V.L.Infraprojects IPO is a book built issue of Rs 18.52 crores. The issue is entirely a fresh issue of 44.1 lakh shares.
V.L.Infraprojects IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the V.L.Infraprojects IPO is expected to be finalized on Friday, July 26, 2024. V.L.Infraprojects IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 30, 2024.
V.L.Infraprojects IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the V.L.Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for V.L.Infraprojects IPO is Spread X Securities.
Refer to V.L.Infraprojects IPO RHP for detailed information.
V.L.Infraprojects IPO Details
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹39 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,410,000 shares (aggregating up to ₹18.52 Cr) |
| Fresh Issue | 4,410,000 shares (aggregating up to ₹18.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,302,500 |
| Share holding post issue | 15,712,500 |
| Market Maker portion | 240,000 shares Spread X Securities |
V.L.Infraprojects IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
V.L.Infraprojects IPO Anchor Investors Details
V.L.Infraprojects IPO raises Rs 5.24 crore from anchor investors. V.L.Infraprojects IPO Anchor bid date is July 22, 2024.
| Bid Date | July 22, 2024 |
| Shares Offered | 1,248,000 |
| Anchor Portion Size (In Cr.) | 5.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 24, 2024 |
V.L.Infraprojects IPO Timeline (Tentative Schedule)
V.L.Infraprojects IPO opens on July 23, 2024, and closes on July 25, 2024.
| IPO Open Date | Tuesday, July 23, 2024 |
| IPO Close Date | Thursday, July 25, 2024 |
| Basis of Allotment | Friday, July 26, 2024 |
| Initiation of Refunds | Monday, July 29, 2024 |
| Credit of Shares to Demat | Monday, July 29, 2024 |
| Listing Date | Tuesday, July 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2024 |
V.L.Infraprojects IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
V.L.Infraprojects IPO Promoter Holding
Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri are the company’s promoters.
| Share Holding Pre Issue | 90.91% |
| Share Holding Post Issue | 65.39% |
About V.L.Infraprojects Limited
V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.
The company is 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 (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.
The company 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.
As of March 31, 2024, the company had a total of 30 employees.
V.L.Infraprojects Limited Financial Information (Restated)
V.L.Infraprojects Limited’s revenue increased by 149.72% and profit after tax (PAT) rose by 175.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,691.39 | 2,836.24 | 1,955.40 | 1,641.29 |
| Revenue | 11,400.05 | 4,565.14 | 3,560.70 | 3,077.57 |
| Profit After Tax | 614.01 | 222.66 | 110.58 | 83.37 |
| Net Worth | 1,636.01 | 1,022.00 | 730.84 | 620.26 |
| Reserves and Surplus | 505.76 | 268.50 | 456.84 | 346.26 |
| Total Borrowing | 1,654.81 | 999.02 | 1,003.52 | 659.41 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of V.L.Infraprojects IPO is Rs 65.99 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 46.20% |
| ROCE | 39.09% |
| RoNW | 37.53% |
| P/BV | 2.9 |
| PAT Margin (%) | 5.39 |
Check V.L.Infraprojects IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.43 | 3.91 |
| P/E (x) | 7.73 | 10.75 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (V.L.Infraprojects IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements; and
- General Corporate Purposes.
V.L.Infraprojects IPO Review (Apply)
[Dilip Davda] The company is engaged in water pipeline and sewerage related activities and adding irrigation, building and road construction activities. It marked sharp improvement in its FY24 performance based on higher spending by the state governments. It has pending orders worth Rs. 160 cr. as of March 31, 2024. Based on FY24 earnings, the issue appears lucratively priced. Investors may park funds for the medium to long term rewards. Read detail review…
V.L.Infraprojects IPO Prospectus
V.L.Infraprojects Limited Contact Details
V.L.Infraprojects Limited
Office at 716, Shivalik Satyamev,
Near Vakil saheb Bridge Bopal,
Ahmedabad- 380058
Phone: +91 9998850177
Email: cs@vlil.in
Website: http://www.vlil.in/
V.L.Infraprojects IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php