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Virtual Galaxy Infotech Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Virtual Galaxy Infotech Ltd IPO

Registered Office: 3 Central Excise Colony,Behind Mahatme Eye Bank , Nagpur - 440015 , Maharashtra , India.
Phone : +91 92265 31342   Fax:
Email :  investors@vgipl.in  
Website :  www.vgipl.com
Initial public offer of upto 65,70,000 equity shares of face value of (Rs)10/- each (the "equity shares") of Virtual Galaxy Infotech Limited ("the company" or "Virtual Galaxy" or "VGIL" or "the issuer") for cash at a price of (Rs)[*] per equity share including a share premium of (Rs)[*] per equity share (the "issue price") aggregating to (Rs)[*] crores ("the issue"), of which upto 3,36,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)[*] per equity share including a share premium of (Rs)[*] per equity share aggregating to (Rs)[*] crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e., net issue of upto 62,34,000 equity shares of face value of (Rs)10/- each at a price of (Rs)[*] per equity share including a share premium of (Rs)[*] per equity share aggregating to (Rs)[*] crores is herein after referred to as the "net issue". the issue and the net issue will constitute [*]% and [*]% respectively of the post issue paid up equity share capital of the company. Price Band: (Rs)135 to (Rs)142 per equity share of the face value of (Rs)10 each. The floor price is 13.5 times of the face value of the equity shares and the cap price is 14.2 times of the face value of the equity shares. Bids can be made for a minimum of 1000 equity shares and in multiples of 1000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
09-May-25 14-May-25 (Rs)135.00-142.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Smart Horizon Capital Advisors Pvt Ltd
Project Financed through Current Offer 88.70  
Post Issue Equity Share Capital 24.87  
Issue Price (Rs)135.00  
 
Projects
Capital expenditure towards setting up additional development facility inFunding of expenditure related to enhancement maintenance and upgrading existing products
Repayment/prepayment of certain borrowings availed by the companyFunding for business development and marketing activites and
Investment in procuring GPU server & storage system at Data CentreGeneral corporate purposes
Promoted By
Avinash Narayanrao Shende  
Sachin Purushottam Pande  
Shilpa Avinash Shende  
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd