Virtual Galaxy Infotech Limited Link 
Allotment
The Virtual Galaxy Infotech IPO is a book-built issue aggregating ₹93.29 crore, consisting entirely of a fresh issue of 0.66 crore equity shares.
The IPO opened for subscription on May 9, 2025, and closed on May 14, 2025. The basis of allotment was finalized on May 15, 2025, and the company’s shares were listed on the NSE SME platform on May 19, 2025.
The price band for the issue was fixed at ₹142 per share. Investors could apply in a lot size of 1,000 shares. Accordingly, the minimum investment for retail investors stood at ₹1,42,000, while HNI investors were required to apply for at least two lots (2,000 shares), amounting to ₹2,84,000.
Smart Horizon Capital Advisors Pvt. Ltd. acted as the Book Running Lead Manager, Maashitla Securities Pvt. Ltd. served as the Registrar to the Issue, and Alacrity Securities Ltd. was appointed as the Market Maker.
₹142
0%
Open
₹142
HIgh - Low
₹142
Previous Close
₹142
Total Traded Value
0
52 Weeks High
₹142
52 Weeks Low
₹142
Updates On
May 5, 2025
IPO. Open
May 9, 2026
IPO. Close
May 14, 2026
IPO. Price
₹142.00
IPO Market price
₹353.13 Cr
IPO Details
| IPO Date | 19 May |
| IPO Listing Date | 19 May |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹142.00 |
| IPO Issue Size | 65,70,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,82,98,635 shares |
IPO Timeline
| IPO Open Date | 9 May |
| IPO Close Date | 14 May |
| IPO Allotment (Tentative) | 15 May |
| Refunds | 16 May |
| Credit to Demat Account | 16 May |
| IPO Listing Date | 19 May |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 30,84,000 Shares |
| NII (HNI) Shares Offered | 9,50,000 Shares |
| Retail Shares Offered | 22,00,000 Shares |
IPO Lot Size
Investors can apply for a minimum of 1,000 shares, and thereafter in multiples of 1,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,42,000 |
| Retail (Max) | 1 | 1,000 | ₹1,42,000 |
| S-HNI (Min) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting company headquartered in Nagpur, Maharashtra, India.
VGIL provides innovative software products and technology-driven services across a wide range of sectors, including Banking and Finance, ERP, e-Governance, Web Services, Cloud Computing, Big Data, Internet of Things (IoT), and System Integration. The company has successfully delivered advanced technology solutions to over 5,000 bank branches, manufacturing units, and business enterprises.
The company’s solutions are designed to enhance transaction automation, customer service delivery, regulatory compliance, and decision-making support. Its flagship product, “e-banker,” is a comprehensive Core Banking Solution (CBS) developed to meet the evolving techno-financial requirements of modern banking institutions.
VGIL is supported by a strong team of over 300 skilled professionals, dedicated to delivering high-quality and reliable software solutions. The company serves a diverse clientele, including bank branches, manufacturing setups, and business houses, helping organizations achieve operational efficiency and digital transformation in a rapidly evolving technological landscape.
The company holds multiple quality and information security certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023, underscoring its commitment to global standards and service excellence.
VGIL caters to commercial banks, cooperative banks, NBFCs, and SACCOs within the BFSI segment, as well as corporate clients across industries such as sugar, solvex, textiles, fertilizers, seeds, and education. Its operational footprint spans more than 15 Indian states, with an international presence in Tanzania and Malawi.
As of December 31, 2024, the company employed 329 personnel.
Competitive Strengths
Integrated software solutions tailored for the banking and financial services sector
Diversified business presence across multiple industry verticals
Multiple revenue streams with a balanced mix of recurring and non-recurring income
Strong repeat business driven by long-standing customer relationships
Experienced promoters and senior management team with proven industry expertise and a successful track record
Company Financials (Consolidated)
| Assets | 116.93 | 84.36 | 67.8 |
| Total Income | 63.58 | 59.76 | 43.44 |
| Profit After Tax | 16.54 | 0.72 | 0.4 |
| EBITDA | - | - | - |
| NET Worth | 41.4 | 20.4 | 20.14 |
| Reserves and Surplus | 30.4 | 9.4 | 9.14 |
| Total Borrowing | 38.64 | 38.85 | 35.56 |
Key Performance Indicator (KPI)
| ROE | 53.52% |
| ROCE | 31.68% |
| Debt/Equity | 0.93 |
| RoNW | 39.95% |
| PAT Margin | 26.04% |
| EBITDA Margin | - |
| Price to Book Value | 5.66 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 6.06 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Virtual Galaxy Infotech Ltd. Address
3, Central Excise Colony,
Behind Mahatme Eye Bank,
Chhatrapati Sq., Ring Road
Nagapur, Maharashtra, 440015
+91 9226531342
investors@vgipl.in
http://www.vgipl.com/
Detail Registrar
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues
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