Virtual Galaxy Infotech IPO open date is May 9, 2025, and the closing date is May 14, 2025. This new IPO is a book-built issue worth up to Rs 93.29 crores. This upcoming IPO is offering entirely fresh issues of up to 65,70,000 equity shares worth up to Rs 93.29 crore.
Virtual Galaxy Infotech IPO issue price band is Rs 135 – Rs 142 per share. As of now, the live GMP of the Virtual Galaxy Infotech IPO is at 0, indicating neutral sentiment and low interest among investors for this IPO.
Virtual Galaxy Infotech IPO lot size is 1000 shares, and the allotment status will be finalised on Thursday, May 15, 2025. The minimum investment for retail investors is Rs 1,42,000. The registrar for the Virtual Galaxy Infotech IPO is Maashitla Securities Private Limited. The listing date is Monday, May 19, 2025.
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Virtual Galaxy Infotech IPO GMP Live
Virtual Galaxy Infotech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be near at Rs 142 per share. You can check the latest IPO Grey Market Premium today online.
Virtual Galaxy Infotech IPO Price Band
Virtual Galaxy Infotech IPO price band is Rs 135 – Rs 142 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,42,000 (142 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,84,000 (142 x 2000 shares).
Virtual Galaxy Infotech Allotment Status
Virtual Galaxy Infotech IPO Allotment status is available on its registrar Maashitla Securities Private Limited website on Thursday, May 15, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.
Virtual Galaxy Infotech Listing Date
Virtual Galaxy Infotech IPO listing date is Monday, May 19, 2025. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.
Virtual Galaxy Infotech IPO: Listing Date, Lot Size, Issue Size, Price Band
IPO Date |
May 9, 2025 to May 14, 2025 |
Listing Date |
May 19, 2025 |
Face Value |
Rs 10 per share |
Issue Price Band |
Rs 135 to Rs 142 per share |
Lot Size |
1,000 Shares |
Total Issue Size |
65,70,000 shares |
Fresh Issue |
65,70,000 shares |
Issue Type |
Bookbuilding IPO |
Listing At |
NSE SME |
Share Holding Pre Issue |
1,82,98,635 shares |
Share Holding Post Issue |
2,48,68,635 shares |
Virtual Galaxy Infotech Limited: About the Company
Virtual Galaxy Infotech Limited (VGIL), established in 1997 in Nagpur, Maharashtra, is a technology solutions provider with over 27 years of expertise in the IT sector. VGIL specialises in delivering innovative software products and services across banking and finance, eGovernance, ERP, and data centre solutions.
The company has empowered more than 1,000 bank branches, manufacturing firms, and business houses with advanced technology for transaction automation, customer service, compliance, and decision support. VGIL's portfolio includes core banking solutions, digital payment systems, ERP software, cloud computing, and cybersecurity services, supporting digital transformation and operational efficiency for its clients.
With a team of over 300 professionals, VGIL is ISO 9001:2000 certified and maintains a strong focus on client satisfaction, continuous innovation, and scalable IT solutions. The company's commitment to quality and adaptability has driven its growth and established a global footprint, including successful international projects.
Virtual Galaxy Infotech IPO Objectives
Virtual Galaxy Infotech IPO objectives include utilising the funding received from the fresh issue for multiple strategic objectives, including capital expenditure to establish an additional development facility in Nagpur, Maharashtra; repayment or prepayment of certain borrowings; investment in GPU, server, and storage systems for the data centre; enhancement and maintenance of existing products through manpower hiring; business development and marketing activities; and general corporate purposes.
Virtual Galaxy Infotech IPO: Key Dates, Allotment, Listing Date
IPO Open Date |
Friday, May 9, 2025 |
IPO Close Date |
Wednesday, May 14, 2025 |
Allotment Status |
Thursday, May 15, 2025 |
Initiation of Refunds |
Friday, May 16, 2025 |
Credit of Shares to Demat |
Friday, May 16, 2025 |
Listing Date |
Monday, May 19, 2025 |
Cut-off time for UPI mandate confirmation |
5 PM on May 14, 2025 |
Virtual Galaxy Infotech IPO Promoter Holdings
Virtual Galaxy Infotech IPO promoters are Avinash Narayanrao Shende and Sachin Purushottam Pande. Their combined shareholding before the IPO was 87.95%; post-IPO, their shareholdings will be going to decline.
Virtual Galaxy Infotech Limited Financials (Amt in Rs Cr)
Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
Assets |
116.93 |
84.36 |
67.80 |
Revenue |
63.58 |
59.76 |
43.44 |
Profit After Tax |
16.54 |
0.72 |
0.40 |
Net Worth |
41.40 |
20.40 |
20.14 |
Reserves and Surplus |
30.40 |
9.40 |
9.14 |
Total Borrowing |
38.64 |
38.85 |
35.56 |
Lead Manager and Registrar of Virtual Galaxy Infotech IPO
Virtual Galaxy Infotech lead manager is Smart Horizon Capital Advisors Private Limited. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.
How to apply for the Virtual Galaxy Infotech IPO
Interested investors who want to apply for the Virtual Galaxy Infotech IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website by visiting here. You can also check the details of the upcoming IPO on the Bigul platform.
Virtual Galaxy Infotech IPO FAQs
1. What are the core details available of the Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO is a fixed price issue worth up to Rs 93.29 crores. The price band for this IPO is Rs 135 – Rs 142 per share. This upcoming IPO is offering entirely a fresh issue of 65,70,000 equity shares worth up to Rs 93.29 crore.
2. What is the Virtual Galaxy Infotech IPO open date and close date?
Virtual Galaxy Infotech IPO subscription opens on May 9, 2025, and closes on May 14, 2025.
3. What is Virtual Galaxy Infotech IPO GMP Live?
Virtual Galaxy Infotech IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same or near the allotment price, which is Rs 142 per share. You can check the latest IPO Grey Market Premium today online.
4. How do you check the IPO Allotment status?
Virtual Galaxy Infotech IPO Allotment status is available on its registrar, Maashitla Securities Private Limited website. Once the IPO subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.
5. Who are the registrar and lead managers of Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO lead manager is Smart Horizon Capital Advisors Private Limited. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.
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