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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 ₹93.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,09,200 (1200 shares). The minimum lot size investment for 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 Date | July 23, 2024 to July 25, 2024 |
| Listing Date | July 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹93 per share |
| Issue Price Final | ₹93 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,82,000 shares (aggregating up to ₹61.21 Cr) |
| Reserved for Market Maker | 3,38,400 shares Share India Securities Ltd. (aggregating up to ₹3.15 Cr) |
| Net Offered to Public | 62,43,600 shares (aggregating up to ₹58.07 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,83,87,700 shares |
| Share Holding Post Issue | 2,49,69,700 shares |
VVIP Infratech IPO offers total 65,82,000 shares. Out of which 31,20,000 (47.40%) allocated to QIB, 12,48,000 (18.96%) allocated to QIB, 9,37,200 (14.24%) allocated to NII, 21,86,400 (33.22%) allocated to RII and 18,72,000 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,38,400 (5.14%) |
| QIB Shares Offered | 31,20,000 (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 (14.24%) |
| Retail Shares Offered | 21,86,400 (33.22%) |
| Total Shares Offered | 65,82,000 (100.00%) |
VVIP Infratech IPO raises ₹17.41 crore from anchor investors. VVIP Infratech IPO Anchor bid date is July 22, 2024. VVIP Infratech IPO Anchor Investors list
| Bid Date | July 22, 2024 |
| Shares Offered | 18,72,000 |
| Anchor Portion Size (In Cr.) | 17.41 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 24, 2024 |
VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024.
| IPO Open Date | Tue, Jul 23, 2024 |
| IPO Close Date | Thu, Jul 25, 2024 |
| Tentative Allotment | Fri, Jul 26, 2024 |
| Initiation of Refunds | Mon, Jul 29, 2024 |
| Credit of Shares to Demat | Mon, Jul 29, 2024 |
| Tentative Listing Date | Tue, Jul 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 25, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,11,600 |
| Retail (Max) | 1 | 1,200 | ₹1,11,600 |
| HNI (Min) | 2 | 2,400 | ₹2,23,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
VVIP Infratech Limited's revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,319.67 | 24,158.58 | 26,624.58 |
| Total Income | 28,588.31 | 21,056.28 | 18,526.04 |
| Profit After Tax | 2,071.23 | 1,357.66 | 452.96 |
| Net Worth | 11,061.17 | 8,639.66 | 6,803.50 |
| Reserves and Surplus | 9,222.40 | 8,579.13 | 6,742.97 |
| Total Borrowing | 4,431.98 | 3,598.39 | 6,679.88 |
| Amount in ₹ Lakhs | |||
The market capitalization of VVIP Infratech IPO is ₹232.22 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 11.26 | 8.29 |
| P/E (x) | 8.26 | 11.21 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is engaged in infrastructure activities with major focus on STP related services. It posted growth in its top and bottom lines for the reported periods and has order book worth Rs. 477+ cr. as of March 31, 2024. Based on FY24 super earnings the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | July 30, 2024 |
| BSE Script Code | 544219 |
| NSE Symbol | |
| ISIN | INE0MNP01016 |
| Final Issue Price | ₹93 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹93.00 |
| Open | ₹176.70 |
| Low | ₹176.70 |
| High | ₹185.53 |
| Last Trade | ₹185.53 |
VVIP Infratech Ltd.
Fifth Floor, VVIP Style,
Nh-58 Raj Nagar Extension,
Ghaziabad - 201017
Ghaziabad, Uttar Pradesh
Phone: +91 9990060123
Email: cs@vvipinfra.com
Website: http://www.vvipinfra.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
VVIP Infratech IPO is a SME IPO of 65,82,000 equity shares of the face value of ₹10 aggregating up to ₹61.21 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 1200.
The IPO opens on July 23, 2024, and closes on July 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 July 23, 2024 and closes on July 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 Monday, July 29, 2024. Check the VVIP Infratech IPO allotment status.
The VVIP Infratech IPO listing date is on Tuesday, July 30, 2024.
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