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:

  1. Capital Expenditure
  2. Working Capital Requirement
  3. General Corporate Purpose
  4. 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
Websitehttp://www.vvipinfra.com/

VVIP Infratech IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Websitehttps://maashitla.com/allotment-status/public-issues