V.L.Infraprojects, a company specializing in the design, construction, and commissioning of various government projects, particularly in water infrastructure and irrigation, is launching an IPO with a book-built issue of Rs 18.52 crores. This IPO is entirely a fresh issue of 44.1 lakh shares.
The V.L.Infraprojects IPO will be open for subscription from July 23, 2024, to July 25, 2024. The allotment is expected to be finalized on Friday, July 26, 2024, with the shares listing on NSE SME on Tuesday, July 30, 2024.
The price band for the V.L.Infraprojects IPO is set between ₹39 and ₹42 per share. Investors can apply for a minimum lot size of 3000 shares, requiring a minimum investment of ₹126,000 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots (6,000 shares), amounting to ₹252,000.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for the V.L.Infraprojects IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
V.L.Infraprojects IPO Details:
| Company Name | V.L.Infraprojects |
| Sector | Infrastructure |
| IPO Type | SME |
| IPO Open date | 23rd July 2024 |
| IPO Close date | 25th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
V.L.Infraprojects IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,26,000 |
| HNI (Min) | 2 | 6000 | 2,52,000 |
V.L.Infraprojects IPOTimeline:
| IPO Open Date | 23rd July 2024 |
| IPO Close Date | 25th July 2024 |
| Basis of Allotment | 26th July 2024 |
| Refund Initiation Date | 29th July 2024 |
| Shares Credit to Demat | 29th July 2024 |
| Listing Date | 30th July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review V.L.Infraprojects’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s nfrastructure industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in V.L.Infraprojects and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
