IPO IPO-Synopsis
Virtual Galaxy Infotech Ltd

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Registered Office: 3 Central Excise Colony,Behind Mahatme Eye Bank , Nagpur - 440015 , Maharashtra , India.
Phone : +91 92265 31342   Fax:
Email :  investors@vgipl.in  
Website :  www.vgipl.com
Initial public offer of upto 65,70,000 equity shares of face value of Rs10/- each (the "equity shares") of Virtual Galaxy Infotech Limited ("the company" or "Virtual Galaxy" or "VGIL" or "the issuer") for cash at a price of Rs142 per equity share including a share premium of Rs132 per equity share (the "issue price") aggregating to Rs93.29 crores ("the Issue"), of which upto 3,36,000 equity shares of face value of Rs10/- each for cash at a price of Rs142 per equity share including a share premium of Rs132 per equity share aggregating to
Rs4.77 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto 62,34,000 equity shares of face value of Rs10/- each at a price of Rs142 per equity share including a share premium of Rs132 per equity share aggregating to Rs88.52 crores is herein after referred to as the "net issue". The issue and the net issue will constitute [*]% and [*]% respectively of the post issue paid up equity share capital of the company.

Price Band: Rs142 per equity share of the face value of Rs10 each.

The cap price is 14.2 times of the face value of the equity shares.

Bids can be made for a minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
09-May-25 14-May-25 Rs142.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Smart Horizon Capital Advisors Pvt Ltd
Project Financed through Current Offer 93.29  
Post Issue Equity Share Capital 24.87  
Issue Price Rs142.00  
Projects
Capital expenditure towards setting up additional development facility inFunding of expenditure related to enhancement maintenance and upgrading existing products
Repayment/prepayment of certain borrowings availed by the companyFunding for business development and marketing activites and
Investment in procuring GPU server & storage system at Data CentreGeneral corporate purposes
Promoted By
Avinash Narayanrao Shende
Sachin Purushottam Pande
Shilpa Avinash Shende
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd