VVIP Infratech IPO

NiftyTrader • July 19, 2024

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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.