V.L.Infraprojects Limited IPO: Analysis, GMP & Subscription Status

Introduction

V.L. Infraprojects Limited is set to launch its Initial Public Offering (IPO) from July 23, 2024, to July 25, 2024. This IPO offers investors an opportunity to invest in a company with a solid presence in the infrastructure sector. Established in Ahmedabad, Gujarat, V.L. Infraprojects Limited was originally incorporated as V.L. Infraprojects Private Limited on December 19, 2014. The company was converted into a public limited company on September 1, 2023. Founded by visionary Promoter and Managing Director, Mr. Rajagopal Reddy Annam Reddy, the company benefits from the extensive experience of its promoters and senior management team. V.L. Infraprojects is a Government Approved Contractor in "AA" Class with the Government of Gujarat, holding various licenses from Karnataka, Telangana, and Madhya Pradesh. The company specializes in designing, constructing, and commissioning water infrastructure and irrigation projects, along with providing operations and maintenance services for water distribution pipelines.

IPO Timeline

• IPO Open Date: Tuesday, July 23, 2024
• IPO Close Date: Thursday, July 25, 2024
• Basis of Allotment: Friday, July 26, 2024
• Initiation of Refunds: Monday, July 29, 2024
• Credit of Shares to Demat: Monday, July 29, 2024
• Listing Date: Tuesday, July 30, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on July 25, 2024

IPO Details

• Face Value: ₹10 per share
• Price Band: ₹39 to ₹42 per share
• Lot Size: 3000 Shares
• Total Issue Size: 4,410,000 shares (aggregating up to ₹18.52 Cr)
• Fresh Issue: 4,410,000 shares (aggregating up to ₹18.52 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Shareholding Pre-Issue: 11,302,500 shares
• Shareholding Post-Issue: 15,712,500 shares
• Market Maker Portion: 240,000 shares by Spread X Securities

V.L.Infraprojects Limited Financial Performance (₹ in Lakhs)

Key Strengths

1. Experienced Promoters and Management Team: The promoters of V.L. Infraprojects Limited have significant experience and in-depth knowledge of the infrastructure sector, which has been pivotal in the company’s growth trajectory.

2. Strong Client Relationships: The company has maintained robust relationships with its clients by consistently meeting their needs and ensuring timely project delivery, leading to repeat orders and customer loyalty.

Risks

1. Market Risks: The company’s operations and profitability are susceptible to market risks, including price fluctuations, changes in government policies, and economic conditions.

2. Competition: The infrastructure sector is highly competitive with numerous organized and unorganized players. V.L. Infraprojects' ability to maintain its market position depends on offering quality services at competitive prices.

3. Regulatory Risks: Changes in regulatory policies and compliance requirements can impact the company’s operations and profitability. Adhering to stringent environmental norms involves significant costs for pollution control and sustainable practices.

V.L.Infraprojects IPO GMP & Subscription Status

Stay updated with the latest information on the V.L. Infraprojects Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening. This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions.

Grey Market Premium (GMP)

Subscription Status

How to Apply

Investors can apply for the V.L. Infraprojects Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.

Conclusion

The V.L. Infraprojects Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.

For more details, refer to the DRHP of V.L. Infraprojects Limited.

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