VL Infraprojects Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 39 to ₹ 42 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 44,10,000 shares (aggregating up to ₹ 18.52 Cr) |
| Fresh Issue | 44,10,000 shares (aggregating up to ₹ 18.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,13,02,500 |
| Shareholding post issue | 1,57,12,500 |
| Market Maker portion | 2,40,000 shares Spread X Securities |
About VL Infraprojects Limited IPO
VL 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. VL Infraprojects IPO is a book-built issue of Rs 18.52 crores. The issue is entirely a fresh issue of 44.1 lakh shares. VL Infraprojects IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. VL Infraprojects IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 3000 Shares. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the VL Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for VL Infraprojects IPO is Spread X Securities.
VL Infraprojects IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
VL Infraprojects IPO Anchor Investors Details
| Bid Date | July 22, 2024 |
| Shares Offered | 1,248,000 |
| Anchor Portion Size (In Cr.) | 5.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 24, 2024 |
Company & Financials
VL 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.
Objectives of VL Infraprojects IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Working Capital Requirements.
- 2. General Corporate Purposes.
VL Infraprojects IPO Review
The company is engaged in water pipeline and sewerage-related activities and adding irrigation, building and road construction activities. It marked a sharp improvement in its FY24 performance based on higher spending by the state governments. It has pending orders worth Rs. 160 cr. as of March 31, 2024. Based on FY24 earnings, the issue appears lucratively priced. Investors may park funds for medium to long-term rewards.
VL Infraprojects Limited IPO Financial Information
Latest Revenue
11,400.05
₹ Crore
Profit After Tax
614.01
₹ Crore
Net Worth
1,636.01
₹ Crore
Total Borrowing
1,654.81
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 5,691.39 | 11,400.05 | 614.01 | 1,636.01 | 1,654.81 | ||||
| 31 Mar 2023 | 2,836.24 | 4,565.14 | 222.66 | 1,022.00 | 999.02 | ||||
| 31 Mar 2022 | 1,955.40 | 3,560.70 | 110.58 | 730.84 | 1,003.52 | ||||
| 31 Mar 2021 | 1,641.29 | 3,077.57 | 83.37 | 620.26 | 659.41 | ||||
| Amount in ₹ Crore | |||||||||
VL Infraprojects Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.20% |
| ROCE | 39.09% |
| RoNW | 37.53% |
| P/BV | 2.9 |
| PAT Margin (%) | 5.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.43 | 3.91 |
| P/E (x) | 7.73 | 10.75 |
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Competitive Strengths
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VL Infraprojects Limited IPO Timeline
| IPO Open Date | Tuesday, July 23, 2024 |
| IPO Close Date | Thursday, July 25, 2024 |
| Basis of Allotment | Friday, July 26, 2024 |
| Initiation of Refunds | Monday, July 29, 2024 |
| Credit of Shares to Demat | Monday, July 29, 2024 |
| Listing Date | Tuesday, July 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6000 | ₹252,000 |