VVIP Infratech Ltd

VVIP Infratech IPO

VVIP Infratech Ltd

₹1,09,200 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,09,200
Price range
₹91 - ₹93
Lot size
1,200
Issue size
61.21 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

23 Jul 2024
IPO open date
25 Jul 2024
IPO close date
26 Jul 2024
Allotment date
26 Jul 2024
Funds unblock or debit
30 Jul 2024
Tentative listing date

About

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.;
Founded in
2001
MD/CEO
Mr. Vaibhav Tyagi
Parent organisation
VVIP Infratech Ltd

VVIP Infratech Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
125182209202120222023

Strengths & Risks

Strengths
Risks
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.

Application details

For VVIP Infratech IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹91 - ₹93₹2 - ₹5 Lakhs1200
High Networth Individual₹91 - ₹93₹2 - ₹5 Lakhs1200

Frequently Asked Questions