Virtual Galaxy Infotech Ltd IPO
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Virtual Galaxy Infotech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 65.7 L | TBA | ₹ 22 L | ₹ 160.94 L | NSE | ₹ 93.29 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 09 May, 25 | 14 May, 25 | 1000 | ₹ 1,35,000 | Book Building - SME | 19 May, 25 |
Virtual Galaxy Infotech Ltd IPO Dates
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 | 0.67x | 3084000 | 2080000 |
| NII | 0.39x | 950000 | 369000 |
| Retail | 0.25x | 2200000 | 552000 |
| Employee | 0x | 0 | 0 |
| Total | 0.46x | 6570000 | 3001000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Virtual Galaxy Infotech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 63.50 | 59.68 | 43.32 |
| EBITDA | 34.09 | 16.16 | 12.23 |
| PAT | 16.05 | 3.52 | 2.25 |
| Total Assets | 39.87 | 36.32 | 23.05 |
| Share Capital | 11.00 | 11.00 | 11.00 |
| Total Borrowings | 44.29 | 42.40 | 23.45 |
| Operating Activities (Net Cash) | 21.98 | 9.16 | 6.81 |
| Investing Activities (Net Cash) | -42.62 | -12.48 | 2.24 |
| Financing Activities (Net Cash) | 44.29 | 42.40 | 23.45 |
| Net Cashflow | 2.19 | 2.26 | 0.29 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Veefin Solutions Ltd
- Network People Services Technologies Ltd
- Trust Fintech Ltd
Virtual Galaxy Infotech Ltd IPO 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.
- 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.
How To Apply for Virtual Galaxy Infotech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
