Vishnusurya Projects and Infra IPO is a fixed price issue of Rs 49.98 crores. The issue is entirely a fresh issue of 73.5 lakh shares.
Vishnusurya Projects and Infra IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for the Vishnusurya Projects and Infra IPO is expected to be finalized on Monday, October 9, 2023. Vishnusurya Projects and Infra IPO will list on NSE SME with tentative listing date fixed as Thursday, October 12, 2023.
Vishnusurya Projects and Infra IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
Khandwala Securities Limited is the book running lead manager of the Vishnusurya Projects and Infra IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Vishnusurya Projects and Infra IPO is Nikunj Stock Brokers.
Refer to Vishnusurya Projects and Infra IPO RHP for detailed information.
Vishnusurya Projects and Infra IPO Details
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,350,000 shares (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 7,350,000 shares (aggregating up to ₹49.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,259,671 |
| Share holding post issue | 24,609,671 |
| Market Maker portion | 370,000 shares Nikunj Stock Brokers |
Vishnusurya Projects and Infra IPO Reservation
Vishnusurya Projects and Infra IPO a total of 7,350,000 shares are offered. NII: 3,490,000 (47.48%), RII: 3,490,000 (47.48%).
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 370,000 (5.03%) |
| Other Shares Offered | 3,490,000 (47.48%) |
| Retail Shares Offered | 3,490,000 (47.48%) |
| Total Shares Offered | 7,350,000 (100%) |
Vishnusurya Projects and Infra IPO Timeline (Tentative Schedule)
Vishnusurya Projects and Infra IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Tuesday, October 10, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2023 |
Vishnusurya Projects and Infra IPO Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
| Lot Size Calculator |
Vishnusurya Projects and Infra IPO Promoter Holding
Bhavani Jayaprakash is the company’s promoter.
| Share Holding Pre Issue | 88.74% |
| Share Holding Post Issue | 62.24% |
About Vishnusurya Projects and Infra Limited
Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
The company has three business verticals:
- Engineering, Procurement, and Construction (EPC): The company offers a diverse range of capabilities in property development and the realty industry such as Commercial and Mixed Development Construction, IT and Institutional Space, Retail (Malls), Offices, Industrial Parks, Residential Projects, Luxury Villas, Resorts, Factories and Warehouses, Stadiums, Exhibition and Convention Centres, Entertainment, Industrial Construction, and Brownfield Development.
- Mining of aggregates and production of manufactured sand: The Company owns and operates two quarries in Tamil Nadu, India. The first blue metal mining quarry and crushing facility is spread over 105 acres at Aruppukottai, Virudhunagar District, Tamil Nadu. This facility handles the entire rock breaking and rock auguring operations and the crushing machine here is capable of producing an output of 250 tonnes per hour and 100 tonnes of sand washing at a given point in time. The second aggregates and manufactured sand unit is located in Vandavasi, Tiruvannamalai District, Tamil Nadu. This facility is equipped with a crushing machine capable of handling 350 tonnes and 150 tonnes of sand washing at a given point in time. The facility is located 100 km from Chennai.
- Drones or unarmed aerial vehicles
The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,594.72 | 11,849.39 | 12,105.28 |
| Revenue | 6,339.33 | 9,603.62 | 13,326.06 |
| Profit After Tax | 229.18 | 2,158.97 | 1,736.64 |
| Net Worth | 3,573.72 | 4,155.88 | 5,952.39 |
| Reserves and Surplus | 3,078.32 | 3,660.48 | 5,043.99 |
| Total Borrowing | 1,472.32 | 3,489.49 | 3,625.24 |
Amount in ₹ Lakhs
Key Performance Indicator
Vishnusurya Projects and Infra IPO Market Cap is Rs 167.35 Cr and P/E (x) is 2.69.
| KPI | Values |
|---|---|
| P/E (x) | 2.69 |
| Post P/E (x) | 9.63 |
| Market Cap (₹ Cr.) | 167.35 |
| ROE | 27.86% |
| ROCE | 31.22% |
| Debt/Equity | 1.03 |
| EPS (Rs) | 25.3 |
| RoNW | 27.86% |
Check Vishnusurya Projects and Infra IPO Peer Comparison here.
Objects of the Issue (Vishnusurya Projects and Infra IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding of working capital requirements of the Company.
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Vishnusurya Projects and Infra IPO Review (Apply)
[Dilip Davda] The company is in the infrastructure construction and related service segment. It has posted growth in its top and bottom lines for the reported periods. It has orders on hand worth Rs. 161+ cr. as of August 31, 2023. Based on FY23 earnings, the issue appears reasonably priced. Investors may park funds for medium to long-term rewards. Read detail review…
Vishnusurya Projects and Infra IPO Subscription Status (Bidding Detail)
The Vishnusurya Projects and Infra IPO is subscribed 44.11 times on Oct 5, 2023 7:29:00 PM. The public issue subscribed 43.63 times in the retail category, times in the QIB category, and 36.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 36.32 |
| Retail | 43.63 |
| Total | 44.11 |
Total Application : 76,130 (43.63 times)
Vishnusurya Projects and Infra IPO Contact Details
Vishnusurya Projects and Infra Limited
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street, Mylapore,
Chennai – 600 004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Vishnusurya Projects and Infra IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/