vvip-infratech-ltd-ipo

VVIP Infratech IPO IPO

  • Status: Closed
  • ₹ 109,200 / 1200 shares

    Minimum Investment

IPO Details

  • Open Date

    23 Jul 2024

  • Close Date

    25 Jul 2024

  • IPO Price Range

    ₹ 91

  • IPO Size

    ₹ 59.90 - 61.21 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    30 Jul 2024

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Last Updated: 27 August 2024 5:42 PM by chetan

VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares.

VVIP Infratech IPO bidding started from July 23, 2024 and ended on July 25, 2024. The allotment for VVIP Infratech IPO was finalized on Friday, July 26, 2024. The shares got listed on BSE SME on July 30, 2024.

 

VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.

  • Capital expenditure

  • Working capital requirement

  • Corporate Purpose

  • Issue Expense

VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.

The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.

As of September 30, 2023, the company had a total of 466 employees.

Strengths

  • As of January 31, 2024, the company has outstanding orders worth Rs. 47762 Lakhs for rural water supply projects in Rampur and Farrukhabad, Uttar Pradesh, under the Jal Jeevan Mission under the State Water & Sanitation Mission. These projects include operation and maintenance for 10 years.

  • Strong, high-quality work, timely delivery, and affordable rates

  • Experienced and trained engineers and technicians.

  • As cities expand, there is a greater demand for infrastructure development.

Risks

  • Late payments from consumers can lead to increased costs and lower earnings, negatively hurting its operations and finances.

  • Joint venture projects may be delayed due to causes such as non-performance by partners.

  • There are currently no purchase orders for plant and machinery that will be financed through the Issue.

  • The company's Restated Summary Information indicates that negative cash and cash equivalents were created in the fiscal year 2021. Similar negative cash flows may occur in the future.

  • Many of its commercial agreements, including joint ventures, include measures to control project delays. Fine, penalty, or damages clauses promote prompt completion and resolve potential delays.

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FAQs

The VVIP Infratech IPO opens on July 23, 2024 and closes on July 25, 2024.

VVIP Infratech IPO lot size is 1200 Shares, and the minimum amount required is ₹111,600.

You can apply in VVIP Infratech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. 

The finalization of Basis of Allotment for VVIP Infratech IPO will be done on Friday, July 26, 2024, and the allotted shares will be credited to your demat account by Monday, July 29, 2024. 

The VVIP Infratech IPO listing date is on July 30, 2024.