Virtual Galaxy Infotech Limited SME IPO

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Issue Size (Net)

up to Rs.93.29 Cr

Price Band

Rs.135 to Rs.142 per share

Issue Opens

May 9, 2025

Issue Closes

May 14, 2025

Company Highlights Financials Highlights Issue Details Prospectus

Company Highlights

1.Company Information

Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India. VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses. Their offerings focus on transaction automation, customer service delivery, compliance, and decision support. The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions. The company has over 300 professionals dedicated to delivering high-quality software solutions for clients. VGIL's expertise extends to supporting diverse organizations, including bank branches, manufacturing setups, and business houses, ensuring reliable and efficient technology services that empower organizations to thrive in a fast-evolving digital landscape. The company holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023. The company serves commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI sector, and corporate clients in the sugar, solvex, textiles, fertiliser, seed, and education industries. The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi. As of December 31, 2024, the company had a total strength of 329 employees on its payroll.

2. Objects of the Issue

1 Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra; 342.68
2 Repayment/ prepayment of certain borrowings availed by the Company 30
3 Investment in procuring GPU, server & storage system at Data Centre; 50.5
4 Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring 189
5 Funding for business development and marketing activities 140.6
6 General corporate purposes

3.Virtual Galaxy Infotech Limited IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Virtual Galaxy Infotech Limited IPO Financials

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-24	116.93	63.58	16.54	41.4	30.4	38.64
31-Mar-23	84.36	59.76	0.72	20.4	9.4	38.85
31-Mar-22	67.8	43.44	0.4	20.14	9.14	35.56
Amount in Rs. Crore

Virtual Galaxy Infotech Limited IPO Details

Issue Opening Date	May 9, 2025
Issue Closing Date	May 14, 2025
Face Value	Rs.10 per share
Price	Rs.135 to Rs.142 per share
Lot Size	1000 Shares
Issue Size	65,70,000 shares (aggregating up to Rs.93.29 Cr)
Fresh Issue	65,70,000 shares (aggregating up to Rs.93.29 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share holding pre issue	1,82,98,635 shares
Share holding post issue	2,48,68,635 shares
Market Maker portion	3,36,000 shares

Virtual Galaxy Infotech Limited IPO Timeline

Event	Tentative Date
Opening Date	Fri, May 9, 2025
Closing Date	Wed, May 14, 2025
Basis of Allotment	Thu, May 15, 2025
Initiation of Refunds	Fri, May 16, 2025
Credit of Shares to Demat	Fri, May 16, 2025
Listing Date	Mon, May 19, 2025
Cut-off time for UPI mandate confirmation	5 PM on May 14, 2025