Virtual Galaxy Infotech Limited IPO Details – Price, Date, GMP & Analysis
Virtual Galaxy Infotech Limited IPO Overview
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
Open Date
Fri, May 9, 2025
CompletedClose Date
Wed, May 14, 2025
CompletedAllotment
Thu, May 15, 2025
CompletedRefund Process
Fri, May 16, 2025
CompletedCredit to Demat
Fri, May 16, 2025
CompletedListing Date
Mon, May 19, 2025
CompletedSubscription Status
View Subscription DetailsLatest 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: Invalid Date
Grey Market Premium (GMP)
View GMP AnalysisFinancial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 and Surplus | 30.40 | 9.40 | 9.14 |
| Total Borrowing | 38.64 | 38.85 | 35.56 |
IPO Details
Virtual Galaxy Infotech IPO Details
| IPO Date | May 9, 2025 to May 14, 2025 |
| Listing Date | May 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹142 per share |
| Lot Size | 1,000 Shares |
| Total 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 |
Virtual Galaxy Infotech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,40,000 (28.01%) |
| Market Maker Shares Offered | 3,36,000 (5.11%) |
| QIB Shares Offered | 30,84,000 (46.94%) |
| NII (HNI) Shares Offered | 9,50,000 (14.46%) |
| Retail Shares Offered | 22,00,000 (33.49%) |
| Total Shares Offered | 65,70,000 (100%) |
Virtual Galaxy Infotech IPO Timeline (Tentative Schedule)
| IPO Open Date | Fri, May 9, 2025 |
| IPO Close Date | Wed, May 14, 2025 |
| Tentative Allotment | Thu, May 15, 2025 |
| Initiation of Refunds | Fri, May 16, 2025 |
| Credit of Shares to Demat | Fri, May 16, 2025 |
| Tentative Listing Date | Mon, May 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2025 |
Virtual Galaxy Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,42,000 |
| Retail (Max) | 1 | 1000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,84,000 |
Virtual Galaxy Infotech IPO Promoter Holding
| Share Holding Pre Issue | 87.95% |
| Share Holding Post Issue | 64.72% |
Virtual Galaxy Infotech IPO Listing Details
| May 19, 2025 |
| VGINFOTECH |
| INE0VRH01015 |
| ₹142 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹142.00 |
| Open | ₹180.00 |
| Low | ₹180.00 |
| High | ₹189.00 |
| Last Trade | ₹189.00 |
How to Apply for Virtual Galaxy Infotech Limited IPO
To apply for the Virtual Galaxy Infotech Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Virtual Galaxy Infotech Limited IPO
- Enter bid quantity (minimum 1000 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before May 14
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹142,000(approx. based on lower price band)
Key Dates
Virtual Galaxy Infotech Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Virtual Galaxy Infotech Limited IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.