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Virtual Galaxy Infotech Limited is gearing up to launch its Rs 93.29 crore IPO, opening for subscription from 9th May to 14th May.
This fresh issue of 65.70 lakh shares will be listed on the NSE SME platform.
Retail investors need to invest at least Rs 1,42,000, while HNIs must apply for a minimum of Rs 2,84,000 (2,000 shares or 2 lots).
Maashitla Securities Private Limited is acting as the registrar to the issue, with Smart Horizon Capital Advisors Private Limited as the lead manager and Alacrity Securities Limited serving as the market maker.
Virtual Galaxy Infotech IPO Latest GMP Today
As of 09:40 AM on 16th May, 2025, the Grey Market Premium (GMP) for Virtual Galaxy Infotech IPO stands at Rs 85. With an IPO price band of Rs 142, the expected listing price is Rs 227, indicating listing gains of 59%.
| Date | GMP | Expected Listing Price | Last Updated |
| 16-05-2025 | Rs 85 | Rs 227 | 09:40 AM |
| 15-05-2025 | Rs 87 | Rs 229 | 09:30 AM |
| 14-05-2025 | Rs 80 | Rs 222 | 09:30 AM |
| 13-05-2025 | Rs 80 | Rs 222 | 03:30 PM |
| 12-05-2025 | Rs 80 | Rs 222 | 04:00 PM |
| 11-05-2025 | Rs 17 | Rs 158 | 10:00 AM |
| 10-05-2025 | Rs 17 | Rs 158 | 10:00 AM |
| 09-05-2025 | Rs 09 | Rs 151 | 03:15 PM |
| 08-05-2025 | Rs 20 | Rs 162 | 11:33 AM |
| 07-05-2025 | Rs 20 | Rs 162 | 11:30 PM |
| 06-05-2025 | Rs 0 | Rs 142 | 11:30 PM |
| 05-05-2025 | Rs 0 | Rs 142 | 11:30 PM |
Virtual Galaxy Infotech IPO Details
| Face Value | Rs 10 per Share |
| Lot Size | 1,000 Shares |
| Issue Price Band | Rs 135 to Rs 142 per Share |
| Listing At | NSE SME |
| Total Issue Size | 65,70,000 Shares (aggregating up to Rs 93.29 Cr) |
| Fresh Issue | 65,70,000 Shares (aggregating up to Rs 93.29 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
Virtual Galaxy Infotech IPO Timeline
| Opening – Closing Dates | 9th May – 14th May |
| Cut-off Time for UPI Mandate Approval | 5 PM on 14th May |
| IPO Allotment | 15th May |
| Amount Refund | 16th May |
| Credit of Shares | 16th May |
| Listing Date | 19th May |
Virtual Galaxy Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | Rs 1,42,000 |
| Retail (Max) | 1 | 1,000 | Rs 1,42,000 |
| HNI (Min) | 2 | 2,000 | Rs 2,84,000 |
Virtual Galaxy Infotech Company Details
Virtual Galaxy Infotech Limited (VGIL), founded in September 1997, is an IT services and consulting firm based in Nagpur, Maharashtra.
The company offers software products and services across sectors like banking, finance, ERP, e-governance, web services, cloud computing, big data, IoT, and system integration.
VGIL has delivered advanced tech solutions to over 5,000 bank branches and various businesses and manufacturing units.
Its main focus is on transaction automation, customer service, compliance, and decision-making tools. Its flagship product, “e-banker,” is a Core Banking Solution made for evolving banking needs.
The company has more than 300 professionals and had 329 employees on payroll as of 31st December, 2024.
VGIL holds key quality certifications like ISO 9001:2015, ISO/IEC 27001:2013, and others, proving its commitment to service standards.
It serves commercial and cooperative banks, NBFCs, SACCOs, and clients in sectors like sugar, textiles, fertilisers, and education across 15+ Indian states, as well as in Tanzania and Malawi.
Virtual Galaxy Infotech Company Finances
| Period Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets (in Rs Cr.) | 116.93 | 84.36 |
| Revenue (in Rs Cr.) | 63.58 | 59.76 |
| Profit After Tax (in Rs Cr.) | 16.54 | 0.72 |
Financial Performance:
Revenue: The company generated Rs 63.58 crore in revenue during the period ended on 31st March, 2024.
Financial Position:
Assets: The company’s total assets amounted to Rs 116.93 crore as of March 2024.
Profit After Tax (PAT): The company generated PAT of Rs 16.54 crore as of March 2024.
Virtual Galaxy Infotech IPO FAQs
- What is the price band set for the Virtual Galaxy Infotech IPO?
The issue price band for the Virtual Galaxy Infotech IPO is Rs 135 to Rs 142 per share.
- What is the total issue size of the Virtual Galaxy Infotech IPO offering?
The total issue size of the IPO is Rs 93.29 crore.
- What is the lot size for the Virtual Galaxy Infotech IPO?
Each lot consists of 1,000 shares, with a minimum investment of Rs 1,42,000.
- What are the allotment and listing dates for the Virtual Galaxy Infotech IPO?
The allotment is set for 15th May, and the listing is scheduled for 19th May.
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