VVIP Infratech IPO will open for subscription from 23 July 2024. The company aims for an issue size of ₹61.21 Cr through this IPO.
Company Overview
| Full name | VVIP Infratech Limited |
| Sector | Infrastructure |
| Industry | Engineering-Construction |
| Company Website | https://www.vvipinfra.com/ |
About Company
VVIP Infratech is a leading infrastructure company in India. The company is a Class “A” Civil and Electrical contractor having over two decades of experience in the field of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution, and Sub Stations up to 33 kVA, Jal Jeewan Mission work etc.
VVIP Infratech is primarily engaged in projects across Uttar Pradesh, Uttarakhand, NCR Delhi, and other parts of northern India. The company is poised to play a pivotal role in the development of India’s infrastructure sector, especially in the area of Sewer Treatment Plants (STPs). As of 31 January 2024, VVIP Infratech boasts an impressive order book totaling INR 477.62 crores, with INR 126.19 crores dedicated to Operation and Maintenance (O&M). Additionally, the company has submitted bids amounting to INR 182 crores for tenders in Roorkee, Uttarakhand, which are currently under review. The company owns 90.02% shareholding in its subsidiary company namely “Vibhor Vaibhav Infrahome” (VVIHPL). As of 30 September 2023, the company employed 466 individuals.
The Objectives of the Issue
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
- Issue Expense
VVIP Infratech IPO Timetable
| IPO Opening date | 23 July 2024 |
| IPO Closing | 25 July 2024 |
| Basis of Allotment | 26 July 2024 |
| Initiation Refund | 29 July 2024 |
| Credit to Demat Account | 29 July 2024 |
| Listing Date | 30 July 2024 |
VVIP Infratech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹61.21 Cr – 6,582,000 shares |
| Fresh Issue | ₹61.21 Cr – 6,582,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹91 to ₹93 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 338,400 shares |
| Shareholding pre-issue | 18,387,700 |
| Shareholding post-issue | 24,969,700 |
| Listing Exchange | BSE SME |
VVIP Infratech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |
VVIP Infratech Offer Documents
VVIP Infratech IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,872,000 (28.44%) |
| Market Maker Shares Offered | 338,400 (5.14%) |
| QIB Shares Offered | 1,248,000 (18.96%) |
| NII (HNI) Shares Offered | 937,200 (14.24%) |
| Retail Shares Offered | 2,186,400 (33.22%) |
| Total Shares Offered | 6,582,000 (100%) |
VVIP Infratech Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 181.89 | 208.90 | 283.53 |
| Expenses | 179.37 | 192.78 | 257.67 |
| Net income | 3.18 | 11.71 | 21.04 |
VVIP Infratech Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 74.83 | 224.29 | 20.08 |
| PE ratio | – | – | 4.53 – 4.63 |
| RONW (%) | 6.66 | 15.71 | 18.73 |
| NAV | 1,123.99 | 1,427.33 | 107.22 |
| ROCE (%) | 8.08 | 15.24 | 19.00 |
| EBITDA (%) | 3.24 | 9.48 | 11.09 |
| Debt/Equity | 0.98 | 0.42 | 0.40 |
Company Promoters
- Mr. Praveen Tyagi
- Mr. Vaibhav Tyagi
- Mr. Vibhor Tyagi
Promoter Holding
| Pre Issue Share Holding | 92.34% |
| Post Issue Share Holding |
VVIP Infratech Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 29 July 2024 | 95 | – | 89,000 |
| 27 July 2024 | 88 | – | 82,000 |
| 26 July 2024 | 86 | – | 80,000 |
| 25 July 2024 | 72 | – | 68,000 |
| 24 July 2024 | 65 | – | 62,000 |
| 23 July 2024 | 48 | – | 45,000 |
| 22 July 2024 | 47 | – | 43,000 |
| 20 July 2024 | 45 | – | 41,000 |
| 19 July 2024 | 40 | – | 38,000 |
| 18 July 2024 | 35 | – | 31,000 |
VVIP Infratech IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 168.45 |
| NII | 456.82 |
| Retail | 181.73 |
| Total | 236.92 |
VVIP Infratech IPO Listing Details
| Listing Date | 30 July 2024 |
| BSE Scrip Code | 544219 |
| NSE Symbol | – |
| ISIN | INE0MNP01016 |
| Final Issue Price | ₹93 per share |
VVIP Infratech IPO Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | ₹93.00 |
| Open | ₹176.70 |
| Low | ₹176.70 |
| High | ₹185.53 |
| Last Trade | ₹185.53 |
VVIP Infratech Lead Manager(s)
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15, Sector-64, Noida
–201301, Uttar Pradesh, India
Phone: +91-0120-4910000
Email: anand.srivastava@shareindia.co.in
Website: www.shareindia.com
VVIP Infratech IPO Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: investor.ipo@maashitla.com
Website: www.maashitla.com
VVIP Infratech Contact Details
VVIP INFRATECH LIMITED
Fifth Floor, VVIP Style, Nh-58 Raj Nagar Extension,
Ghaziabad, Uttar Pradesh- 201017, India
Phone: +91 9990060123
E-mail: cs@vvipinfra.com
Website: www.vvipinfra.com
VVIP Infratech IPO FAQs
What is the VVIP Infratech offer size?
VVIP Infratech offer size is ₹ 59.90 – 61.21 crores.
What is the VVIP Infratech offer price band?
VVIP Infratech public offer price is ₹ 91 – 93 per share.
What is the lot size of the VVIP Infratech IPO?
VVIP Infratech offer a lot size is 1,200 shares.
What is VVIP Infratech Offer GMP today?
VVIP Infratech IPO GMP today is ₹ 95 per share.
What is the VVIP Infratech kostak rate today?
VVIP Infratech kostak rate today is ₹ NA per application.
What is VVIP Infratech Subject to the Sauda rate today?
VVIP Infratech is Subject to the Sauda rate today is INR 89,000 per application.
Final thoughts
VVIP Infratech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
