VVIP Infratech IPO Subscription Status

VVIP Infratech IPO - Day-3 Subscription at 236.92 times

As of July 25, 2024, the VVIP Infratech IPO has received bids for 1,03,57,05,600 shares, far surpassing the 43,71,600 shares being offered. It means the IPO is oversubscribed by 236.92 times by the end of the third day. Here are the subscription details for VVIP Infratech IPO as of Day 3:

The IPO saw the most interest from Non-Institutional Investors (NIIs) and High Net Worth Individuals (HNIs), followed by retail investors, and then Qualified Institutional Buyers (QIBs). Usually, QIB and NII/HNI bids increase on the last day, often due to large bids from major investors and corporations. The final subscription figures do not account for the anchor investor portion or the market making segment.

Here are the subscription details for each category.

Data Source: NSE

VVIP Infratech IPO is available for subscription from July 23 to July 25, 2024. Share allotment will be finalized by July 26, and trading is expected to start on the BSE SME platform on July 30, 2024.

For VVIP Infratech IPO price is set between ₹91 - ₹93. Retail investors need to buy at least 1,200 shares, which requires a minimum investment of ₹1,11,600. High Net Worth Individuals (HNIs) must purchase at least two lots, totaling ₹2,23,200.

Share India Capital Services is managing the IPO, while Maashitla Securities is handling the registration. Share India Securities will be the market maker to support trading after the IPO is listed.

VVIP Infratech Limited, originally founded as Vibhor Builders Private Limited in 2001, focuses on civil and electrical contracting. With over 20 years of experience, the company undertakes projects across Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern regions of India. Their projects include sewerage systems, sewage treatment plants, and water infrastructure.

According to the red herring prospectus (RHP), comparable companies include EMS Ltd, with a P/E ratio of 13.92, and Vishnusurya Projects and Infra Ltd, with a P/E ratio of 16.62.

From 31 March 2023, to 31 March 2024, VVIP Infratech profit after tax grew by 52.56% and its revenue increased by 35.77%.
 

VVIP Infratech IPO - Day-2 Subscription at 26.40 times

As of July 24, 2024, the VVIP Infratech IPO received bids for 11,542,200 shares, exceeding the 4,371,600 shares available in the offering. This resulted in an overall subscription rate of 26.40 times by the end of the second day. The subscription details for the VVIP Infratech IPO at the end of Day 2 are as follows:

The IPO subscriptions were primarily driven by retail investors, followed by Non Institutional Investors (NIIs)/ HNIs and then Qualified Institutional Buyers (QIBs). Typically, QIB and NII/HNI subscriptions surge on the final day, with HNI bids often increasing due to large bids from HNIs and corporations. Institutional bids also tend to be concentrated on the last day. Below are the category-wise subscription details.

Data Source: BSE

Investors can subscribe to the VVIP Infratech IPO from July 23 to July 25. The share allotment is expected to be 
finalized by July 26, and the IPO will be listed on BSE SME platform with trading starting on July 30. 
 
The price range for the VVIP Infratech IPO is set between ₹91 and ₹93 per share. Retail investors must buy at 
 
least 1,200 shares requiring a minimum investment of ₹1,11,600. High Net Worth Individuals (HNIs) need to 
buy at least two lots, totaling ₹2,23,200. 
 
Share India Capital Services is the lead manager for the IPO and Maashitla Securities is the registrar. Share India 
Securities will act as the market maker to help facilitate trading after listing. 
 
Founded in 2001 as Vibhor Builders Private Limited, VVIP Infratech Limited specializes in civil and electrical 
contracting. With over 20 years of experience the company handles various projects across Uttar Pradesh, 
Uttarakhand, NCR Delhi and other northern regions of India. Their projects include sewerage systems, sewage 
treatment plants and water infrastructure. 
 
According to the red herring prospectus (RHP), VVIP Infratech Limited's listed peers include EMS Ltd, with a P/E 
ratio of 13.92 and Vishnusurya Projects and Infra Ltd, with a P/E ratio of 16.62. 
 
Between March 31, 2023 and March 31, 2024, VVIP Infratech Limited saw its profit after tax increase by 52.56% 
and its revenue grow by 35.77%.