VVIP Infratech IPO
VVIP Infratech Ltd
₹1,09,200 /1200 sharesMinimum Investment
VVIP Infratech IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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23 Jul ‘24 - 25 Jul ‘24 | ₹1,09,200 | 1,200 | ₹91 - ₹93 |
VVIP Infratech Limited is an infrastructure development company. It is primarily involved in the business of civil and electrical contracting across various sectors. These infrastructure projects include sewer and sewer treatment plants (STPs), water tanks, water treatment plants, sector development works, electrical distribution, and substations up to 33 kVA, including projects for Jal Jeewan Mission.
In 2013, the company constructed two 56 MLD STPs using sequential batch reactor (SBR) technology.
The company’s project footprint covers Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern regions of India.
VVIP Infratech holds a 90.02% stake in its subsidiary, Vibhor Vaibhav Infrahome Private Limited (VVIHPL), established in 2007 as the group's real estate arm.;
Managing director
Mr. Vaibhav Tyagi
Parent organisation
VVIP Infratech Ltd
Strengths & Financials of VVIP Infratech
VVIP Infratech currently has an order book worth Rs 477.62 crore. Additionally, the company has bid for Rs 182 crore worth of tenders in Roorkee, Uttarakhand, which are awaiting evaluation.
It constructed two 56 MLD sewerage treatment plants (STPs) using sequential batch reactor (SBR) technology in 2013. This experience positions the company to bid for STP projects up to 90 MLD, covering about 75% of STP sizes in Indian cities.
The company has shown a consistent increase in revenue from operations. It rose from Rs 124.98 crore in FY21 to Rs 181.88 crore in FY22, and further to Rs 208.90 crore in FY23. In profit after tax (PAT), the company swung from a loss of Rs 1.62 crore in FY21 to a profit of Rs 3.17 crore in FY22 and further to Rs 11.70 crore in FY23.
The company engages in joint ventures to execute projects efficiently. Some of these ventures include KIPL-VVIP JV, VVIPL-BCPL joint venture, VVIP KKR JV, KVS joint venture, and TCPL VVIP JV.
VVIP Infratech and its affiliates are currently involved in various legal proceedings. Any adverse judgments in these cases could impact the company's operations.
The top 10 suppliers of VVIP Infratech accounted for 44%, 27.23%, 53.43%, and 41.94% of purchases for the period ending September 30, 2023, and financial years ending March 31, 2023, March 31, 2022, and March 31, 2021, respectively. Any loss of business from them could adversely affect the company.
As of September 30, 2023, the company had contingent liabilities worth Rs 35.67 crore. Should the need arise to pay these liabilities, it could affect the company's financial health.
VVIP Infratech participates in the competitive tender process for government projects. Failure to qualify for or execute future projects could adversely impact the company's business.
VVIP Infratech Financials
*All values are in Rs. Cr
Application Details of VVIP Infratech IPO
Apply as | Price band | Apply Range |
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Regular | ₹91 - 93 | ₹2 - 5 Lakh |
High Networth Individual | ₹91 - 93 | ₹2 - 5 Lakh |
For VVIP Infratech IPO, eligible investors can apply as Regular.