Virtual Galaxy Infotech Limited
- Minimum Investment₹1,35,000
- Price Range₹135 - ₹142
- Issue Size₹93.29 Cr
- Lot Size1000 shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 2000 shares after listing.
Proceeds of this IPO to be used for
Capital expenditure towards setting up an additional development facility in Nagpur, Maharashtra
Repayment/ prepayment of certain borrowings availed
Investment in procuring a GPU, server & storage system at a data centre
Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring
Funding for business development and marketing activities
General corporate purpose
Strengths & Weaknesses of Virtual Galaxy Infotech Limited
Integrated platform
The company offers a one-stop software solution for banks and financial institutions through its E-Banker platform, which supports core banking, compliance, fraud detection, payments, and digital services
Multiple business verticals
The company operates across diverse sectors, serving clients in banking, financial services, ERP, and e-governance. Its customer base includes banks, NBFCs, cooperatives, corporates across industries like sugar and textiles, as well as government bodies such as the Maharashtra Labour Welfare Board and MSAMB
Rigorous quality assurance
The company follows strict quality assurance practices, testing software thoroughly in sandbox and production environments before deployment. Its QA process ensures a seamless user experience and has earned global certifications
High client concentration
The company earns most of its revenue from banks, government bodies, and private sector clients through project-based contracts in core banking, ERP, and e-governance. This dependence on a limited number of clients and varying project volumes poses a risk to its financial stability, as losing or failing to secure key orders may significantly impact its business performance
Dependence on competitive bidding
The company relies heavily on winning IT software and infrastructure projects through competitive bidding, which introduces unpredictability in its revenue. Failure to consistently pre-qualify, compete effectively, or win bids—especially in the absence of suitable partners—may limit growth and impact financial performance
Exposure to cybersecurity threats
The company faces potential risks from cybersecurity threats such as phishing, hacking, data theft, and advanced persistent threats. Despite existing safeguards, unauthorized access or data breaches—whether internal or external—could compromise client information and damage the company’s reputation
Financials
Earnings Per Share
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About Virtual Galaxy Infotech Limited
- PromoterSachin Purushottam Pande
- PromoterAvinash Narayanrao Shende