VVIP Infratech Limited IPO

VVIP Infratech Limited IPO

  • IPO Date23 Jul, 2024 to 25 Jul, 2024
  • Listing Date30 Jul, 2024
  • Face Value₹10 per share
  • Issue Price₹91 to ₹93 per share
  • Lot Size1200 Shares
  • Minimum Investment₹1,11,600
  • Listing AtNSE SME
  • Total Issue Size65,82,000 Shares
    (aggregating up to ₹61.21 Cr)
  • Fresh Issue65,82,000 Shares
    (aggregating up to ₹61.21 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue1,83,87,700
  • Shareholding post issue2,49,69,700
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

UPI Mandate Expiry Date:25 Jul, 2024

VVIP Infratech Limited Lot Size

Investors can bid for a minimum of 1200 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.

ApplicationLotsSharesAmount
Retail (Min)11200₹1,11,600
B-HNI (Min)---
Retail (Max)11200₹1,11,600
S-HNI (Max)---
S-HNI (Min)22400₹2,23,200

VVIP Infratech Limited Promoter Holding

Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi are the company's promoters.

Pre Issue Share HoldingPost Issue Share Holding
92.34%-

VVIP Infratech Limited COMPANY INFORMATION

VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares. VVIP Infratech IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the VVIP Infratech IPO is expected to be finalized on Friday, July 26, 2024. VVIP Infratech IPO will list on BSE SME with tentative listing date fixed as Tuesday, July 30, 2024. VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200. Share India Capital Services Private Limited is the book running lead manager of the VVIP Infratech IPO, while Maashitla Securities Private Limited is the registrar for the issue. Refer to VVIP Infratech IPO DRHP for detailed information.

VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.

The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.

As of September 30, 2023, the company had a total of 466 employees.

Overview VVIP Infratech Limited IPO

The Draft Red Herring Prospectus provides insights into the upcoming 100% Book Built Issue of VVIP Infratech Limited. It includes details about the company, promoters, issue size, offer for sale, and general risks associated with investments in equity and equity-related securities.

Pros VVIP Infratech Limited IPO

  1. Detailed Financial Analysis: The document offers a comprehensive discussion of the company's financial conditions and results of operations, providing investors with valuable insights 
  2. Regulatory Compliance: The prospectus emphasizes adherence to SEBI regulations, ensuring transparency and compliance with legal requirements 
  3. Underwriting Agreement: The company has entered into an underwriting agreement, which can provide a sense of security to potential investors
  4. Listing Approval: VVIP Infratech Limited has obtained in-principle approval from BSE Limited for the listing of equity shares on the SME Platform of BSE
  5. Expert Opinion: The inclusion of expert opinions, particularly regarding possible tax benefits, adds credibility to the prospectus.

Cons VVIP Infratech Limited IPO

  1. SEBI Disclaimer: The document explicitly states that submission of the draft offer document to SEBI does not imply clearance or approval by SEBI, potentially raising concerns among investors.
  2. Restrictions on Equity Shares: Applicants are restricted from selling or transferring equity shares without complying with registration requirements and applicable laws, which may limit liquidity for investors.
  3. Withdrawal of the Issue: The prospectus mentions the possibility of withdrawal of the issue, which could lead to uncertainty for potential investors.
  4. Application Money Repayment: The requirement to repay application money within a specific timeframe, failing which the company and its officers become liable, may pose a risk to investors.

Analysis of VVIP Infratech Limited IPO

The Draft Red Herring Prospectus for VVIP Infratech Limited's upcoming 100% Book Built Issue provides a comprehensive overview of the company's financials, regulatory compliance, and potential risks and benefits for investors.

Conclusion

The Draft Red Herring Prospectus for VVIP Infratech Limited's IPO provides a comprehensive overview of the company's financials, regulatory compliance, and potential risks and benefits for investors. While it offers detailed insights into the company's operations and financial standing, potential investors should carefully consider the risks and consult with financial advisors before making investment decisions.

FAQs About Vvip Infratech Limited Ipo

VVIP Infratech Limited IPO will open on 23 Jul, 2024 and close on 25 Jul, 2024. Investors must apply within this period to participate.

The VVIP Infratech Limited IPO price band is set between ₹91.00 and ₹93.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹111600.00.

The VVIP Infratech Limited IPO shares are expected to be listed on 30 Jul, 2024, subject to regulatory approvals and final allotment.

You can track your VVIP Infratech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The VVIP Infratech Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.