VVIP Infratech Limited IPO Detail
VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.
The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.
As of September 30, 2023, the company had a total of 466 employees.
Company Promoters
Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi 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 | ₹91 - 93 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹61.21 Cr |
| Fresh Issue | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 5.06x | 10.25x | 6.21x |
| Day 2 | 4.52x | 0.00x | 0.00x | 27.98x | 38.22x | 26.40x |
| Day 3 | 168.45x | 0.00x | 0.00x | 456.82x | 181.73x | 236.92x |
IPO Tentative Timetable
The VVIP Infratech 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 VVIP Infratech Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹111600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹111600 |
| Maximum | 1 | 1200 | ₹111600 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.34% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 26319.67 | 28588.31 | 2071.23 |
| 31-Mar-23 | 24158.58 | 21056.28 | 1357.66 |
| 31-Mar-22 | 26624.58 | 18526.04 | 452.96 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
- Issue Expense
VVIP Infratech Limited IPO Registrar:
Maashitla Securities Private Limited
VVIP Infratech Limited IPO Lead Manager(s):
Share India Capital Services Private Limited
Company Contact Information:
VVIP Infratech Limited
Fifth Floor, VVIP Style, Nh-58 Raj Nagar Extension
Ghaziabad
Ghaziabad
