VVIP Infratech IPO: BSE SME issue booked 220 times on the last day; check key details

VVIP Infratech IPO (VVIP Infratech Ltd) subscription closed with a robust demand on the final day of bidding on July 25, as the public issue was booked 220 times.

The infrastructure company’s initial public offer closed with a subscription of 219.97 times. VVIP Infratech IPO received bids for 103.6 crore shares against the 43.71 lakh shares offered for subscription.

VVIP Infratech IPO was subscribed 335.9 times in the Non-Institutional Investors (NIIs) category. The NIIs placed bids for over 42.84 crore shares of VVIP Infratech compared to the 9.37 lakh shares reserved for the category.

VVIP Infratech IPO was subscribed 181.73 times in the retail category with bids for over 39.73 crore shares against the 21.86 shares set aside for the segment.

The Qualified Institutional Buyers (QIBs) placed applications for over 21.02 crore shares compared to the 12.48 lakh shares reserved for the category. The mainboard issue was subscribed 168.45 times in the QIBs category.

VVIP Infratech IPO issue size, price band, lot size and other details

VVIP Infratech IPO was a book-building issue worth ₹61.21 crore. The public offer consisted of an entirely fresh issue of 65.82 lakh shares.

VVIP Infratech IPO price band was fixed at ₹91 to ₹93 per share. The minimum lot size for applying for the public issue was fixed as 1 lot comprising 1,200 shares, aggregating to an investment of ₹1,11,600.

VVIP Infratech IPO share allotment status and listing date

VVIP Infratech IPO saw strong demand on the final day of subscription. The SME issue was open for subscription from July 23 to July 25. VVIP Infratech IPO share allotment status is likely to be finalised by Friday, July 26. Refunds will be initiated for unsuccessful bidders on July 29 and shares will be transferred to the Demat accounts of successful bidders the same day.

Shares of VVIP Infratech are likely to be listed on the BSE SME platform on July 30.

About VVIP Infratech IPO

VVIP Infratech Limited was established in 2001. The infrastructure company is a Class' A' civil and electrical contractor working on projects in Uttar Pradesh, Uttarakhand, Delhi-NCR, and other parts of northern India.