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About Virtual Galaxy Infotech Limited
Virtual Galaxy Infotech limited 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 E Governance domains. The Company 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. Company’s wide array of offerings covers the entire lifecycle of services, including consultation, architecture, solution design, implementation, monitoring, and managed services.
Objective of the Issue
The Net Issue Proceeds are proposed to be used in the manner set out in the following table:
Virtual Galaxy Infotech IPO Details, Price, Market Lot
| Virtual Galaxy Infotech IPO Details | |
| IPO Open Date | 9 May 2025 |
| IPO Close Date | 14 May 2025 |
| IPO Issue Size | 65,70,000 shares (Aggregating up to ₹93.29 Cr) |
| Fresh Issue | 65,70,000 shares (Aggregating up to ₹93.29 Cr) |
| Offer for Sale | NIL |
| Retail Portion | Not less than 35% of the offer |
| NII Portion | Not less than 15% of the offer |
| QIB Portion | Not more than 50% of the offer |
| Listing At | NSE SME |
| Virtual Galaxy Infotech IPO Price | |
| Face Value | ₹10 per share |
| IPO Price Band | ₹135 to ₹142 per share |
| Lot Size | 1,000 shares |
| IPO Issue Type | Book Built Issue |
| Virtual Galaxy Infotech IPO Time Table (Tentative) | |
| IPO Open Date | 9 May 2025 |
| IPO Close Date | 14 May 2025 |
| Basis of Allotment Date | 15 May 2025 |
| Initiation of Refunds | 16 May 2025 |
| Credit of Share to Demat Account | 16 May 2025 |
| IPO Listing Date | 19 May 2025 |
| Company Promotor & Promotor’s Holding | |
| Avinash Narayanrao Shende and Sachin Purushottam Pande are the promoter of company. | |
| Pre Issue Promotor Holding | 87.95% |
| Post Issue Promotor Holding | |
| Company’s Contact & Address | |
| Virtual Galaxy Infotech Limited 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road, Nagpur, Maharashtra, India, 440015 Phone: +91 9226531342 Email: investors@vgipl.in Website: https://www.vgipl.com/ |
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| Virtual Galaxy Infotech IPO Registrar, Lead Manager, Prospectus | |
| IPO Prospectus | |
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| IPO Registrar | |
| Maashitla Securities Private Limited | |
| IPO Lead Manager | |
| Smart Horizon Capital Advisors Private Limited | |
Virtual Galaxy Infotech Lot Size
| Number of Shares Per Lot = 1,000 shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 1 | 1,000 | ₹1,42,000 |
| Retail (Maximum) | 1 | 1,000 | ₹1,42,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,84,000 |
| Number of Shares Per Lot = 1,000 shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| HNI (Mini) | 2 | 2,000 | ₹2,84,000 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 December 2024 (Standalone) | 10,921.88 | 10,137.06 | 2,741.51 | 8,585.81 | 3313.00 |
| 31 March 2024 | 11,692.67 | 6,357.66 | 1,653.95 | 4,140.20 | 3,863.97 |
| 31 March 2023 | 8,435.65 | 5,976.47 | 71.77 | 2,039.97 | 3,885.10 |
| 31 March 2022 | 6,779.63 | 4,343.74 | 40.22 | 2,014.31 | 3,555.76 |
| Period Ended | 31 Dec. 2024 (Standalone) | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 10,921.88 | 11,692.67 | 8,435.65 | 6,779.63 |
| Revenue | 10,137.06 | 6,357.66 | 5,976.47 | 4,343.74 |
| P A T | 2,741.51 | 1,653.95 | 71.77 | 40.22 |
| Net Worth | 8,585.81 | 4,140.20 | 2,039.97 | 2,014.31 |
| Borrowings | 3313.00 | 3,863.97 | 3,885.10 | 3,555.76 |
| Amount in ₹ Lakh | ||||