Vishnusurya Projects IPO Details: The scheduled date for Vishnusurya Projects IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹50 crores through this IPO. This sum includes a fresh issue of ₹50 crores via 7552942 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is Vishnusurya Projects IPO
Vishnusurya Projects and Infra is a construction company that provides a range of services, including civil construction, electrical and mechanical works, and interior fit-out. The company has over 25 years of experience and has a presence in over 10 states in India.
Vishnusurya Projects and Infra is planning to raise ₹50.00 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹68 per share. The minimum lot size for an application is 2000 shares.
The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up new offices in key cities and investing in new technologies and equipment.
Objectives of Vishnusurya Projects and Infra IPO
The objectives of the Vishnusurya Projects and Infra IPO are as follows:
- To fund the company’s expansion plans, including setting up new offices in key cities and investing in new technologies and equipment.
- To improve the company’s brand awareness and visibility.
- To provide an exit opportunity to existing investors.
Vishnusurya Projects and Infra IPO Date & Price Band Details
| IPO Open: | September 29, 2023 |
| IPO Close: | October 4, 2023 |
| IPO Size: | Approx ₹50.00 Crores, 7,352,942 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹68 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Vishnusurya Projects and Infra IPO Market Lot
The Vishnusurya Projects and Infra IPO minimum market lot is 2000 shares with a ₹136,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹136,000 |
| Retail Maximum | 1 | 2000 | ₹136,000 |
| S-HNI Minimum | 2 | 4000 | ₹272,000 |
Vishnusurya Projects and Infra IPO Dates
The Vishnusurya Projects and Infra IPO date is September 29 and the IPO close date is October 4. The IPO allotment date is October 9 and the IPO might list on October 12.
| IPO Open Date: | September 29, 2023 |
| IPO Close Date: | October 4, 2023 |
| Basis of Allotment: | October 9, 2023 |
| Refunds: | October 10, 2023 |
| Credit to Demat Account: | October 11, 2023 |
| IPO Listing Date: | October 12, 2023 |
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Vishnusurya Projects and Infra IPO Subscription Status
For the latest update on the Vishnusurya Projects and Infra IPO, you can check this dedicated page for IPO subscription status.
Vishnusurya Projects and Infra IPO Allotment Status
For the latest update on the Vishnusurya Projects and Infra IPO, you can check this dedicated page for IPO allotment status.
Vishnusurya Projects and Infra IPO Forms
For IPO form for the JSW Infrastructure IPO, you can check this dedicated page for IPO Forms.
Vishnusurya Projects and Infra Company Financials
According to the Vishnusurya Projects and Infra IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 133.26 | 12.45 |
| 2021-22 | 96.04 | 8.74 |
| 2020-21 | 72.34 | 6.23 |
As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.
The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Vishnusurya Projects and Infra Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Vishnusurya IPO Pros & Cons
Pros:
- Growing company with a strong track record
- Experienced management team
- Well-positioned to benefit from the growing demand for construction services in India
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Company Promoters
- Bhavani Jayaprakash
Vishnusurya Projects and Infra IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
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 IPO FAQs
The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹50 crores through this IPO. This sum includes a fresh issue of ₹50 crores via 7552942 shares, each valued at ₹10.
The IPO will open on 29th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the Vishnusurya Projects and Infra IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Vishnusurya Projects and Infra IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Vishnusurya Projects and Infra IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Vishnusurya Projects and Infra IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Vishnusurya Projects and Infra IPO is 2000 shares. This means that you must apply for at least 2000 shares. The price of each share is between ₹68 and ₹70.
Vishnusurya Projects and Infra IPO size is ₹50.00 crores.
Vishnusurya Projects and Infra IPO Price Band is ₹68 per equity share.
Vishnusurya Projects and Infra IPO allotment date is October 9, 2023.
Vishnusurya Projects and Infra IPO listing date is October 12, 2023. The IPO to list on NSE SME.