The Virtual Galaxy Infotech IPO was subscribed 231.45 times overall on the last day, a retail quota was subscribed over 134.03 times, NII was subscribed over 590.27 times, and QIB was subscribed over 129.72 times.
Virtual Galaxy Infotech IPO details
The Virtual Galaxy Infotech IPO received approval from SEBI for an IPO of ₹93.29 crores via IPO which includes fully fresh issues of ₹93.29 crores with a face value of ₹10 each.
Further, it had a set price band between ₹135 to ₹142 per share.
In the Virtual Galaxy Infotech IPO, 1000 shares were in a 1 lot size for the retail minimum and maximum categories.
Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Virtual Galaxy Infotech IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,42,000.
- SHNI (S-HNI): Minimum investment of ₹2,84,000.
Virtual Galaxy Infotech IPO’s Subscription Duration
Virtual Galaxy Infotech’s IPO subscription started on May 9, 2025, and closed on May 14, 2025. The Virtual Galaxy Infotech IPO allotment date was May 15, 2025, and they received a refund on May 16, 2025. Virtual Galaxy Infotech’s IPO listing is on May 19, 2025.
Virtual Galaxy Infotech IPO’s Funds Deployment
- Funds will be utilized for setting up an additional development facility in Nagpur, Maharashtra, and for the repayment or prepayment of certain existing borrowings.
- A portion will be invested in procuring GPUs, servers, and storage systems to upgrade the company’s data center infrastructure.
- Additionally, the expenditure will support the enhancement, maintenance, and upgrading of existing products, as well as business development and marketing initiatives. The remaining funds will be allocated towards general corporate purposes.
About Virtual Galaxy Infotech IPO Company
Virtual Galaxy Infotech is one of the best in terms of IT services and consulting companies. Their primary activities involve designing, tailoring, installing, and deploying software applications.
However, their work doesn’t end there. Once the software is operational, they also provide ongoing maintenance to ensure smooth and continuous performance. Their service portfolio includes a broad spectrum of offerings, including consulting, 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
The company reported revenue of ₹63.58 crores in 2024 against ₹59.76 crores in 2023. The company reported a profit of ₹16.54 crores in 2024 against a Profit of ₹0.72 crores in 2023.
