V.L.Infraprojects IPO

V.L.Infraprojects IPO  opens on July 23, 2024, and closes on July 25, 2024. The allotment for the V.L.Infraprojects IPO   is anticipated to be completed on Friday, July 26, 2024. The IPO will be listed on the NSE and SME, with a tentative date of Tuesday, July 30, 2024.

The price band for the V.L.Infraprojects  IPO is set at Rs 39 to Rs 42 per share. The IPO is a book-built issue of Rs 18.52 crores, entirely a fresh issue of 44.1 Lakhs shares.

V.L.Infraprojects IPO Details

V.L.Infraprojects IPO Lot Size

V.L.Infraprojects IPO Objectives

The objectives of the Issue are:

1. To Meet Working Capital Requirements; and
2. General Corporate Purpose.

About V.L.Infraprojects Limited

V.L. Infraprojects Limited, established in 2014, specializes in the design, building, and commissioning of various government projects, particularly focusing on water infrastructure and irrigation. The company executes water supply and wastewater infrastructure projects, which include the procurement and laying of pipes, their connection and commissioning, and all related civil engineering works such as pumping stations and the installation of electro-mechanical equipment for water distribution from rivers to households.

Additionally, the company provides operation and maintenance services for water pipelines. V.L. Infraprojects is a Class AA approved contractor by the Government of Gujarat, holds a civil/electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh.

As of March 31, 2024, the company had a total of 30 employees.

V.L.Infraprojects Limited Financial Information

V.L.Infraprojects Limited’s revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% between the financial year ending with March 31, 2024, and March 31, 2023.

V.L.Infraprojects IPO Reservation

V.L.Infraprojects IPO Timeline

V.L.Infraprojects IPO opens on July 23, 2024, and closes on July 25, 2024.

Conclusion

The V.L. Infraprojects IPO, opening on July 23, 2024, and closing on July 25, 2024, offers a compelling opportunity with a price band of Rs 39 to Rs 42 per share and a total issue size of Rs 18.52 crores through a fresh issue of 4.41 million shares. Aimed at meeting working capital requirements and general corporate purposes, the IPO will be listed on the NSE SME, with an anticipated allotment date of July 26 and a listing date of July 30, 2024. Established in 2014, V.L. Infraprojects specializes in water infrastructure and irrigation projects, boasting significant financial growth with a 149.72% increase in revenue and a 175.76% rise in profit after tax between FY 2023 and FY 2024.