VVIP Infratech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 91 to ₹ 93 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 65,82,000 shares (aggregating up to ₹ 61.21 Cr) |
| Fresh Issue | 65,82,000 shares (aggregating up to ₹ 61.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,83,87,700 |
| Shareholding post issue | 2,49,69,700 |
| Market Maker portion | 3,38,400 shares |
About VVIP Infratech Limited IPO
VVIP Infratech is a leading infrastructure company in India. They are Class “A” Civil and Electrical contractor with over two decades of experience in the field of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution and Sub Stations up to 33 kVA, Jal Jeevan Mission work etc. The Company is known for its high-quality work, on-time delivery and competitive pricing.
It has a team of experienced and qualified engineers and technicians committed to providing its clients with the best possible services. 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. VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. 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.
VVIP Infratech 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 |
Company & Financials
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 Jeevan Mission etc. They are among the top preferred companies in India for STPs and are one of the few companies to have constructed two 56 MLD STPs using Sequential Batch Reactor (SBR) technology in the year 2013. They are primarily working on projects in Uttar Pradesh, Uttarakhand, NCR Delhi and other northern parts of India. The Company is a rapidly growing company with a strong focus on innovation and quality. It is well-positioned to play a leading role in the development of India’s infrastructure sector, particularly in the area of STPs.
Objectives of VVIP Infratech IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Capital Expenditure
- 2. Working Capital Requirement
- 3. General Corporate Purpose
- 4. Issue Expense
VVIP Infratech IPO Review
The company is engaged in infrastructure activities with a major focus on STP-related services. It posted growth in its top and bottom lines for the reported periods and has an order book worth Rs. 477+ cr. as of March 31, 2024. Based on FY24 super earnings the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for the medium term.
VVIP Infratech Limited IPO Financial Information
Latest Revenue
12,196.82
₹ Crore
Profit After Tax
1,226.77
₹ Crore
Net Worth
6,671.40
₹ Crore
Total Borrowing
3,525.78
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 26,480.02 | 12,196.82 | 1,226.77 | 6,671.40 | 3,525.78 | ||||
| 31 Mar 2023 | 24,158.58 | 21,056.28 | 1,357.66 | 5,758.20 | 3,047.66 | ||||
| 31 Mar 2022 | 26,624.58 | 18,526.04 | 452.96 | 4,823.89 | 2,285.50 | ||||
| 31 Mar 2021 | 29,172.85 | 12,761.34 | -18.71 | 4,178.30 | 3,361.24 | ||||
| Amount in ₹ Crore | |||||||||
VVIP Infratech Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.36% |
| ROCE | 19.00% |
| Debt/Equity | 0.4 |
| RoNW | 18.73% |
| P/BV | 0.87 |
| PAT Margin (%) | 7.31 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.26 | 8.29 |
| P/E (x) | 8.26 | 11.21 |
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Competitive Strengths
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VVIP Infratech 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 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2,400 | ₹223,200 |