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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹93.29 Cr |
| Reserved for Market Maker | ₹4.77 Cr |
| Net Issue Size | ₹93.29 Cr |
| Fresh Issue | ₹88.52 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹135.00-142.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | VGINFOTECH |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers | Smart Horizon Capital Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,000 shares and in multiples thereof
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India.
VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration.
The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses.
Their offerings focus on transaction automation, customer service delivery, compliance, and decision support.
The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions.
The company has over 300 professionals dedicated to delivering high-quality software solutions for clients.
VGIL's expertise extends to supporting diverse organizations, including bank branches, manufacturing setups, and business houses, ensuring reliable and efficient technology services that empower organizations to thrive in a fast-evolving digital landscape.
The company holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023.
The company serves commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI sector, and corporate clients in the sugar, solvex, textiles, fertiliser, seed, and education industries.
The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi.
As of December 31, 2024, the company had a total strength of 329 employees on its payroll.
Competitive Strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra | 34.27 |
| 2 | Repayment/prepayment of certain borrowings availed by the Company | 3.00 |
| 3 | Investment in procuring GPU, server & storage system at Data Centre | 5.05 |
| 4 | Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring | 18.90 |
| 5 | Funding for business development and marketing activities | 14.06 |
| 6 | General Corporate Purposes | 6.06 |
| 7 | Issue Expenses | 11.96 |
| Total | 93.29 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 116.93 | 84.36 | 67.80 |
| Total Income | 63.58 | 59.76 | 43.44 |
| Profit After Tax | 16.54 | 0.72 | 0.40 |
| NET Worth | 41.40 | 20.40 | 20.14 |
| Reserves and Surplus | 30.40 | 9.40 | 9.14 |
| Total Borrowing | 38.64 | 38.85 | 35.56 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 53.52% |
| ROCE | 31.68% |
| Debt / Equity | 0.93% |
| RoNW | 39.95% |
| PAT Margin | 26.04% |
| Price to Book Value | 5.66 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.04 | 6.65 |
| P/E (x) | 15.71 | 21.35 |
| Promoter Holding | 87.95% | 64.72% |
| Market Cap | ₹353.13 Cr. | |
