VL Infraprojects IPO is set to launch on July 23, 2024, and close on July 25, 2024. This NSE SME IPO aims to raise ₹18.52 crores. The price band is between ₹39 to ₹42 per equity share, with a minimum market lot of 3000 shares. The current GMP is ₹38.
VL Infraprojects IPO Review
VL Infraprojects Limited, established in 2014, specializes in water infrastructure and irrigation projects. The company handles planning, construction, and commissioning of government projects, including water supply and wastewater infrastructure. Their services extend to operation and maintenance of water pipelines.
Key Details of VL Infraprojects IPO
- IPO Open Date: July 23, 2024
- IPO Close Date: July 25, 2024
- IPO Size: Approx ₹18.52 Crores, 4,410,000 Equity Shares
- Price Band: ₹39 to ₹42 Per Equity Share
- Listing on: NSE SME
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- NII Quota: 15% of the net offer
Market Lot Details
The minimum market lot for the VL Infraprojects IPO is 3000 shares, amounting to ₹126,000.
Important Dates
- IPO Open Date: July 23, 2024
- IPO Close Date: July 25, 2024
- Basis of Allotment: July 26, 2024
- Refunds: July 29, 2024
- Credit to Demat Account: July 29, 2024
- IPO Listing Date: July 30, 2024
How to Apply for VL Infraprojects IPO
You can apply for the VL Infraprojects through ASBA available in your bank account. Alternatively, you can download the IPO forms via the NSE website and submit them through your bank or broker.
Financial Performance
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
|---|---|---|---|
| 2021 | 30.78 | 29.59 | 0.83 |
| 2022 | 35.61 | 34.06 | 1.11 |
| 2023 | 45.65 | 42.56 | 2.23 |
| Sept 2023 | 51.27 | 46.93 | 3.13 |
Valuation for FY2023
- Earning Per Share (EPS): ₹2.10 per Equity Share
- Price/Earning (P/E) Ratio: 2.10
- Return on Net Worth (RoNW): 21.79%
- Net Asset Value (NAV): ₹9.04 per Equity Share
Peer Group Comparison
The company’s peers include EMS Limited.
Company Promoters
- Mr. Rajagopal Reddy Annam Reddy
- Mrs. Mydhili Rajagopal Reddy
- Mr. Nageswara Rao Repuri
Registrar for VL Infraprojects IPO
Skyline Financial Services Private Ltd
- Phone: 02228511022
- Email: ipo@skylinerta.com
- Website: Skyline IPO
Company Address
VL Infraprojects Limited
- Office at 716, Shivalik Satyamev, Near Vakil Saheb Bridge Bopal, Ahmedabad- 380058
- Phone: +91 9998850177
- Email: cs@vlil.in
- Website: VL Infraprojects
FAQs VL Infraprojects IPO
- What is VL Infraprojects?
- VL Infraprojects IPO is an NSE SME IPO raising ₹18.52 Crores.
- When does VL Infraprojects open?
- The IPO opens on July 23, 2024.
- What is the price band for VL Infraprojects?
- The price band is ₹39 to ₹42 per equity share.
- How to apply for VL Infraprojects?
- You can apply via ASBA online through your bank account or UPI through stock brokers.
- What is the listing date for VL Infraprojects?
- The IPO will list on July 30, 2024, on NSE SME.
VL Infraprojects is poised for growth with its specialized services and strong financial performance. Investors can consider this IPO for its promising potential.