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10 Oct 2024
VL Infraprojects Limited IPO
VL Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation. The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household.
The company also provides operation and maintenance services for water pipelines. VL Infraprojects IPO is a book-built issue of Rs 18.52 crores. The issue is entirely a fresh issue of 44.1 lakh shares. VL Infraprojects IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. VL Infraprojects IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 3000 Shares. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the VL Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for VL Infraprojects IPO is Spread X Securities.
VL Infraprojects IPO Overview
| Detail | Description |
|---|---|
| IPO Date | July 23, 2024 to July 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹39 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,410,000 shares (aggregating up to ₹18.52 Cr) |
| Fresh Issue | 4,410,000 shares (aggregating up to ₹18.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,302,500 |
| Shareholding post issue | 15,712,500 | Market Maker portion | 240,000 shares Spread X Securities |
VL Infraprojects IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, July 23, 2024 |
| IPO Close Date | Thursday, July 25, 2024 |
| Basis of Allotment | Friday, July 26, 2024 |
| Initiation of Refunds | Monday, July 29, 2024 |
| Credit of Shares to Demat | Monday, July 29, 2024 |
| Listing Date | Tuesday, July 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2024 |
VL Infraprojects IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
VL Infraprojects IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
VL Infraprojects IPO Promoter Holding
| Share Holding Pre Issue | 90.91% |
| Share Holding Post Issue | 65.39% |
VL Infraprojects IPO Anchor Investors Details
| Bid Date | July 22, 2024 |
| Shares Offered | 1,248,000 |
| Anchor Portion Size (In Cr.) | 5.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 24, 2024 |
Company & Financials
VL Infraprojects Limited was founded in 2014 and offers the planning, construction and commissioning of various government projects, especially in the field of water infrastructure and irrigation. The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations and installation of electro-mechanical 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 civil/ electrical contractor license 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.
VL Infraprojects Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.20% |
| ROCE | 39.09% |
| RoNW | 37.53% |
| P/BV | 2.9 |
| PAT Margin (%) | 5.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.43 | 3.91 |
| P/E (x) | 7.73 | 10.75 |
Objectives of VL Infraprojects IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 1. To Meet Working Capital Requirements.
- 2. General Corporate Purposes.
VL Infraprojects IPO Review
The company is engaged in water pipeline and sewerage-related activities and adding irrigation, building and road construction activities. It marked a sharp improvement in its FY24 performance based on higher spending by the state governments. It has pending orders worth Rs. 160 cr. as of March 31, 2024. Based on FY24 earnings, the issue appears lucratively priced. Investors may park funds for medium to long-term rewards.
FAQs for VL Infraprojects IPO
-
What is VL Infraprojects IPO?
VL Infraprojects IPO is an NSE SME IPO. They are going to raise ₹18.52 Crores via IPO. The issue is priced at ₹39 to ₹42 per equity share. The IPO is to be listed on NSE.
-
When will VL Infraprojects IPO open?
The IPO is to open on July 23, 2024 for QIB, NII, and Retail Investors.
-
What is VL Infraprojects IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is VL Infraprojects IPO Size?
VL Infraprojects IPO size is ₹18.52 crores.
-
What is the VL Infraprojects IPO Price Band?
VL Infraprojects IPO Price Band is ₹39 to ₹42 per equity share.
-
What is VL Infraprojects IPO Minimum and Maximum Lot Size?
The IPO bid is 3000 shares with ₹126,000.
-
What is the VL Infraprojects IPO Allotment Date?
VL Infraprojects IPO allotment date is July 26, 2024.
-
What is VL Infraprojects IPO Listing Date?
VL Infraprojects IPO listing date is July 30, 2024. The IPO to list on NSE SME.
RHP:
RHP of VL Infraprojects Limited IPO
DRHP:
DRHP of VL Infraprojects Limited IPO
-
What is VL Infraprojects IPO?
VL Infraprojects IPO is an NSE SME IPO. They are going to raise ₹18.52 Crores via IPO. The issue is priced at ₹39 to ₹42 per equity share. The IPO is to be listed on NSE.
-
When will VL Infraprojects IPO open?
The IPO is to open on July 23, 2024 for QIB, NII, and Retail Investors.
-
What is VL Infraprojects IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is VL Infraprojects IPO Size?
VL Infraprojects IPO size is ₹18.52 crores.
-
What is the VL Infraprojects IPO Price Band?
VL Infraprojects IPO Price Band is ₹39 to ₹42 per equity share.
-
What is VL Infraprojects IPO Minimum and Maximum Lot Size?
The IPO bid is 3000 shares with ₹126,000.
-
What is the VL Infraprojects IPO Allotment Date?
VL Infraprojects IPO allotment date is July 26, 2024.
-
What is VL Infraprojects IPO Listing Date?
VL Infraprojects IPO listing date is July 30, 2024. The IPO to list on NSE SME.
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