VVIP Infratech IPO: VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.
VVIP Infratech is a major civil and electrical contractor having 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 Jeewan Mission work, etc.
They are primarily working on projects in the state of Uttar Pradesh, Uttarakhand, NCR Delhi and other northern parts of India. They are among the top preferred companies in India for STPs.
The market for sewage and wastewater treatment in India is still evolving. Only about 50-60% of the wastewater generated in the country gets treated, presenting a gap in demand and supply. India’s power generation witnessed its highest growth rate in over 30 years in FY23. In a growing infrastructure industry, major players like VVIP Infratech may see expansion in the coming years. VVIP Infratech IPO GMP
As of September 30, 2023, the company had a total of 466 employees.
VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024. The allotment for the VVIP Infratech IPO is anticipated to be completed on Friday, July 26, 2024. The IPO will be listed on the BSE and SME, with a tentative listing date set for Tuesday, July 30, 2024.
The price band for the VVIP Infratech IPO is set at Rs 91 to Rs 93 per share. The IPO is a book-built issue of Rs 61.21 crores, entirely a fresh issue of 65.82 Lakhs shares.
VVIP Infratech IPO Details
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | TBA |
| Face Value | ₹10 per share |
| Price | ₹91 to ₹93 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Fresh Issue | 6,582,000 shares (aggregating up to ₹61.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre-issue | 18,387,700 |
| Shareholding post-issue | 24,969,700 |
| Market Maker portion | 338,400 shares |
VVIP Infratech IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹111,600 |
| Retail (Max) | 1 | 1200 | ₹111,600 |
| HNI (Min) | 2 | 2400 | ₹223,200 |
VVIP Infratech IPO – Date Schedule
| IPO Open Date | 23 July 2024 |
| IPO Close Date | 25 July 2024 |
| Credit of Shares to Demat Account | 26 July 2024 |
| Initiation of Refund | 29 July 2024 |
| Credit of Shares to Demat Account | 29 July 2024 |
| IPO Listing Date | 30 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2024 |
VVIP Infratech IPO Objectives
The objectives of the Issue are:
- Capital Expenditure
- General Corporate Purpose.
- Working Capital Requirement
- Issue Expense
Competitive Strengths
- Strong order book of projects across India;
- Strong high-quality work, on-time delivery, and competitive pricing;
- Experienced and qualified engineers and technicians;
- Track record of operating and financial performance and growth;
Company Promoters
- Mr. Praveen Tyagi
- Mr. Vaibhav Tyagi
- Mr. Vibhor Tyagi
About VVIP Infratech Limited
VVIP Infratech Ltd, incorporated in 2001, is a “Class-A” civil and electrical contractor specializing in focused infrastructure projects, including sewer treatment plants, water facilities, roads, and electrification. With over two decades of experience, the company primarily operates in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. VVIP Infratech has executed a variety of projects such as sewerage systems, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution, and substations up to 33 kVA, as well as initiatives under the Jal Jeevan Mission. As of September 30, 2023, the company employs a total of 466 people. VVIP Infratech IPO GMP
VVIP Infratech Limited Financial Information
VVIP Infratech Limited’s revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% between the financial year ending with March 31, 2024 and March 31, 2023.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 127.61 | 127.64 | -0.18 | 33.61 |
| 31 March 2022 | 185.26 | 179.37 | 4.52 | 22.85 |
| 31 March 2023 | 210.56 | 192.77 | 13.57 | 30.47 |
| 30 September 2023 | 121.96 | 105.16 | 12.26 | 35.25 |
Amount in ₹ Crore
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 |
VVIP Infratech IPO Review (May apply)
[Dilip Davda] The company is engaged in infrastructure activities with major focus on STP related services. It posted growth in its top and bottom lines for the reported periods and has 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 medium term.
Company Contact Information
| VVIP Infratech Limited Fifth Floor, VVIP Style, Nh-58 Raj Nagar Extension, Ghaziabad – 201017 Phone: +91 9990060123 Email: cs@vvipinfra.com Website: http://www.vvipinfra.com/ |
VVIP Infratech IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: Investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
FAQs Related to VVIP Infratech
What is VVIP Infratech IPO?
VVIP Infratech IPO is a SME IPO. The issue is priced at ₹91 to ₹93 per equity share. The IPO is to be listed on BSE SME.
When VVIP Infratech IPO will open?
The IPO is to open on 23 July 2024 for QIB, NII, and Retail Investors.
What is VVIP Infratech IPO Investors Portion?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to Apply the VVIP Infratech IPO?
You can apply VVIP Infratech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the VVIP Infratech IPO through Angle One?
Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “VVIP Infratech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the VVIP Infratech IPO through 5 Paisa?
Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “VVIP Infratech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the VVIP Infratech IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “VVIP Infratech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the VVIP Infratech IPO through IIFL?
Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “VVIP Infratech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
What is VVIP Infratech IPO Size?
VVIP Infratech IPO size is ₹61.21 Crore.
What is VVIP Infratech IPO Price Band?
VVIP Infratech IPO Price Band is ₹91 to ₹93.
What is VVIP Infratech IPO Minimum and Maximum Lot Size for retail?
The minimum bid is 1200 Shares with ₹1,11,600 amount while the maximum bid is 1200 Shares with ₹1,11,600.
What is the VVIP Infratech IPO Allotment Date?
VVIP Infratech IPO allotment date is 26 July 2024.
What is the VVIP Infratech IPO Listing Date?
VVIP Infratech IPO listing date is 30 July 2024. The IPO is to be listed on BSE SME.
Conclusion
The VVIP Infratech IPO presents an intriguing investment opportunity with its strong focus on infrastructure projects and impressive financial growth. With a price band set at Rs 91 to Rs 93 per share and a total issue size of Rs 61.21 crores, the IPO aims to support the company’s capital expenditure, working capital, and general corporate purposes. Scheduled to list on the BSE SME on July 30, 2024, this IPO offers investors a chance to be part of a company with a robust track record in civil and electrical contracting across Northern India.
