Vishnusurya Projects and Infra is scheduled to hit the market on September 29, 2023 and close on October 5, 2023. Vishnusurya Projects and Infra plans to raise around ₹49.98 Cr through an IPO with a sale of up to 7,350,000 equity shares of ₹10 each. The retail quota is 50%, Others 50%.
Established in 1996, Vishnusurya Projects and Infra Limited is a versatile company engaged in the mining of rough stones and the production of aggregates and manufactured sand through advanced Crushing Plants and Sand Washing Plants. With a diverse set of capabilities, the company operates across three primary business verticals.
Vishnusurya Projects excels in Engineering, Procurement, and Construction (EPC), offering diverse services in property development, including Commercial and Mixed Development, IT Spaces, Retail, Residential Projects, and more. In mining, they operate two quarries in Tamil Nadu, with advanced machinery for aggregate and manufactured sand production. Accredited as a Class I contractor, they undertake projects across various departments and agencies.
Vishnusurya Projects and Infra IPO Details
Vishnusurya Projects and Infra IPO opens on Sept 29, 2023, and closes on Oct 4, 2023. The Listing date for Vishnusurya Projects and Infra IPO is on Oct 13, 2023. The price band for IPO is ₹68 per share and lot size of 2000 Shares.
| IPO Date | Sept 29, 2023 to Oct 05, 2023 |
| Listing Date | Oct 13, 2023 |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹49.98 Cr |
| Face Value | ₹10 per share |
Vishnusurya Projects and Infra IPO Tentative Timetable
Vishnusurya Projects and Infra opening date is September 29, 2023 and close date is October 4, 2023. The IPO allotment date is October 10, 2023. The refund initiation of IPO is on October 11, 2023. The credit of shares in demat account is on October 12, 2023. The listing date is on October 13, 2023.
| Event | Date |
|---|---|
| IPO Opening | Sept 29, 2023 |
| IPO Closing | Oct 05, 2023 |
| IPO Allotment Date | Oct 10, 2023 |
| Refund Initiation | Oct 11, 2023 |
| Shares Credit to Demat | Oct 12, 2023 |
| Lisiting Date | Oct 13, 2023 |
Vishnusurya Projects and Infra IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lot ( 2000 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹136,000 |
| Retail(Maximum) | 1 | 2000 | ₹136,000 |
| HNI (Minimum) | 2 | 4000 | ₹272,000 |
Vishnusurya Projects and Infra IPO Promoter Holding
| Pre Issue Share Holding | 88.74% |
| Post Issue Share Holding | 62.24% |
Vishnusurya Projects and Infra IPO Review
Vishnusurya Projects and Infra Limited's peer comparison provides insights into how it stacks up against similar listed companies in the industry. Here's a breakdown of the key metrics:
Earnings Per Share (EPS): Vishnusurya Projects and Infra Limited has an EPS of 23.62 (both basic and diluted) as of March 31, 2023. This metric indicates the company's earnings generated per share. It's significantly higher than its peers, suggesting strong profitability.
Net Asset Value (NAV) per Share: The NAV per share for Vishnusurya Projects and Infra Limited is not provided in the data. NAV per share represents the net worth of the company per outstanding share and is a measure of the company's intrinsic value.
Price-to-Earnings (P/E) Ratio: Vishnusurya Projects and Infra Limited has a P/E ratio of 61.95. This ratio reflects the market's valuation of the company's earnings. A higher P/E ratio indicates that investors are willing to pay more for each unit of earnings.
Return on Net Worth (RoNW): The company has an RoNW of 2.69%. RoNW measures how effectively the company generates profits relative to its net worth. A higher RoNW indicates better profitability relative to shareholders' equity.
Comparing these metrics to its peers, Vishnusurya Projects and Infra Limited appears to have a significantly higher EPS and P/E ratio, suggesting strong earnings and market valuation. However, the RoNW is relatively lower than some peers, indicating that it may be less efficient in generating profits relative to its net worth.
Vishnusurya Projects and Infra IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Vishnusurya Projects and Infra 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
Vishnusurya Projects and Infra IPO FAQs
What is Vishnusurya Projects and Infra IPO?
Vishnusurya Projects and Infra is issuing 7,350,000 equity shares with a face value of ₹10 each, totaling up to ₹49.98 Cr. The shares are being offered at a price of ₹68 each, with a minimum order quantity of 2000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Vishnusurya Projects and Infra IPO will open?
Vishnusurya Projects and Infra will open on September 29, 2023 for QIB, NII, and Retail Investors.
When Vishnusurya Projects and Infra IPO will end?
Vishnusurya Projects and Infra will end on October 5, 2023.
What is Vishnusurya Projects and Infra IPO Size?
Vishnusurya Projects and Infra IPO size is 49.98 Cr.
What is Vishnusurya Projects and Infra IPO Price Band?
Vishnusurya Projects and Infra price band is ₹68 per share.
What is the Vishnusurya Projects and Infra IPO Allotment Date?
Vishnusurya Projects and Infra allotment date is 10 October 2023.
What is the Vishnusurya Projects and Infra IPO Listing Date?
Vishnusurya Projects and Infra listing date is 13 October 2023. The IPO is to be listed on BSE and NSE.
How to Apply Vishnusurya Projects and Infra IPO through Zerodha?
To apply for the IPO “Vishnusurya Projects and Infra” 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 Vishnusurya Projects and Infra IPO through Upstox?
To apply for the IPO “Vishnusurya Projects and Infra” 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 Vishnusurya Projects and Infra IPO Allotment Status?
For Vishnusurya Projects and Infra IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Vishnusurya Projects and Infra IPO GMP?
You can check out here: Vishnusurya Projects and Infra IPO GMP
Vishnusurya Projects and Infra IPO has impressive credentials. It seems like a reasonable investment opportunity given the company’s diverse business verticals and promising future. However, it is always recommended to thoroughly analyze the company’s financials before investing.