July 30, 2024
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VVIP Infratech IPOlisting Review
On 30th July 2024, the scrip is listed at Rs. 176.70, at the listing-cap of 90%. Because of the listing cap, the listing has been at a lower price than the expectations of grey market.
VVIP Infratech IPO allotment Link
What was the last grey market premium of VVIP Infratech IPO?
Premium Rs 125
Subscription status of VVIP Infratech IPO
VVIP Infratech IPO (Closed)Price Rs. 93 Lot 1200 shares, Rs. 40.66 Crore | ||||
| QIB | NII X | RII X | Total X | Applications |
| 168.45 | 456.82 | 181.73 | 236.92 | 207834/114.07x |
| Bids of Rs. 9633.17 Crore received | ||||
| Note: Impressive subscriptions received | ||||
What is the business of VVIP Infratech?
VVIP Infratech is a leading infrastructure company in India. It is Class “A” Civil and Electrical contractor having over two decades of experience in the field of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution and Sub Stations upto 33 kVA, Jal Jeewan Mission work etc.
The Company is known for its high-quality work, on-time delivery, and competitive pricing. It has a team of experienced and qualified engineers and technicians who are committed to providing the best possible services to its clients. It is among the top preferred companies in India for STPs and is one of the few companies to have constructed two 56 MLD STPs using Sequential Batch Reactor (SBR) technology in the year 2013.
It is primarily working on projects in the state of Uttar Pradesh, Uttarakhand, NCR Delhi and other northern Part of India. The Company is well-positioned to play a leading role in the development of India’s infrastructure sector, particularly in the area of STPs.
Currently, the Company has an order book of Rs. 477.62 Crores, including an Operation and Maintenance (O&M) order book of 126.19 Crores as on January 31, 2024. The company has submitted bids for Rs. 182.00 Crores against tenders in Roorkee Uttrakhand which is under process to be opened. This is a significant increase in the company’s order book value.
Get more information about the company @ http://www.vvipinfra.com/
VVIP Infratech IPO Details | |
| IPO opens on | 23 July 2024 |
| IPO closes on | 25 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6582000 Shares / Rs 61.21 Crore |
| * Fresh Issue | 6582000 Shares / Rs 61.21 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 338400 Shares |
| Net offer to Public | 6243600 Shares/ Rs.58.07 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.91-93 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | BSE SME |
Shares offered in IPO | ||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3121800 | 29.08 |
| NII (15%) | 936540 | 8.71 |
| RII (35%) | 2185260 | 20.33 |
| Total Shares | 6243600 | 61.21 |
| Retail portion will be oversubscribed by | 1821 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1200 Shares | Rs.111600 |
| Min HNI Application | 2400 Shares | Rs.223200 |
Who are the Promoters of VVIP Infratech IPO?
Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi are the company’s promoters.
What are the Objects of VVIP Infratech IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.Capital Expenditure
2.Working Capital Requirement
3.General Corporate Purpose
4.Issue Expense
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 VVIP Infratech Limited Fifth Floor, VVIP Style, Nh-58 Raj Nagar Extension, Ghaziabad – 201017 |
| Who is the Lead Manager of this IPO? Share India Capital Services |
| Who is the Registrar to IPO? Maashitla Securities Private Limited |
VVIP Infratech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 185.26 | 4.53 | – | 26.31 |
| 2022-23 | 210.56 | 13.58 | 7.38 | 21.70 |
| 2023-24 6M | 121.97 | 12.27 | 18.08 | |
| Book Value of the Share on 31.03.2024 | 31.09.2023 | Rs 338 | ||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 93 | |||
IPO | |
| Price/last EPS of 22-23 | 12.60 |
| Price/BV Ratio | |
| Upper price/BV after IPO | – |
How VVIP Infratech IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| VVIP Infratech | 10 | 148.17 | 12.60 |
| EMS ltd | 10 | 543.27 | 19.31 |
| Vishnusurya Projects | 10 | 133.26 | 15.10 |
# 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.
VVIP Infratech IPO Review
VVIP Infratech is a leading infrastructure company in India. It is Class “A” Civil and Electrical contractor having over two decades of experience in the field of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution and Sub Stations upto 33 kVA, Jal Jeewan Mission work etc.
Size: Net size of the IPO is Rs. 58.07 crore, which is some what large, compared to other SME IPOs. The retail portion is Rs. 20.33 Crore and NII portion is Rs.8.71 Crore.
Financial Snapshot: The company has displayed strong revenue and net profit during last 3 years.However the company has issued bonus shares and preferential shares, subsequent to 30.09.2023 and accordingly, the EPS and book value of the shares got diluted and we have calculated EPS for 2022-23 accordingly. The shares are offered at marginally lower valuations, compared to peer group companies.
+ from fundamental angle: So-so
+ from grey market angle: ?
Quicklinks
VVIP Infratech IPO GMP today allotment, review?
VVIP Infratech IPO GMP grey market premium
VVIP Infratech IPO FAQs
What is VVIP Infratech IPO?
This is a SME IPO of 6582000 equity shares of the face value of Rs. 10 aggregating up to Rs.61.21 Crores. The issue is priced at Rs.91-93 per share. The minimum order quantity is 1200 Shares.
When will VVIP Infratech IPO subscription open?
The IPO opens on July 23, 2024, and closes on July 25, 2024.
What is the lot size of VVIP Infratech IPO?
The IPO lot size is 1200 Shares, and the minimum amount required is Rs.111600
How to apply for VVIP Infratech 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 VVIP Infratech IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 26 July, 2024, and the allotted shares will be credited to your demat account by July 29, 2024.
When is VVIP Infratech IPO listing date?
This IPO listing date is July 30, 2024.
