Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
The company has three business verticals:
- Engineering, Procurement, and Construction (EPC)
- Mining of aggregates and production of manufactured sand
- Drones or unarmed aerial vehicles
The company has been assessed by QRO and is compliant with the requirements of ISO 9001:2015.
The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.
Vishnusurya Projects and Infra executed 17 projects in the recent years, out of which 10 (Ten) are civil construction projects, 1 (One) is of road construction and 6 (Six) are infrastructure related projects.
Vishnusurya Projects and Infra IPO – Details
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 05 October 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 7,350,000 Shares Worth ₹49.98 Crore Fresh Issue: 7,350,000 Shares Worth ₹49.98 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Vishnusurya Projects and Infra IPO – Date Schedule
| IPO Open Date | 29 September 2023 |
| IPO Close Date | 05 October 2023 |
| Basis of Allotment | 10 October 2023 |
| Initiation of Refund | 11 October 2023 |
| Credit of Shares to Demat Account | 12 October 2023 |
| IPO Listing Date | 13 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 05, 2023 |
Vishnusurya Projects and Infra IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,36,000 |
| Retail (Maximum) | 1 | 2000 | 1,36,000 |
| HNI (Minimum) | 2 | 4000 | 2,72,000 |
Competitive Strengths
- Experienced Promoter & Management Team.
- Focused on Infrastructure Projects.
- Visible growth with strong order book.
- Industry experience with strong execution capabilities.
- Strong Financial Performance.
Company Promoters
- Bhavani Jayaprakash
Object Of The Issue
- Funding of working capital requirements of the Company.
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 63.39 | 60.18 | 2.29 | 14.72 |
| 31 March 2022 | 96.04 | 66.45 | 21.59 | 34.89 |
| 31 March 2023 | 133.26 | 110.95 | 17.37 | 36.25 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 2.69 |
| ROE | 27.86 |
| ROCE | 31.22 |
| Debt/Equity | 1.03 |
| EPS (Rs) | 25.30 |
| RoNW | 27.86 |
Vishnusurya Projects and Infra IPO Promoter Holding
| Pre Issue Share Holding | 88.74% |
| Post Issue Share Holding | 62.24% |
Vishnusurya Projects and Infra IPO Prospectus
Company Contact Information
| Vishnusurya Projects and Infra Limited 2 nd Floor, Qbas Temple Tower, No. 76/25, North Mada Street, Mylapore, Chennai – 600 004 Phone: +91 44 2495 0019 Email: cs@vishnusurya.com Website: https://www.vishnusurya.com/ |
Vishnusurya Projects and Infra IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
Vishnusurya Projects and Infra IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
Vishnusurya Projects and Infra IPO FAQs
| What is Vishnusurya Projects and Infra IPO? Vishnusurya Projects and Infra IPO is a SME IPO. The issue is priced at ₹68 per equity share. The IPO is to be listed on NSE SME. |
| When Vishnusurya Projects and Infra IPO will open? The IPO is to open on 29 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Vishnusurya Projects and Infra IPO? You can apply Vishnusurya Projects and Infra 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 Vishnusurya Projects and Infra IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vishnusurya Projects and Infra”. 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 Vishnusurya Projects and Infra IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vishnusurya Projects and Infra”. 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 Edelweiss. |
| What is Vishnusurya Projects and Infra IPO Size? Vishnusurya Projects and Infra IPO size is ₹49.98 crores. |
| What is Vishnusurya Projects and Infra IPO Price Band? Vishnusurya Projects and Infra IPO Price Band is ₹68. |
| What is Vishnusurya Projects and Infra IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,36,000 amount while the maximum bid is 2000 shares with ₹1,36,000. |
| What is the Vishnusurya Projects and Infra IPO Allotment Date? Vishnusurya Projects and Infra IPO allotment date is 10 October 2023. |
| What is the Vishnusurya Projects and Infra IPO Listing Date? Vishnusurya Projects and Infra IPO listing date is 13 October 2023. The IPO is to list on NSE SME. |
