Virtual Galaxy Infotech IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Fri, 09 May 2025
Close Date
Wed, 14 May 2025
Price Band
₹ 135 – 142
Lot Size
1000
Issue Size
₹ 93.29 Cr
Minimum Investment
₹ 284,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Virtual Galaxy Infotech IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹93.29 Crore, comprising a fresh issue of 65.70 Lakh equity shares aggregating to ₹93.29 Crore.
The Virtual Galaxy Infotech IPO remained open for subscription from May 09, 2025, to May 14, 2025. The basis of allotment was finalized on May 15, 2025, and the company's shares were listed on NSE SME Platform on May 19, 2025.
The company had fixed the price band at ₹135 to ₹142 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹284,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Private Limited served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Virtual Galaxy Infotech Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Virtual Galaxy Infotech IPO Timeline (Tentative)
- IPO Open Date
- Fri, 09 May 25
- IPO Close Date
- Wed, 14 May 25
- Basis of Allotment
- Thu, 15 May 25
- Initiation of Refunds
- Fri, 16 May 25
- Credit of Shares to Demat
- Fri, 16 May 25
- Listing Date
- Mon, 19 May 25 — NSE & BSE
Open Date
09 May 2025
Close Date
14 May 2025
Basis Of Allotment
15 May 2025
Listing Date
19 May 2025
IPO Subscription
Check Live Subscription →The Virtual Galaxy Infotech IPO has received bids for 1,01,73,25,000 shares against 43,94,000 shares offered, resulting in an overall subscription of 231.53x. the NII category is subscribed 590.62x, Retail Investors 134.03x, and QIBs 129.72x.
QIB
129.72x
NII
590.62x
RII
134.03x
Total
231.53x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,00,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,44,000 shares (0%), while Non-Institutional Investors (NIIs) receive 9,50,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,244,000 | 0% |
| Non-Institutional | 950,000 | 0% |
| Retail Investors | 2,200,000 | 0% |
| Total | 4,394,000 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Virtual Galaxy Infotech Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 53.52 |
| ROCE % | 31.68 |
| Debt / Equity | 0.93 |
| RoNW % | 39.95 |
| Pat Margin % | 26.04 |
Peers Comparison
No Peer Comparision Available
About Virtual Galaxy Infotech Limited
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.
Virtual Galaxy Infotech IPO Promoters
Avinash Narayanrao Shende
Sachin Purushottam Pande
Promoters Holding
Holding Pre Issue
87.95%
Holding Post Issue
64.72%
Virtual Galaxy Infotech IPO Objective
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
Virtual Galaxy Infotech Limited Address / Contact Details
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
Virtual Galaxy Infotech IPO Lot Size
The Virtual Galaxy Infotech IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,42,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,42,000.
| 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 |
Issue Reservation
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Virtual Galaxy Infotech IPO?
Virtual Galaxy Infotech IPO is a Book-building IPO with a total issue size of ₹93.29 crore. The Virtual Galaxy Infotech IPO price band is ₹135 to 142 per share. The Virtual Galaxy Infotech IPO subscription opens on Fri, May 9, 2025, and closes on Wed, May 14, 2025. The Virtual Galaxy Infotech IPO will be listed on the NSE. Maashitla Securities Private Limited is the registrar for the Virtual Galaxy Infotech IPO.
When will the Virtual Galaxy Infotech IPO open for subscription?
The Virtual Galaxy Infotech IPO opens on Fri, May 9, 2025 and closes on Wed, May 14, 2025
What is Virtual Galaxy Infotech IPO Price Band?
Virtual Galaxy Infotech IPO Price Band is ₹135 to 142 per share.
What is Virtual Galaxy Infotech IPO Lot Size?
Virtual Galaxy Infotech IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹284000 based on the upper price band
What is the minimum investment for Virtual Galaxy Infotech IPO?
The minimum investment for Virtual Galaxy Infotech IPO is ₹284000, based on one lot of 1000 shares at the upper price band of ₹142 per share.
How to apply for Virtual Galaxy Infotech IPO?
Investors can apply for the Virtual Galaxy Infotech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, May 14, 2025. The application amount remains blocked until the Virtual Galaxy Infotech IPO allotment is finalized.
What is Virtual Galaxy Infotech IPO Issue Size?
Virtual Galaxy Infotech IPO issue size is ₹93.29 crores.
What is the Virtual Galaxy Infotech IPO Allotment Date?
Virtual Galaxy Infotech IPO allotment date is Thu, May 15, 2025.
Who is the Virtual Galaxy Infotech IPO Registrar?
The registrar for Virtual Galaxy Infotech IPO is Maashitla Securities Private Limited. Investors can go to Maashitla Securities Private Limited website to check Virtual Galaxy Infotech IPO allotment status, refund processing, and other IPO-related information.
What is the Virtual Galaxy Infotech IPO GMP?
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 77.46% over the issue price.
Who is the Virtual Galaxy Infotech IPO Lead Manager?
The book-running lead managers (BRLMs) for the Virtual Galaxy Infotech IPO are Smart Horizon Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Virtual Galaxy Infotech IPO Red Herring Prospectus (RHP).