VVIP Infratech IPO: Important Details to Know Before Applying

• VVIP Infratech IPO is a book-built issue of Rs 61.21 crores.
• This upcoming IPO bidding opens on July 23 and closes on July 25, 2024.
• VVIP Infratech SME IPO price band is set at Rs 91 - Rs 93 per share.
• The Minimum investment required Rs 1,11,600.

VVIP Infratech IPO: Synopsis

VVIP Infratech 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 91 to Rs 93 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. 

The minimum investment required for retail category investors is Rs 1,11,000 ( 93 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,23,200 (93 x 2400 shares).

VVIP Infratech IPO is a book-built issue of Rs 61.21 crores. This upcoming IPO is an entirely fresh issue of Rs 65.82 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, July 26, 2024. VVIP Infratech IPO will be listed on BSE SME on Tuesday, July 30, 2024. 

Share India Capital Services Private Limited is the book-running lead manager, and Maashitla Securities Private Limited is the registrar.

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VVIP Infratech IPO: About Company

VVIP Infratech Limited was founded in 2001, engaged in the business of infrastructure and construction. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission. 

They mainly work on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. VVIP has successfully delivered many infrastructure projects gaining a robust reputation for its execution process. The company is committed to continuous growth and aims for the pinnacle of engineering excellence efficiency and economy. 

VVIP Infratech IPO: Objectives 

The funds will be used to fund the company's capital expenditures, meet the day-to-day capital needs, fulfil general corporate purposes, and meet issue expenses. 

VVIP Infratech IPO: Other Important Details

Time-Table of VVIP Infratech IPO

VVIP Infratech IPO: Financial Metrics (Amt in Rs Lakhs)

VVIP Infratech posted revenue of Rs 12,196.82 lakhs and net profit of Rs 1,226.77 lakhs for the period ending on 30 Sep 2023. The company’s revenue increased by 13.66% and PAT increased by 199.73% between the financial year ending with 31 Mar 2023 and 31 Mar 2022.

Minimum Investment: Lot Size Details 

Promoters of VVIP Infratech Limited and Their Holdings

The promoters of VVIP Infratech company are Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi. The promoters shareholdings before IPO is 92.34% but after the IPO the shareholdings details are not available.

VVIP Infratech: Strength of Company

1. VVIP Infratech is Class 'A' civil and electrical contractor with more than two decades of experience.

2. The company majorly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India.

3. VVIP Infratech showed a sharp jump in its net profit. 

FAQs

1. What are the details of the VVIP Infratech IPO?

VVIP Infratech IPO is a book-built issue of Rs 61.21 crores. This upcoming IPO is an entirely fresh issue of Rs 65.82 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 VVIP Infratech IPO?

Share India Capital Services Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Maashitla Securities in this IPO?

Maashitla Securities Private Limited is the registrar for VVIP Infratech Limited, handling the IPO's administrative aspects.

4. How can I apply for the VVIP Infratech 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 will be used to fund the company's capital expenditures, meet the day-to-day capital needs, fulfil general corporate purposes, and meet issue expenses. 

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

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

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