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The Virtual Galaxy Infotech IPO will open for subscription on May 9, 2025, and will close on May 14, 2025. This IPO is a Book Built Issue, where the company aims to raise about ₹93.29 crores. The issue includes a fresh issue of shares worth ₹93.29 crores, along with an offer for sale (OFS) of an unspecified number of equity shares, each having a face value of ₹10.
The IPO price band has been set at ₹135 to ₹142 per share. For investors, the quota is divided as follows: 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The listing of Virtual Galaxy Infotech shares is scheduled on the NSE (National Stock Exchange) on May 19, 2025. The allotment date for shares is fixed for May 15, 2025.
Looking at the company’s financial performance, Virtual Galaxy Infotech recorded a revenue of ₹63.58 crores in 2024, compared to ₹59.76 crores in 2023. The profit after tax saw a big jump, rising to ₹16.54 crores in 2024 from just ₹0.72 crores in 2023. Based on these financials, experts suggest that investors should consider applying to this IPO with a long-term investment view.
Virtual Galaxy Infotech IPO: Key Details
Here’s a quick look at all the important details for the Virtual Galaxy Infotech IPO:
- IPO Opening Date: May 9, 2025
- IPO Closing Date: May 14, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹135 to ₹142 per share
- Total Issue Size: Approximately ₹93.29 crores
- Fresh Issue Size: Approximately ₹93.29 crores
- Issue Type: Book Built Issue
- Stock Exchange for Listing: NSE SME (Small and Medium Enterprises platform)
- Retail Investor Quota: Up to 35%
- Qualified Institutional Buyers (QIB) Quota: Up to 50%
- Non-Institutional Investors (NII) or HNI Quota: Up to 15%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
Virtual Galaxy Infotech IPO Market Lot Details
The minimum market lot for the Virtual Galaxy Infotech IPO is 1,000 shares, which means the minimum investment amount is ₹1,42,000.
Here’s a breakdown of the application details:
| Application Type | Lot Size | Number of Shares | Total Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 1,000 shares | ₹1,42,000 |
| Retail Maximum | 1 lot | 1,000 shares | ₹1,42,000 |
| Small HNI (S-HNI) Minimum | 2 lots | 2,000 shares | ₹2,84,000 |
Virtual Galaxy Infotech IPO Timeline
The Virtual Galaxy Infotech IPO will open for subscription on May 9, 2025, and will close on May 14, 2025. Here’s a complete timeline of important dates:
- IPO Open Date: May 9, 2025
- IPO Close Date: May 14, 2025
- Basis of Allotment (Finalization): May 15, 2025
- Refund Initiation: May 16, 2025
- Shares Credited to Demat Accounts: May 16, 2025
- IPO Listing Date: May 19, 2025
Promoters of Virtual Galaxy Infotech IPO
The company is promoted by Avinash Narayanrao Shende and Sachin Purushottam Pande.
About Virtual Galaxy Infotech IPO
Virtual Galaxy Infotech Limited, established in September 1997, is a rapidly growing IT services and consulting firm. Specializing in Software-as-a-Service (SaaS) products, the company offers a broad range of services, including banking software, IT solutions, ERP implementation, and custom software development. Their primary clients are from the BFSI, ERP, and E-Governance sectors, with the company focusing on the development, customization, installation, and implementation of software applications.
In addition to software development, Virtual Galaxy ensures continuous, smooth performance by providing maintenance services once the software is up and running. The company’s portfolio covers various services, including consultation, architecture, solution design, implementation, monitoring, and managed services. With a strong track record, Virtual Galaxy has delivered advanced technology solutions to over 5000 bank branches and businesses, supported by a dedicated team of more than 300 professionals.
Virtual Galaxy Infotech IPO Company Financial Report (Restated Consolidated)
For the fiscal year 2024, Virtual Galaxy Infotech reported a revenue of ₹63.58 crores, showing growth from ₹59.76 crores in 2023. The company’s profit surged to ₹16.54 crores in 2024, compared to ₹0.72 crores in 2023.
Financial Summary (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹43.44 | ₹41.66 | ₹0.40 | ₹67.80 |
| 2023 | ₹59.76 | ₹56.54 | ₹0.72 | ₹84.36 |
| 2024 | ₹63.58 | ₹40.63 | ₹16.54 | ₹116.93 |
| December 2024 | ₹101.37 | ₹62.65 | ₹27.42 | ₹146.03 |
Virtual Galaxy Infotech IPO Valuation – FY2024
Here are the key valuation metrics for Virtual Galaxy Infotech’s IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV):
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 53.52% |
| Return on Capital Employed (ROCE) | 31.68% |
| EBITDA Margin | 49.38% |
| Profit After Tax (PAT) Margin | 26.04% |
| Debt to Equity Ratio | 0.93 |
| Earnings Per Share (EPS) | ₹10.02 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 39.95% |
| Net Asset Value (NAV) | ₹25.09 |
Peer Group Comparison
Here’s a comparison of key financial metrics for Virtual Galaxy Infotech’s peers:
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Veefin Solutions Limited | 2.74 | 198.07 | 6.95 | 52.70 | – Cr. |
| Network People Services Technologies Limited | 13.78 | 201.57 | 62.04 | 29.67 | – Cr. |
| Trust Fintech Limited | 7.13 | 25.53 | 52.70 | 25.71 | – Cr. |
Objects of the Issue
The funds raised through the issue will be used for the following purposes:
- Capital expenditure to establish an additional development facility in Nagpur, Maharashtra
- Repayment/prepayment of certain borrowings taken by the company
- Investment in procuring GPU, server, and storage systems for the Data Centre
- Funding the enhancement, maintenance, and upgrading of existing products
- Financing business development and marketing activities
- General corporate purposes
Virtual Galaxy Infotech IPO Review
Here’s a list of brokerages and financial institutions that have reviewed or are expected to review the Virtual Galaxy Infotech IPO:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Virtual Galaxy Infotech IPO Registrar
- Maashitla Securities Private Limited
- Phone: +91-11-45121795-96
- Email: ipo@maashitla.com
- Website: maashitla.com
IPO Lead Managers (Merchant Bankers)
- Smart Horizon Capital Advisors Private Limited
Company Address
- Virtual Galaxy Infotech Limited
- 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road
- Phone: +91 9226531342
- Email: investors@vgipl.in
- Website: vgipl.com
Virtual Galaxy Infotech IPO FAQs
1. What is Virtual Galaxy Infotech IPO?
The Virtual Galaxy Infotech IPO is a Small and Medium Enterprise (SME) IPO. The company aims to raise ₹93.29 Crores through this IPO, with shares priced between ₹135 and ₹142 each. The IPO will be listed on the NSE.
2. When will Virtual Galaxy Infotech IPO open for subscription?
The IPO will open for subscription on May 9, 2025, and will be available to Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The issue will close on May 14, 2025.
3. What is the investor portion for Virtual Galaxy Infotech IPO?
The allocation for investors is as follows:
- QIBs: 50%
- NIIs: 15%
- Retail Investors: 35%
How to Apply for the Virtual Galaxy Infotech IPO?
You can apply for the Virtual Galaxy Infotech IPO through the ASBA (Application Supported by Blocked Amount) process online via your bank account. Alternatively, you can apply via UPI through your stock broker or fill out the offline application form through your broker.
- 1. What is the Virtual Galaxy Infotech IPO Issue Size?
- The total issue size for the Virtual Galaxy Infotech IPO is ₹93.29 crores.
- 2. What is the Virtual Galaxy Infotech IPO Price Band?
- The price band for the Virtual Galaxy Infotech IPO is ₹135 to ₹142 per share.
- 3. What is the Virtual Galaxy Infotech IPO Lot Size?
- The minimum bid for the IPO is 1000 shares, with an amount of ₹1,42,000.
- 4. What is the Virtual Galaxy Infotech IPO Allotment Date?
- The allotment date for the Virtual Galaxy Infotech IPO is May 15, 2025.
- 5. What is the Virtual Galaxy Infotech IPO Listing Date?
- The listing date for the Virtual Galaxy Infotech IPO is May 19, 2025. The shares will be listed on the NSE.
