VVIP Infratech IPO: Key Details on Issue Size, Price Band, GMP, and More

VVIP Infratech's SME IPO aims to raise Rs 61.21 crore by offering 65.82 lakh shares at a price band of Rs 91-93 each. With a revenue of Rs 216 crore and a profit of Rs 17.78 crore, the IPO is managed by Share India Capital and Maashtila Securities. The grey market premium (GMP) is Rs 50. Key dates include the allotment on July 26 and listing on July 30.

Key Points About VVIP Infratech IPO:

1. IPO Size

The IPO consists of a fresh issue of 65.82 lakh shares, aiming to raise Rs 61.21 crore.

2. Price Band

Shares are offered at Rs 91-93 each, with investors able to bid in lots of 1200 shares.

3. GMP

In the unlisted market, shares are trading at a GMP of Rs 50, suggesting a listing gain of around 54%.

4. Company Profile

VVIP Infratech is a Class A civil and electrical contractor involved in infrastructure projects such as sewer and water treatment plants, electrical distribution, and substations up to 33 KVA.

5. Industry Overview

The Indian water and wastewater treatment market is projected to grow from $0.92 billion in 2023 to $1.54 billion by 2028, with a CAGR of 10.78%.

6. Financial Performance

For the year ending March 2024, the company reported revenues of Rs 216 crore and a net profit of Rs 17.78 crore.

7. Use of Proceeds

Funds will be used for working capital, capital expenditure, and general corporate purposes.

8. Lead Managers and Registrar

Share India Capital is the lead manager, and Maashtila Securities is the registrar.

9. Issue Structure

The offer is divided into 50% for QIB investors, 35% for retail investors, and 15% for non-institutional investors.

10. Important Dates

The IPO opened on July 23 and will close on July 25, with the allotment likely on July 26 and listing on July 30.

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