V.L. Infraprojects Limited SME IPO

Issue Size (Net)
up to ₹ 18.52 Cr

Price Band
₹39.00-42.00 Per Share

Issue Opens
23rd Jul 2024

Issue Closes
25th Jul 2024

About Company – V.L.Infraprojects

V.L.Infraprojects Limited was founded in December 2014. The company is engaged in the execution of water supply and wastewater infrastructure projects mainly involving procurement of pipes and their laying, connection and commissioning with backward integration, including all related civil works such as civil works, pumping stations and installation of electromechanical 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 license for civil and electrical works 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. The company provides design, construction and commissioning services for various government projects, especially in the field of water infrastructure and irrigation.

The company started its operations with water pipeline projects in Gujarat. The company has since expanded its services to all aspects of road construction, irrigation, water infrastructure and environmental projects. The company is present in the states of Madhya Pradesh, Telangana, Maharashtra and Gujarat.

V.L.Infraprojects SME IPO Strengths

  • Experienced promoters and an experienced management team.
  • Focused player in water supply projects (WSP).
  • Constant execution capacity.
  • Optimal use of resources.
  • Long-standing relationships with its clients.

V.L.Infraprojects SME IPO Objective

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements; and
  2. General Corporate Purposes.

V.L. Infraprojects Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets5,691.392,836.241,955.401,641.29
Revenue11,400.054,565.143,560.703,077.57
Profit After Tax614.01222.66110.5883.37
Net Worth1,636.011,022.00730.84620.26
Reserves and Surplus505.76268.50456.84346.26
Total Borrowing1,654.81999.021,003.52659.41
Amount in ₹ Lakhs

V.L. Infraprojects Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
29-07-202442.00₹60 – Down₹102 (142.86%)29-Jul-2024 14:55
28-07-202442.00₹62 – No Change₹104 (147.62%)28-Jul-2024 23:31
27-07-202442.00₹62 – Down₹104 (147.62%)27-Jul-2024 23:23
26-07-2024 Allotment42.00₹65 – Up₹107 (154.76%)26-Jul-2024 23:26
25-07-2024 Close42.00₹62 – Down₹104 (147.62%)25-Jul-2024 23:25
24-07-202442.00₹67 – Up₹109 (159.52%)24-Jul-2024 23:32
23-07-2024 Open42.00₹55 – Up₹97 (130.95%)23-Jul-2024 10:30
22-07-202442.00₹50 – Up₹92 (119.05%)22-Jul-2024 12:29
21-07-202442.00₹40 – No Change₹82 (95.24%)21-Jul-2024 23:25
20-07-202442.00₹40 – No Change₹82 (95.24%)20-Jul-2024 23:24
19-07-202442.00₹40 – No Change₹82 (95.24%)19-Jul-2024 10:57
18-07-202442.00₹40 – Up₹82 (95.24%)18-Jul-2024 23:30
17-07-202442.00₹20 – Up₹62 (47.62%)17-Jul-2024 23:31
16-07-202442.00₹0 – No Change₹42 (0%)16-Jul-2024 23:30

V.L. Infraprojects Limited SME IPO Details

SME IPO Issue Opening Date:23rd Jul 2024
SME IPO Issue Closing Date:25th Jul 2024
SME IPO Issue Price:₹39.00-42.00 Per Share
Face Value₹10 Per Equity Share
Lot Size3000 Shares
Issue Size₹18.52 Cr
Fresh Issue₹18.52 Cr
Issue TypeBook Build Issue
IPO Listing At:NSE SME

V.L. Infraprojects Limited SME IPO Timeline (Tentative Schedule)

EventTentative Date
Opening Date23rd Jul 2024
Closing Date25th Jul 2024
Basis of Allotment Date26th Jul 2024
Refunds Initiation29th Jul 2024
Credit of Shares to Demat29th Jul 2024
SME IPO Listing Date30th Jul 2024

Prospectus File

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