VVIP Infratech IPO: Check issue size, price band, GMP and other details
SME IPO of VVIP Infratech has opened for subscription today and will close on July 25. The company aims to raise about Rs 61.21 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) VVIP Infratech IPO size
The IPO is entirely a fresh equity issue of 65.82 lakh shares and through the issue, the company plans to raise Rs 61.21 crore.
2) VVIP Infratech IPO price band
The company is offering its shares at Rs 91-93 apiece, and investors can bid for 1200 shares in 1 lot.
3) VVIP Infratech GMP
In the unlisted market, the company's shares are trading with a GMP of Rs 50, which translates to a listing gain of around 54% if the trends sustain
4) About VVIP Infratech
VVIP Infratech is a Class A civil and electrical contractor. The company is engaged in the business of execution and construction of infrastructure projects such as sewer, sewer treatment plants, water tanks, water treatment plants, sector development work,
electrical distribution and sub stations up to 33 KVA.
5) Industry overview
The India water and wastewater treatment technologies market size is expected to grow from $0.92 billion in 2023 to $1.54 billion by 2028, at a CAGR of 10.78% during the forecast period (2023-2028).
6) VVIP Infratech financial performance
For the year ended March 2024, the company clocked total revenues of Rs 216 crore and net profit of Rs 17.78 crore.
7) Objects of the offer
The net proceeds from the
