VVIP Infratech, a leading infrastructure company specializing in civil and electrical construction projects, is launching an IPO with a book-built issue of Rs 61.21 crores. This IPO is entirely a fresh issue of 65.82 lakh shares.
The VVIP Infratech 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 BSE SME on Tuesday, July 30, 2024.
The price band for the VVIP Infratech IPO is set between ₹91 and ₹93 per share. Investors can apply for a minimum lot size of 1200 shares, requiring a minimum investment of ₹111,600 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots (2,400 shares), amounting to ₹223,200.
Share India Capital Services Private Limited is the book-running lead manager for the VVIP Infratech IPO, while Maashitla Securities Private Limited is the registrar for the issue.
VVIP Infratech IPO Details:
| Company Name | VVIP Infratech |
| Sector | Civil and Electrical Construction |
| IPO Type | SME |
| IPO Open date | 23rd July 2024 |
| IPO Close date | 25th July 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
VVIP Infratech IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,11,600 |
| HNI (Min) | 2 | 2400 | 2,23,200 |
VVIP Infratech IPO Timeline:
| 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 VVIP Infratech’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Civil and Electrical Construction 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 VVIP Infratech 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.
