VVIP Infratech was incorporated on August 10, 2001. The company is a leading infrastructure company in India. It is a class 'A' civil and electrical contractor with 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.
| Bidding Dates |
|---|
| 23 Jul 2024 - 25 Jul 2024 |
| Subscription |
|---|
| 219.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,09,200 | 1 | 1 | 1200 | 6.6 M | ₹91 - ₹93 | 68 % | ₹599.0 M - ₹612.1 M | RHP DOC |
VVIP Infratech IPO SUBSCRIPTION STATUS
25 Jul '24VVIP Infratech IPO overall subscription rate was 219.97 times the total available shares
VVIP Infratech IPO retail subscription rate was 181.73 times in the retail segment
VVIP Infratech IPO non-institutional investor subscription rate was 335.9 times in the non-institutional investor category
VVIP Infratech IPO Qualified Institutional Bidder subscription rate was 168.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Jul 2024 (Day 3) | 181.73x | 335.9x | 168.45x |
24 Jul 2024 (Day 2) | 38.22x | 20.82x | 4.52x |
23 Jul 2024 (Day 1) | 10.25x | 3.71x | 0x |
VVIP Infratech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 210.4 | 2,835.3 | 191.0 | 167.1 | 11.1% |
| FY23 | 117.0 | 2,089.0 | 516.6 | 498.8 | 9.5% |
| FY22 | 31.8 | 1,818.9 | -9.2 | -17.8 | 3.2% |
VVIP Infratech IPO SUBSCRIPTION STATUS DETAILS
VVIP Infratech had 6.6 M shares on offer
VVIP Infratech IPO offer price was in the range ₹91 - ₹93
VVIP Infratech IPO minimum Investment was ₹109200
VVIP Infratech IPO issue size was ₹ 599.0 M - ₹ 612.1 M
VVIP Infratech had a minimum lot size of 1200 Shares per application
VVIP Infratech NUMBER OF SHARES ON OFFER
VVIP Infratech IPO IMPORTANT DATES
| Issue Open Date | 23 Jul 2024 |
| Issue close Date | 25 Jul 2024 |
| Allotment Date | 26 Jul 2024 |
| Refund Date | 29 Jul 2024 |
| Demat Account Credit Date | 29 Jul 2024 |
| Listing Date | 30 Jul 2024 |
| Listing on Exchange(s) | BSE |
| VVIP Infratech Allotment Status | Exchange |
VVIP Infratech IPO subscription opened on 23 Jul 2024, and closed on 25 Jul 2024
IPO allotment for VVIP Infratech was finalized on Friday, 26 Jul 2024
IPO listing for VVIP Infratech was on BSE on Tuesday, 30 Jul 2024
VVIP Infratech IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 176.7 |
| Listing Close Price | 185.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 31.2% |
VVIP Infratech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VVIP Infratech Ltd. | 122 | 304.6 | 10.1 | -0.6 | 0.9 | 13.1 | 3.5 | 349.7 | -6.3 | 30.1 | -16.7 | 12 | -16.7 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
VVIP Infratech INFORMATION ON IPO ISSUE
About VVIP Infratech
VVIP Infratech was incorporated on August 10, 2001. The company is a leading infrastructure company in India. It is a class 'A' civil and electrical contractor with 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.
Object of the Issue
- Capital expenditure
- Working capital requirement
- General corporate purpose
- Issue expense
VVIP Infratech - PROMOTERS
| Name |
|---|
| Praveen Tyagi |
| Vaibhav Tyagi |
| Vibhor Tyagi |
VVIP Infratech Lead Manager of the Issue
Share India Capital Services Private Limited
anand.srivastava@shareindia.co.in
VVIP Infratech Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
VVIP Infratech Strengths
Strong order book
The company has outstanding orders worth Rs 477.6 crore as of January 31, 2024, containing work related to the Implementation of various rural water supply projects including O&M for 10 years
Preferred Company
The company has strong high-quality work, on-time delivery, and competitive pricing. It is among the top preferred companies in India in sewer treatment plants
VVIP Infratech Risks
Certain litigation
The company, its directors, promoters, subsidiaries, and group companies may be involved in certain litigations, currently pending at various stages. Any adverse decisions in these cases may impact the business
Negative cash flows
The company has had negative cash & cash equivalent in the past based on the restated summary information of the company and it may, in the future, experience similar negative cash flows
IPO FAQs
The promoters of the company are Praveen Tyagi, Vaibhav Tyagi and Vibhor Tyagi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 93.0.
The IPO application opens on Jul 23, 2024 and closes on Jul 25, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 109,200.0, the maximum value for this IPO is Rs 111,600.0.
This IPO will be allotted on Jul 26, 2024.
The refund will be credited to your account on Jul 29, 2024.
The allotted shares will be credited to your demat on Jul 29, 2024.
VVIP Infratech Ltd.’s shares listed on the stock exchanges on Jul 30, 2024.