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Virtual Galaxy Infotech Ltd

IT - Software

Offer Period :

9th to 14th May 2025

Virtual Galaxy Infotech Ltd IPO Details

IPO Date 9th to 14th May 2025 Minimum Investment ₹142000 / 1 Lots
Listing Date 2025-05-19 Maximum Investment ₹142000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹93.29 Crores
Price ₹135 to ₹142 per share Fresh Issue ₹93.29 Crores
Lot Size 1 Lots (1000 Shares) Offer For Sale ₹ [-]
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 18298635 Shares
Issue Type Book Building - SME Shareholding Post Issue 24868635 Shares
IPO Date 9th to 14th May 2025
Listing Date 2025-05-19
Face Value ₹10 per share
Price ₹135 to ₹142 per share
Lot Size 1 Lots (1000 Shares)
Listing At NSE-SME
Total Issue Size ₹93.29 Crores
Employee Discount ₹0 per share
Issue Type Book Building - SME
Minimum Investment ₹142000 / 1 Lots
Maximum Investment ₹142000 / 1 Lots
Fresh Issue ₹93.29 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 18298635 Shares
Shareholding Post Issue 24868635 Shares

About Virtual Galaxy Infotech Ltd IPO

Founding Head: 1997

Managing Director: Sachin Purushottam Pande

Virtual Galaxy Infotech Limited Timeline

Important dates for allocation and IPO listing.

9th May

IPO Opens

14th May

IPO Close

15th May

Allotment Date

16th May

Initiation of Refund

16th May

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 87.95 64.7
Public Group 12.05 35.3

Virtual Galaxy Infotech Ltd IPO Reservation

QIB Shares Offered 1244000(18.93%)
NII (HNI) Shares Offered 950000(14.46%)
Retail Shares Offered 2200000(33.49%)
Anchor Investor Shares Offered 1840000(28.01%)
Total Shares Offered 6570000
Total Shares With Anchor Investor 6570000

Virtual Galaxy Infotech Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 ₹142000
Retail (Max) 1 1000 ₹142000
S HNI (Min) 2 2000 ₹284000
S HNI (Max) 7 7000 ₹994000
B HNI (MIN) 8 8000 ₹1136000

Virtual Galaxy Infotech Ltd IPO Anchor Investor Details

Bid Date 08 May 2025
Shares Offered 0
Anchor Portion Size 0

Virtual Galaxy Infotech Ltd IPO Registrar

Maashitla Securities Pvt Ltd
Phone Number 011-4781432
Email Id investor.ipo@maashitla.com
Our Website www.maashitla.com

Virtual Galaxy Infotech Ltd IPO Lead Manager

1. Smart Horizon Capital Advisors Pvt Ltd

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Virtual Galaxy Infotech Ltd Financial Information

Period Ended March 31, March 31, March 31,
Net Worth
Reserves and Surplus
Total Borrowing

Virtual Galaxy Infotech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 1244000 2080000 1.672
Non Institutional Investors (NIIs) 950000 5025000 5.2895
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 950000 0 0
Retail Individual Investors (RIIs) 2200000 12642000 5.7464
Total 4730000 19747000 4.1748

Strength of Virtual Galaxy Infotech Ltd

1. One stop solution provider.

2. Diversified business across several verticals.

3. Diversified revenue streams.

4. Recurring and non-recurring, repeat revenues from long standing customer relationships.

5. Experienced promoters and senior management team with strong industry expertise and successful track record.

6. Growing our business through intellectual property capabilities.

7. Quality assurance and quality certification.

Risks Involved

1. Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. E-Banker. The loss of any one or more of its major clients would have a material effect on the company business operations and profitability.

2. The company depends on orders from the banks, government and private sector clients for majority of its revenue, which may expose it to risk. Additionally, the loss of or inability to qualify for such orders may adversely affect its business, financial condition, results of operations and prospects.

3. The company derives a significant portion of its revenue from customers located in Maharashtra. Any adverse developments in the region could adversely affect its business, results of operations, cash flows and financial condition.

4. The company revenues are dependent on clients concentrated in the BFSI segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.

5. Most projects the company operates have been awarded primarily through a competitive bidding process and its financial performance is largely dependent on the company successful bidding for new projects. Its may not always be able to qualify for, compete and win projects. If the company is not able to successfully bid for newprojects, it may adversely affect its business operations and financial conditions.

6. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

7. Significant disruptions in its information technology systems or breaches of data security could affect its business and reputation.

8. The company is dependent on its ability to customize software products as per the demands and requirements of the customer based on latest technology. If the company is not able to enhance current portfolio in response to evolving industry requirements, its operating results may be negatively affected.

9. The company has not yet placed orders for the GPU, server & storage system at Data Centre, which its propose to finance from the Net Proceeds. In the event of any delay in placing such orders, or in the event the vendors are not able to provide the equipment's in a timely manner, or at all, it may result in time and cost overruns and its business, prospects and results of operations may be adversely affected.

10. Its may faces several risks associated with the proposed expansion of the company development facility at Mihan SEZ, Nagpur, which could hamper its growth, prospects, cash flows and business and financial condition.

Why should you invest in

-

Virtual Galaxy Infotech Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Virtual Galaxy Infotech Limited IPO Contact Details

Virtual Galaxy Infotech Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-05-19 0 -
INE0VRH01015
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹135 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Virtual Galaxy Infotech Ltd IPO?

Answer Field

Virtual Galaxy Infotech Ltd IPO is a SME IPO of 65,70,000 equity shares of a face value of ₹10 aggregating up to ₹93.29 Crores. The issue is priced at ₹135 to ₹142 per share. The minimum order quantity is 1000 Shares. The IPO opens on May 09, 2025, and closes on May 14, 2025. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Virtual Galaxy Infotech Ltd IPO will open?

Answer Field

The Virtual Galaxy Infotech Ltd IPO opens on May 09, 2025 and closes on May 14, 2025.

What is the lot size of Virtual Galaxy Infotech Ltd?

Answer Field

Virtual Galaxy Infotech Ltd lot size is 1000 shares, and the minimum amount required is ₹1,42,000.

How to apply for Virtual Galaxy Infotech Ltd IPO?

Answer Field

You can apply in Virtual Galaxy Infotech Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Virtual Galaxy Infotech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Virtual Galaxy Infotech Ltd IPO will be done on May 15, 2025, and the allotted shares will be credited to your demat account by May 16, 2025.

When is Virtual Galaxy Infotech Ltd IPO listing date?

Answer Field

The Virtual Galaxy Infotech Ltd listing date is May 19, 2025.

Who is the registrar of Virtual Galaxy Infotech Ltd IPO?

Answer Field

The registrar of Virtual Galaxy Infotech Ltd IPO is Maashitla Securities Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Smart Horizon Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Virtual Galaxy Infotech Ltd IPO?

Answer Field

The fresh issue size is ₹93.29 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Virtual Galaxy Infotech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,42,000 amount.

How can I approve the UPI mandate request for Virtual Galaxy Infotech Ltd IPO?

Answer Field

To apply for Virtual Galaxy Infotech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Virtual Galaxy Infotech Ltd?

Answer Field

The price of each Virtual Galaxy Infotech Ltd share will be ranging in between ₹135 to ₹142 per share.

What is the cut-off time for the UPI mandate for Virtual Galaxy Infotech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 14, 2025.

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