VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares.
VVIP Infratech IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the VVIP Infratech IPO is expected to be finalized on Friday, July 26, 2024. VVIP Infratech IPO will list on BSE SME with tentative listing date fixed as Tuesday, July 30, 2024.
VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.
Share India Capital Services Private Limited is the book running lead manager of the VVIP Infratech IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for VVIP Infratech IPO is Share India Securities.
Refer to VVIP Infratech IPO RHP for detailed information.
VVIP Infratech IPO Details
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹93 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Fresh Issue | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 18,387,700 |
| Share holding post issue | 24,969,700 |
| Market Maker portion | 338,400 shares Share India Securities |
VVIP Infratech 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 |
VVIP Infratech IPO Timeline (Tentative Schedule)
VVIP Infratech 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 |
VVIP Infratech IPO Lot Size
Investors can bid for a minimum of 1200 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 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
| Lot Size Calculator | |||
VVIP Infratech IPO Promoter Holding
Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi are the company’s promoters.
| Share Holding Pre Issue | 92.34% |
| Share Holding Post Issue |
About VVIP Infratech Limited
VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.
The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. 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 etc.
As of September 30, 2023, the company had a total of 466 employees.
VVIP Infratech Limited Financial Information (Restated Consolidated)
VVIP Infratech Limited’s revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 26,319.67 | 24,158.58 | 26,624.58 |
| Revenue | 28,588.31 | 21,056.28 | 18,526.04 |
| Profit After Tax | 2,071.23 | 1,357.66 | 452.96 |
| Net Worth | 11,061.17 | 8,639.66 | 6,803.50 |
| Reserves and Surplus | 9,222.40 | 8,579.13 | 6,742.97 |
| Total Borrowing | 4,431.98 | 3,598.39 | 6,679.88 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of VVIP Infratech IPO is Rs 232.22 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 21.36% |
| ROCE | 19.00% |
| Debt/Equity | 0.4 |
| RoNW | 18.73% |
| P/BV | 0.87 |
| PAT Margin (%) | 7.31 |
Check VVIP Infratech IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.26 | 8.29 |
| P/E (x) | 8.26 | 11.21 |
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 (VVIP Infratech IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
- Issue Expense
VVIP Infratech IPO Review (May apply)
[Dilip Davda] The company is engaged in infrastructure activities with major focus on STP related services. It posted growth in its top and bottom lines for the reported periods and has order book worth Rs. 477+ cr. as of March 31, 2024. Based on FY24 super earnings the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for medium term. Read detail review…
VVIP Infratech IPO Prospectus
VVIP Infratech Limited Contact Details
VVIP Infratech Limited
Fifth Floor, VVIP Style,
Nh-58 Raj Nagar Extension,
Ghaziabad – 201017
Phone: +91 9990060123
Email: cs@vvipinfra.com
Website: http://www.vvipinfra.com/
VVIP Infratech IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues