Virtual Galaxy Infotech Ltd

Virtual Galaxy Infotech Ltd IPO

IPO Price Range: ₹135 - 142

Our Company is a SaaS product focused company engaged in providing Core Banking Software Solution, IT Solutions, ERP Implementation and Customized Software Solutions Development, IT services for the BFSI, ERP, and EGovernance domains. We are primarily involved in the development, customization, installation, and implementation of software applications, along with comprehensive post-implementation support, monitoring, and maintenance services for the delivered solutions. To provide a seamless experience to our clients, we offer a range of essential allied services, ensuring that all software needs are met under one roof. Our wide array of offerings covers the entire lifecycle of services, including consultation, architecture, solution design, implementation, monitoring, and managed services.

Min Investment

₹1,42,000

IPO Size

₹93 Cr

IPO Status

Live

Quantity in 1 Lot

1000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Virtual Galaxy Infotech Ltd

upcoming
Open Date9 May 2025
Close Date14 May 2025
Allotment Date15 May 2025
Listing Date19 May 2025

Key Statistics

Bid Opening DateBid Opening Date9 May 2025
Bid Closing DateBid Closing Date14 May 2025
Allotment DateAllotment Date15 May 2025
Issue SizeIssue Size₹93.29Cr
Quantity in 1 lotQuantity in 1 lot1000

Strengths and Risks of Virtual Galaxy Infotech Ltd IPO

Strengths

Strengths

  • One stop solution provider.

  • Diversified business across several verticals.

  • Diversified revenue streams.

  • Recurring and non-recurring, repeat revenues from long standing customer relationships.

  • Experienced promoters and senior management team with strong industry expertise and successful track record.

  • Growing our business through intellectual property capabilities.

  • Quality assurance and quality certification.


Risks

Risks

  • Substantial portion of its revenues has been dependent upon the company Core Banking software i.e. E-Banker. The loss of any one or more of its major clients would have a material effect on the company business operations and profitability.

  • The company depends on orders from the banks, government and private sector clients for majority of its revenue, which may expose it to risk. Additionally, the loss of or inability to qualify for such orders may adversely affect its business, financial condition, results of operations and prospects.

  • The company derives a significant portion of its revenue from customers located in Maharashtra. Any adverse developments in the region could adversely affect its business, results of operations, cash flows and financial condition.

  • The company revenues are dependent on clients concentrated in the BFSI segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.

  • Most projects the company operates have been awarded primarily through a competitive bidding process and its financial performance is largely dependent on the company successful bidding for new projects. Its may not always be able to qualify for, compete and win projects. If the company is not able to successfully bid for newprojects, it may adversely affect its business operations and financial conditions.

  • The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

  • Significant disruptions in its information technology systems or breaches of data security could affect its business and reputation.

  • The company is dependent on its ability to customize software products as per the demands and requirements of the customer based on latest technology. If the company is not able to enhance current portfolio in response to evolving industry requirements, its operating results may be negatively affected.

  • The company has not yet placed orders for the GPU, server & storage system at Data Centre, which its propose to finance from the Net Proceeds. In the event of any delay in placing such orders, or in the event the vendors are not able to provide the equipments in a timely manner, or at all, it may result in time and cost overruns and its business, prospects and results of operations may be adversely affected.

  • Its may faces several risks associated with the proposed expansion of the company development facility at Mihan SEZ, Nagpur, which could hamper its growth, prospects, cash flows and business and financial condition.

Promoters Holding

Investors Holdings %
Avinash Narayanrao Shende40.69%
Sachin Purushottam Pande40.69%
Shilpa Avinash Shende3.28%
Sampada Sachon Pande3.28%
Sameer Pramod Salpekar0.01%

Frequently Asked Questions of Virtual Galaxy Infotech Ltd IPO

  • What is the size of the Virtual Galaxy Infotech Ltd IPO?

    The size of the Virtual Galaxy Infotech Ltd IPO is ₹93.29Cr .

  • What is 'pre-apply' for Virtual Galaxy Infotech Ltd IPO?

    'Pre-apply' for Virtual Galaxy Infotech Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Virtual Galaxy Infotech Ltd IPO order be placed?

    Your Virtual Galaxy Infotech Ltd IPO order will be placed on 9 May 2025.

  • What are the open and close dates of the Virtual Galaxy Infotech Ltd IPO?

    The open and close dates of the Virtual Galaxy Infotech Ltd IPO are 9 May 2025 to 14 May 2025.

  • What is the lot size and minimum order quantity of the Virtual Galaxy Infotech Ltd IPO?

    The lot size and minimum order quantity of the Virtual Galaxy Infotech Ltd IPO are 1000 and 1000 respectively.

  • What would be the listing gains on the Virtual Galaxy Infotech Ltd IPO?

    The potential listing gains on the Virtual Galaxy Infotech Ltd IPO will depend on various market factors and cannot be predicted with certainty.