VL Infraprojects - AstroIPO

VL Infraprojects IPO


July 21, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

VL Infraprojects Ltd., a company in the Engineering-Construction industry, is introducing its IPO in the Infrastructure sector. The firm plans to raise Rs. 12.33 – 13.28 crore by offering 31.62 lakh shares to the public.

Investors can participate in this book-built IPO from July 23 to July 25, 2024. The offer price range is set at Rs. 39 – 42 per share, with a minimum application of 3000 shares. Retail investors can subscribe up to Rs. 5,00,000.

This IPO provides an opportunity to invest in an infrastructure company. With its upcoming listing on NSE, VL Infraprojects Ltd.’s IPO may attract investors interested in the construction sector, which often benefits from increased government focus on infrastructure development.

VL Infraprojects IPO Details

IPO Size 18.52
Price Range ₹39 - ₹42
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 3000
Investment (cut-off price) ₹126,000
Pre IPO Promotor Holding 90.91%
Post IPO Promotor Holding 65.39%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

VL Infraprojects IPO Timelines

23/07/2024
Start Date
25/07/2024
End Date
26/07/2024
Allotment Date View Status
29/07/2024
Refund Initiation
29/07/2024
Credit of Shares to Demat Ac
30/07/2024
Listing Date

VL Infraprojects IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹126,000
Retail Maximum 1 3000 ₹126,000
S-HNI Minimum 2 6000 ₹252,000

VL Infraprojects IPO Subscription Status

QIB NII Retail EMP Total
203.73 x 725.73 x 839.50 x -- 633.63 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹79.80 ₹83.75 ₹83.75 ₹79.80

VL Infraprojects IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹30.78 29.59 ₹0.83
FY 2022 ₹35.61 34.06 ₹1.11
FY 2023 ₹45.65 42.56 ₹2.23
FY 2024 (6M) ₹51.27 46.93 ₹3.13

About Company

V L Infraprojects Limited executes water supply and sewerage infrastructure projects. Its operations involve the procurement, joining, installation, and commissioning of pipes, related civil engineering works, the construction of pumping stations, and the installation of electro-mechanical equipment for water transportation from rivers to households.

Additionally, the company offers operations and maintenance services for water distribution pipelines. V L Infraprojects is also involved in the design, construction, and commissioning of government projects, particularly in the sectors of water infrastructure and irrigation. It has now diversified into road construction, irrigation, and environmental projects.

Incorporation Date Sector Managing Director
2014 Infrastructure Rajagopal Reddy

Know Before Investing

VL Infraprojects IPO Strengths

  • V.L. Infraprojects specializes in the critical sector of water infrastructure and irrigation.
  • The company holds multiple prestigious approvals and licenses.
  • V.L. Infraprojects provides an end-to-end solution for water supply and wastewater projects.
  • Beyond construction, the company offers operation and maintenance services for water pipelines.
  • The company has built a solid track record in executing various government projects.

VL Infraprojects IPO Risks

  • The company’s operations are mainly concentrated in specific states.
  • A significant portion of V.L. Infraprojects’ revenue is likely derived from government contracts.
  • As of September 30, 2023, the company has only 25 employees.
  • The nature of the business involves significant operational risks.

Swot Analysis for VL Infraprojects IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

V.L.Infraprojects Limited

Office at 716, Shivalik Satyamev,
Near Vakil saheb Bridge Bopal,
Ahmedabad- 380058

Phone: +91 9998850177

Email: [email protected]

Website: http://www.vlil.in/

IPO Registar Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: [email protected]

Website: https://www.skylinerta.com/ipo.php

FAQs

The key objectives of VL Infraprojects IPO are:

  • To Meet Working Capital Requirements.
  • General Corporate Purposes.

Beeline Capital Advisors Pvt Ltd. is the book-running lead managers for the VL Infraprojects IPO.

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