July 30, 2024
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V.L.Infraprojects IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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V.L.Infraprojects IPO listing Review
On 30th July 2024, the scrip is listed at Rs. 79.80, at the premium-cap of 90%. Because of the listing cap, the listing has been at a lower price.
V.L.Infraprojects allotment Link
What was the last grey market premium of V.L.Infraprojects IPO?
GMP Rs. 60
Subscription status of V.L.Infraprojects IPO
V.L. Infraprojects IPO (Closed)Price Rs. 42 Lot 3000 shares, Rs. 12.27 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 203.73 | 726.56 | 844.22 | 636.17 | 411.137/844.22x |
| Bids of Rs. 7805.81 Crore received | ||||
| Note: Good subscriptions collected | ||||
What is the business of V.L.Infraprojects?
V.L.Infraprojects is a Government Approved Contractor in “AA” Class with the Government of Gujarat, Civil/Electrical Contractor License from Karnataka State Public Works department, Special class registration in Government of Telangana and contractor registration in Government of Madhya Pradesh. The company provides designing, construction, and commissioning of various types of government projects especially in water infrastructure and irrigation segment.
The Company is engaged in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations and installation of electro-mechanical equipment’s (pumping machinery) for distribution of water supply from the river to household. It also provides operations & maintenance services for water distribution pipelines.
The company began its operations focusing on water pipeline projects in Gujarat. It has since expanded its services to encompass all aspects of road construction, irrigation, water infrastructure, and environmental projects. It has locational presence in the state of Madhya Pradesh, Telangana, Maharashtra, and Gujarat. It is committed to maintaining the highest standards, the same is evident by the ISO 9001:2015 certification for quality management, ISO 14001:2015 certification for environmental management, and ISO 45001:2018 certification for occupational health and safety management systems.
Over the years, on material basis, it has successfully executed around 30 projects worth Rs. 10,486.43 Lakhs. Over time, its execution capabilities have grown significantly both in terms of the size of projects that it bids for and execute, and the number of projects that it executes simultaneously. As of March 27, 2024, it has 14 on-going projects worth approximately Rs. 32,755.44 Lakhs.
Get more information about the company @ http://www.vlil.in/
V.L.Infraprojects IPO Details |
|
| IPO opens on | 23 July 2024 |
| IPO closes on | 25 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4410000 Shares / Rs 18.52 Crore |
| * Fresh Issue | 4410000 Shares / Rs 18.52 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 240000 Shares |
| Net offer to Public | 4170000 Shares/ Rs.17.51 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.39-42 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2085000 | 8.76 |
| NII (15%) | 625500 | 2.63 |
| RII (35%) | 1459500 | 6.12 |
| Total Shares | 4170000 | 51.82 |
| Retail portion will be oversubscribed by | 487 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 3000 Shares | Rs.126000 |
| Min HNI Application | 6000 Shares | Rs.252000 |
Who are the Promoters of V.L.Infraprojects IPO?
Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri are the company’s promoters.
What are the Objects of V.L.Infraprojects IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1. To Meet Working Capital Requirements; and
2. General Corporate Purposes.
Tentative timetable |
|
| IPO opens on | 23 July 2024 |
| IPO Closes on | 25 July 2024 |
| IPO Allotment on | 26 July 2024 |
| Refund Initiation | 29 July 2024 |
| Credit of Shares | 29 July 2024 |
| Listing on | 30 July 2024 |
| Registered Office of the Company V.L.Infraprojects Limited Office at 716, Shivalik Satyamev, Near Vakil saheb Bridge Bopal, Ahmedabad- 380058 |
| Who is the Lead Manager of this IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
V.L.Infraprojects IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 35.61 | 1.11 | 1.04 | 15.13 |
| 2022-23 | 45.65 | 2.23 | 2.10 | 21.79 |
| 2023-24 | 113.93 | 6.14 | 5.43 | 37.53 |
| Book Value of the Share on 31.03.2024 | 31.03.2024 | Rs 14.47 | ||
| BV of the Share at cap price | after the IPO | Rs. 22.20 | ||
| Offer Price/upper band | Rs. 42 | |||
V.L.Infraprojects IPO
|
|
| Price/last EPS of 23-24 | 7.73 |
| Price/BV Ratio | 2.90 |
| Upper price/BV after IPO | – |
How V.L.Infraprojects IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| VL Infraprojects | 10 | 113.93 | 7.73 |
| EMS ltd | 10 | 719.36 | 13.92 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
V.L.Infraprojects IPO Review
V.L.Infraprojects is a Government Approved Contractor in “AA” Class with the Government of Gujarat, Civil/Electrical Contractor License from Karnataka State Public Works department, Special class registration in Government of Telangana and contractor registration in Government of Madhya Pradesh. The company provides designing, construction, and commissioning of various types of government projects especially in water infrastructure and irrigation segment.
Size: Net size of the IPO is Rs. 17.51 crore, which is not so large, compared to other SME IPOs. The retail portion is Rs. 6.12 Crore and NII portion is Rs.2.63 Crore.
Financial Snapshot: The company has displayed strong revenue and net profit during last 3 years. The shares are offered at reasonable valuations, compared to peer group companies.
+ from fundamental angle: Apply
+ from grey market angle: ?
Quicklinks
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V.L.Infraprojects IPO FAQs
What is V.L.Infraprojects IPO?
This is a SME IPO of 6150000 equity shares of the face value of Rs. 10 aggregating up to Rs.59.04 Crores. The issue is priced at Rs.91-96 per share. The minimum order quantity is 1200 Shares.
When will V.L.Infraprojects IPO subscription open?
The IPO opens on July 16, 2024, and closes on July 19, 2024.
What is the lot size of V.L.Infraprojects IPO?
The IPO lot size is 1200 Shares, and the minimum amount required is Rs.115200
How to apply for V.L.Infraprojects IPO?
You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is V.L.Infraprojects IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 22 July, 2024, and the allotted shares will be credited to your demat account by July 23, 2024.
When is Kataria Industries IPO listing date?
This IPO listing date is July 24, 2024.
