Vishnusurya Projects and Infra IPO will open for subscription from 29 September 2023. The company aims for an issue size of ₹50 Cr through this IPO.
Company Overview
| Full name | Vishnusurya Projects and Infra Limited |
| Sector | Engineering |
| Industry | Construction |
| Company Website | https://www.vishnusurya.com/ |
About Company
Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants. Vishnusurya was started in the year 1996 with a small and dedicated team of construction experts, service providers, contractors, suppliers, and consultants to accomplish one shared goal- building a responsible future.
The Company has a strong regional footprint, a track record of sustainable growth, a strong balance sheet, a sound liquidity profile, the breadth and depth of resources and a track record of repeat clients to deliver challenging infrastructure and large EPC projects. Vishnusurya collaborates extensively with clients and partners to execute projects that foster community connectivity, and contribute significantly to urban and rural development, stimulate economic growth, and build sustainable infrastructure.
A responsive and client-focused partner in the industry with large corporation experience, Vishnusurya is well-positioned with a roster of ongoing major projects, and a robust pipeline of future project pursuits. , even as it continues to make a difference to the clients, stakeholders, employees, and the community.
The Objectives of the Issue
IPO Timetable
| IPO Opening date | 29 September 2023 |
| IPO Closing | 04 October 2023 |
| Basis of Allotment | 09 October 2023 |
| Initiation Refund | 10 October 2023 |
| Credit to Demat Account | 11 October 2023 |
| Listing Date | 12 October 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹50 Cr – 7,352,942 shares |
| Fresh Issue | ₹50 Cr – 7,352,942 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹68 per share |
| Lot size | 2000 Shares |
| Shareholding pre-issue | 17,259,671 |
| Shareholding post-issue | 24,612,613 |
| Listing Exchange | BSE & NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,594.72 | 11,849.39 | 12,105.28 |
| Revenue | 6,339.33 | 9,603.62 | 13,326.06 |
| Profit After Tax | 229.18 | 2,158.97 | 1,736.64 |
| Net Worth | 3,573.72 | 4,155.88 | 5,952.39 |
| Reserves and Surplus | 3,078.32 | 3,660.48 | 5,043.99 |
| Total Borrowing | 1,472.32 | 3,489.49 | 3,625.24 |
Valuations & Margins
Coming soon
Company Promoters
- Bhavani Jayaprakash
Promoter Holding
| Pre Issue Share Holding | 88.74% |
| Post Issue Share Holding |
Lead Manager(s)
- Khandwala Securities Limited
IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Contact Details
Vishnusurya Projects and Infra Limited
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street, Mylapore,
Chennai – 600 004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Allotment Status
Coming soon
Final thoughts
Vishnusurya Projects and Infra IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
