Virtual Galaxy Infotech IPO subscription started on Friday, May 9, 2025, and will close on May 14, 2025, as per the schedule. The price band is set at ₹135 to ₹142 per share with a face value of ₹10 each.
Virtual Galaxy Infotech IPO Subscription Status
Virtual Galaxy Infotech IPO subscribed over 0.69x on its first day till 05.00 PM on 9th May 2025.
- Virtual Galaxy Infotech IPO subscription QIB investors portion is 1.67x times, while NII subscribed 0.39x times, and RII investors subscribed 0.26x times.
- The company has received bids for 30,21,000 shares against 43,94,000 shares on offer on the first day.
- Virtual Galaxy Infotech IPO subscribed over 0.69x on day 1.
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
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.
Virtual Galaxy Infotech IPO GMP:
Virtual Galaxy Infotech IPO GMP was ₹20 as of Friday, 9th May 2025. That indicates the IPO is trading at ₹162 with a ₹20 premium in the grey market against the issue price of ₹142.
