V.L.Infraprojects Limited

23 Jul 2024 - 25 Jul 2024 Individual Category SME NSE

Min Investment

₹252000

Price Band

₹39-₹42

Issue Size

31.62 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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23 Jul 2024

Open Date

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25 Jul 2024

Close Date

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26 Jul 2024

Allotment Date

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30 Jul 2024

Listing Date

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.

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About 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.

Founded

2014

Managing Director

Mr. Rajagopal Reddy Annam Reddy

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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