VL Infraprojects IPO Details: VL Infraprojects has announced the dates for its IPO, which will open on July 23 and close on July 25. This NSE SME IPO aims to raise ₹18.52 crores, with a price band set between ₹39 and ₹42 per share and a market lot of 3000 shares.
Established in 2014, VL Infraprojects Limited specializes in planning, constructing, and commissioning various government projects, particularly in water infrastructure and irrigation. The company undertakes water supply and wastewater infrastructure projects, including the procurement and installation of pipes, their connection, and commissioning. This comprehensive approach encompasses civil engineering works, such as pumping stations and the installation of electro-mechanical equipment for water distribution from rivers to households. Additionally, VL Infraprojects provides operation and maintenance services for water pipelines.
Recognized as a Class AA contractor by the Government of Gujarat, VL Infraprojects also holds a civil/electrical contractor license from the Karnataka State Public Works Department. The company is registered with the Government of Telangana in a special class and is an approved contractor by the Government of Madhya Pradesh. As of September 30, 2023, VL Infraprojects employs 25 people.
VL Infraprojects IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements; and
- General Corporate Purposes.
VL Infraprojects IPO Review (Apply or Not)
- Update soon
VL Infraprojects IPO Date & Price Band Details:
| IPO Open: | July 23, 2024 |
| IPO Close: | July 25 2024 |
| IPO Size: | Approx ₹18.52 Crores, 4,410,000 Equity Shares |
| Fresh Issue: | Approx ₹18.52 Crores, 4,410,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹39 to ₹42 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
VL Infraprojects IPO Lot Size:
The minimum market lot for the VL Infraprojects IPO is 3000 shares, requiring an application amount of ₹126,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹126,000 |
| Retail Maximum | 1 | 3000 | ₹126,000 |
| S-HNI Minimum | 2 | 6000 | ₹252,000 |
VL Infraprojects IPO Timeline:
The VL Infraprojects IPO will open on July 23 and close on July 25. The allotment date is set for July 26, with a potential listing date of July 30.
| IPO Open Date: | July 23, 2024 |
| IPO Close Date: | July 25, 2024 |
| Basis of Allotment: | July 26, 2024 |
| Refunds: | July 29, 2024 |
| Credit to Demat Account: | July 29, 2024 |
| IPO Listing Date: | July 30, 2024 |
VL Infraprojects IPO GMP Today:
The last GMP for the V.L. Infraprojects SME IPO is ₹20. With a price band of ₹42.00, the estimated listing price is ₹62 (cap price + today’s GMP). This suggests an expected gain of approximately 47.62% per share.
VL Infraprojects Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹30.78 | ₹29.59 | ₹0.83 |
| 2022 | ₹35.61 | ₹34.06 | ₹1.11 |
| 2023 | ₹45.65 | ₹42.56 | ₹2.23 |
| SEPT 2023 | ₹51.27 | ₹46.93 | ₹3.13 |
VL Infraprojects IPO Valuation – FY2023
Check VL Infraprojects IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.10 per Equity Share |
| Price/Earning P/E Ratio: | 2.10 |
| Return on Net Worth (RoNW): | 21.79% |
| Net Asset Value (NAV): | ₹9.04 per Equity Share |
Peer Group
- EMS Limited
Company Promoters
- Mr. Rajagopal Reddy Annam Reddy
- Mrs. Mydhili Rajagopal Reddy
- Mr. Nageswara Rao Repuri
VL Infraprojects IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
VL Infraprojects IPO Allotment Status
Check VL Infraprojects IPO allotment status on Skyline Financial website URL. Click Here
VL Infraprojects IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
VL Infraprojects Limited
Office at 716, Shivalik Satyamev,
Near Vakil saheb Bridge Bopal,
Ahmedabad- 380058
Phone: +91 9998850177
Email: cs@vlil.in
Website: http://www.vlil.in/
VL Infraprojects IPO FAQs
What is the IPO date for VL Infraprojects? The VL Infraprojects IPO will open on July 23, 2024, and close on July 25, 2024.
What is the price band for VL Infraprojects IPO? The price band for VL Infraprojects IPO is set at ₹39 to ₹42 per share.
What is the minimum market lot for VL Infraprojects IPO? The minimum market lot for VL Infraprojects IPO is 3000 shares, requiring an application amount of ₹126,000.
What is the expected listing date for VL Infraprojects IPO? The VL Infraprojects IPO allotment date is July 26, 2024, and it is expected to list on July 30, 2024.
What is the estimated listing price of VL Infraprojects IPO? Based on the current GMP (Grey Market Premium) of ₹20, the estimated listing price for VL Infraprojects IPO is around ₹62 per share.
What does VL Infraprojects Limited specialize in? VL Infraprojects Limited specializes in the planning, construction, and commissioning of government projects, particularly in water infrastructure and irrigation.
Where can I find more information about VL Infraprojects IPO? You can find more details about VL Infraprojects IPO on the official NSE SME platform and through the company’s prospectus available online.
