Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India.
VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration.
The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses.
Their offerings focus on transaction automation, customer service delivery, compliance, and decision support.
The company’s flagship product, “e-banker,” is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions.
The company has over 300 professionals dedicated to delivering high-quality software solutions for clients.
VGIL’s expertise extends to supporting diverse organizations, including bank branches, manufacturing setups, and business houses, ensuring reliable and efficient technology services that empower organizations to thrive in a fast-evolving digital landscape.
The company holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023.
The company serves commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI sector, and corporate clients in the sugar, solvex, textiles, fertiliser, seed, and education industries.
The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi.
As of December 31, 2024, the company had a total strength of 329 employees on its payroll.
Virtual Galaxy Infotech IPO – Details
| IPO Opening Date | 09 May 2025 |
| IPO Closing Date | 14 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 65,70,000 Shares Worth ₹93.29 Crore Fresh Issue: 65,70,000 Shares Worth ₹93.29 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 – ₹142 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Virtual Galaxy Infotech IPO – Date Schedule
| IPO Open Date | 09 May 2025 |
| IPO Close Date | 14 May 2025 |
| Basis of Allotment | 15 May 2025 |
| Initiation of Refund | 16 May 2025 |
| Credit of Shares to Demat Account | 16 May 2025 |
| IPO Listing Date | 19 May 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 14, 2025 |
Virtual Galaxy Infotech IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,42,000 |
| Retail (Max) | 1 | 1000 | ₹1,42,000 |
| HNI (Min) | 2 | 2000 | ₹2,84,000 |
Competitive Strengths
- Offer integrated software solutions for the banking and financial services sector.
- Diversified business across several verticals.
- Diversified revenue streams.
- Recurring and non-recurring, repeat revenues from long-standing customer relationships.
- Experienced promoters and senior management team with strong industry expertise and successful track record.
Company Promoters
- Avinash Narayanrao Shende
- Sachin Purushottam Pande
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 42.73 | 39.69 | 1.26 | 34.91 |
| 31 March 2023 | 58.55 | 53.77 | 1.79 | 38.11 |
| 31 March 2024 | 61.52 | 38.92 | 16.30 | 38.63 |
| 31 December 2024 | 101.37 | 62.64 | 27.41 | 33.12 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 53.52% |
| ROCE | 31.68% |
| Debt/Equity | 0.93 |
| RoNW | 39.95% |
| PAT Margin | 26.04 |
| Price to Book Value | 5.66 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 9.04 | 6.65 |
| P/E (x) | 15.71 | 21.35 |
Object Of The Issue
- Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra;
- Repayment/ prepayment of certain borrowings availed by the Company;
- Investment in procuring GPU, server & storage system at Data Centre;
- Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring;
- Funding for business development and marketing activities;
- General corporate purposes.
Virtual Galaxy Infotech IPO Promoter Holding
| Pre Issue Share Holding | 87.95% |
| Post Issue Share Holding | – |
Virtual Galaxy Infotech IPO Prospectus
Company Contact Information
| Virtual Galaxy Infotech Limited 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road Phone: +91 9226531342 Email: investors@vgipl.in Website: http://www.vgipl.com/ |
Virtual Galaxy Infotech IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Virtual Galaxy Infotech IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Private Limited |
Virtual Galaxy Infotech IPO FAQs
| What is Virtual Galaxy Infotech IPO? Virtual Galaxy Infotech IPO is a SME IPO. The issue is priced at ₹135 to ₹142 per equity share. The IPO is to be listed on NSE SME. |
| When Virtual Galaxy Infotech IPO will open? The IPO is to open on 09 May 2025 for QIB, NII, and Retail Investors. |
| What is Virtual Galaxy Infotech IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Virtual Galaxy Infotech IPO? You can apply Virtual Galaxy Infotech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Virtual Galaxy Infotech IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Virtual Galaxy Infotech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Virtual Galaxy Infotech IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Virtual Galaxy Infotech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Virtual Galaxy Infotech IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Virtual Galaxy Infotech IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Virtual Galaxy Infotech IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Virtual Galaxy Infotech IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Virtual Galaxy Infotech IPO Size? Virtual Galaxy Infotech IPO size is ₹93.29 Crore. |
| What is the Virtual Galaxy Infotech IPO Price Band? Virtual Galaxy Infotech IPO Price Band is ₹135 to ₹142. |
| What is Virtual Galaxy Infotech IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1000 Shares with ₹1,42,000 amount while the maximum bid is 1000 Shares with ₹1,42,000. |
| What is the Virtual Galaxy Infotech IPO Allotment Date? Virtual Galaxy Infotech IPO allotment date is 15 May 2025. |
| What is the Virtual Galaxy Infotech IPO Listing Date? Virtual Galaxy Infotech IPO listing date is 19 May 2025. The IPO is to be listed on NSE SME. |
