Virtual Galaxy Infotech Limited
Virtual Galaxy Infotech Limited
Price Band
₹135 - ₹142
Total Issue
₹93.29 Cr
Bid Dates
09 May - 14 May
Subscription
231.53x
Est. GMP
₹98 (69.01%)
Tentative Timetable
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
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 1 | 1,000 | ₹1,42,000 |
| Individual (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 |
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 17 May | ₹98 (69%) | ₹240 |
| 16 May | ₹88 (62%) | ₹230 |
| 15 May | ₹87 (61.3%) | ₹229 |
| 14 May | ₹87 (61.3%) | ₹229 |
| 13 May | ₹65 (45.8%) | ₹207 |
| 12 May | ₹55 (38.7%) | ₹197 |
| 09 May | ₹11 (7.7%) | ₹153 |
| 08 May | ₹11 (7.7%) | ₹153 |
| 07 May | ₹3 (2.1%) | ₹145 |
| 06 May | ₹3 (2.1%) | ₹145 |
| 05 May | ₹0 (0%) | ₹142 |
Virtual Galaxy Infotech IPO Peer Comparison
(Rs. in crores)
| 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
Financial Performance
(Rs. in crores)
| 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 |
KPIs
EBITDA
49.38%
PAT
26.04%
ROE
53.52%
ROCE
31.68%
Debt to Equity
0.93
PE Ratio
14.37
PB Ratio
5.72
Mkt Cap (in Crs.)
353.13
- All the data pertains to Mar 24
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
6.57%
Public
93.43%
Management
Subscription Status
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.
Frequently Asked Questions
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How to apply Virtual Galaxy Infotech IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Virtual Galaxy Infotech IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Virtual Galaxy Infotech IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Virtual Galaxy Infotech IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date