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Virtual Galaxy Infotech Limited

  • Minimum Investment
    ₹1,35,000
  • Price Range
    ₹135 - ₹142
  • Issue Size
    ₹93.29 Cr
  • Lot Size
    1000 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

Download RHP DocumentGet more in-depth details about this IPO.

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

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
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Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Virtual Galaxy Infotech Limited

Virtual Galaxy Infotech Ltd. was incorporated on September 12, 1997. The company is a SaaS provider offering core banking software, ERP, IT, and e-governance solutions. It serves banks, NBFCs, and government bodies with products like E-Banker, IBS-ERP, and V-Pay, delivering end-to-end software development, implementation, and support services.
  • Promoter
    Sachin Purushottam Pande
  • Promoter
    Avinash Narayanrao Shende

Virtual Galaxy Infotech Limited IPO FAQs

What is Virtual Galaxy Infotech Limited IPO?

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Virtual Galaxy Infotech Limited IPO refers to the initial public offering of shares by Virtual Galaxy Infotech Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

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

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For Virtual Galaxy Infotech Limited IPO the issue size is ₹93 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Virtual Galaxy Infotech Limited IPO?

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For Virtual Galaxy Infotech Limited IPO the minimum investment is ₹1,35,000. The minimum investment for Virtual Galaxy Infotech Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Virtual Galaxy Infotech Limited IPO?

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For Virtual Galaxy Infotech Limited IPO the lot size is 1000 shares. The lot size of Virtual Galaxy Infotech Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Virtual Galaxy Infotech Limited IPO on Share.Market?

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To apply for Virtual Galaxy Infotech Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Virtual Galaxy Infotech Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Virtual Galaxy Infotech Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Virtual Galaxy Infotech Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Virtual Galaxy Infotech Limited IPO?

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For Virtual Galaxy Infotech Limited IPO the allotment date is May 15, 2025. The allotment date of Virtual Galaxy Infotech Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

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

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For Virtual Galaxy Infotech Limited IPO, the subscription opens on May 9, 2025 and closes on May 14, 2025. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
231.46x Oversubscribed
Trade
Bidding Ongoing
-
Total Subscription
231.46x Oversubscribed
Trade