Subscription
Last updated on 09-May-2025 19:43:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1244000 | 2080000 | 1.67 |
| NIB | 950000 | 369000 | 0.39 |
| RETAIL | 2200000 | 601000 | 0.27 |
| Total | 4394000 | 3050000 | 0.69 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 2 |
| NIB | 14 |
| RETAIL | 601 |
| Total | 617 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 17.66 | 29.54 | 1.67 |
| NIB | 13.49 | 0.47 | 0.03 |
| RETAIL | 31.24 | 8.53 | 0.27 |
| Total | 62.39 | 38.54 | 0.62 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.3 | @8% ₹0.4 | @9% ₹0.4 | @10% ₹0.5 | @11% ₹0.5 | @12% ₹0.5 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0 | @9% ₹0 | @10% ₹0 | @11% ₹0 | @12% ₹0 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 142000 | 2200 |
| HNI | 2 | 2000 | 284000 | 950 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.49% | 2200000 |
| NII (HNI) | 14.46% | 950000 |
| QIB | 18.93% | 1244000 |
| Anchor | 28.01% | 1840000 |
| Market Maker | 5.11% | 336000 |
| Total | 100.00% | 6570000 |
Virtual Galaxy Infotech IPO Details
| Issue Size | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Fresh Issue | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
| Market Maker Portion | 3,36,000 shares |
| Market Maker | Alacrity Securities |
Key Performance Indicator (KPI)
| KPI | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 43.24% | 53.52% | 3.54% |
| ROCE | 33.39% | 31.68% | 9.95% |
| RONW | 31.93% | 39.82% | 7.29% |
| EPS (basic) | 15.17 | 9.88 | 1.09 |
| P/E Pre IPO | 15.71 | ||
| P/E Post IPO | 21.35 |
Company Financials In Crores
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 116.9 | 84.4 | 67.8 |
| Revenue | 63.6 | 59.8 | 43.4 |
| Profit After Tax | 16.5 | 0.7 | 0.4 |
| Net Worth | 41.4 | 20.4 | 20.1 |
| Reserves and Surplus | 30.4 | 9.4 | 9.1 |
| Total Borrowing | 38.6 | 38.9 | 35.6 |
About Company
Virtual Galaxy Infotech Limited (VGIL), incorporated in September 1997 and headquartered in Nagpur, Maharashtra, is a technology-driven IT services and consulting firm offering innovative software products and services across sectors such as Banking and Finance, ERP, e-Government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. VGIL’s core strength lies in providing transaction automation, enhanced customer service delivery, regulatory compliance, and decision support tools. Its flagship product, “e-banker,” is a robust Core Banking Solution tailored for the evolving needs of financial institutions. With a client base spanning over 5,000 bank branches, manufacturing firms, and businesses, the company serves commercial banks, cooperative banks, NBFCs, SACCOs, and clients from industries like sugar, solvex, textiles, fertilizers, seeds, and education. VGIL’s operations extend across more than 15 Indian states and internationally to Tanzania and Malawi. Backed by a team of 329 employees as of December 31, 2024, and holding quality certifications such as ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023, VGIL continues to deliver reliable and efficient technology solutions that support digital transformation and organizational growth.
Strength
Integrated BFSI Solutions: Offers end-to-end software products like “e-banker” tailored for banking and financial institutions.
Diversified Sector Presence: Serves multiple industries including banking, manufacturing, agriculture, and education across domestic and international markets.
Multiple Revenue Streams: Generates income from a broad mix of software products, consulting services, and system integration projects.
Weakness
Client Concentration Risk: Heavy reliance on the "e-banker" product and a few major clients could significantly impact revenues if any are lost.
Order Dependency: Business is dependent on orders from banks, government, and private sector clients, posing risks if contracts are not secured or renewed.
Geographic Concentration: A significant portion of revenue comes from Maharashtra, making the company vulnerable to regional economic or regulatory disruptions.
Lead Manager(s)
Address
3, Central Excise Colony,
Behind Mahatme Eye Bank,
Chhatrapati Sq., Ring Road
Phone: +91 9226531342
Email: investors@vgipl.in
Website: http://www.vgipl.com/