Virtual Galaxy Infotech IPO Allotment Status

Virtual Galaxy Infotech Limited, incorporated in September 1997, is an IT services and consulting firm based in Nagpur, Maharashtra, India. The Virtual Galaxy IPO comes with a total issue size of ₹93.29 crore, comprising entirely a fresh issue of 65.70 lakh shares. The IPO opened on May 9, 2025, and closed on May 14, 2025. The allotment date for the Virtual Galaxy Infotech IPO is expected to be finalized on Thursday, May 15, 2025.

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Steps to Check Virtual Galaxy Infotech IPO Allotment Status on Registrar Site

• Visit Maashitla Securities Private Limited website
• Select "Virtual Galaxy Infotech IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Virtual Galaxy Infotech IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Virtual Galaxy Infotech IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Virtual Galaxy Infotech IPO Subscription Status

Virtual Galaxy Infotech IPO received overwhelming investor interest, being subscribed 231.45 times overall. Here is a category-wise breakdown of the subscription as of 6:44:59 PM on May 14, 2025:

• Retail Category: 134.03 times
• Qualified Institutional Buyers (QIB): 129.72 times
• Non-Institutional Investors (NII): 590.27 times

Utilization of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Capital Expenditure: Towards setting up additional development facility in Nagpur, Maharashtra
• Debt Repayment: Repayment/prepayment of certain borrowings availed by the Company
• Technology Investment: Investment in procuring GPU, server & storage system at Data Centre
• Product Enhancement: Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring
• Marketing: Funding for business development and marketing activities
• General Corporate Purposes: Supporting various business initiatives

Business Overview

VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses. Their flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions. Virtual Galaxy Infotech serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi, with a team of 329 employees as of December 31, 2024.