VL Infraprojects IPO
#1. Quick Intro to VL Infraprojects IPO
The initial public offering (IPO) of VL Infraprojects will open for subscription on July 23 and close on July 25, comprising fresh issues of Rs.18.52 crore. An investor can apply for the issue for a minimum of 3000 shares and the listing will happen on July 30, 2024.
VL Infraprojects Limited (2014) is engaged in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations and installation of electro-mechanical equipment’s (pumping machinery) for distribution of water supply from the river to household. The company also provides operations & maintenance services for water distribution pipelines
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of VL Infraprojects
The company intends to use the IPO Funds for the following purposes:
- Funding for the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. VL Infraprojects Core Strengths
- Holistic business model
- A technology focus business model
- Asset-light and scaleable business model
- Diverse distribution network spread across PAN India
- Experienced promoters and management team
#4. VL Infraprojects IPO Review & Rating
| Issue Size | Rs.18.52 crore |
| Issue Price | Rs.39-42 per share |
| Minimum Lot Size | 3000 Shares |
| Total Profit (Latest) | Rs.614.01 lakhs |
| ROE (%) | 46.20 |
| RONW (%) | 39.09 |
| Listing on | NSE BSE |
| IPO Deliver Rating | Two |
#5. VL Infraprojects IPO Dates, Price Band & Details
VL Infraprojects IPO will open on July 23, 2024, and close on July 25, 2024. The IPO is to be listed on July 30, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.18.52 crore |
| Price Brand | Rs.39-42 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | July 22, 2024 |
| IPO Close Date | July 24, 2024 |
| IPO Allotment Date | July 26, 2024 |
| Refund Date | July 29, 2024 |
| Share Credit Date | July 29, 2024 |
| Listing Date | July 30, 2024 |
#6. VL Infraprojects IPO Offer Details
VL Infraprojects IPO’s total issue size is 44,10,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 44,10,000 | Rs.18.52 |
| Offer for Sale (OFS) | – | – |
#7. VL Infraprojects Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category (Rs.) | March 2024 | March 2023 | March 2022 |
| Total Revenue | 11400.05 | 4565.14 | 3560.70 |
| Net Worth | 1636.01 | 1022.00 | 730.84 |
| Profit | 614.01 | 222.66 | 110.58 |
| Total Borrowings | 1654.81 | 999.02 | 1003.52 |
#8. VL Infraprojects Quantitative Factors
The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.
| Category | March 2024 | March 2023 | March 2022 |
| EPS (Rs.) | 5.43 | 2.10 | 10.04 |
| RoNW (%) | 37.53 | 21.79 | 15.13 |
| NAV (Rs.) | 14.47 | 9.04 | 6.88 |
#9. VL Infraprojects Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV |
| EMS Ltd. | 71936.17 | 19.11 | 151.29 |
| – | – | – | – |
#10. VL Infraprojects Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Raja Gopal Reddy Annam Redyy |
| 02. | Mydhili Rajagopal Reddy |
| 03. | Nageshwara Rao Repuri |
#11. VL Infraprojects Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 90.91 |
| Post-issue | 65.39 |
#12. VL Infraprojects IPO Reservation Details
VL Infraprojects IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the net offer |
#13. VL Infraprojects IPO – Lot Size
An investor can apply for a minimum of 3000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 3000 | 1,26,000 |
| Retail (Max.) | 1 | 3000 | 1,26,000 |
| HNI (Min.) | 2 | 6000 | 2,52,000 |
#14. VL Infraprojects IPO – Prospectus Copy
An investor can download/view the VI Infraprojects prospectus copy, which the company filed to exchange, details are as follows.
| VL Infraprojects IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. VL Infraprojects IPO Registrar
Skyline Services Private Limited
Website: www.skylinerta.com
#16. VL Infraprojects IPO Lead Managers
Beeline Capital Advisors Private Limited
Website; www.beelinemb.com
#17. VL Infraprojects IPO Application (How to Apply for an IPO)
There are three primary options for applying for a VL Infraprojects 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 “VL Infraprojects 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 until the allotment date, and after that, 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 “VL Infraprojects 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 be debited from your account or refunded if 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 be debited from your bank account or refunded if no allotment is made to you.
#18. VL Infraprojects Company Details
VL Infraprojects Limited
Registered Office: Office at 716, Shivalik Satyamev, Near Vakilsaheb Bridge Bopal, Ahmedabad- 380058, Gujarat, India
Email: cs@vlil.in
Website: www.vlil.in
#19. VL Infraprojects Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. VL Infraprojects Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Raja Gopal Reddy Annam Redyy |
| 02. | Mydhili Rajagopal Reddy |
VL Infraprojects IPO – Frequently Asked Questions (FAQs)
| #1. What is a VL Infraprojects IPO?
VI Infraprojects brings its IPO of Rs.18.52 crore, on July 23, 2024, with a price band of Rs.39-42 per share. |
| #2. What is the VL Infraprojects IPO Open date?
VL Infraprojects IPO’s opening date is July 23, 2024. |
| #3. What is the VL Infraprojects IPO Close Date?
VL Infraprojects IPO’s closing date is July 25, 2024. |
| #4. What is the VL Infraprojects IPO Listing date?
VL Infraprojects’s IPO listing date is July 30, 2024. |
| #5. What is the VL Infraprojects IPO Minimum investment amount?
VL Infraprojects IPO’s minimum investment amount is Rs.1,26,000. |
| #6. What is the VL Infraprojects IPO offer issue Size?
VL Infraprojects offers an issue size of Rs.18.52 crore. |
| #7. What is the VL Infraprojects IPO Price Band?
V L Infraprojects’s IPO price band is Rs.39-42 per share. |
| #8. Is VL Infraprojects IPO mainboard IPO or SME IPO?
VL Infraprojects IPO is an SME IPO. |
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