Bookbuilding IPO | ₹61 Cr | Listed at BSE SME | Tue, Jul 23, 2024 - Thu, Jul 25, 2024
VVIP Infratech IPO is a book build issue of ₹61.21 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹61.21 crore.
VVIP Infratech IPO bidding started from Jul 23, 2024 and ended on Jul 25, 2024. The allotment for VVIP Infratech IPO was finalized on Jul 26, 2024. The shares got listed on BSE SME on Jul 30, 2024.
VVIP Infratech IPO price band is set at ₹93 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,11,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,23,200.
Share India Capital Services 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 Share India Securities Ltd..
Refer to VVIP Infratech IPO RHP for detailed Information.
IPO Open
Tue, Jul 23, 2024
IPO Close
Thu, Jul 25, 2024
Issue Price
₹93 per share
Market Cap (Pre-IPO)
₹232.22 Cr
| IPO Date | 23 to 25 Jul, 2024 |
| Listed on | Tue, Jul 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹93 |
| Issue Price | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 65,82,000 shares (agg. up to ₹61 Cr) |
| Reserved for Market Maker | 3,38,400 shares Share India Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 62,43,600 shares (agg. up to ₹58 Cr) |
| Net Offered to Public | 62,43,600 shares (agg. up to ₹58 Cr) |
| Share Holding Pre Issue | 1,83,87,700 shares |
| Share Holding Post Issue | 2,49,69,700 shares |
| BSE Script Code | 544219 |
| ISIN | INE0MNP01016 |
VVIP Infratech IPO comprises a total issue size of 65,82,000 shares. The net offer to the public is 62,43,600 shares, after excluding 3,38,400 shares allotted on a firm basis. Of the Net offer 31,20,000 (49.97%) are allocated to QIB, 9,37,200 (15.01%) allocated to NII 21,86,400 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 31,20,000 | 49.97% | 47.40% |
| − Anchor Investor Shares Offered | 18,72,000 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 12,48,000 | 18.96% | |
| NII (HNI) Shares Offered | 9,37,200 | 15.01% | 14.24% |
| Retail Shares Offered | 21,86,400 | 35.02% | 33.22% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,38,400 | 5.14% | |
| Total Shares Offered | 65,82,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,11,600 |
| Retail (Max) | 1 | 1,200 | ₹1,11,600 |
| HNI (Min) | 2 | 2,400 | ₹2,23,200 |
VVIP Infratech IPO raises ₹17.41 crore from anchor investors. VVIP Infratech IPO Anchor bid date is July 22, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 22, 2024 |
| Shares Offered | 18,72,000 |
| Anchor Portion (₹ Cr.) | 17.41 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 24, 2024 |
VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.
The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.
As of September 30, 2023, the company had a total of 466 employees.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 263.20 | 241.59 | 266.25 |
| Total Income | 285.88 | 210.56 | 185.26 |
| Profit After Tax | 20.71 | 13.58 | 4.53 |
| NET Worth | 110.61 | 86.40 | 68.04 |
| Reserves and Surplus | 92.22 | 85.79 | 67.43 |
| Total Borrowing | 44.32 | 35.98 | 66.80 |
| 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 | 10.50 |
| 2 | Working Capital Requirement | 40.00 |
| 3 | General Corporate Purpose | 4.12 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 21.36% |
| ROCE | 19.00% |
| Debt/Equity | 0.40 |
| RoNW | 18.73% |
| PAT Margin | 7.31% |
| Price to Book Value | 0.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.26 | 8.29 |
| P/E (x) | 8.26 | 11.21 |
| Promoter Holding | 92.34% | 68% |
| Market Cap | ₹232.22 Cr. |
The VVIP Infratech IPO is subscribed 236.92 times on July 25, 2024 6:19:07 PM (Day 3). The public issue subscribed 181.73 times in the retail category, 168.45 times in the QIB category, and 456.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 168.45 | 12,48,000 | 21,02,31,600 |
| NII* | 456.82 | 9,37,200 | 42,81,34,800 |
| Retail | 181.73 | 21,86,400 | 39,73,39,200 |
| Total | 236.92 | 43,71,600 | 1,03,57,05,600 |
Total Application : 2,07,834
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees | 0.40 |
| 2 | Underwriting Commission | 2.45 |
| 3 | Brokerage and selling commission | 0.07 |
| 4 | Fees Payable to Registrar to the Issue | 0.09 |
| 5 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 6 | Fees Payable to Regulators including Stock Exchanges | 0.25 |
| 7 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 8 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | 0.08 |
| 9 | Others (Brokerage and selling commission and bidding charges for Members of the Registered Brokers, Marketing & selling Dist. Exp and CDPs,Consulatancy Exp, Market Maker Fees and Miscellaneous Expenses) | 3.20 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹93.00 |
| Open | ₹176.70 |
| Low | ₹176.70 |
| High | ₹185.53 |
| Last Trade | ₹185.53 |
Lead Manager Reports
VVIP Infratech IPO is a SME IPO of 65,82,000 equity shares of the face value of ₹10 aggregating up to ₹61 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jul 23, 2024, and closes on Thu, Jul 25, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in VVIP Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in VVIP Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VVIP Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VVIP Infratech IPO opens on Tue, Jul 23, 2024 and closes on Thu, Jul 25, 2024.
VVIP Infratech IPO lot size is 1200, and the minimum amount required for application is ₹1,11,600.
You can apply in VVIP Infratech 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 VVIP Infratech IPO will be done on Friday, July 26, 2024, and the allotted shares will be credited to your demat account by Mon, Jul 29, 2024. Check the VVIP Infratech IPO allotment status.
The VVIP Infratech IPO listing date is on Tue, Jul 30, 2024.
