Virtual Galaxy Infotech Limited
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
Price Band₹135 - ₹142 |
Dates09 May - 14 May |
GMP₹98 (69.01%) |
Subscriptions231.53 times |
Issue Size₹93.29 Crs |
Virtual Galaxy Infotech IPO Objects
- Capex towards setting up an additional development facility in Nagpur
- Repayment/prepayment of borrowings availed by the Co.
- Investment in GPU, servers & storage at Data Centre
- Product enhancement via manpower hiring
- Business development & marketing
- General corporate purposes
Virtual Galaxy Infotech IPO Details
Price Band₹135 - ₹142 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹93.29 Cr (0.66 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹93.29 Cr (0.66 Cr Shares) |
Face Value₹10 per equity share |
Virtual Galaxy Infotech IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
1,000
1,42,000
Maximum
1
1,000
1,42,000
|
|||
| NII |
Minimum
2
2,000
2,84,000
|
|||
Virtual Galaxy Infotech IPO Subscription
Updated as on 14-May-2025 19:00:10 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 129.72 | 12,44,000 | 16,13,67,000 |
| NII | 590.62 | 9,50,000 | 56,10,91,000 |
| Retail | 134.03 | 22,00,000 | 29,48,67,000 |
| Total | 231.53 | 43,94,000 | 1,01,73,25,000 |
- Subscription data excludes the Anchor Investor portion.
- Above info is sourced from NSE & BSE.
Virtual Galaxy Infotech IPO GMP
The estimated Grey Market Premium of Virtual Galaxy Infotech IPO is ₹98 per share (69.01%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,36,000 EQ Shares |
Virtual Galaxy Infotech IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| 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.
Virtual Galaxy Infotech IPO Peer Comparision
| 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 Peer Comparision
| Particulars | Virtual Galaxy Infotech |
|---|---|
| Revenue from Ops (in Crs.) | 61.46 |
| PAT (In Crs.) | 16.30 |
| EPS - Basic | 9.88 |
| NAV per share | 24.81 |
| RONW | 39.82% |
| EBITDA | 50.38% |
| PAT Margin | 26.52% |
| Price to earning (PE) | 14.37 |
| Debt to Equity | 0.94 |
| Veefin Solutions | Network People Services Technologies | Trust Fintech |
|---|---|---|
| 20.76 | 127.51 | 35.04 |
| 5.64 | 26.71 | 12.50 |
| 2.74 | 13.78 | 7.13 |
| 52.70 | 29.67 | 25.71 |
| 6.95% | 62.04% | 34.58% |
| 43.91% | 32.26% | 50.54% |
| 27.16% | 20.94% | 35.67% |
| 198.07 | 201.57 | 25.53 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Avinash Narayanrao Shende | 40.69% |
| Sachin Purushottam Pande | 40.69% |
| Others | 6.57% |
Management Details
| Name | Designation |
|---|---|
| Sachin Purushottam Pande | MD |
| Avinash Narayanrao Shende | CFO |
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
Book Running Lead Managers (BRLMs)
Smart Horizon Capital
Visit WebsiteRTAs
Maashitla Securities
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Virtual Galaxy Infotech IPO is a SME IPO having an issue size of Rs. ₹93.29 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.
Virtual Galaxy Infotech IPO opens on 09 May 25 and closes on 14 May 25.
The estimated Grey Market Premium of Virtual Galaxy Infotech IPO is ₹98 per share (69.01%).
The minimum lot size of Virtual Galaxy Infotech IPO is 1000 shares & the minimum application amount is Rs. 142000.
The allotment date of Virtual Galaxy Infotech IPO is 15 May 25.
The listing date of Virtual Galaxy Infotech IPO is 19 May 25.
Virtual Galaxy Infotech IPO is subscribed 231.53 times.
Virtual Galaxy Infotech IPO is priced at ₹135 - ₹142 per share.
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