Virtual Galaxy Infotech Limited
Virtual Galaxy Infotech Limited
SME NSE SME 100% Book Built Offer
Closed

Price Band

₹135 - ₹142

Total Issue

₹93 Cr

Bid Dates

09 May - 14 May

Subscription

231.45x

Listing Price

₹180 (26.76%)

Website RHP Check Allotment

Valuation

Market Cap

₹353.13 Cr

P/E Ratio

14.37x

P/B Ratio

5.72x

Virtual Galaxy Infotech IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Conflicting IPOs

IPOs with overlapping timeline

Integrity Infrabuild IPO

May 13 - May 15

Business Overview

Virtual Galaxy Infotech Limited company is a SaaS-based provider specializing in Core Banking Software, ERP implementation, IT solutions, and custom software for the BFSI, ERP, and e-Governance sectors. It offers end-to-end services including development, customization, installation, and post-implementation support. With a full suite of allied services—spanning consultation, design, deployment, monitoring, and managed services—the company ensures a seamless and comprehensive software experience for its clients

Lots & IPO Size

Virtual Galaxy Infotech IPO Lot Size

Lot Information for Virtual Galaxy Infotech IPO
Category Lots Shares Amount
Ind (Min) 1 1,000 ₹1,42,000
Ind (Max) 1 1,000 ₹1,42,000
S-HNI (Min) 2 2,000 ₹2,84,000
S-HNI (Max) 7 7,000 ₹9,94,000
B-HNI (Min) 8 8,000 ₹11,36,000
Allocate Funds
Market Maker
3,36,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Virtual Galaxy Infotech IPO Size

Total ₹93 Cr
Fresh Issue
₹93 Cr (0.66 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Capex towards setting up an additional development facility in Nagpur
  2. Repayment/prepayment of borrowings availed by the Co.
  3. Investment in GPU, servers & storage at Data Centre
  4. Product enhancement via manpower hiring
  5. Business development & marketing
  6. General corporate purposes

Virtual Galaxy Infotech IPO Live Subscription

Updated as on 14-May-2025 19:00:10 hrs

Category Sub (x) Offered Bids
QIB 129.72x 12,44,000 16,13,67,000
NII 590.27x 9,50,000 56,07,55,000
Retail 134.03x 22,00,000 29,48,67,000
Total 231.45x 43,94,000 1,01,69,89,000
  • Subscription data excludes the Anchor Investor portion.
  • Above info is sourced from NSE & BSE.

Virtual Galaxy Infotech IPO Details Live GMP

GMP ₹98
Est. Price ₹240
Est. Gain 69.01%

Virtual Galaxy Infotech IPO Peer Comparison

(Rs. in crores)

Virtual Galaxy Infotech IPO Peer Comparison Table
Particulars Virtual Galaxy Infotech Veefin Solutions Network People Services Technologies Trust Fintech
Revenue from Ops (in Crs.) 61.46 20.76 127.51 35.04
PAT (In Crs.) 16.30 5.64 26.71 12.50
EPS - Basic 9.88 2.74 13.78 7.13
NAV per share 24.81 52.70 29.67 25.71
RONW 39.82% 6.95% 62.04% 34.58%
EBITDA 50.38% 43.91% 32.26% 50.54%
PAT Margin 26.52% 27.16% 20.94% 35.67%
Price to earning (PE) 14.37 198.07 201.57 25.53
Debt to Equity 0.94 0.05 0.00 0.00
  • All information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 25, 2024 for Peers

Virtual Galaxy Infotech IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Virtual Galaxy Infotech IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 101.37 61.52 58.56 42.73
Profit after Tax 27.42 16.30 1.80 1.26
Net Worth 85.86 40.94 24.64 22.84
Total Borrowing 33.13 38.64 38.11 34.92
Total Assets 146.03 115.88 87.16 69.29
NAV per share (in ₹) 47.50 24.81 14.93 13.84
EPS - Basic (in ₹) 15.17 9.88 1.09 0.77

Key Performance Indicators (KPIs)

EBITDA

49.38%

PAT

26.04%

ROE

53.52%

ROCE

31.68%

Debt to Equity

0.93

  • All the data pertains to Mar 24
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

6.57%

Public

93.43%

Avinash Narayanrao Shende 40.69%
Sachin Purushottam Pande 40.69%

Management

Sachin Purushottam Pande
MD
Avinash Narayanrao Shende
CFO

Registrar & Lead Managers

Registrar

Maashitla Securities

Lead Managers (1)

Smart Horizon Capital

Company Details

Name: Virtual Galaxy Infotech Limited

Address: 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road, Nagpur, Maharashtra, India, 440015

Number: +91 9226531342

Email: investors@vgipl.in

Website: www.vgipl.com

Frequently Asked Questions (FAQs)

What is Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO is a SME IPO having an issue size of ₹93 Crs. Virtual Galaxy Infotech IPO is priced at ₹135 - ₹142 per share. The issue opens on 09 May 25 and closes on 14 May 25.
When will Virtual Galaxy Infotech IPO open?
Virtual Galaxy Infotech IPO opens on 09 May 25 and closes on 14 May 25.
What is the GMP of Virtual Galaxy Infotech IPO?
The estimated Grey Market Premium of Virtual Galaxy Infotech IPO is ₹98 per share (69.01%).
What is the lot size of Virtual Galaxy Infotech IPO?
The minimum lot size of Virtual Galaxy Infotech IPO is 1000 shares & the minimum application amount is Rs. 142000.
When is the allotment of Virtual Galaxy Infotech IPO?
The allotment date of Virtual Galaxy Infotech IPO is 15 May 25.
What is the listing date of Virtual Galaxy Infotech IPO?
The listing date of Virtual Galaxy Infotech IPO is 19 May 25.
What is the subscription of Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO is subscribed 231.45 times.
What is the price band of Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO is priced at ₹135 - ₹142 per share.
How to check allotment status of Virtual Galaxy Infotech IPO?
Click the allotment link on Virtual Galaxy Infotech IPO page of IPO360.
How to apply Virtual Galaxy Infotech IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Virtual Galaxy Infotech IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Virtual Galaxy Infotech IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Virtual Galaxy Infotech IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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