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VirtualGalaxyInfotech IPO

Virtual Galaxy Infotech ipo

IPO Doc

Start Date09-05-2025

Application Timing10am-5pm

Price Range₹135 - ₹142

Min Qty1000

Min. Investment₹142000

Listing DateNA

Close Date14-05-2025

About Virtual Galaxy Infotech ipo

Virtual Galaxy Infotech Limited (VGIL), established in September 1997 and headquartered in Nagpur, Maharashtra, is a technology-driven IT services and consulting firm. The company specializes in delivering end-to-end software solutions to sectors such as Banking & Finance, ERP, E-Governance, Cloud Computing, IoT, Big Data, and System Integration.

With over two decades of experience, VGIL has empowered more than 5,000 bank branches and enterprises with its advanced technology solutions. Its flagship product, "e-banker", is a Core Banking Solution that helps financial institutions automate transactions, ensure regulatory compliance, and enhance decision-making processes.

VGIL follows a full-service model, offering consultation, solution design, implementation, and long-term maintenance. Its SaaS-based platforms and ERP solutions are customized to meet the evolving demands of BFSI and public sector clients.

Why To Invest in Virtual Galaxy Infotech ipo

Strong Financial Growth
VGIL has shown robust financial performance with revenue increasing from 43.44 Cr (FY22) to ?101.37 Cr (9M FY24). Profit after tax jumped from 0.40 Cr (FY22) to 27.42 Cr (9M FY24), reflecting operational efficiency and scalability.

High Return Metrics
The company boasts a Return on Equity (ROE) of 53.52% and Return on Net Worth (RoNW) of 39.95%, indicating excellent capital utilization.

Growing SaaS Demand
Operating in the high-demand SaaS and IT services domain especially in core banking and ERP VGIL is well-positioned for future growth amid India's digital transformation wave.

Diversified Revenue Streams
VGIL caters to multiple industries, reducing overdependence on any one sector. It offers services from software development to cloud infrastructure and managed IT services.

Strategic Use of IPO Proceeds
Funds raised will be used for infrastructure expansion, product enhancement, debt reduction, and business development, which are expected to boost future performance.

Financial Table

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	116.93	84.36	67.80
Revenue	63.58	59.76	43.44
Profit After Tax	16.54	0.72	0.40
Net Worth	41.40	20.40	20.14
Reserves and Surplus	30.40	9.40	9.14
Total Borrowing	38.64	38.85	35.56

Strengths And Risks

Established Brand & Experience: Over 25 years of market presence and over 5,000 clients served.

High Profit Margins: PAT margin of 26.04% shows strong profitability.

Scalable SaaS Business Model: High recurring revenue potential with customizable IT products.

Strong Technical Team: Capability to deliver end-to-end solutions, including post-implementation support.

Sector Dependency: Heavy reliance on BFSI and government contracts may impact revenues if these sectors face regulatory or budget constraints.

Rapid Tech Changes: Fast-evolving technology landscape requires continuous R&D and innovation.

Working Capital Intensive: As with many IT services firms, maintaining liquidity for operations and expansion is critical.

Competitive Industry: Faces competition from both domestic and global IT solution providers.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

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Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
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Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
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All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

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VirtualGalaxyInfotech IPO

About Virtual Galaxy Infotech ipo

Why To Invest in Virtual Galaxy Infotech ipo