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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Synopsis

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.

Objectives

Capital expenditure
Working capital requirement
Corporate Purpose
Issue Expense

Introduction to VVIP Infratech IPO

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.

VVIP Infratech IPO IPO SWOT Analysis

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.