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Virtual Galaxy IPO

  • Status: Closed
  • RHP:
  • ₹ 135,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    19 May 2025

  • Listing Price

    ₹ 180.00

  • Listing Change

    26.76%

  • Last Traded Price

    ₹ 169.95

IPO Details

  • Open Date

    09 May 2025

  • Close Date

    14 May 2025

  • Listing Date

    19 May 2025

  • IPO Price Range

    ₹ 135 to ₹ 142

  • IPO Size

    ₹ 93.29 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Virtual Galaxy IPO Subscription Status

Last Updated: 16 May 2025 10:21 AM by 5Paisa

Virtual Galaxy InfotechVirtual Galaxy Infotech Limited (VGIL), a Nagpur-based IT services and consulting firm, is launching its ₹93.29 crore IPO. With 300+ professionals, VGIL offers tech solutions across BFSI, ERP, cloud, IoT, and more. Its flagship product “e-banker” powers 5,000+ bank branches. The company holds multiple ISO certifications and serves clients in 15 Indian states and abroad, including Tanzania and Malawi, focusing on automation, compliance, and decision-support services.

Established in: 1997
Chairman & Managing Director: Mr. Avinash Shende & Mr. Sachin Pande

Peers

Veefin Solutions Limited
Network People Services Technologies Limited
Trust Fintech Limited
 

Objectives

1. Capex for new development facility in Nagpur, Maharashtra
2. Repayment/ prepayment of borrowings
3. Investment in GPU, server & storage systems for Data Centre
4. Upgrading existing products through hiring
5. Business development and marketing funding
6. General corporate purposes
 

Virtual Galaxy IPO Size

Types Size
Total IPO Size ₹93.29 Cr.
Offer For Sale -
Fresh Issue ₹93.29 Cr.

 

Virtual Galaxy IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1000 135,000
Retail (Max) 1 1000 135,000
HNI (Min) 2 2000 270,000

Virtual Galaxy IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 129.72 12,44,000 16,13,67,000 2,291.41
NII (HNI) 590.27 9,50,000 56,07,55,000 7,962.72
Retail 134.01 22,00,000 29,48,24,000 4,186.50
Total** 231.44 43,94,000 1,01,69,46,000 14,440.63

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 43.44 59.76 63.58
EBITDA 9.16 11.93 31.36
PAT 0.40 0.72 16.54
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 67.80 84.36 116.93
Share Capital 11.00 11.00 11.00
Total Borrowings 35.56 38.85 38.64
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 11.85 9.36 28.40
Net Cash Generated From / (used in) investing activities -5.04 -9.58 -31.12
Net Cash Generated From / (used in) financing activities -6.38 0.54 2.10
Net Increase (Decrease) In Cash And Cash Equivalents 0.43 0.32 -0.61


Strengths

1. Integrated software solutions for the BFSI sector
2. Diversified business across industries and regions
3. Strong recurring revenue from long-term clients
4. Experienced leadership with proven industry track record
 

Weaknesses

1. Heavy reliance on Core Banking product "E-Banker"
2. Revenue concentration in Maharashtra
3. Limited geographic diversification beyond key regions
4. Dependence on BFSI segment for majority of revenue
 

Opportunities

1. Expanding demand for digital banking solutions
2. Growing international presence in Africa
3. Rising need for automation and compliance tools
4. Increasing IT adoption in non-BFSI sectors
 

Threats

1. Loss of key clients may impact revenue
2. Fewer government or private orders can hurt growth
3. Regional instability in Maharashtra affects operations
4. BFSI sector slowdown may reduce demand
 

1. The company has shown strong financial growth, with FY24 PAT rising significantly compared to FY23.
2. Virtual Galaxy’s flagship “e-banker” product is used by over 5,000 branches.
3. IPO proceeds will fund expansion, tech upgrades, and debt reduction.
4. With a 25+ year track record and presence across India and Africa, the company is positioned to benefit from rising demand for digital solutions.
 

1. The Indian SaaS industry has been growing at ~30% annually, driven by rising cloud adoption.
2. According to reports, SaaS revenue is projected to rise from $7.18B in 2023 to $62.93B by 2032.
3. As of 2023, India hosts over 1,000 SaaS companies, with 150+ earning over $1 million annually.
4. Remote work, online collaboration, and digitization are fueling sustained demand for SaaS solutions.

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FAQs

Virtual Galaxy Infotech IPO opens from 9 May 2025 to 14 May 2025.

The size of Virtual Galaxy Infotech IPO is ₹93.29 Cr.
 

The price of Virtual Galaxy Infotech IPO is fixed at ₹135 to ₹142 per share. 

To apply for Virtual Galaxy Infotech IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Virtual Galaxy Infotech  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Virtual Galaxy Infotech IPO is 1,000 shares and the investment required is ₹135,000.
 

The share allotment date of Virtual Galaxy Infotech IPO is 15 May 2025

The Virtual Galaxy Infotech IPO will likely be listed on 19 May 2025.

Smart Horizon Capital Advisors Private Limited is the book running lead manager for Virtual Galaxy Infotech IPO.
 

Virtual Galaxy Infotech plans to utilise the raised capital from the IPO for:

1. Capex for new development facility in Nagpur, Maharashtra
2. Repayment/ prepayment of borrowings
3. Investment in GPU, server & storage systems for Data Centre
4. Upgrading existing products through hiring
5. Business development and marketing funding
6. General corporate purposes