Virtual Galaxy Infotech Limited
Book Built Issue IPO · NSE
- Price band
- ₹135 - ₹142
- Lot size
- 1,000 shares
- Issue amount
- ₹93.29 cr
- Total subscription
- 215.08×
- Opens
- 9 May 2025
- Closes
- 14 May 2025
- Allotment
- 15 May 2025
- Listing
- 19 May 2025
Offer at a glance
Issue overview
- Issue size
- 65,70,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,35,000
- Fresh issue
- ₹93.29 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,42,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,82,98,635
- Shares after issue
- 2,48,68,635
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,42,000 |
| HNI | 2 | 2,000 | ₹2,84,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 131 |
| NIB | — | 28,809 |
| RETAIL | — | 2,94,867 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 17.66 | 2,291.41 |
| RETAIL | 31.24 | 4,187.11 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 15.17 | 9.88 | 1.09 |
| ROE | 43.24 | 53.52 | 3.54 |
| ROCE | 33.39 | 31.68 | 9.95 |
| RONW | 31.93 | 39.82 | 7.29 |
| PRE IPO(PE) | 0 | 15.71 | 0 |
| POST IPO(PE) | 21.35 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Virtual Galaxy Infotech Limited (VGIL), incorporated in 1997 and based in Nagpur, Maharashtra, is an IT services and consulting company offering technology products across Banking & Finance, ERP, e-Government, Cloud, Big Data, IoT and System Integration. Its flagship product “e-banker” is a core banking solution used by commercial banks, cooperative banks, NBFCs and SACCOs. The company serves more than 5,000 bank branches and also works with manufacturing, sugar, seeds, fertilizers, textiles and education industries. VGIL operates in over 15 states in India and also in Tanzania and Malawi. With 329 employees and multiple ISO certifications, the company focuses on automation, compliance and digital transformation.
Strengths
- Integrated BFSI Solutions: Provides end-to-end software products like “e-banker” specifically designed for BFSI clients.
- Diversified Sector Presence: Caters to multiple industries such as banking, manufacturing, agriculture, and education across domestic and global markets.
- Multiple Revenue Streams: Earns revenue from software products, consulting services, and system integration projects
Risk factors
- Client Concentration Risk: Heavy reliance on the “e-banker” product and a few major clients could impact revenue if any key customer is lost.
- Order Dependency: Business depends on contracts from banks, government, and private clients, creating risk if orders are not secured or renewed.
- Geographic Concentration: Major revenue comes from Maharashtra, exposing the company to regional regulatory or economic uncertainties.
Promoters
Avinash Narayanrao Shende
Sachin Purushottam Pande
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3, Central Excise Colony, Behind Mahatme Eye Bank,Chhatrapati Sq., Ring Road, Nagpur, Maharashtra,India, 440015
+91 9226531342
[email protected]Company website ↗Understanding VGINFOTECH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.