V.L.Infraprojects Limited IPO Detail
V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.
The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.
The company 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.
Company Promoters
Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri are the company's promoters.IPO Details
| IPO Opening Date | Jul 23, 2024 |
| IPO Closing Date | Jul 25, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹39 - 42 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹18.52 Cr |
| Fresh Issue | 4,410,000 shares (aggregating up to ₹18.52 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.88x | 0.00x | 0.00x | 41.65x | 106.07x | 62.22x |
| Day 2 | 9.31x | 0.00x | 0.00x | 140.48x | 292.84x | 179.22x |
| Day 3 | 203.73x | 0.00x | 0.00x | 726.56x | 844.22x | 636.17x |
IPO Tentative Timetable
The V.L.Infraprojects Limited IPO open date is Jul 23, 2024, and the close date is Jul 25, 2024. The issue may list on Jul 30, 2024.
| IPO Open Date | Jul 23, 2024 |
| IPO Close Date | Jul 25, 2024 |
| Basis of Allotment Date | Jul 26, 2024 |
| Initiation of Refunds | Jul 29, 2024 |
| Credit of Shares to Demat Account | Jul 29, 2024 |
| IPO Listing Date | Jul 30, 2024 |
IPO Lot Size
The V.L.Infraprojects Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹126000 |
| Maximum | 1 | 3000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 90.91% |
| Post Issue Share Holding | 65.39% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 5691.39 | 11400.05 | 614.01 |
| 31-Mar-23 | 2836.24 | 4565.14 | 222.66 |
| 31-Mar-22 | 1955.40 | 3560.70 | 110.58 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements; and
- General Corporate Purposes.
V.L.Infraprojects Limited IPO Registrar:
Skyline Financial Services Private Ltd
V.L.Infraprojects Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
V.L.Infraprojects Limited
Office at 716, Shivalik Satyamev, Near Vakil saheb Bridge Bopal
Ahmedabad
Ahmedabad
