Virtual Galaxy Infotech IPO
Open SmeCurrent GMP
₹110 (+77.46%)
Price Band
₹ 135 – 142
Lot Size
1000
Issue Size
₹93.29 Cr
Minimum Investment
₹284000 (2000 Shares)
Listing Date
19 May 2025
Subscription
231.53x
About the Company
Virtual Galaxy Infotech Limited is a Nagpur-based SaaS company, established in 1997, specializing in core banking software, ERP implementation, and customized IT solutions for the BFSI, ERP, and E-Governance sectors. The company provides end-to-end software services including development, integration, implementation, and post-deployment support.
Its flagship product, E-Banker, caters to banks, NBFCs, and societies, offered both as an on-premises solution and a SaaS model. Other notable products include IBS-ERP (for SMEs), e-APMC (for Agricultural Produce Market Committees), V-Pay (digital payment solution), V-SOC, E-Autopsy Software, VGST, and LOS (Loan Origination System).
Led by Avinash Narayanrao Shende and Sachin Purushottam Pande, the company holds multiple ISO certifications and has over 300 employees. Its clientele spans commercial banks, cooperative institutions, NBFCs, and industries like sugar, textiles, and education across various Indian states and internationally in Tanzania and Malawi.
Promoters
Avinash Narayanrao Shende
Sachin Purushottam Pande
Promoters Holding
Holding Pre Issue
87.95%
Holding Post Issue
64.72%
Objects of the Issue
Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra;
2. Repayment/ prepayment of certain borrowings availed by our Company;
3. Investment in procuring GPU, server & storage system at Data Centre;
4. Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower
hiring;
5. Funding for business development and marketing activities and
6. General corporate purpose
Address / Contact Info
Virtual Galaxy Infotech Limited
3, Central Excise Colony, Behind
Mahatme Eye Bank, Chhatrapati Sq.,
Ring Road, Nagpur,
Maharashtra-440015
Phone: +91 9226531342
Email: investors@vgipl.in
Website: http://www.vgipl.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 09 May 2025
IPO Close Date
Wednesday, 14 May 2025
Basis of Allotment
Thursday, 15 May 2025
Initiation of Refunds
Friday, 16 May 2025
Credit of Shares to Demat
Friday, 16 May 2025
Listing Date
Monday, 19 May 2025 — NSE & BSE
Important Dates
Open Date
09 May 2025
Close Date
14 May 2025
Basis Of Allotment
15 May 2025
Listing Date
19 May 2025
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 146.03 | 116.93 | 84.36 | 67.8 |
| Revenue | 101.37 | 63.58 | 59.76 | 43.44 |
| Profit After Tax | 27.42 | 16.54 | 0.72 | 0.4 |
| Net Worth | 85.86 | 41.4 | 20.4 | 20.14 |
| Reserve & Surplus | 67.56 | 30.4 | 9.4 | 9.14 |
| Total Borrowings | 33.13 | 38.64 | 38.85 | 35.56 |
EPS Pre
9.04%
EPS Post
6.65%
P/E Pre
15.71
P/E (Post Issue)
21.35x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 53.52 |
| ROCE % | 31.68 |
| Debt / Equity | 0.93 |
| RoNW % | 39.95 |
| PbW | 0 |
| Pat Margin % | 26.04 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1244000 | 0 | 0 |
| Non-Institutional | 950000 | 0 | 0 |
| Retail Investors | 2200000 | 0 | 0 |
| Total | 4394000 | 0 | 0 |
Subscription Status ( Wed, 14 May 25 01:23 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1244000 | 161367000 | 129.72x |
| Non-Institutional | 950000 | 561091000 | 590.62x |
| Retail Investors | 2200000 | 294867000 | 134.03x |
| Total | 4394000 | 1017325000 | 231.53x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 142,000.00 |
| Retail (Max) | 1 | 1,000 | 142,000.00 |
| S-HNI (Min) | 2 | 2,000 | 284,000.00 |
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Virtual Galaxy Infotech IPO is a Book-building IPO worth ₹93.29 crores. The price band is ₹135 to 142 per share. The IPO opens on Fri, May 9, 2025 and closes on Wed, May 14, 2025. It will be listed on BSE and NSE. Maashitla Securities Private Limited is the registrar.
The Virtual Galaxy Infotech IPO opens on Fri, May 9, 2025 and closes on Wed, May 14, 2025
Virtual Galaxy Infotech IPO Price Band is ₹135 to 142.
Virtual Galaxy Infotech IPO lot size is 1000, and the minimum amount required for application is ₹284000.
The minimum investment for Virtual Galaxy Infotech IPO is approximately ₹284000 based on the upper price band.
To apply for the Virtual Galaxy Infotech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, May 14, 2025. After submission, funds are blocked until the basis of allotment of Virtual Galaxy Infotech IPO is finalised.
Virtual Galaxy Infotech IPO issue size is ₹93.29 crores.
Virtual Galaxy Infotech IPO allotment date is Sat, Jun 27, 2026.
The registrar for Virtual Galaxy Infotech IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited website for IPO allotment status, refund processing, and other queries related to Virtual Galaxy Infotech IPO through their official website or helpline.
The Virtual Galaxy Infotech IPO GMP (Grey Market Premium) is ₹110 as of Mon, May 19, 2025. Based on the upper price band of ₹142 per share, the estimated Virtual Galaxy Infotech IPO listing price is ₹252, indicating a potential listing gain of approximately 31% over the issue price.