Virtual Galaxy Infotech IPO Details
| IPO Open Date: | May 9, 2025 |
| IPO Close Date: | May 14, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹135 to ₹142 Per Share |
| Issue Size: | Approx ₹93.29 Crores |
| Fresh Issue: | Approx ₹93.29 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Virtual Galaxy Infotech IPO Market Lot
The Virtual Galaxy Infotech IPO minimum market lot is 1000 shares with ₹1,42,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹1,42,000 |
| Retail Maximum | 1 | 1000 | ₹1,42,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,84,000 |
Virtual Galaxy Infotech IPO Dates
The Virtual Galaxy Infotech IPO date is May 9 and the close date is May 14. The Virtual Galaxy Infotech IPO allotment will be finalized on May 15 and the IPO listing on May 19.
| IPO Open Date: | May 9, 2025 |
| IPO Close Date: | May 14, 2025 |
| Basis of Allotment: | May 15, 2025 |
| Refunds: | May 16, 2025 |
| Credit to Demat Account: | May 16, 2025 |
| IPO Listing Date: | May 19, 2025 |
Promoters of Virtual Galaxy Infotech IPO
The promoters of the company are Avinash Narayanrao Shende and Sachin Purushottam Pande.
About Virtual Galaxy Infotech IPO
Virtual Galaxy Infotech Limited, founded in September 1997, is one of the growing IT services and consulting companies. The company is mostly involved in providing SaaS products and a wide range of services such as banking software, IT solutions, ERP implementation, and custom software development. BFSI, ERP, and E-Governance sectors are the clients they mainly serve with their services. They mainly focus on developing, customizing, installing, and implementing software applications.
However, that doesn’t stop here, once the software is up and starts running, they also make sure to offer maintenance services for smooth and uninterrupted performance. The company’s portfolio comprises a wide range of services such as consultation, architecture, solution design, implementation, monitoring, and managed services. Virtual Galaxy has established its presence by offering advanced technology solutions to over 5000 bank branches and businesses. The company includes over 300 devoted professionals as of now.
Virtual Galaxy Infotech IPO Company Financial Report (Restated Consolidated)
The company reported revenue of ₹63.58 crores in 2024 against ₹59.76 crore in 2023. The company reported profit of ₹16.54 crores in 2024 against Profit of ₹0.72 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹43.44 | ₹41.66 | ₹0.40 | ₹67.80 |
| 2023 | ₹59.76 | ₹56.54 | ₹0.72 | ₹84.36 |
| 2024 | ₹63.58 | ₹40.63 | ₹16.54 | ₹116.93 |
| December 2024 | ₹101.37 | ₹62.65 | ₹27.42 | ₹146.03 |
Virtual Galaxy Infotech IPO Valuation – FY2024
Check Virtual Galaxy Infotech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 53.52% |
| ROCE: | 31.68% |
| EBITDA Margin: | 49.38% |
| PAT Margin: | 26.04% |
| Debt to equity ratio: | 0.93 |
| Earning Per Share (EPS): | ₹10.02 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 39.95% |
| Net Asset Value (NAV): | ₹25.09 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Veefin Solutions Limited | 2.74 | 198.07 | 6.95 | 52.70 | – Cr. |
| Network People Services Technologies Limited | 13.78 | 201.57 | 62.04 | 29.67 | – Cr. |
| Trust Fintech Limited | 7.13 | 25.53 | 52.70 | 25.71 | – Cr. |
Objects of the Issue
- Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra
- Repayment/ prepayment of certain borrowings availed by the Company
- Investment in procuring GPU, server & storage system at Data Centre;
- Funding of expenditure related to enhancement, maintenance and upgrading existing products
- Funding for business development and marketing activities and
- General corporate purposes
Virtual Galaxy Infotech IPO Review
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Virtual Galaxy Infotech IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
Virtual Galaxy Infotech Limited
3, Central Excise Colony
Behind Mahatme Eye Bank, Chhatrapati Sq.,
Ring Road
Phone: +91 9226531342
Email: [email protected]
Website: http://www.vgipl.com/
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