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:
- To Meet Working Capital Requirements; and
- General Corporate Purposes.
V.L. Infraprojects Limited Financial Information (Restated Consolidated)
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 5,691.39 | 2,836.24 | 1,955.40 | 1,641.29 |
Revenue | 11,400.05 | 4,565.14 | 3,560.70 | 3,077.57 |
Profit After Tax | 614.01 | 222.66 | 110.58 | 83.37 |
Net Worth | 1,636.01 | 1,022.00 | 730.84 | 620.26 |
Reserves and Surplus | 505.76 | 268.50 | 456.84 | 346.26 |
Total Borrowing | 1,654.81 | 999.02 | 1,003.52 | 659.41 |
Amount in ₹ Lakhs |
V.L. Infraprojects Limited Day-wise IPO GMP Trend
GMP Date | IPO Price | GMP Movement | Estimated Listing Price | Last Updated |
---|---|---|---|---|
29-07-2024 | 42.00 | ₹60 – Down | ₹102 (142.86%) | 29-Jul-2024 14:55 |
28-07-2024 | 42.00 | ₹62 – No Change | ₹104 (147.62%) | 28-Jul-2024 23:31 |
27-07-2024 | 42.00 | ₹62 – Down | ₹104 (147.62%) | 27-Jul-2024 23:23 |
26-07-2024 Allotment | 42.00 | ₹65 – Up | ₹107 (154.76%) | 26-Jul-2024 23:26 |
25-07-2024 Close | 42.00 | ₹62 – Down | ₹104 (147.62%) | 25-Jul-2024 23:25 |
24-07-2024 | 42.00 | ₹67 – Up | ₹109 (159.52%) | 24-Jul-2024 23:32 |
23-07-2024 Open | 42.00 | ₹55 – Up | ₹97 (130.95%) | 23-Jul-2024 10:30 |
22-07-2024 | 42.00 | ₹50 – Up | ₹92 (119.05%) | 22-Jul-2024 12:29 |
21-07-2024 | 42.00 | ₹40 – No Change | ₹82 (95.24%) | 21-Jul-2024 23:25 |
20-07-2024 | 42.00 | ₹40 – No Change | ₹82 (95.24%) | 20-Jul-2024 23:24 |
19-07-2024 | 42.00 | ₹40 – No Change | ₹82 (95.24%) | 19-Jul-2024 10:57 |
18-07-2024 | 42.00 | ₹40 – Up | ₹82 (95.24%) | 18-Jul-2024 23:30 |
17-07-2024 | 42.00 | ₹20 – Up | ₹62 (47.62%) | 17-Jul-2024 23:31 |
16-07-2024 | 42.00 | ₹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 Size | 3000 Shares |
Issue Size | ₹18.52 Cr |
Fresh Issue | ₹18.52 Cr |
Issue Type | Book Build Issue |
IPO Listing At: | NSE SME |
V.L. Infraprojects Limited SME IPO Timeline (Tentative Schedule)
Event | Tentative Date |
---|---|
Opening Date | 23rd Jul 2024 |
Closing Date | 25th Jul 2024 |
Basis of Allotment Date | 26th Jul 2024 |
Refunds Initiation | 29th Jul 2024 |
Credit of Shares to Demat | 29th Jul 2024 |
SME IPO Listing Date | 30th Jul 2024 |