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Virtual Galaxy Infotech Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.142.00
Issue Size:
Rs.93.29 Cr
Lot Size:
1 shares
Open Date:
May 9
Virtual Galaxy Infotech Limited IPO Overview
Bidding Dates
May 9 - May 14
Min Investment
₹142
Price Range
₹142.00
Issue Size
₹93.29 Cr
IPO DRHP Doc
Company Overview
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India. VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses. Their offerings focus on transaction automation, customer service delivery, compliance, and decision support. The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions. VGIL has over 300 professionals dedicated to delivering high-quality software solutions for clients and holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023. The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi. As of December 31, 2024, the company had a total strength of 329 employees on its payroll.
IPO Timeline
Opens
May 9
Closes
May 14
Allotment
May 15
Refunds
May 16
Shares Credit
May 16
Listing
May 19
Opens
May 9
Closes
May 14
Allotment
May 15
Refunds
May 16
Shares Credit
May 16
Listing
May 19
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 129.72x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 590.27x | Oversubscribed |
| RII (Retail Individual Investors) | 134.03x | Oversubscribed |
| Total Subscription | 231.45x | Oversubscribed |
Last updated: May 14, 2025, 06:57 PM
Current GMP:
Rs.110
Est. Listing:
Rs.252
Est. Gain:
+77.5%
Star Rating:
★★★★★(5/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Assets | ₹116.93 Cr | ₹84.36 Cr | ₹67.8 Cr |
| Net Worth | ₹41.4 Cr | ₹20.4 Cr | ₹20.14 Cr |
| Profit After Tax | ₹16.54 Cr | ₹0.72 Cr | ₹0.4 Cr |
| Reserves and Surplus | ₹30.4 Cr | ₹9.4 Cr | ₹9.14 Cr |
| Revenue | ₹63.58 Cr | ₹59.76 Cr | ₹43.44 Cr |
| Total Borrowing | ₹38.64 Cr | ₹38.85 Cr | ₹35.56 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Comprehensive one-stop software solutions for banking and financial services
- Diversified business across multiple verticals, including BFSI and ERP
- Strong in-house technology capabilities for custom software development
- Established client relationships in the BFSI and e-governance sectors
- High customer retention through integrated, scalable, and secure solutions
- Experienced management team with deep industry knowledge and expertise
- Robust intellectual property portfolio and proprietary software products
- Focus on innovative, customer-centric solutions for digital transformation
- Cost-effective solutions with high operational efficiency and scalability
IPO Details
Virtual Galaxy Infotech IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| IPO Date | May 9, 2025 to May 14, 2025 |
| Issue Price | ₹142 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | May 19, 2025 |
| Lot Size | 1,000 Shares |
| Share Holding Post Issue | 2,48,68,635 shares |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Total Issue Size | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
Virtual Galaxy Infotech IPO Reservation
Share Reservation Distribution
QIB
3,084,000 shares (46.94%)
Retail
2,200,000 shares (33.49%)
Anchor Investors
1,840,000 shares (28.01%)
HNI (NII)
950,000 shares (14.46%)
Market Maker
336,000 shares (5.11%)
Virtual Galaxy Infotech IPO Promoter Holding
| Share Holding Post Issue | 64.72% |
| Share Holding Pre Issue | 87.95% |
Virtual Galaxy Infotech IPO Listing Details
| ₹142 per share |
| INE0VRH01015 |
| May 19, 2025 |
| VGINFOTECH |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
| Low | ₹180.00 |
| Open | ₹180.00 |
Key Dates
Open Date:May 9
Close Date:May 14
Listing Date:May 19
