Listing Details
- Listing Exchange NSE SME
- Listing Date 10-Oct-23
- IPO Price Range ₹ 68
- Listing Price ₹ 73
- Listing Change 7.4%
- Last Traded Price ₹ 262
- Current Change 285.3%
Vishnusurya IPO Details
- Open Date 29-Sep-23
- Close Date 05-Oct-23
- Lot Size 2000
- IPO Size ₹ 49.98 Cr
- IPO Price Range ₹ 68
- Min Investment ₹ 136000
- Listing Exchange NSE SME
- Basis of Allotment 10-Oct-23
- Refunds 11-Oct-23
- Credit to Demat Account 12-Oct-23
- Listing Date 13-Oct-23
Vishnusurya Projects and Infra IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 29-Sep-23 | - | - | 1.40 | 0.85 |
| 03-Oct-23 | - | - | 1.26 | 5.16 |
| 04-Oct-23 | - | - | 2.57 | 10.98 |
| 05-Oct-23 | - | - | 36.32 | 44.11 |
Vishnusurya IPO Synopsis
Vishnusurya Projects and Infra Limited IPO is all set to open from 29th September to 5th October 2023. The company is involved in the business of mining rough stones and manufacturing aggregates and manufacture-sand. The IPO includes a fresh issue of 7,350,000 shares worth ₹49.98 cr. The share allotment date is 10th October, and the IPO will be listed on 13th October, on the stock exchanges. The price band is ₹68 per share and the lot size is 2000 shares.
Khandwala Securities Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of Vishnusurya Projects and Infra IPO
Vishnusurya Projects and Infra plans to utilize the raised capital from the IPO to:
● Prepay or repay in full or partial the borrowings obtained.
● For working capital requirements.
● General corporate purpose.
About Vishnusurya Projects and Infra
Established in 1996, Vishnusurya Projects and Infra is involved in the business of mining rough stones and manufacturing aggregates and manufacture-sand by utilizing Crushing Plants and Sand washing plants. There are a total of three business verticals in which the company operates.
Engineering, Procurement, and Construction (EPC): In property development and real estate, the company has a range of offerings such as Commercial and Mixed Development Construction, IT and Institutional Space development, Retail (Malls), Office buildings, Industrial Parks, Residential Projects, Luxury Villas, Resorts, Factories and Warehouses, Stadiums, Exhibition and Convention Centers, Entertainment venues, Industrial Construction, and Brownfield Development.
Mining of Aggregates and Manufactured Sand: The company possesses and manages two quarries located in Tamil Nadu, India. The first quarry is situated in Aruppukottai, Virudhunagar District, Tamil Nadu, which covers 105 acres. This facility handles all aspects of rock breaking and rock auguring operations, with a crushing machine capable of producing 250 tonnes per hour and 100 tonnes of sand washing at the same time. The second facility, dedicated to aggregates and manufactured sand production, is situated in Vandavasi, Tiruvannamalai District, Tamil Nadu, approximately 100 km from Chennai. Here, a crushing machine can handle 350 tonnes of material and 150 tonnes of sand washing simultaneously.
Drones or Unarmed Aerial Vehicles (UAVs): The company also specializes in drones and unarmed aerial vehicles for various purposes.
Vishnusurya Projects and Infra holds the esteemed Class I contractor accreditation from several governmental departments and agencies, including the Greater Chennai Corporation (GCC), the Government of Tamil Nadu Water Resources Department, the Tamil Nadu Water Supply and Drainage Board, and the Highways Department. This enables the company to actively participate in and execute projects awarded by various other government departments and agencies.
Peer Comparison
● Rachana Infrastructure Limited
● Sonu Infratech Limited
● A B Infrabuild Limited
Vishnusurya Projects and Infra Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 132.37 | 76.46 | 63.22 |
| EBITDA | 32.40 | 21.80 | 10.10 |
| PAT | 17.37 | 21.59 | 2.29 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 121.05 | 118.49 | 95.95 |
| Share Capital | 9.08 | 4.95 | 4.95 |
| Total Borrowings | 61.53 | 76.94 | 60.21 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 10.72 | -10.90 | 21.70 |
| Net cash from / (used in) investing activities | -11.33 | -6.72 | -2.91 |
| Net cash flow from / (used in) financing activities | -0.76 | 17.77 | -17.73 |
| Net increase (decrease) in cash and cash equivalents | -1.36 | 0.15 | 1.06 |
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Vishnusurya IPO FAQs
What is the minimum lot size and investment required for the Vishnusurya Projects and Infra IPO?
The minimum lot size of Vishnusurya IPO is 2000 shares and the investment required is ₹1,36,000.
What is the price band of Vishnusurya IPO?
The price for Vishnusurya IPO is ₹68 per share.
When does the Vishnusurya Projects and Infra IPO issue open and close?
Vishnusurya Projects and Infra IPO opens from 29th September to 5th October 2023.
What is the size of the Vishnusurya Projects and Infra IPO?
The size of Vishnusurya IPO is ₹49.98 cr.
What is the allotment date of the Vishnusurya Projects and Infra IPO?
The share allotment date of Vishnusurya IPO is 10th October 2023.
What is the Vishnusurya Projects and Infra IPO listing date?
The Vishnusurya IPO will be listed on 13th October 2023.
Who are the book runners for the Vishnusurya Projects and Infra IPO?
Khandwala Securities Limited is the book-running lead manager for Vishnusurya IPO.
What is the objective of the Vishnusurya IPO?
Vishnusurya Projects and Infra plans to utilize the raised capital from the IPO to:
1. Prepay or repay in full or partial the borrowings obtained.
2. For working capital requirements.
3. General corporate purpose.
How to apply for the Vishnusurya Projects and Infra IPO?
To apply for Vishnusurya 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 Vishnusurya Projects and Infra 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.
Contact Details of Vishnusurya Projects and Infra IPO
Contact Information
Vishnusurya Projects and Infra Limited
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street, Mylapore,
Chennai - 600 004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Vishnusurya Projects and Infra IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Vishnusurya Projects and Infra IPO Lead Manager
Khandwala Securities Limited