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Virtual Galaxy Infotech Ltd.

IT - Software

IPO Details
  • Issue Type Book building
  • Price range Rs.135-142
  • Market Lot 1000
  • Total Equity Shares 4730000
  • Face Value Rs. 10
  • Listing Date May 19, 2025
IPO Timeline
Opening date May 09, 2025
Closing date May 14, 2025
Listing Date May 19, 2025

IPO Details

Our Company is a SaaS product focused company engaged in providing core banking software solution, IT solutions,ERP implementation and customized software solutions development, IT services for the BFSI, ERP, and E-Governancedomains. We are primarily involved in the development, customization, installation, and implementation of softwareapplications, along with comprehensive post-implementation support, monitoring, and maintenance services for thedelivered solutions. To provide a seamless experience to our clients, we offer a range of essential allied services, ensuringthat all software needs are met under one roof. Our wide range of offerings covers services including consultation,architecture, solution design, implementation, monitoring and managed services.

Projects

1. Project Name: Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra

Project Cost: 342.683

2. Project Name: Repayment/ prepayment of certain borrowings availed by our Company

Project Cost: 30

3. Project Name: Investment in procuring GPU, server & storage system at Data Centre

Project Cost: 50.5

4. Project Name: Funding of expenditure related to enhancement, maintenance and upgrading existing products

Project Cost: 189

5. Project Name: Funding for business development and marketing activities and

Project Cost: 140.6

6. Project Name: General corporate purposes

Project Cost: 60.55

Promoters

Prmoters Name

1. Avinash Narayanrao Shende

2. Sachin Purushottam Pande

Prmoters Holdings
  • Pre Share Capital: 16094204
  • Pre Promoter Holding: 87.95
  • Offer to Public: 4730000
  • Post Share Capital: 16094204
  • Post Promoter Holding: 64.72

Registrar

Data not availble

Lead Managers

  • Smart Horizon Capital Advisors Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3255
Total Equity 4730000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 161367000
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 35945000
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 125422000
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 561091000
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 31391000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 522892000
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 6808000
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 294867000
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 164480000
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 130387000
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 1017325000
Total 0.00