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Vishnusurya Projects and Infra Limited IPO Detail

Vishnusurya Projects and Infra Limited IPO Detail

Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.

The company has three business verticals:

  1. Engineering, Procurement, and Construction (EPC): The company offers a diverse range of capabilities in property development and the realty industry such as Commercial and Mixed Development Construction, IT and Institutional Space, Retail (Malls), Offices, Industrial Parks, Residential Projects, Luxury Villas, Resorts, Factories and Warehouses, Stadiums, Exhibition and Convention Centres, Entertainment, Industrial Construction, and Brownfield Development.
  2. Mining of aggregates and production of manufactured sand: The Company owns and operates two quarries in Tamil Nadu, India. The first blue metal mining quarry and crushing facility is spread over 105 acres at Aruppukottai, Virudhunagar District, Tamil Nadu. This facility handles the entire rock breaking and rock auguring operations and the crushing machine here is capable of producing an output of 250 tonnes per hour and 100 tonnes of sand washing at a given point in time. The second aggregates and manufactured sand unit is located in Vandavasi, Tiruvannamalai District, Tamil Nadu. This facility is equipped with a crushing machine capable of handling 350 tonnes and 150 tonnes of sand washing at a given point in time. The facility is located 100 km from Chennai.
  3. Drones or unarmed aerial vehicles

The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.

Company Promoters

Bhavani Jayaprakash

IPO Details

IPO Opening DateSep 29, 2023
IPO Closing DateOct 04, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹68 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size₹50.00 Cr
Fresh Issue₹50.00 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 0.29x 1.39x 0.84x
Day 2 - - 1.26x 8.97x 5.12x
Day 3 - - 2.57x 19.24x 10.91x

IPO Tentative Timetable

The Vishnusurya Projects and Infra Limited IPO open date is Sep 29, 2023, and the close date is Oct 04, 2023. The issue may list on Oct 10, 2023.

IPO Open DateSep 29, 2023
IPO Close DateOct 04, 2023
Basis of Allotment DateOct 06, 2023
Initiation of RefundsOct 06, 2023
Credit of Shares to Demat AccountOct 09, 2023
IPO Listing DateOct 10, 2023

IPO Lot Size

The Vishnusurya Projects and Infra Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹136000).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹136000
Maximum12000₹136000

IPO Promoter Holding

Pre Issue Share Holding88.74%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 9594.72 6339.33 229.18
31-Mar-22 229.18 229.18 2158.97
31-Mar-23 2158.97 13326.06 1736.64

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding of working capital requirements of the Company.
  2. Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
  3. General Corporate Purposes.

Vishnusurya Projects and Infra Limited IPO Registrar:

Cameo Corporate Services Limited

Vishnusurya Projects and Infra Limited IPO Lead Manager(s):

Khandwala Securities Limited

Company Contact Information:

Vishnusurya Projects and Infra Limited

2 nd Floor, Qbas Temple Tower,

2 nd Floor, Qbas Temple Tower,

Chennai - 600 004