Virtual Galaxy Infotech Limited IPO
NSE SMEListed On: May 19, 2025 at ₹ 180.0
₹ 142000 /1000 Shares
Check Allotment09 May, 2025
Open Date14 May, 2025
Close Date15 May, 2025
Allotment Date19 May, 2025
Listing DateIssue Price
₹135-142 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Private LimitedList Price
180.0Listing Date
2025-05-19Market Lot
1000 Shares (₹142,000/-)Lead Manager
Smart Horizon Capital Advisors Private LimitedIssue Size
65,70,000 shares(aggregating up to ₹93.29 Cr)Retail Portion
35%Subscription
timesVirtual Galaxy Infotech IPO Details
Virtual Galaxy Infotech Limited IPO is an SME IPO, priced at ₹135-142 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 65,70,000 equity shares, aggregating up to ₹93.29 crores..
The IPO bidding window is open from May 9, 2025 to May 14, 2025. The allotment is expected to be finalized on May 15, 2025, and the tentative listing date is May 19, 2025.
The minimum lot size for retail investors is 1000 shares, with a minimum investment of ₹1,42,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,84,000.
Smart Horizon Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Alacrity Securities Ltd will act as the market maker for this issue.
Virtual Galaxy Infotech IPO Subscription Details
| As on | QIB / NII | Retail | |
|---|---|---|---|
| Shares Offered / Reserved | 12,44,000 / 9,50,000 | 22,00,000 | N/A |
| Day 1 - 09-05-25 06:00 PM | 1.67 / 0.39 x | 0.27 x | N/A x |
| Day 2 - 12-04-25 06:00 PM | 1.67 / 4.97 x | 5.94 x | N/A x |
| Day 3 - 13-05-25 06:00 PM | 3.40 / 37.61 x | 31.34 x | N/A x |
| Day 4 - 14-05-25 06:00 PM | 129.72 / 590.58 x | 130.71 x | N/A x |
Virtual Galaxy Infotech Valuations
EPS Pre IPO
₹9.04/-EPS Post IPO
₹6.65/-P/E Pre IPO
15.71P/E Post IPO
21.35ROE
53.52%ROCE
31.68%Debt/Equity
0.93RoNW
39.95%PAT Margin
26.04Price to Book Value
5.66Virtual Galaxy Infotech Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 116.93 | 84.36 | 67.80 |
| Revenue | 63.58 | 59.76 | 43.44 |
| Profit After Tax | 16.54 | 0.72 | 0.40 |
| Net Worth | 41.40 | 20.40 | 20.14 |
| Reserves & Surplus | 30.40 | 9.40 | 9.14 |
| Total Borrowing | 38.64 | 38.85 | 35.56 |
About The Company
Established in September 1997, Virtual Galaxy Infotech Limited (VGIL) is a Nagpur, Maharashtra, India-based IT services and consulting company.
VGIL provides cutting-edge software products and services to various industries such as Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration.VGIL has successfully implemented advanced technology solutions to over 5,000 bank branches, manufacturing companies, and businesses.
Their solutions are centered around transaction automation, customer service delivery, compliance, and decision support.Their most prominent product is e-banker, an integrated Core Banking Solution aimed at meeting the changing techno-financial landscape of banks.
The firm employs more than 300 professionals committed to delivering high-quality software solutions to clients.VGIL's capabilities reach across providing varied organizations, such as bank branches, manufacturing facilities, and business houses, with robust and effective technology services that enable organizations to succeed in an ever-changing digital environment.
The organization is ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023 certified.The company caters to commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI segment, and corporate clients in the sugar, solvex, textile, fertiliser, seed, and education segments.The company has client presence in more than 15 Indian states and has crossed geographical boundaries to Tanzania and Malawi.
As on December 31, 2024, the company had a total of 329 employees on its rolls.
Virtual Galaxy Infotech - Promoter(s)
Pre Issue Share Holding: %
Post Issue Share Holding: %
- Avinash Narayanrao Shende
- Sachin Purushottam Pande
Virtual Galaxy Infotech IPO - Issue Objectives
- Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra
- Repayment/ prepayment of certain borrowings availed by the Company
- Investment in procuring GPU, server & storage system at Data Centre
- Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring
- Funding for business development and marketing activities
- General corporate purposes
Other Details
Virtual Galaxy Infotech
3, Central Excise Colony, Behind Mahatme Eye Bank,Chhatrapati Sq., Ring Road, Nagpur, Maharashtra,India, 440015Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Virtual Galaxy Infotech IPO - FAQs
Ans. Virtual Galaxy Infotech Limited IPO is a SME IPO. The issue is priced at ₹135-142 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 9, 2025, and closes on May 14, 2025. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Virtual Galaxy Infotech Limited IPO opens on May 9, 2025 and closes on May 14, 2025.
Ans. The size of Virtual Galaxy Infotech Limited IPO is 65,70,000 shares(aggregating up to ₹93.29 Cr).
Ans. The IPO price band is set between ₹135-142 per equity share.
Ans. To apply for Virtual Galaxy Infotech Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Virtual Galaxy Infotech Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Virtual Galaxy Infotech Limited IPO is May 15, 2025.
Ans. The Virtual Galaxy Infotech Limited IPO will be listed on May 19, 2025.
Ans. Follow the steps to check the allotment status for Virtual Galaxy Infotech Limited IPO here.
