V.L.Infraprojects Limited IPO
- IPO Date23 Jul, 2024 to 25 Jul, 2024
- Listing Date30 Jul, 2024
- Face Value₹10 per share
- Issue Price₹39 to ₹42 per share
- Lot Size3000 Shares
- Minimum Investment₹1,26,000
- Listing AtNSE SME
- Total Issue Size44,10,000 Shares
(aggregating up to ₹18.52 Cr) - Fresh Issue44,10,000 Shares
(aggregating up to ₹18.52 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,13,02,500
- Shareholding post issue1,57,12,500
IPO Dates
Closing Date
25 Jul, 2024
Initiation of Refunds
29 Jul, 2024
Listing Date
30 Jul, 2024
23 Jul, 2024
Opening Date
26 Jul, 2024
Basis of Allotment
29 Jul, 2024
Credit of Shares
V.L.Infraprojects Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,26,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,26,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,52,000 |
| S-HNI (Max) | - | - | - |
V.L.Infraprojects Limited Promoter Holding
Mr. Rajagopal Reddy Annam Reddy, Mrs. Mydhili Rajagopal Reddy, and Mr. Nageswara Rao Repuri are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 90.91% | - |
V.L.Infraprojects Limited COMPANY INFORMATION
V.L.Infraprojects IPO is a book built issue of Rs 18.52 crores. The issue is entirely a fresh issue of 44.1 lakh shares. V.L.Infraprojects IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the V.L.Infraprojects IPO is expected to be finalized on Friday, July 26, 2024. V.L.Infraprojects IPO will list on NSE SME with tentative listing date fixed as Tuesday, July 30, 2024. V.L.Infraprojects IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the V.L.Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. Refer to V.L.Infraprojects IPO DRHP for detailed information.
V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation.
The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines.
The company is a Class AA approved contractor by the Government of Gujarat, holds a civil/ electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh.
As of September 30, 2023, the company had a total of 25 Employees.
Comprehensive Analysis of VL Infra Ltd IPO
VL Infra Ltd is set to launch its Initial Public Offering (IPO) to fund business expansion, debt repayment, and working capital requirements. This article provides a detailed analysis of the IPO, including the company's background, financial overview, pros, and cons.
Company Background
About VL Infra Ltd
VL Infra Ltd is a key player in the infrastructure sector, specializing in real estate development and construction. With a robust portfolio of completed and ongoing projects, the company has established a strong market presence.
Financial Overview
Key Financial Metrics
- Revenue Growth: Steady increase in revenue over the past few years.
- Profit Margins: Consistent profit margins, indicating efficient operations.
- Return on Investment: Positive return on investment, showcasing the company’s profitability.
IPO Details
Important Dates
- Opening Date: July 23, 2024
- Closing Date: July 25, 2024
Use of Proceeds
The IPO proceeds will be utilized for:
- Business expansion
- Debt repayment
- Working capital enhancement
Listing and Lead Managers
NSE EMERGE Platform
The shares of VL Infra Ltd will be listed on the NSE EMERGE platform, providing investors with an opportunity to participate in the company’s growth.
Lead Managers
Beeline Capital Advisors Private Limited is the Book Running Lead Manager for the IPO, ensuring smooth and efficient management of the issue.
Pros and Cons of Investing in VL Infra Ltd IPO
Pros
- Strong Market Position: Established presence in the infrastructure sector.
- Growth Potential: Consistent revenue and profit growth.
- Strategic Use of Funds: Proceeds to be used for business expansion, debt reduction, and working capital.
- Experienced Management: Led by a team of seasoned professionals.
Cons
- Market Risks: Exposure to market fluctuations and economic cycles.
- High Debt Levels: Current high debt levels pose a risk.
- Regulatory Risks: Potential impact of changes in government policies and regulations.
- Competition: Significant competition from other players in the sector.
Conclusion
Investing in the VL Infra Ltd IPO offers both opportunities and risks. The company's strong market position and growth potential are promising, but investors should consider market, debt, regulatory, and competition risks. Overall, the IPO presents a balanced investment opportunity for those seeking to invest in the infrastructure sector.
FAQs About V.L.Infraprojects Limited Ipo
V.L.Infraprojects Limited IPO will open on 23 Jul, 2024 and close on 25 Jul, 2024. Investors must apply within this period to participate.
The V.L.Infraprojects Limited IPO price band is set between ₹39.00 and ₹42.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹126000.00.
The V.L.Infraprojects Limited IPO shares are expected to be listed on 30 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your V.L.Infraprojects Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The V.L.Infraprojects Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.