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Virtual Galaxy Infotech Ltd IPO

Our Company is a SaaS product focused company engaged in providing Core Banking Software Solution, IT Solutions, ERP Implementation and Customized Software Solutions Development, IT services for the BFSI, ERP, and EGovernance domains. We are primarily involved in the development, customization, installation, and implementation of software applications, along with comprehensive post-implementation support, monitoring, and maintenance services for the delivered solutions. To provide a seamless experience to our clients, we offer a range of essential allied services, ensuring that all software needs are met under one roof. Our wide array of offerings covers the entire lifecycle of services, including consultation, architecture, solution design, implementation, monitoring, and managed services.

Virtual Galaxy Infotech Ltd IPO Details

Total Shares Offered

₹ 65,70,000

Offer to Public

TBA

Retail Max (Shares)

₹ 22,00,000

Pre Issue Promoters Holding

₹ 1,60,94,204

Exchange

NSE

Issue size

₹ 93.29 Cr

IPO Open Date

May 9, 2025

Close Date

May 14, 2025

Lot Size

1000

Min Investment

₹ 1,35,000

Issue Type

Book Building - SME

Listing Date

May 19, 2025

Virtual Galaxy Infotech Ltd IPO Dates

May 9, 2025

Opening date

May 14, 2025

Closing date

May 15, 2025

Basis of Allotment

May 16, 2025

Initiation of Refunds

May 16, 2025

Credit of Shares

May 19, 2025

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	52.32x	3084000	161367000
NII	590.62x	950000	561091000
Retail	134.03x	2200000	294867000
Employee	0x	0	0
Total	154.84x	6570000	1017325000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

52.32x

590.62x

134.03x

154.84x

3084000

950000

2200000

6570000

161367000

561091000

294867000

1017325000

Virtual Galaxy Infotech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	52.98	63.50	59.68
EBITDA	60.63	34.09	16.07
PAT	32.12	16.05	1.80
Total Assets	38.32	39.87	34.97
Share Capital	18.30	11.00	11.00
Total Borrowings	28.42	29.23	27.81
Operating Activities (Net Cash)	39.77	21.98	7.44
Investing Activities (Net Cash)	-48.13	-42.62	-11.14
Financing Activities (Net Cash)	28.42	29.23	27.81
Net Cashflow	2.56	2.19	0.39

About Virtual Galaxy Infotech Ltd

Virtual Galaxy Infotech Limited was originally incorporated on September 12, 1997 under the name "Virtual Galaxy Infotech Private Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. Subsequently, the status of the Company was changed to public limited Company and the name of the Company was changed to "Virtual Galaxy Infotech Limited" vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on September 14, 2024. The fresh certificate of incorporation consequent to conversion was issued on September 12, 2024 by the Registrar of Companies, CPC. The Corporate Identification Number of the Company is U93000MH1997PLC110645.

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.5% of India's GDP in FY23, and it is expected to contribute 10% to India's GDP by 2025. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the Internet.

Peer Comparison:

Veefin Solutions Ltd
Network People Services Technologies Ltd
Trust Fintech Ltd

Virtual Galaxy Infotech Ltd Key Points

Strengths

One stop solution provider.

Diversified business across several verticals.

Diversified revenue streams.

Recurring and non-recurring, repeat revenues from long standing customer relationships.

Experienced promoters and senior management team with strong industry expertise and successful track record.

Risk

Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. E-Banker. The loss of any one or more of its major clients would have a material effect on the company business operations and profitability.

The company depends on orders from the banks, government and private sector clients for majority of its revenue, which may expose it to risk. Additionally, the loss of or inability to qualify for such orders may adversely affect its business, financial condition, results of operations and prospects.

The company derives a significant portion of its revenue from customers located in Maharashtra. Any adverse developments in the region could adversely affect its business, results of operations, cash flows and financial condition.

Strategy

Establishing a robust facility at Mihan SEZ, Nagpur to accommodate additional personnel.

Expand our business and geographical footprint.

Building-up as a professional organization & attracting bright talent to the company.

Elevating market presence: Unleashing the potential of our product portfolio.

Improving functional efficiency.

How To Apply for Virtual Galaxy Infotech Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Virtual Galaxy Infotech Ltd IPO?

Virtual Galaxy Infotech Ltd's IPO offers shares for up to 93.29 It begins on May 9, 2025 and ends on May 14, 2025.

What is the price of the Virtual Galaxy Infotech Ltd IPO?

The price of Virtual Galaxy Infotech Ltd IPO ranges between ₹135 to ₹142 per share.

What are the open and close dates for the Virtual Galaxy Infotech Ltd IPO?

The Virtual Galaxy Infotech Ltd IPO opens on May 9, 2025 and closes on May 14, 2025.

When will the Virtual Galaxy Infotech Ltd IPO be allotted?

The allotment for the Virtual Galaxy Infotech Ltd IPO will be finalised on May 15, 2025. The shares will be listed on BSE and NSE on May 19, 2025.

What is the minimum lot size required for Virtual Galaxy Infotech Ltd IPO?

The minimum lot size for Virtual Galaxy Infotech Ltd IPO is 1000 shares, priced between ₹135 to ₹142 per share.

What is the GMP of Virtual Galaxy Infotech Ltd IPO?

The GMP (Grey Market Premium) of Virtual Galaxy Infotech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Virtual Galaxy Infotech Ltd IPO?

To check the allotment status of Virtual Galaxy Infotech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Virtual Galaxy Infotech Ltd IPO getting listed?

The Virtual Galaxy Infotech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 9, 2025, and closes on May 14, 2025. The allotment is finalised on May 15, 2025.

How do you apply for the Virtual Galaxy Infotech Ltd IPO?

To apply for the Virtual Galaxy Infotech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.