Virtual Galaxy Infotech IPO will open on May 9, 2025, and close on May 14, 2025. Virtual Galaxy Infotech, incorporated in 1997, is a SaaS (Software as a Service) company that offers core banking software products, IT, and ERP solutions to different industries such as BFSI, education, corporate, and government institutions. Let’s get into the Virtual Galaxy Infotech IPO details, including its dates, price band, financial performance, peer analysis, and risk factors.
Virtual Galaxy Infotech IPO Date
The key pointers for the Virtual Galaxy Infotech IPO dates are:
- Bidding Opening Date: May 9, 2025
- Bidding Closing Date: May 14, 2025
- Basis of Allotment Date: May 15, 2025
- Initiation of Refunds (in case of less or no allotment): May 16, 2025
- Shares Credited to Your Demat Account: May 16, 2025
- IPO Listing Date: May 19, 2025
- Listing on Exchange: NSE SME
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Virtual Galaxy Infotech Pvt Ltd: IPO Issue Size
Virtual Galaxy Infotech IPO valuation (issue amount) is set at around ₹93 crores with only a fresh issue component.
Here are the important Virtual Galaxy Infotech IPO details:
- Virtual Galaxy Infotech IPO Price Band: ₹135 – ₹142 per share
- Face Value: ₹10 per share
- Lot Size: 1,000 Shares
- Issue Size and Amount: 65,70,000 shares (amounting to ₹93.29 crores)
- Fresh Issue Size and Amount: 65,70,000 shares (amounting to ₹93.29 crores)
Virtual Galaxy Infotech IPO Proceeds Usage
Virtual Galaxy Infotech Pvt Ltd IPO proceeds will be used for the following purposes:
- Capital Expenditure: To set up another development facility in Nagpur, Maharashtra.
- Loan Repayment: For repayment or pre-payment of loans taken by the company.
- Product Procurement: To procure GPU (Graphics Processing Unit), server, and storage system at the Data Centre.
- Maintenance Spend: To fund the expenditure on maintenance and modernization of existing products through extra staff hiring.
- Business Development: To deploy funds towards business development, marketing initiatives, and other corporate purposes.
Virtual Galaxy Infotech IPO Reservations
Virtual Galaxy Infotech IPO reservations to different investors are:
- For QIBs: Not more than 50% of the net issue
- For NIIs: Not less than 15% of the net issue
- For Retail Investors: Not less than 35% of the net issue
- Virtual Galaxy Infotech IPO Shareholder Quota: There is no shareholder quota provision for this IPO.
Virtual Galaxy Infotech IPO Lot Size
Virtual Galaxy Infotech IPO lot size is 1,000 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply for in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| HNI (Min) | 2 | 2,000 | ₹2,84,000 |
Virtual Galaxy Infotech IPO Details: Promoter Holding
The current promoters of Virtual Galaxy Infotech Pvt Ltd are:
- Avinash Narayanrao Shende
- Sachin Purushottam Pande
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Virtual Galaxy Infotech IPO: Company Overview
Virtual Galaxy Infotech Pvt Ltd is an IT services company that operates in three verticals: Software Development, Software Integration, and Data Centre Services. The company is involved in the business of development, customization, and implementation of software applications, along with monitoring and after-sales services.
The company has 26 years of experience and has more than 300 employees providing software solutions and support to diverse industries. It earns revenue from the software products sales, annual technical support and maintenance charges, license subscription fees, and hardware product sales.
Its flagship core banking solution, “E-Banker,” is a web-based and centralized regulatory compliance solution for banks. The product portfolio also includes IBS-ERP (an ERP solution for MSME businesses), e-APMC (an e-governance software for agricultural committees and government institutions), and V-Pay (an enterprise digital payment solution).
Virtual Galaxy Infotech Pvt Ltd IPO: Financial Performance
Virtual Galaxy Infotech Pvt Ltd’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|
| Revenue | 63.58 | 59.76 | 6% |
| Profit After Tax | 16.54 | 0.72 | 2197% |
| EBITDA | 31.36 | 11.93 | 163% |
| EBITDA Margin (%) | 49.38% | 19.99% | 29.39% |
| Net Worth | 41.40 | 20.40 | 103% |
| Total Borrowing | 38.64 | 38.85 | -1% |
| Assets | 116.93 | 84.36 | 39% |
| Cash Flow from Operations | 32.79 | 8.16 | 302% |
- In FY24, Virtual Galaxy Infotech Pvt Ltd revenue grew by 6% YoY to ₹63.58 crores, while PAT rose by a whopping 2197% to ₹16.54 crores.
- EBITDA grew by 163% YoY to ₹31.36 crores, signifying its healthy operating performance.
- EBITDA Margin also rose to 49.38% in FY24 from 19.99% in the previous financial year.
- In FY24, assets increased by 39% YoY, while borrowings decreased by 1% YoY.
- The net cash flow from operating activities was positive and increased to ₹32.79 crores.
Virtual Galaxy Infotech Pvt Ltd IPO: Peer Analysis
Here is the financial performance of Virtual Galaxy Infotech Pvt Ltd in comparison to its peers:
- Virtual Galaxy Infotech Pvt Ltd has the second-best EPS (Earnings per Share) amongst peers.
- The PAT margin is more than 26%, which highlights its strong financial health.
- Virtual Galaxy Infotech has the second-best ROE and third-best ROCE in the industry in FY24.
- The debt-to-equity ratio is below 1, highlighting that the company’s reliance on debt is certainly lower.
Virtual Galaxy Infotech IPO Risk Factors
Virtual Galaxy Infotech Pvt Ltd is exposed to various risk factors that can eventually affect its business and investors’ perception:
- The major share of revenue is generated from the Core Banking software (E-Banker). The loss of client base of this product can impact the operations and profitability of the company.
- The order book is concentrated towards banks, government, and corporate clients, making the company exposed to bid losing risk.
- Around 90% of the revenue is derived from the customers located in Maharashtra, and regional disruption could hamper the business.
- Approximately 93% of revenues are generated from the BFSI clients, and sectoral slowdown can impact the company’s financial performance.
- The company had made a negative cash flow from investing activities, which can affect its future growth prospects and new investments.
Virtual Galaxy Infotech IPO Details: Contact Details
Here are details of the registered address and registrar name of Virtual Galaxy Infotech Pvt Ltd:
- Registered Office Address: 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road, Nagpur, Maharashtra, India, 440015
- Email: investors@vgipl.in
- Company Website: http://www.vgipl.com/
- Registrar: Maashitla Securities Private Limited
- Book Running Lead Manager: Smart Horizon Capital Advisors Private Limited
For all the insights on Virtual Galaxy Infotech IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening free demat account now.
Frequently Asked Questions – FAQs
1. Who is the CEO of Virtual Galaxy Infotech Pvt Ltd?
Mr. Sachin Purushottam Pande is the co-founder, Managing Director (MD), and CEO of Virtual Galaxy Infotech Pvt Ltd.
2. What is the revenue of Virtual Galaxy Infotech?
Virtual Galaxy Infotech Pvt Ltd has earned the revenue of ₹101.25 crores from operations in the nine months of FY25.
3. When will Virtual Galaxy Infotech be listed?
Virtual Galaxy Infotech IPO is going to list on the NSE SME bourse on May 19, 2025 (Monday).
Reference:
https://www.vgipl.com/documents/RHP-%20Virtual%20Galaxy%20Infotech%20Limited.pdf
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
