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Virtual Galaxy Infotech IPO
₹1,35,000/1000 shares
Minimum Investment
IPO Details
09 May 25
14 May 25
₹1,35,000
1000
₹135 to ₹142
NSE
₹93.29 Cr
19 May 25
Virtual Galaxy Infotech IPO Timeline
Bidding Start
09 May 25
Bidding Ends
14 May 25
Allotment Finalisation
15 May 25
Refund Initiation
16 May 25
Demat Transfer
16 May 25
Listing
19 May 25
Virtual Galaxy Infotech
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra. The company delivers innovative software products across sectors like BFSI, ERP, e-government, and cloud solutions. Its flagship Core Banking Solution, “e-banker,” supports over 5,000 institutions. With 329 professionals as of December 31, 2024, VGIL holds key ISO certifications and operates in 15+ Indian states and countries like Tanzania and Malawi. It serves clients in banking, finance, manufacturing, education, and agriculture-based industries.
Virtual Galaxy Infotech IPO Overview
Virtual Galaxy Infotech is launching its IPO through a book-building process, aiming to raise ₹93.29 crores entirely through a fresh issue of 65.70 lakh equity shares. The IPO will open for subscription on May 9, 2025, and close on May 14, 2025. Allotment is expected to be finalised by May 15, 2025, and the shares are likely to be listed on the NSE SME platform on May 19, 2025. The price band is set between ₹135 to ₹142 per share, with a minimum application lot size of 1,000 shares. Retail investors need to invest a minimum of ₹1,35,000, though bidding at the cutoff price of ₹142 per share is recommended to avoid the risk of missing out in case of oversubscription, increasing the amount to ₹1,42,000. For HNIs, the minimum investment is 2 lots or 2,000 shares, amounting to ₹2,84,000. Smart Horizon Capital Advisors Private Limited is the lead manager, Maashitla Securities Private Limited is the registrar, and Alacrity Securities Ltd. is the designated market maker for this issue.
Virtual Galaxy Infotech IPO Details
| Particulars | Details |
| IPO Date | 9 May 2025 to 14 May 2025 |
| Listing Date | 19 May 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹132 to ₹142 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Fresh Issue | 65,70,000 shares (aggregating up to ₹93.29 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
| Market Maker Portion | 3,36,000 shares |
Virtual Galaxy Infotech IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Virtual Galaxy Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,804,000 |
Virtual Galaxy Infotech IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 87.95% |
| Post-Issue |
Virtual Galaxy Infotech IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 10.02 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 39.95% |
| Net Asset Value (NAV) | 25.09 |
| Return on Equity | 53.52% |
| Return on Capital Employed (ROCE) | 31.68% |
| EBITDA Margin | 49.38% |
| PAT Margin | 26.04% |
| Debt to Equity Ratio | 0.9. |
Objectives of the Proceeds
- Capital expenditure for setting up an additional development facility in Nagpur, Maharashtra – ₹3,426.83 lakhs
- Repayment/prepayment of certain borrowings availed by the company – ₹300.00 lakhs
- Investment in procuring GPU, server, and storage system at Data Centre – ₹505.00 lakhs
- Funding for enhancement, maintenance, and upgrading of existing products through manpower hiring – ₹1,890.00 lakhs
- Funding for business development and marketing activities – ₹1,406.00 lakhs
- General corporate purposes
Key Financials (in ₹ lakhs)
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,692.67 | 8435.65 | 6779.63 |
| Revenue | 6350.45 | 5968.03 | 4332.02 |
| Profit After Tax | 1635.95 | 71.77 | 40.22 |
| Reserves and Surplus | 3040.18 | 939.96 | 914.30 |
| Total Borrowings | 3863.97 | 3811.28 | 3491.76 |
SWOT Analysis of Virtual Galaxy Infotech IPO
Strength and Opportunities
- Established presence in banking, ERP, and e-Governance sectors.
- Proprietary products like E-Banker and VPAY enhance service offerings.
- Strong client base across 15+ Indian states and international markets.
- Recent expansion into cybersecurity with 'Cyber Sentinel' service.
- Experienced leadership with over 26 years in the industry.
Risks and Threats
- Limited international market penetration.
- Dependency on the Indian market for revenue.
- Potential challenges in scaling operations globally.
- Emerging competition in the fintech and cybersecurity sectors.
- Risks associated with technological obsolescence and cybersecurity threats.
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Virtual Galaxy Infotech IPO
Virtual Galaxy Infotech IPO Strengths
- Offers a comprehensive one-stop solution with integrated software tailored for banking and financial institutions.
- Serves a diverse client base across BFSI, ERP, and E-Governance sectors, including banks, NBFCs, and government boards.
- Generates revenue through varied streams such as SaaS, software sales, AMC/ATS, and hardware services.
- Builds strong, recurring client relationships enabling consistent revenue from both new and existing customers.
- Operated by experienced leadership and a skilled team, with a strong focus on proprietary products and certified quality standards.
Peer Group Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV/Share (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
| Virtual Galaxy Infotech Limited | 9.88 | 9.88 | 24.81 | 39.82 | 5.92 | – |
| Peer Groups | ||||||
| Veefin Solutions Ltd | 2.74 | 2.51 | 52.70 | 216.22 | 6.95 | 5.90 |
| Network People Services Technologies Limited | 13.78 | 13.76 | 29.67 | 201.86 | 62.04 | – |
| Trust Fintech Limited | 7.13 | 7.13 | 25.71 | 25.53 | 34.58 | 3.76 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQ's On SME IPO
How can I apply for Virtual Galaxy Infotech IPO?
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
What is the opening and closing date of the Virtual Galaxy Infotech IPO?
The IPO opens on 9 May 2025 and closes on 14 May 2025 for public subscription.
What is the price band and minimum investment required for retail investors?
The price band is ₹135–₹142 per share; retail investors must invest at least ₹1,42,000.
On which platform will the Virtual Galaxy Infotech IPO be listed?
The IPO will be listed on the NSE SME platform on 19 May 2025.
How many shares are being issued through this IPO?
The IPO consists of a fresh issue of 65.70 lakh equity shares worth ₹93.29 crores.
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