Vishnusurya Projects and Infra is set to launch an IPO which will open on September 29, 2023, and close on October 05, 2023. Through this public offer company wants to raise Rs. 49.98 Crore from the primary market, Company fixed the price band of Rs. 68 with a minimum lot of 2000 shares, and list on October 13, according to the preliminary papers filed to the capital market regulator SEBI.
About Vishnusurya Projects and Infra Company
Vishnusurya Projects and Infra is engaged in the mining of rough stones and the manufacturing of aggregates & manufacture sand by using crushing plants and sand washing plants, also engaged in buying, selling, and providing integrated solutions for drones as a service for surveillance.
In the fiscal year 2023, the company generated Rs. 133.26 Crore in revenue from operations, and Rs. 96.03 crore in the year 2022.
Check out the IPO allotment status on IPO Deliver.
Vishnusurya Projects and Infra IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Working capital requirement of the company.
- Pre-payment/repayment in part or full of certain outstanding borrowings.
- General corporate purposes and offer expenses.
Vishnusurya Projects and Infra Strength
- Focus on infrastructure project
- Visible Growth
- Experienced promoter & management team
- Strong financial performance
Vishnusurya Projects and Infra Risk Factor
Inability to comply with the change in regulations
Vishnusurya Projects and Infra IPO Review & Rating
| Issue Size (Rs.) | 49.98 crore |
| Issue Price (Rs.) | 68 per share |
| Minimum Lot Size | 2000 shares |
| Market Capitalization (Rs.) | 167.33 crore |
| Total Profit (March 2023) (Rs.) | 16.58 crore |
| RoCE (%) | 27.86% |
| Debt/Equity ratio | 1.03 |
| NAV (Rs.) | 61.95 per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | Medium to Long term |
Vishnusurya Projects and Infra IPO Dates, Price Band & Details
Vishnusurya Projects and Infra IPO will open on September 29, 2023, and close on October 05, 2023. The IPO list on October 13, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 49.98 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | September 29, 2023 |
| IPO Close Date | October 05, 2023 |
| IPO Allotment Date | October 10, 2023 |
| Refund Date | October 11, 2023 |
| Share Credit Date | October 12, 2023 |
| Listing Date | October 13, 2023 |
Vishnusurya Projects and Infra IPO Offer
Vishnusurya Projects and Infra IPO total issue size is 7,350,000 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 7,350,000 | 49.98 Crore |
| Offer for Sale (OFS) | – | – |
Vishnusurya Projects and Infra Financials Review (Lakhs)
The following table sets forth the summary of financial information (standalone) of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 13,326.06 | 9,603.62 | 6,339.33 |
| Net Worth | 5,952.39 | 4,155.88 | 3,573.72 |
| Profit | 1,658.10 | 785.27 | 403.39 |
| Total Borrowings | 3,625.24 | 3,489.49 | 1,472.32 |
Vishnusurya Projects and Infra IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 25.30 | 24.95 | 12.62 |
| RoNW (%) | 27.86 | 18.98 | 11.20 |
| NAV (Rs.) | 65.53 | 99.41 | – |
Vishnusurya Projects and Infra IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Rachna Infra | 1.22 | 2.51 | 48.50 |
| Sonu Infra | 3.65 | 12.19 | 28.58 |
Vishnusurya Projects and Infra Company Promoters
As per the DRHP and RHP, the company has one Promoter.
| Serial No. | Name |
| 01. | Bhawani Jayaprakash |
Vishnusurya Projects and Infra Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 88.74 |
| Post- Issue | 62.24 |
Vishnusurya Projects and Infra IPO Reservation
Vishnusurya Projects and Infra IPO total reservation of 7,350,000 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| Others- Not more than 50% of the offer size | 3,490,000 |
| RII- Not more than 50% of the offer size | 3,490,000 |
| Market Makers Reservation | 3,70,000 |
Vishnusurya Projects and Infra IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 2000 Shares and a maximum of 1 lots of 2000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 2,000 | 1,36,000 |
| Retail Maximum | 1 | 2,000 | 1,36,000 |
Vishnusurya Projects and Infra IPO – Prospectus
An investor can download/view the Vishnusurya Projects and Infra Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Vishnusurya Projects and Infra IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Vishnusurya Projects and Infra IPO Registrar
Cameo Corporate Services Limited
Tel: +91 -4440020741
E-Mail: priya@cameroindia.com
Website: www.ameroindia.com
Vishnusurya Projects and Infra IPO lead manager
Khandwala Securities Limited
Tel No.: +91 2240767373
E-Mail: ipo@kslindia.com
Website: www.kslindia.com
Vishnusurya Projects and Infra IPO Application (How to Apply for an IPO)
There are primary four options for applying a Vishnusurya Projects and Infra IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Vishnusurya Projects and Infra Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Vishnusurya Projects and Infra Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Vishnusurya Projects and Infra Company Details
Vishnusurya Projects and Infra Limited (1996)
Registered Office: 2nd Floor, Qbas, Temple Tower No. 76/25, North Mada Street, Mylapore, Chennai-600004, Tamil Nadu
Tel: +91-442495 0019
Email: cs@vishnusurya.com
Website: www.vishnusurya.com
Investor Grievances/Compliance Officer: V S Ravikumar
Vishnusurya Projects and Infra Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Vishnusurya Projects and Infra Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Bhawani Jayaprakash |
| 02. | A.C. Thangam |
Vishnusurya Projects and Infra IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Vishnusurya Projects and Infra IPO?
Ans: Vishnusurya Projects and Infra brings its SME IPO of Rs. 49.68 crore, on September 29, 2023, with a price band of Rs. 68 per share.
Q-1 what is Vishnusurya Projects and Infra IPO Open date?
Ans: Vishnusurya Projects and Infra IPO opening date is September 29, 2023.
Q-2 what is Vishnusurya Projects and Infra IPO Close date?
Ans: Vishnusurya Projects and Infra IPO closing date is October 05, 2023.
Q-3 What is Vishnusurya Projects and Infra IPO Listing date?
Ans: Vishnusurya Projects and Infra IPO listing date is October 13, 2023.
Q-4 What is Vishnusurya Projects and Infra IPO Minimum investment amount?
Ans: Vishnusurya Projects and Infra IPO minimum investment amount is Rs. 1,36,000.
Q-5 What is Vishnusurya Projects and Infra IPO offer issue Size?
Ans: Vishnusurya Projects and Infra offer an issue size of Rs. 49.98 Crores.
Q-6 What is Vishnusurya Projects and Infra IPO Price Band?
Ans: Vishnusurya Projects and Infra IPO price band is Rs 68 per share.
Q-7 Is Vishnusurya Projects and Infra IPO mainboard IPO or SME IPO?
Ans: Vishnusurya Projects and Infra IPO is the SME IPO.