VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024. The allotment for the VVIP Infratech IPO is anticipated to be completed on Friday, July 26, 2024. The IPO will be listed on the BSE and SME, with a tentative listing date set for Tuesday, July 30, 2024.
The price band for the VVIP Infratech IPO is set at Rs 91 to Rs 93 per share. The IPO is a book-built issue of Rs 61.21 crores, entirely a fresh issue of 65.82 Lakhs shares.
VVIP Infratech IPO Details
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹91 to ₹93 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Fresh Issue | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre-issue | 18,387,700 |
| Shareholding post-issue | 24,969,700 |
| Market Maker portion | 338,400 shares |
VVIP Infratech IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2400 | ₹223,200 |
VVIP Infratech IPO Objectives
The objectives of the Issue are:
- Capital Expenditure
- General Corporate Purpose.
- Working Capital Requirement
- Issue Expense
About VVIP Infratech Limited
VVIP Infratech Ltd, incorporated in 2001, is a “Class-A” civil and electrical contractor specializing in focused infrastructure projects, including sewer treatment plants, water facilities, roads, and electrification. With over two decades of experience, the company primarily operates in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. VVIP Infratech has executed a variety of projects such as sewerage systems, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution, and substations up to 33 kVA, as well as initiatives under the Jal Jeevan Mission. As of September 30, 2023, the company employs a total of 466 people.
VVIP Infratech Limited Financial Information
VVIP Infratech Limited’s revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,319.67 | 24,158.58 | 26,624.58 |
| Revenue | 28,588.31 | 21,056.28 | 18,526.04 |
| Profit After Tax | 2,071.23 | 1,357.66 | 452.96 |
| Net Worth | 11,061.17 | 8,639.66 | 6,803.50 |
| Reserves and Surplus | 9,222.40 | 8,579.13 | 6,742.97 |
| Total Borrowing | 4,431.98 | 3,598.39 | 6,679.88 |
VVIP Infratech IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
VVIP Infratech IPO Timeline
VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024.
| IPO Open Date | Tuesday, July 23, 2024 |
| IPO Close Date | Thursday, July 25, 2024 |
| Basis of Allotment | Friday, July 26, 2024 |
| Initiation of Refunds | Monday, July 29, 2024 |
| A credit of Shares to Demat | Monday, July 29, 2024 |
| Listing Date | Tuesday, July 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2024 |
Conclusion
The VVIP Infratech IPO presents an intriguing investment opportunity with its strong focus on infrastructure projects and impressive financial growth. With a price band set at Rs 91 to Rs 93 per share and a total issue size of Rs 61.21 crores, the IPO aims to support the company’s capital expenditure, working capital, and general corporate purposes. Scheduled to list on the BSE SME on July 30, 2024, this IPO offers investors a chance to be part of a company with a robust track record in civil and electrical contracting across Northern India.
