VL Infraprojects IPO: Important Details to Know Before Applying

• VL Infraprojects IPO is a book-built issue of Rs 18.52 crores.
• This upcoming IPO bidding opens on July 23 and closes on July 25, 2024.
• VL Infraprojects SME IPO price band is set at Rs 39 - Rs 42 per share.
• The Minimum investment required Rs 1,26,000.

VL Infraprojects IPO: Synopsis

VL Infraprojects IPO is open for subscription starting Tuesday, July 23, 2024, and closing on Thursday, July 25, 2024. This upcoming IPO's price is set as Rs 39 to Rs 42 per share. The minimum lot size set for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 6000 shares. 

The minimum investment required for retail category investors is Rs 1,26,000 ( 42 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,000 (42 x 6000 shares).

VL Infraprojects IPO is a book-built issue of Rs 18.52 crores. This upcoming IPO is an entirely fresh issue of 44.1 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, July 26, 2024. VL Infraprojects IPO will be listed on NSE SME on Tuesday, July 30, 2024. 

Beeline Capital Advisors Private Limited is the book-running lead manager, and Skyline Financial Services Private Limited is the registrar.

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VL Infraprojects IPO: About the Company

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

VL Infraprojects 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 for distribution of water supply from river to household.

VL Infraprojects 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.

VL Infraprojects IPO: Objectives

The funds received through this IPO offer will be used to meet the day-to-day capital requirements for the smooth functioning of the company. Additionally, the general corporate purposes will also be fulfilled.

VL Infraprojects IPO: Other Important Details 

Time-Table of VL Infraprojects IPO

VL Infraprojects IPO: Financial Metrics (Amt in Rs Lakhs)

VL Infraprojects posted revenue of Rs 5,127.32 lakhs and net profit of Rs 313.18 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 28.21% and PAT increased by 101.36% between the financial year ending with 31 Mar 2023 and 31 Mar 2022.

Minimum Investment: Lot Size Details 

Promoters of VL Infraprojects Limited and Their Holdings

The promoters of VL Infraprojects company are Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri. The promoters shareholdings before IPO is 90.91% but after the IPO the shareholdings details are not available.

VL Infraprojects: Strength of Company

1. VL Infraprojects offers the planning, construction, and commissioning of various government projects.

2. The company is a Class AA approved contractor by the Government of Gujarat,

3. VL Infraprojects revenue and net profit is slow on steady rising.

FAQs

1. What are the details of the VL Infraprojects IPO?

VL Infraprojects IPO is a book-built issue of Rs 18.52 crores. This upcoming IPO is an entirely fresh issue of Rs 44.1 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, July 26, 2024.

2. Who are the lead managers for the VL Infraprojects IPO?

Beeline Capital Advisors Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Skyline Financial Services in this IPO?

Skyline Financial Services Private Limited is the registrar for VL Infraprojects Limited, handling the IPO's administrative aspects.

4. How can I apply for the VL Infraprojects IPO?

The public subscription of this new IPO will open on July 23, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received through this IPO offer will be used to meet the day-to-day capital requirements for the smooth functioning of the company. Additionally, the general corporate purposes will also be fulfilled.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the VL Infraprojects Limited IPO by visiting here. For further updates follow Bigul. 

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