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:
- 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.
- 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.
- 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 JayaprakashIPO Details
IPO Opening Date | Sep 29, 2023 |
IPO Closing Date | Oct 04, 2023 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹68 per equity share |
Market Lot | 2000 Shares |
Min Order Quantity | 2000 Shares |
Listing At | NSE 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 Date | Sep 29, 2023 |
IPO Close Date | Oct 04, 2023 |
Basis of Allotment Date | Oct 06, 2023 |
Initiation of Refunds | Oct 06, 2023 |
Credit of Shares to Demat Account | Oct 09, 2023 |
IPO Listing Date | Oct 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 2000 | ₹136000 |
Maximum | 1 | 2000 | ₹136000 |
IPO Promoter Holding
Pre Issue Share Holding | 88.74% |
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:
- Funding of working capital requirements of the Company.
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
- 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