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15 Days Price Change

Virtual Galaxy Info. IPO

Closing In

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Issue Size --
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Price Range 135  to  142 per share
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Min Investment ₹142
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Virtual Galaxy Infotech Limited (VGIL), established in 1997 by technocrats Avinash Shende and Sachin Pande, is a Nagpur-based fintech company specializing in hybrid SaaS and enterprise software solutions for the banking and financial services sector. With a team of over 300 professionals, VGIL has deployed its flagship core banking solution, "E-Banker," across more than 150 clients, including banks, microfinance institutions, and NBFCs, spanning 20 Indian states and East Africa. The company also offers a suite of products such as V-Pay, a digital payment platform; IBS ERP for SMEs; E-Governance solutions for government bodies; and E-Autopsy software for automating post-mortem department functions. In September 2024, VGIL transitioned to a public limited company and subsequently filed a Draft Red Herring Prospectus with NSE Emerge, aiming to raise funds for expansion, product enhancement, and infrastructure development. The company reported a revenue of ₹71.6 crore with a profit after tax of ₹18.9 crore in the first half of fiscal year 2025, reflecting its robust financial performance and growth trajectory. Read More

Basic Info

Face Value 10 per share

Price 135  to  142 per share

P/E (x) 8.1

Sales( Cr.) 120

PAT( Cr.) 32

EPS 17.6

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Avinash Narayanrao Shende Sachin Purushottam Pande.

Pre Issue Share Holding 100%

Post Issue Share Holding 72%

Listing Details:

Listing Price: 180

Listing Gain: 21.11%

Current Price: 144.1

Gain On Issue: 144.1 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date May 09, 2025
Closing Date May 14, 2025
Allotment May 15, 2025
Refund May 16, 2025
Delivery of Shares May 16, 2025
Listing Date May 19, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 100 14,200
Retail (Max) 14 1400 198,800
S-HNI (Min) 15 1500 213,000
S-HNI (Max) 70 7000 994,000
B-HNI (Min) 71 7100 1,008,200

Objective of the Issue

1. Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra. 2. Repayment/ prepayment of certain borrowings availed by the Company. 3. Investment in procuring GPU, server & amp amp amp amp amp amp amp amp storage system at Data Centre. 4. Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring. 5. Funding for business development and marketing activities. 6. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 3285000 426130200 129.7x
NII 985500 581711085 590.3x
Retail 2299500 308201985 134x
EMP 0 0 0x
Total 6570000 1520626500 231.5x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Virtual Galaxy Info. Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 43 58 61 120
Other Income 0 0 0 0
Total Income 43 59 62 120
Total Expenditure 32 45 30 65
Operating Profit 11 13 31 56
Interest 3 3 3 3
Depreciation 5 6 6 8
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 3 5 23 45
Provision for Tax 2 3 6 13
Profit After Tax 1 2 16 32
Adjustments 0 0 0 0
Profit After Adjustments 1 2 16 32
Adjusted Earnings Per Share 0.8 1.1 9.9 17.6

Virtual Galaxy Info. Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 25 41 93
Minority's Interest 0 0 0 0
Borrowings 25 31 31 32
Other Non-Current Liabilities 1 3 3 2
Total Current Liabilities 21 29 40 31
Total Liabilities 69 87 116 158
Fixed Assets 24 33 30 68
Other Non-Current Assets 23 17 46 52
Total Current Assets 22 37 40 38
Total Assets 69 87 116 158

Virtual Galaxy Info. Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 2
Cash Flow from Operating Activities 13 8 33 43
Cash Flow from Investing Activities -6 -9 -32 -51
Cash Flow from Financing Activities -6 1 -2 8
Net Cash Inflow / Outflow 0 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 3

Virtual Galaxy Info. Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.77 1.09 9.88 17.55
CEPS(Rs) 3.53 4.51 13.47 21.73
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 13.84 14.93 24.81 50.93
Core EBITDA Margin(%) 24.76 22.57 50.38 46
EBIT Margin(%) 14.32 13.05 40.83 39.87
Pre Tax Margin(%) 7.12 8.19 36.76 37.73
PAT Margin (%) 2.97 3.07 26.52 26.73
Cash Profit Margin (%) 13.66 12.72 36.17 33.1
ROA(%) 1.82 2.3 16.06 23.44
ROE(%) 5.53 7.56 49.72 47.89
ROCE(%) 10.57 12.66 35.16 45
Receivable days 116.5 115.09 143.46 71.88
Inventory Days 0.39 0.37 0.54 0.28
Payable days 63.63 104.43 294.71 87.49
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 1.07 0.83 0.81 0.46
EV/Core EBITDA(x) 4.28 3.67 1.6 1
Net Sales Growth(%) 0 37.21 5.1 95.47
EBIT Growth(%) 0 25.01 228.89 90.88
PAT Growth(%) 0 42.04 808.03 97.02
EPS Growth(%) 0 42.04 808.07 77.66
Debt/Equity(x) 1.53 1.55 0.94 0.43
Current Ratio(x) 1.07 1.29 0.99 1.23
Quick Ratio(x) 1.07 1.28 0.98 1.22
Interest Cover(x) 1.99 2.68 10.03 18.63
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 97% 41% 0% 0%
Operating Profit CAGR 81% 72% 0% 0%
PAT CAGR 100% 217% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -15% NA% NA% NA%
ROE Average 48% 35% 28% 28%
ROCE Average 45% 31% 26% 26%

Company Contact Information

Virtual Galaxy Infotech Ltd.

Plot No. 26 The Nagpur Divisional Insurance Employees Chs Ltd. Vivekanand Nagar

IPO Lead Manager(s)

Virtual Galaxy Infotech Ltd.

Smart Horizon Capital Advisors Pvt Ltd.

Registrar Info

Virtual Galaxy Infotech Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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