Virtual Galaxy Infotech IPO Date, Review, Price, Allotment Details
Amaan Khan | April, 2025
Virtual Galaxy Infotech is gearing up for its IPO, with the window to invest opening and closing sometime in 2025. Being a “book-built” issue means the final share price will be determined by investor demand, but it’s expected to be in the range of ₹[.] to ₹[.] per share. The company aims to raise approximately ₹[.] crores through this offering, which includes both the issuance of new shares (around ₹[.] crores) and an opportunity for some existing shareholders to sell their stake (up to [.] shares).
When it comes to who gets the shares, there are specific quotas: 35% is reserved for retail investors like you and me, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The shares are anticipated to start trading on the National Stock Exchange (NSE) in 2025, and if you apply, you can expect to find out about your allotment also in 2025.
Looking at their recent financial performance, Virtual Galaxy Infotech has shown positive growth. Their revenue increased from ₹58.56 crore in 2023 to ₹61.52 crores in 2024. More impressively, their profit saw a significant surge from ₹4.79 crores in 2023 to ₹22.6 crores in 2024. Based on these financials, the general outlook suggests that this IPO might be most appealing to those with a long-term investment horizon. As always, remember to conduct your own thorough research before making any investment decisions.
![Virtual Galaxy Infotech is gearing up for its IPO, with the window to invest opening and closing sometime in 2025. Being a "book-built" issue means the final share price will be determined by investor demand, but it's expected to be in the range of ₹[.] to ₹[.] per share. The company aims to raise approximately ₹[.] crores through this offering, which includes both the issuance of new shares (around ₹[.] crores) and an opportunity for some existing shareholders to sell their stake (up to [.] shares).](https://moneygrowths.com/wp-content/uploads/2025/04/Your-paragraph-text-300x300.png)
LOT SIZE
The Virtual Galaxy Infotech IPO minimum market lot is [.] shares with ₹[.] application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 1 | – | ₹- |
| S-HNI Minimum | 2 | – | ₹- |
Key Performance Indicator (KPI)
Check Virtual Galaxy Infotech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE: | 49.72% |
| ROCE: | 30.53% |
| EBITDA Margin: | 50.38% |
| PAT Margin: | 26.52% |
| Debt to equity ratio: | 0.94 |
| Earning Per Share (EPS): | ₹9.88 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 49.72% |
| Net Asset Value (NAV): | ₹37.22 |
IPO Details
| IPO Open Date: | 2025 |
|---|---|
| IPO Close Date: | 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Important Dates
The Virtual Galaxy Infotech IPO date is 2025 and the close date is 2025. The Virtual Galaxy Infotech IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
|---|---|
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
Wagons Learning IPO Company Financial Report
The company reported revenue of ₹61.52 crores in 2024 against ₹58.56 crore in 2023. The company reported profit of ₹22.6 crores in 2024 against Profit of ₹4.79 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹42.73 | ₹39.70 | ₹3.04 | ₹69.29 |
| 2023 | ₹58.56 | ₹53.77 | ₹4.79 | ₹87.16 |
| 2024 | ₹61.52 | ₹38.93 | ₹22.6 | ₹115.88 |
| Jun-24 | ₹71.63 | ₹44.59 | ₹27.04 | ₹134.57 |
Peer Group companies comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Veefin Solutions Limited | 2.74 | 198.07 | 6.95 | 52.7 | – Cr. |
| Network People Services Technologies Limited | 13.78 | 201.57 | 62.04 | 29.67 | – Cr. |
| Trust Fintech Limited | 7.13 | 25.53 | 52.7 | 25.71 | – Cr. |
About Promoters & Company
The promoters of the company are Avinash Narayanrao Shende and Sachin Purushottam Pande.
Virtual Galaxy Infotech Limited, established in September 1997, has become a significant name in the IT services and consulting industry. They’re deeply involved in providing modern SaaS products alongside a diverse range of services. This includes creating banking software for financial institutions, offering general IT solutions, setting up ERP systems for businesses, and developing custom software tailored to specific needs. Their main clients come from the Banking, Financial Services, and Insurance (BFSI) sectors, as well as organizations needing ERP and E-Governance solutions. Their core focus is on the entire process of software applications – from initial development and customization to installation and implementation.
Beyond just getting the software up and running, Virtual Galaxy also emphasizes ongoing support through maintenance services, ensuring smooth and uninterrupted performance for their clients. Their service portfolio is comprehensive, covering everything from initial consultation and system architecture to solution design, implementation, continuous monitoring, and fully managed services. Over the years, they’ve built a strong presence by delivering advanced technology solutions to over 5000 bank branches and various businesses. As of now, their team comprises more than 300 dedicated professionals.
Objectives of IPO
- Building a new tech hub in Nagpur, Maharashtra: They’re planning to spend some of the money to create a new development center there.
- Paying off some existing loans: The company wants to use a portion of the funds to reduce or completely pay off some of the money they’ve already borrowed.
- Boosting their data center with powerful tech: They’re looking to invest in things like GPUs (graphics processing units), servers, and storage systems for their data center.
- Making their current products even better: Some of the funds will go towards improving, maintaining, and upgrading the software and services they already offer.
- Getting the word out and growing the business: They’re planning to use some of the money for business development and marketing activities.
- General company needs: The rest of the money will be used for the usual day-to-day running and growth of the company.
Virtual Galaxy Infotech IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
Company Address
Virtual Galaxy Infotech Limited
3, Central Excise Colony
Behind Mahatme Eye Bank, Chhatrapati Sq.,
Ring Road
Phone: +91 9226531342
Email: investors@vgipl.in
Website: https://www.vgipl.com/
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