What is the issue size of Virtual Galaxy Infotech Ltd IPO?

The issue size of the Virtual Galaxy Infotech Ltd IPO is 932900000.00.

What is 'pre-apply' for Virtual Galaxy Infotech Ltd IPO?

Pre-apply will allow you to apply for the Virtual Galaxy Infotech Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Virtual Galaxy Infotech Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Virtual Galaxy Infotech Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Virtual Galaxy Infotech Ltd IPO order is placed?

We will notify you when your Virtual Galaxy Infotech Ltd IPO order is placed with the exchange.

What are the open and close dates of the Virtual Galaxy Infotech Ltd IPO?

Virtual Galaxy Infotech Ltd IPO will be open between 09 May '25 and 14 May '25.

What is the lot size and minimum order quantity of the Virtual Galaxy Infotech Ltd IPO?

Virtual Galaxy Infotech Ltd IPO lot size is 1000 and minimum order quantity is 2000.

What is the allotment date for the Virtual Galaxy Infotech Ltd IPO?

Virtual Galaxy Infotech Ltd IPO allotment date is 15 May '25. For Virtual Galaxy Infotech Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Virtual Galaxy Infotech Ltd IPO?

For Virtual Galaxy Infotech Ltd, the IPO registrar is MSPL. You can check Virtual Galaxy Infotech Ltd IPO allotment status on the website of the registrar.

Where is the Virtual Galaxy Infotech Ltd IPO getting listed?

The shares are proposed to be listed on the NSE - SME.

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Virtual Galaxy Infotech IPO

Virtual Galaxy Infotech Ltd

₹1,35,000 /1000 sharesMinimum Investment

Virtual Galaxy Infotech IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
--₹142.00₹180.00₹38.00 (26.76%)
Virtual Galaxy Infotech IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
9 May ‘25 - 14 May ‘25₹1,35,0001,000₹135 - ₹142
Issue SizeIPO Doc
93.29CrRHP PDF
Subscription rateAs of 14 May'25, 05:00 PM
Qualified Institutional Buyers129.72x
Non-Institutional Investor590.52x
Retail Individual Investor128.29x
Total212.39x
About Virtual Galaxy Infotech
Virtual Galaxy Infotech is a software-as-a-service (SaaS) product-focused company providing software solutions for the banking, financial services, and insurance (BFSI), enterprise resource planning (ERP), and e-governance sectors. The company specialises in core banking software, ERP implementation, and customised software development. Their services include consultation, solution design, implementation, and post-implementation support. Some of their key offerings include e-Banker, a core banking solution; IBS-ERP, an ERP solution for SMEs; and e-APMC, an e-governance solution for Agricultural Produce Market Committees (APMCs). 
The company offers solutions through both on-premises and SaaS models, catering to a wide range of industries such as banking, microfinance, and agriculture.
The company operates from its registered office in Nagpur, Maharashtra, and serves clients across India, including Maharashtra, Goa, Uttar Pradesh, and Rajasthan, with an international presence in Tanzania and Malawi. Virtual Galaxy Infotech has several quality certifications, including ISO 9001:2015, and employs over 300 people.;Founded in
1997
Managing director
Mr Sachin Purushottam Pande
Parent organisation
Virtual Galaxy Infotech Ltd
Strengths & Financials of Virtual Galaxy InfotechStrengths
Risks
Virtual Galaxy Infotech claims to provide an all-inclusive platform for the BFSI sector through its integrated software solutions. The company’s core banking solution, e-Banker, offers a broad range of functionalities such as asset liability management (ALM), anti-money laundering (AML), and fraud risk management systems (FRMS), among others. By offering end-to-end solutions across multiple payment channels and compliance systems, the company aims to help financial institutions streamline operations and enhance customer service.
The company claims to serve a wide range of industries, including BFSI, ERP, and e-governance. Virtual Galaxy Infotech claims to work with diverse clients, such as commercial banks, cooperative banks, NBFCs, and government entities like the Maharashtra Labour Welfare Board and Maharashtra State Agricultural Marketing Board (MSAMB). 
Virtual Galaxy Infotech claims to have a diversified revenue model that includes income from software licences, subscriptions, implementation services, technical support, and annual maintenance contracts (AMC). The company claims that its broad revenue ensures it is not overly reliant on any single revenue stream, providing a balanced and resilient financial foundation.
Virtual Galaxy Infotech claims to maintain strong, long-term relationships with its customers, enabling them to cross-sell a broad range of products and services. The company benefits from recurring revenues, AMC, SaaS purchases, and periodic technical support. In addition, non-recurring revenues are generated from new product licences, add-on features, and implementation charges. For the period ended December 31, 2024, Virtual Galaxy Infotech's revenue from existing customers was Rs 69.13 crore, and new customer revenue amounted to Rs 32.12 crore. 
The company is ISO 9001:2015 certified for quality management systems, ISO/IEC 27001:2013 certified for information security management systems, ISO/IEC 20000-1:2018 certified for IT service management, and ISO/IEC 23001-7:2023 certified for IT disaster recovery and business continuity.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 43.32 crore in FY22 to Rs 59.68 crore in FY23, finally reaching Rs 63.50 crore in FY24. PAT also increased from Rs 0.40 crore in FY22 to Rs 0.72 crore in FY23, finally hitting Rs 16.54 crore in FY24.
Virtual Galaxy Infotech Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Virtual Galaxy Infotech IPOApply asPrice bandApply upto
Regular₹135 - 142₹2 Lakh
High Networth Individual₹135 - 142₹2 - 5 Lakh
For Virtual Galaxy Infotech IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
--	₹142.00	₹180.00	₹38.00 (26.76%)

Bidding Dates	Min. Investment	Lot Size	Price Range
9 May ‘25 - 14 May ‘25	₹1,35,000	1,000	₹135 - ₹142

Issue Size	IPO Doc
93.29Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹135 - 142	₹2 Lakh
High Networth Individual	₹135 - 142	₹2 - 5 Lakh

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Qualified Institutional Buyers	129.72x
Non-Institutional Investor	590.52x
Retail Individual Investor	128.29x
Total	212.39x