V.L.Infraprojects is scheduled to hit the market on July 23, 2024 and close on July 25, 2024. V.L.Infraprojects plans to raise around ₹18.52 Cr through an IPO with a sale of up to 4,410,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
V.L.Infraprojects Limited, established in 2014, specializes in the planning, construction, and commissioning of government projects, particularly in the water infrastructure and irrigation sectors. Their services encompass a wide range of activities such as procuring pipes, laying them, connecting them, and commissioning them. This also involves civil engineering works like constructing pumping stations and installing electro-mechanical equipment for water distribution from rivers to households. Additionally, the company offers operation and maintenance services for water pipelines.
The company boasts impressive credentials including being a Class AA approved contractor in Gujarat, holding civil/electrical contractor licenses from the Karnataka State Public Works Department, registration with the Government of Telangana in a special class, and approval as a contractor by the Government of Madhya Pradesh. As of March 31, 2024, V.L.Infraprojects Limited had a workforce of 30 employees dedicated to delivering quality projects in the field of water supply and wastewater infrastructure.
V.L.Infraprojects IPO Details
V.L.Infraprojects IPO opens on July 23, 2024, and closes on July 25, 2024. The Listing date for V.L.Infraprojects IPO is on July 30, 2024. The price band for IPO is ₹39 to ₹42 per share and lot size of 3000 Shares.
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | July 30, 2024 |
| Price | ₹39 to ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹18.52 Cr |
| Face Value | ₹10 per share |
V.L.Infraprojects IPO Tentative Timetable
V.L.Infraprojects opening date is July 23, 2024 and close date is July 25, 2024. The IPO allotment date is July 26, 2024. The refund initiation of IPO is on July 29, 2024. The credit of shares in demat account is on July 29, 2024. The listing date is on July 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 23, 2024 |
| IPO Closing | July 25, 2024 |
| IPO Allotment Date | July 26 2024 |
| Refund Initiation | July 29, 2024 |
| Shares Credit to Demat | July 29, 2024 |
| Lisiting Date | July 30, 2024 |
V.L.Infraprojects IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹126,000 |
| Retail(Maximum) | 1 | 3000 | ₹126,000 |
| HNI (Minimum) | 2 | 6000 | ₹252,000 |
V.L.Infraprojects IPO Promoter Holding
| Pre Issue Share Holding | 90.91% |
| Post Issue Share Holding | 65.39% |
V.L.Infraprojects IPO Review
VL Infraprojects Ltd. (VLIL) primarily focuses on water supply-related works and is now expanding into irrigation, building construction, and road construction activities to diversify its income streams. The company has achieved significant growth in its top and bottom lines due to increased infrastructure activities in these related segments. As of March 31, 2024, VLIL had pending orders worth Rs. 160 crore. Based on the FY24 earnings, the issue seems attractively priced, offering investors a potential opportunity for medium to long-term rewards.
VLIL is a Government Approved Contractor in “AA” Class with the Government of Gujarat and holds various contractor licenses in states like Karnataka, Telangana, and Madhya Pradesh. The company specializes in the design, construction, and commissioning of government projects, especially in the water infrastructure and irrigation segments. Its services include the procurement and installation of water supply and sewerage pipelines, along with operations and maintenance services. Over the years, VLIL has expanded its services to include road construction, irrigation, and environmental projects, operating in states such as Madhya Pradesh, Telangana, Maharashtra, and Gujarat. The company is certified with ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management systems.
The company's IPO aims to raise Rs. 18.52 crore through the issuance of 4410000 equity shares at a price range of Rs. 39 to Rs. 42 per share. The IPO opens on July 23, 2024, and closes on July 25, 2024, with a minimum application of 3000 shares. Post-allotment, the shares will be listed on NSE SME Emerge. The proceeds from the IPO will be used to enhance working capital and for general corporate purposes. Financially, VLIL has shown strong performance, with a total income/net profit of Rs. 30.78 crore/Rs. 0.83 crore in FY21, Rs. 35.61 crore/Rs. 1.11 crore in FY22, Rs. 45.65 crore/Rs. 2.23 crore in FY23, and Rs. 114.00 crore/Rs. 6.14 crore in FY24. The company's average EPS for the last three fiscals is Rs. 2.86, with an average RoNW of 28.55%. The issue is priced at a P/E of 10.74 based on FY24 earnings, which suggests the IPO is lucratively priced. Given the company's robust performance and promising future prospects, investing in VLIL could yield substantial medium to long-term rewards.
V.L.Infraprojects IPO Subscription Status (Bidding Details)
Table not foundV.L.Infraprojects IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
V.L.Infraprojects IPO FAQs
What is V.L.Infraprojects IPO?
V.L.Infraprojects is issuing 4,410,000 equity shares with a face value of ₹10 each, totaling up to ₹18.52 Cr. The shares are being offered at a price of ₹39 to ₹42 each, with a minimum order quantity of 3000 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When V.L.Infraprojects IPO will open?
V.L.Infraprojects will open on July 23, 2024 for QIB, NII, and Retail Investors.
When V.L.Infraprojects IPO will end?
V.L.Infraprojects will end on July 25, 2024.
What is V.L.Infraprojects IPO Size?
V.L.Infraprojects IPO size is ₹18.52 Cr.
What is V.L.Infraprojects IPO Price Band?
V.L.Infraprojects price band is ₹39 to ₹42 per share.
What is the V.L.Infraprojects IPO Allotment Date?
V.L.Infraprojects allotment date is July 26, 2024.
What is the V.L.Infraprojects IPO Listing Date?
V.L.Infraprojects listing date is July 30, 2024. The IPO is to be listed on BSE and NSE.
How to V.L.Infraprojects IPO through Zerodha?
To apply for the IPO “V.L.Infraprojects” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply V.L.Infraprojects IPO through Upstox?
To apply for the IPO “V.L.Infraprojects” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check V.L.Infraprojects IPO Allotment Status?
For V.L.Infraprojects IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is V.L.Infraprojects IPO GMP?
You can check out here: V.L.Infraprojects IPO GMP