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Virtual Galaxy Infotech IPO
102.87xsubscribed

Virtual Galaxy Infotech IPO

IT - Software
listed
₹1.35LMin. investment

Virtual Galaxy Infotech Limited IPO Details

SectorIT - Software
Price range₹135 – ₹142
IPO type
SME
Lot size1000 shares
Issue size₹93Cr
Red Herring Prospectus
Read
Market cap
₹353.13CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹63.5CrLower than sector avg
Growth rate3Y CAGR
13.60%Higher than sector avg

Virtual Galaxy Infotech IPO Subscription Status

Date
QIB
NII
Retail
Total
09-May-25
1.67 times (X)
0.0 times (X)
0.26 times (X)
0.6 times (X)
12-May-25
1.67X
0.0X
5.83X
3.39X
13-May-25
3.4X
0.0X
31.01X
16.49X
14-May-25
129.72X
0.0X
132.1X
102.87X

As on 09-May-25, 5:30 PM

Virtual Galaxy Infotech IPO Timeline

  1. Pre-apply
    8 May 2025
  2. Bid start
    9 May 2025
  3. Bid end
    14 May 2025
  4. Allotment
    15 May 2025
  5. Release of funds
    16 May 2025
  6. Demat transfer
    16 May 2025
  7. Listing
    19 May 2025

About Virtual Galaxy Infotech Limited

Virtual Galaxy Infotech, founded in 1997 in Nagpur, is a SaaS-focused company providing core banking software, ERP implementation, customised software development, and IT services across BFSI, ERP, and E-Governance domains. The company is led by Avinash Narayanrao Shende and Sachin Purushottam Pande. Its flagship product, E-Banker, serves banks, NBFCs, and cooperative societies through both on-premises and SaaS delivery models. The company offers end-to-end services including consultation, solution design, implementation, and maintenance through license and subscription-based models.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Virtual Galaxy Infotech Limited IPO

Capital expenditure
36.70%
The company will put ₹34.26 cr towards additional development facility in Nagpur
Expenditure on manpower hiring
20.20%
₹18.90 crore allocated for manpower to maintain and upgrade existing products.
Business expansion
15.00%
The company will utilise ₹14.06 cr to fund business development and marketing activities
Capital expenditure towards IT upgradation
5.40%
The company will use ₹5.05 cr to procure GPU, server & storage system at the data centre.
Repayment or prepayment of borrowings
3.20%
The company will use ₹3.00 cr to repay or prepay some of its outstanding borrowings

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹63.5Cr13.60%₹16.53Cr₹353.13Cr14.170.94
This sector (avg.)₹2,461.47Cr0.05%₹373.09Cr₹14,720.51Cr148.010.31
₹2,55,324Cr---₹48,797Cr₹11,30,254Cr23.690.10
₹1,62,990Cr---₹26,750Cr₹6,63,897.8Cr24.310.09
₹1,17,055Cr---₹17,399Cr₹4,58,746.3Cr27.940.09

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Virtual Galaxy Infotech IPO Contact Details

Company NameVirtual Galaxy Infotech Limited

How to apply for Virtual Galaxy Infotech IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Virtual Galaxy Infotech Limited IPO FAQs