Virtual Galaxy Infotech IPO
smelistedAbout the company
Virtual Galaxy Infotech, founded in 1997 in Nagpur, is a SaaS-focused company providing core banking software, ERP implementation, customised software development, and IT services across BFSI, ERP, and E-Governance domains. The company is led by Avinash Narayanrao Shende and Sachin Purushottam Pande. Its flagship product, E-Banker, serves banks, NBFCs, and cooperative societies through both on-premises and SaaS delivery models. The company offers end-to-end services including consultation, solution design, implementation, and maintenance through license and subscription-based models.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed09 May 2025Bidding starts for all investor categories
IPO Closes
Completed14 May 2025Last day to place your bid
Basis of Allotment
Completed15 May 2025Share allotment finalised
Refund Initiation
Completed16 May 2025Refunds credited for non-allottees
Credit to Demat
Completed16 May 2025Allotted shares credited to demat account
Listing on Exchange
Completed19 May 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹142,000 | 1 | ₹142,000 | 1 lot only |
| HNI | 2 | 2000 | ₹284,000 | 2 | ₹284,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,357,401 | 46.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,007,220 | 13.95 | 0 | 0.00x | 100% |
| Retail | 35% | 2,350,180 | 32.55 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
