VVIP Infratech is scheduled to hit the market on July 23, 2024 and close on July 25, 2024. VVIP Infratech plans to raise around ₹61.21 Cr through an IPO with a sale of up to 6,582,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
VVIP Infratech Limited, originally known as Vibhor Builders Private Limited, was established in 2001 as an infrastructure company. With over two decades of experience, the company operates primarily in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern regions of India. They specialize in executing various infrastructure projects such as sewerage systems, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution, substations up to 33 kVA, and projects like Jal Jeewan Mission.
As of September 30, 2023, VVIP Infratech Limited employed a total of 466 individuals. The company is recognized as a Class ‘A' civil and electrical contractor due to its extensive expertise in the field of infrastructure development and construction.
VVIP Infratech IPO Details
VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024. The Listing date for VVIP Infratech IPO is on July 30, 2024. The price band for IPO is ₹91 to ₹93 per share and lot size of 1200 Shares.
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | July 30, 2024 |
| Price | ₹91 to ₹93 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹61.21 Cr |
| Face Value | ₹10 per share |
VVIP Infratech IPO Tentative Timetable
VVIP Infratech 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 |
VVIP Infratech IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹111,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹111,600 |
| Retail(Maximum) | 1 | 1200 | ₹111,600 |
| HNI (Minimum) | 2 | 2400 | ₹223,200 |
VVIP Infratech IPO Promoter Holding
| Pre Issue Share Holding | 92.34% |
| Post Issue Share Holding |
VVIP Infratech IPO Review
VVIP Infratech is launching an IPO with a market capitalization of Rs. 232.22 crore. The company's financial performance has shown impressive growth, with revenue increasing by 35.77% and profit after tax (PAT) rising by 52.56% between the financial years ending March 31, 2024, and March 31, 2023. For the fiscal year ending March 31, 2024, VVIP Infratech reported assets worth Rs. 26,319.67 lakh, revenue of Rs. 28,588.31 lakh, and a PAT of Rs. 2,071.23 lakh. The company's net worth as of March 31, 2024, stood at Rs. 11,061.17 lakh, with reserves and surplus amounting to Rs. 9,222.40 lakh. Total borrowing was recorded at Rs. 4,431.98 lakh.
Key performance indicators as of March 31, 2024, include a return on equity (ROE) of 21.36%, a return on capital employed (ROCE) of 19.00%, a debt-to-equity ratio of 0.4, a return on net worth (RoNW) of 18.73%, a price-to-book value (P/BV) ratio of 0.87, and a PAT margin of 7.31%. The pre-IPO and post-IPO earnings per share (EPS) are Rs. 11.26 and Rs. 8.29, respectively, with corresponding price-to-earnings (P/E) ratios of 8.26x and 11.21x. The IPO proceeds will be used for capital expenditure, working capital requirements, general corporate purposes, and issue expenses.
Overall, VVIP Infratech Limited has demonstrated strong financial growth and a solid track record in the infrastructure sector, making its IPO a potentially attractive investment opportunity for those seeking medium to long-term rewards.
VVIP Infratech IPO Subscription Status (Bidding Details)
Table not foundVVIP Infratech 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
VVIP Infratech IPO FAQs
What is VVIP Infratech IPO?
VVIP Infratech is issuing 6,582,000 equity shares with a face value of ₹10 each, totaling up to ₹61.21 Cr. The shares are being offered at a price of ₹91 to ₹93 each, with a minimum order quantity of 1200 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When VVIP Infratech IPO will open?
VVIP Infratech will open on July 23, 2024 for QIB, NII, and Retail Investors.
When VVIP Infratech IPO will end?
VVIP Infratech will end on July 25, 2024.
What is VVIP Infratech IPO Size?
VVIP Infratech IPO size is ₹61.21 Cr.
What is VVIP Infratech IPO Price Band?
VVIP Infratech price band is ₹91 to ₹93 per share.
What is the VVIP Infratech IPO Allotment Date?
VVIP Infratech allotment date is July 26, 2024.
What is the VVIP Infratech IPO Listing Date?
VVIP Infratech listing date is July 30, 2024. The IPO is to be listed on BSE and NSE.
How to VVIP Infratech IPO through Zerodha?
To apply for the IPO “VVIP Infratech” 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 VVIP Infratech IPO through Upstox?
To apply for the IPO “VVIP Infratech” 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 VVIP Infratech IPO Allotment Status?
For VVIP Infratech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is VVIP Infratech IPO GMP?
You can check out here: VVIP Infratech IPO GMP