IPO Details
Bidding Dates
23 Jul '24 - 25 Jul '24
Minimum Investment
₹1,26,000 / 1 Lot ( 3,000 Shares )
Price Range
₹39 - ₹42
Maximum Investment
₹1,26,000 / 1 Lot ( 3,000 Shares )
Retail Discount
To be announced
Issue Size
₹18.52 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Jul 23, 2024
IPO Close Date
Jul 25, 2024
Basis of Allotment
Jul 26, 2024
Initiation of Refunds
Jul 29, 2024
Credit of Shares to Demat
Jul 29, 2024
Listing Date
Jul 30, 2024
Cut-off time for UPI mandate confirmation
Jul 25, 2024
About V.L. Infraprojects Limited
Founded in 2014, V.L. Infraprojects Limited specialises in planning, constructing, and commissioning various government projects, with a strong focus on water infrastructure and irrigation. The company executes water supply and wastewater infrastructure projects, encompassing the procurement and laying of pipes, connections, and commissioning.
Their services also include comprehensive civil engineering works such as civil construction, pumping stations, and the installation of electro-mechanical equipment, specifically pumping machines, to facilitate the distribution of water from rivers to households. Additionally, V.L. Infraprojects provides operation and maintenance services for water pipelines, ensuring sustained and efficient water supply management.
The company is recognised for its high standards and holds multiple accreditations. It is a Class AA approved contractor by the Government of Gujarat, possesses a civil/electrical contractor license from the Karnataka State Public Works Department, is registered in a special class with the Government of Telangana, and is an approved contractor by the Government of Madhya Pradesh. These credentials underscore the company's reliability and expertise in the infrastructure sector.
As of March 31, 2024, V.L. Infraprojects Limited employs a dedicated team of 30 professionals committed to delivering high-quality infrastructure solutions. The company's focus on innovation and quality positions it as a key player in the development of India's water infrastructure sector.
Industry Outlook:
- Budget 2023-24 increases infrastructure investment by 33% to ₹10 lakh crore (US$ 122 billion), making up 3.3% of GDP.
- Indian Railways aims for ₹2,64,500 crore (US$ 31.81 billion) revenue by 2023-24, with the highest-ever capital outlay of ₹2.40 lakh crore (US$ 29 billion).
V.L. Infraprojects Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- To Meet Working Capital Requirements
- General Corporate Purposes
Peer Details
The companies considered by V.L. Infraprojects as its peers include Ems Limited.
How to Check the Allotment Status of the V.L. Infraprojects Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of V.L. Infraprojects Limited IPO
- Registered office: Office at 716, Shivalik Satyamev, Near Vakil saheb Bridge Bopal, Ahmedabad- 380058, Gujarat, India
- Phone: +91 9998850177
- E-mail: cs@vlil.in
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Total Revenue (in ₹ lakh) | 11,400.05 | 4,565.14 | 3,560.70 |
| Profit After Tax (PAT) (in ₹ lakh) | 614.01 | 222.66 | 110.58 |
| Cash & Cash Equivalents (in ₹ lakh) | 178.19 | 34.10 | 21.91 |
| Net Worth (in ₹ lakh) | 1,636.01 | 1,022.00 | 730.84 |
| Debt to Equity Ratio (x) | 1.01 | 0.98 | 1.37 |
| Return on Equity (%) | 46.20% | 25.41% | 16.37% |
| Return on Capital Employed (RoCE) (%) | 39.09% | 22.97% | 18.41% |
| Earning Per Share (EPS)-in absolute ₹ | 5.43 | 2.10 | 1.04 |
Know before investing
Strengths
6-
9+ years in Water Supply Projects (WSPs).
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Experienced promoters with 45+ years in accounting, finance, and construction.
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Strong management team driving steady growth and strategy implementation.
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Significant WSP order book across Madhya Pradesh, Telangana, and Gujarat.
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Comprehensive in-house execution: design, engineering, procurement, construction.
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Emphasis on cost management and project completion within timelines.
Risks
7-
Heavy reliance on Gujarat: 89.74% of revenue from this region.
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Top 10 clients contribute 95.48% of revenue.
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High working capital needs, ₹1,441.93 lakhs short-term borrowings.
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Legal risks; ₹155.70 lakhs in tax litigation.
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Inconsistent cash flow, dependent on customer payments.
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Execution delays, joint ventures may impact project timelines.
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Accurate cost estimation challenges profitability.
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V.L. Infraprojects IPO FAQs
V.L. Infraprojects Limited IPO is a book-built IPO. The IPO will be open from July 23, 2024, to July 25, 2024.
The Basis of Allotment will happen on Friday, July 26, 2024.
The IPO subscription window will open on July 23, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3,000 shares.
The listing date for V.L. Infraprojects is Tuesday, July 30, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
