Virtual Galaxy Infotech's Ipo To Open On May 9; Check Price Band, Other Key Details

SUMMARY

Virtual Galaxy Infotech Ltd (VGIL) is group to motorboat its first nationalist offering (IPO) connected May 9, 2025, aiming to raise Rs 93.29 crore. The IPO will adjacent connected May 14, 2025, pinch nan value set group betwixt Rs 135 and Rs 142 per share. 

VGIL, successful a release, said, has reserved 18,40,000 shares for anchor investors, and nan batch size for nan offering is 1,000 equity shares, pinch a look worth of Rs 10 each. The institution plans to database connected nan NSE Emerge platform.

The proceeds from nan IPO will beryllium utilised for various purposes, including Rs 34.27 crore allocated for superior expenditure to found a caller improvement installation successful Nagpur. Additionally, Rs 3 crore will spell towards nan repayment aliases prepayment of definite borrowings. The remaining costs will support further enhancements, maintenance, and trading activities. Smart Horizon Capital Advisors Private Limited is nan book moving lead head for nan issue.

VGIL, founded successful 1997, is simply a salient supplier of hybrid SaaS and endeavor package solutions, specialising successful nan BFSI sector. The institution offers an extended package portfolio, including products for illustration E-Banker, IBS-ERP, E-APMC, E-Autopsy, and V-Pay. With complete 26 years of experience, VGIL caters to clients crossed much than 15 states successful India, and has expanded internationally to countries for illustration Tanzania and Malawi successful Africa.

Financially, VGIL recorded a gross of Rs 101.24 crore and a profit aft taxation (PAT) of Rs 27.41 crore successful nan first 9 months of nan fiscal twelvemonth 2024-25. This marks a important summation from their erstwhile fiscal year, which saw a gross of Rs 61.46 crore and a PAT of Rs 16.3 crore. The institution antecedently raised Rs 21.44 crore successful a pre-IPO backing information successful July 2024 from salient investors.

The IPO's subscription specifications uncover allocations of 12,44,000 shares for qualified organization buyers (QIBs) and 22,00,000 shares for unit individual investors (RIIs). The anchor information will unfastened connected May 8, 2025. The lead managers expect beardown investor interest, fixed VGIL's coagulated marketplace position and maturation trajectory.

Published on: May 6, 2025 1:48 PM IST