V.L.Infraprojects Limited IPO of Rs 18.52 crores (V.L.Infraprojects IPO) Detail

The issue is entirely a fresh issue of 44.1 lakh shares.V.L.Infraprojects IPO is a book built issue of Rs 18.52 crores.

V.L.Infraprojects IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the V.L.Infraprojects IPO is expected to be finalized on Friday, July 26, 2024. V.L.Infraprojects IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 30, 2024.

 

V.L.Infraprojects IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.

Beeline Capital Advisors Pvt Ltd is the book running lead manager of the V.L.Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.

VL Infraprojects IPO GMP, Grey Market Premium 2024 | IPO Watch

About V.L.Infraprojects Limited

V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.

The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.

The company is a Class AA approved contractor by the Government of Gujarat, holds a civil/ electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh.

As of September 30, 2023, the company had a total of 25 Employees.

Refer to V.L.Infraprojects IPO DRHP for detailed information.

V.L.Infraprojects IPO Details

IPO DateJuly 23, 2024 to July 25, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹39 to ₹42 per share
Lot Size3000 Shares
Total Issue Size4,410,000 shares (aggregating up to ₹18.52 Cr)
Fresh Issue4,410,000 shares(aggregating up to ₹18.52 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue11,302,500
Share holding post issue15,712,500
Market Maker portion240,000 shares

V.L.Infraprojects IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

V.L.Infraprojects IPO Timeline (Tentative Schedule)

V.L.Infraprojects IPO opens on July 23, 2024, and closes on July 25, 2024.

IPO Open DateTuesday, July 23, 2024
IPO Close DateThursday, July 25, 2024
Basis of AllotmentFriday, July 26, 2024
Initiation of RefundsMonday, July 29, 2024
Credit of Shares to DematMonday, July 29, 2024
Listing DateTuesday, July 30, 2024
Cut-off time for UPI mandate confirmation5 PM on July 25, 2024

V.L.Infraprojects IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)13000₹126,000
Retail (Max)13000₹126,000
HNI (Min)26,000₹252,000

V.L.Infraprojects IPO Promoter Holding

Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri are the company's promoters.

Share Holding Pre Issue90.91%
Share Holding Post Issue

V.L.Infraprojects Limited Financial Information (Restated)

V.L.Infraprojects Limited's revenue increased by 28.21% and profit after tax (PAT) rose by 101.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,978.982,836.241,955.401,641.29
Revenue5,127.324,565.143,560.703,077.57
Profit After Tax313.18222.66110.5883.37
Net Worth1,335.181,022.00730.84620.26
Reserves and Surplus581.68268.50456.84346.26
Total Borrowing1,384.60999.021,003.52659.41

Objects of the Issue (V.L.Infraprojects IPO Objectives)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements; and
  2. General Corporate Purposes.

V.L.Infraprojects Limited Contact Details

V.L.Infraprojects Limited
Office at 716, Shivalik Satyamev,
Near Vakil saheb Bridge Bopal,
Ahmedabad- 380058
Phone: +91 9998850177
Email: cs@vlil.in
Websitehttp://www.vlil.in/

 

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