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V.L.Infraproject IPO
V.L.Infraprojects Ltd
₹1,17,000 /3000 sharesMinimum Investment
V.L.Infraproject IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 23 Jul ‘24 - 25 Jul ‘24 | ₹1,17,000 | 3,000 | ₹39 - ₹42 |
| Issue Size | IPO Doc |
|---|---|
| 18.52Cr | RHP PDF |
About V.L.Infraproject
Founded in
2014
Managing director
Mr. Rajagopal Reddy
Parent organisation
V.L.Infraprojects Ltd
Strengths & Financials of V.L.Infraproject
Strengths
Risks
Over the years, V L Infraprojects Limited has completed about 30 projects valued at Rs 104.86 crore. This highlights the company’s ability to handle large, multiple projects simultaneously. As of March 27, 2024, the company is actively managing 14 ongoing projects worth around Rs 327.55 crore.
It holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health and safety management.
The company has notched up a consistent increase in revenue from operations and profit after tax (PAT) over the years. The former rose from Rs 30.72 crore in FY21 to Rs 35.55 crore in FY22, and further to Rs 45.56 crore in FY23. PAT, too, increased from Rs 0.83 crore in FY21 to Rs 1.10 crore in FY22 to Rs 2.23 crore in FY23.
V L Infraprojects has experience in water supply projects (WSPs). These projects include the construction and development of pipelines, water tanks, reservoirs, tunnels, overhead tanks, water treatment plants, and irrigation projects. Currently, the company’s order book includes WSPs set for execution across Madhya Pradesh, Telangana, and Gujarat as of December 31, 2023.
The company is a government-approved AA Class contractor for the government of Gujarat, a civil/electrical contractor license holder of the Karnataka State Public Works Department, special class registration with the Government of Telangana, and contractor registration with the government of Madhya Pradesh.
V L Infraprojects relies on Gujarat for most of its revenues. Any negative changes in the business environment in this region could significantly impact the company's business performance and financial health.
Revenue from the company’s top 10 clients accounted for nearly 100% of total revenue in the last three fiscal years. Thus, the loss of any key client could negatively impact the company's financial stability and prospects.
V L Infraprojects is currently involved in several legal disputes. Any unfavourable judgment in any of these cases could harm the company's operational results.
As of September 30, 2023, V L Infraprojects’ debt level stood at Rs 13.85 crore. Any inability to service or repay this debt on time could negatively impact the company’s business operations.
As of September 30, 2023, the company had Rs 6.27 crore in contingent liabilities that have not been acknowledged as debts. Should these debts materialise, it would negatively impact the company’s business.
V.L.Infraproject Financials
*All values are in Rs. Cr
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Application Details of V.L.Infraproject IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹39 - 42 | ₹2 - 5 Lakh |
| High Networth Individual | ₹39 - 42 | ₹2 - 5 Lakh |
For V.L.Infraproject IPO, eligible investors can apply as Regular.