Issue Price
₹ 39-₹ 42
per equity share
Issue Size
31.62 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
3000
equity share
Please note
Listing at NSE
V.L.Infraprojects Limited
Important Dates
IPO Open Date
23 Jul 2024
IPO Close Date
25 Jul 2024
Allotment Date
26 Jul 2024
Initiation of Refunds
29 Jul 2024
Credit of Shares to Demat Account
29 Jul 2024
IPO Listing Date
30 Jul 2024
UPI Mandate Expiry Date
25 Jul 2024
IPO Details
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 Rs 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.
Seize the deal, apply for IPO today!
Apply for IPOAbout V.L.Infraprojects Limited
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.
Parent Organisation
-
Founded
2014
Managing Director
Mr. Rajagopal Reddy Annam Reddy
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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