Virtual Galaxy Infotech SME IPO: Nagpur-based Virtual Galaxy Infotech Limited, an IT services and consulting firm’s SME initial public offering (IPO) opened on May 9, 2025 will set to conclude today, Wednesday, May 14. The Rs 93.29 crore book-built issue is entirely a fresh issue of 65.70 lakh equity shares.
The price band for the IPO was fixed at Rs 142 per share, with a minimum application size of 1,000 shares. Retail investors were required to invest Rs 1,42,000 at the cut-off price, while High Net-Worth Individuals (HNIs) had a minimum lot requirement of two, translating into an investment of Rs 2,84,000.
The issue structure earmarked 33.49 per cent of shares for retail investors, 14.46 per cent for HNIs, and 18.93 per cent for Qualified Institutional Buyers (QIBs), while 28.01 per cent of the shares were allocated to anchor investors.
Alacrity Securities has been appointed as the market maker with a designated quota of 3.36 lakh shares.
The IPO allotment is expected to be finalised on Thursday, May 15, 2025 with the tentative listing date on the NSE SME platform set for Monday, May 19, 2025.
Virtual Galaxy Infotech IPO subscription status
On Wednesday, the IPO was subscribed to 217.98 times so far (3:24 pm) in the last day’s bidding process. It was subscribed to 121.37 times in the retail category, 127.57 times in QIB, and 560.09 times in the NII category.
Here is a summary of the SME IPO subscription:
Day 1 – May 9 | QIB: 1.67 times, NII: 0.39 times, retail: 0.27 times
Day 2 – May 12 | QIB: 1.67 times, NII: 4.97 times, retail: 5.94 times
Day 3 – May 13 | QIB: 3.40 times, NII: 37.61 times, retail: 31.34 times
Day 4 – May 14 | QIB: 127.57, NII: 560.09, retail: 121.37
IPO Management
Smart Horizon Capital Advisors Private Limited is the book-running lead manager for the issue, while Maashitla Securities Private Limited is the registrar.
With the successful closure of bidding and an encouraging response from investors, the IPO marks a key milestone for Virtual Galaxy Infotech’s growth trajectory as it aims to tap capital markets to scale its offerings further.
What does Virtual Galaxy Infotech do?
Established in 1997, Virtual Galaxy Infotech Limited (VGIL) has presence in the Indian IT services landscape. It provides innovative technology solutions spanning cloud services, system integration, IoT, and digital government platforms.
