Virtual Galaxy Infotech IPO - Day 4 Subscription at 105.99 Times

Virtual Galaxy Infotech's initial public offering (IPO) has shown extraordinary progress through its four-day subscription period. The ₹93.29 crore IPO has witnessed overwhelming demand, with subscription rates opening at 0.69 times on day one, increasing to 4.52 times on day two, surging to 24.79 times on day three, and reaching an exceptional 105.99 times by 1:24:59 PM on the final day, demonstrating remarkable investor enthusiasm for this IT services and consulting firm that specialiszes in delivering 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.

Virtual Galaxy Infotech IPO non-institutional investors segment leads with an extraordinary 235.31 times subscription, while retail investors show tremendous interest at 83.49 times and qualified institutional buyers demonstrate solid participation at 47.01 times, reflecting broad-based investor confidence in this company that has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses.

Subscription Status of Virtual Galaxy Infotech IPO:

Here are the subscription details for Virtual Galaxy Infotech IPO as of Day 4 (May 14, 2025, 1:24:59 PM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 4

• Overall subscription reaching extraordinary 105.99 times, showing exceptional investor enthusiasm
• NII segment showing unprecedented demand at 235.31 times, more than six times day three's 37.61 times
• Retail investors demonstrating tremendous interest at 83.49 times, more than double day three's 31.34 times
• QIB segment showing significant growth to 47.01 times, up from 3.40 times on previous day
• Total applications reaching 2,01,539, indicating widespread investor participation
• Cumulative bid amount reaching an impressive ₹6,612.95 crores, more than 70 times the issue size
• All investor categories showing substantial oversubscription, reflecting broad-based confidence
• Final day subscription figures among the highest seen in recent SME IPOs

Virtual Galaxy Infotech IPO - Day 3 Subscription at 24.79 Times

Key Highlights:

• Overall subscription surging to 24.79 times, showing more than five-fold growth from day two
• NII segment showing extraordinary demand at 37.61 times, more than seven times day two's 4.97 times
• Retail investors showing strong enthusiasm at 31.34 times, more than five times day two's 5.94 times
• QIB segment showing improved interest at 3.40 times, up from 1.67 times on day two
• Day three momentum indicating exceptional investor confidence across multiple categories
• Market response highlighting strong belief in IT services and consulting sectors
• Technology expertise attracting significant investor attention
• Third day setting stage for potentially record-breaking final day subscription levels

Virtual Galaxy Infotech IPO - Day 2 Subscription at 4.52 Times

Key Highlights:

• Overall subscription rising to 4.52 times, showing more than six-fold growth from day one
• NII segment showing increased demand at 4.97 times, significantly higher than day one's 0.39 times
• Retail investors showing improved interest at 5.94 times, much higher than day one's 0.27 times
• QIB segment maintaining steady interest at 1.67 times, unchanged from day one
• Second day momentum indicating growing investor confidence
• Market response reflecting positive assessment of IT services sector opportunity
• Banking and finance software solutions expertise drawing increased investor interest
• Second day showing strong momentum for subsequent days

Virtual Galaxy Infotech IPO - Day 1 Subscription at 0.69 Times

Key Highlights:

• Overall subscription opening at 0.69 times, showing first-day interest
• QIB segment beginning impressively at 1.67 times, indicating strong institutional investor confidence
• NII segment showing initial interest at 0.39 times, reflecting early high net-worth investor participation
• Retail investors showing initial interest at 0.27 times
• Opening day demonstrating investor engagement across categories
• Initial momentum reflecting assessment of IT services and consulting sector opportunity
• Banking software solutions expertise drawing initial investor interest
• First day setting subscription baseline suggesting potential for increased subscription in coming days

About Virtual Galaxy Infotech Limited

Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India. 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.

Financial performance shows strong growth with revenue increasing from ₹43.44 crores in FY2022 to ₹63.58 crores in FY2024, while profit after tax rose significantly from ₹0.40 crores to ₹16.54 crores during the same period. For the nine months ended December 2024, the company reported revenue of ₹101.37 crores with PAT of ₹27.42 crores. With 329 permanent employees as of December 2024, the company maintains strong profitability metrics with 53.52% ROE, 31.68% ROCE, and 39.95% RONW, while operating with minimal debt as reflected in its debt-to-equity ratio of 0.93.

Highlights of the Virtual Galaxy IPO:

• IPO type: Book Building IPO
• IPO size: ₹93.29 crores
• Fresh Issue: 65.70 lakh shares
• Face value: ₹10 per share
• Issue price: ₹142 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,42,000
• Minimum investment for HNI: ₹2,84,000 (2 lots)
• Market maker reservation: 3,36,000 shares
• Anchor portion: 18,40,000 shares (₹26.13 crores raised)
• Listing at: NSE SME
• IPO opens: May 9, 2025
• IPO closes: May 14, 2025
• Allotment date: May 15, 2025
• Listing date: May 19, 2025