Virtual Galaxy Infotech came to market through an SME IPO that opened on 9 May 2025 and closed on 14 May 2025, and the shares listed on 19 May 2025 on NSE SME. The price band was ₹135 to ₹142 per share and one lot was 1000 shares, so the minimum application was ₹1,42,000. The issue size was ₹93.29 crore. The whole issue was fresh shares, so the money raised went to the company.
Maashitla Securities Private Limited was the registrar to the issue, and Smart Horizon Capital Advisors Private Limited was the lead manager.
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Established in September 1997, Virtual Galaxy Infotech Limited (VGIL) is a Nagpur, Maharashtra, India-based IT services and consulting company. VGIL provides cutting-edge software products and services to various industries such as Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration.VGIL has successfully implemented advanced technology solutions to over 5,000 bank branches, manufacturing companies, and businesses.
Their solutions are centered around transaction automation, customer service delivery, compliance, and decision support.Their most prominent product is e-banker, an integrated Core Banking Solution aimed at meeting the changing techno-financial landscape of banks. The firm employs more than 300 professionals committed to delivering high-quality software solutions to clients.VGIL's capabilities reach across providing varied organizations, such as bank branches, manufacturing facilities, and business houses, with robust and effective technology services that enable organizations to succeed in an ever-changing digital environment.
The organization is ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023 certified.The company caters to commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI segment, and corporate clients in the sugar, solvex, textile, fertiliser, seed, and education segments.The company has client presence in more than 15 Indian states and has crossed geographical boundaries to Tanzania and Malawi. As on December 31, 2024, the company had a total of 329 employees on its rolls.
As described in the offer document.
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Avinash Narayanrao Shende, Sachin Purushottam Pande.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Virtual Galaxy Infotech IPO was a ₹93.29 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹135–₹142 per share with a lot size of 1,000 shares (₹1,42,000). The IPO was open from May 9 to May 14, 2025. Shares listed on NSE SME on May 19, 2025 at ₹180, a 26.8% premium to the issue price of ₹142. Maashitla Securities Private Limited is the registrar.
Smart Horizon Capital Advisors Private Limited is the book running lead manager.
The price band of Virtual Galaxy Infotech IPO is ₹135 to ₹142 per share.
The lot size of Virtual Galaxy Infotech IPO is 1000 shares.
The minimum investment for Virtual Galaxy Infotech IPO is approximately ₹1,42,000 based on the upper price band.
The allotment date of Virtual Galaxy Infotech IPO is May 15, 2025.
Virtual Galaxy Infotech IPO's final recorded GMP before listing was ₹95 per share (a 67% premium over the ₹142 upper price band). The shares listed at ₹180. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Virtual Galaxy Infotech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Virtual Galaxy Infotech IPO allotment status on Rupix for quick and easy access.
₹135 to ₹142 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,42,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,42,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 9 May 2025 and closed on 14 May 2025.
The basis of allotment was published on 15 May 2025 by Maashitla Securities Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 May 2025 on NSE SME.
The issue size was ₹93.29 crore. The fresh issue was 65,70,000 shares (aggregating up to ₹93.29 crore).