,000 shares allotted on a firm basis. Of the Net offer 34,90,000 (50.00%) allocated to NII 34,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 34,90,000 | 50.00% | 47.48% |
| Retail Shares Offered | 34,90,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,70,000 | 5.03% | |
| Total Shares Offered | 73,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 121.05 | 118.49 | 95.95 |
| Total Income | 133.26 | 96.04 | 63.39 |
| Profit After Tax | 17.37 | 21.59 | 2.29 |
| NET Worth | 59.52 | 41.56 | 35.74 |
| Reserves and Surplus | 50.44 | 36.60 | 30.78 |
| Total Borrowing | 36.25 | 34.89 | 14.72 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of working capital requirements of the Company | 30.00 |
| 2 | Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company; and | 9.15 |
| 3 | General Corporate Purposes | 3.84 |
| KPI | |
|---|---|
| ROE | 27.86% |
| ROCE | 31.22% |
| Debt/Equity | 1.03 |
| RoNW | 27.86% |
| PAT Margin | 12.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 25.30 | |
| P/E (x) | 2.69 | 9.63 |
| Promoter Holding | 88.74% | 62.24% |
| Market Cap | ₹167.35 Cr. |
The Vishnusurya Projects and Infra IPO is subscribed 44.11 times on October 5, 2023 7:29:00 PM (Day 4). The public issue subscribed 43.63 times in the retail category, [.] times in the QIB category, and 36.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 36.32 | 34,90,000 | 12,67,62,000 |
| Retail | 43.63 | 34,90,000 | 15,22,60,000 |
| Total | 44.11 | 69,80,000 | 30,78,64,000 |
Total Application : 76,130
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM and commissions (including underwriting commission, brokerage and selling commission) | 1.20 |
| 2 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs | 0.10 |
| 3 | Fees payable to the Registrar of the Issue | 0.03 |
| 4 | Fees payable to the other advisors to the Issue/Company | 5.25 |
| 5 | Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.11 |
| 6 | Printing and distribution of Issue Stationery | 0.01 |
| 7 | Advertising and Marketing Expenses | 0.02 |
| 8 | Fees payable to the Legal Advisor to the Issue | 0.15 |
| 9 | Miscellaneous | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹68.00 |
| Open | ₹73.00 |
| Low | ₹73.00 |
| High | ₹76.65 |
| Last Trade | ₹76.65 |
Lead Manager Reports
Vishnusurya Projects IPO is a SME IPO of 73,50,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 29, 2023, and closes on Thu, Oct 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 Fri, Sep 29, 2023 and closes on Thu, Oct 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 Tue, Oct 10, 2023. Check the Vishnusurya Projects IPO allotment status.
The Vishnusurya Projects IPO listing date is on Tue, Oct 10, 2023.
