Virtual Galaxy IPO GMP & Review: Apply or Avoid?

The Virtual Galaxy IPO is open for bidding on 9th May 2025. It is a bookbuilding IPO consisting of a fresh issue of 65,70,000 shares worth ₹93.29 crores. The issue will be listed on NSE and SME on its tentative listing date, 19th May 2025. 

Virtual Galaxy IPO Details 

The Virtual Galaxy IPO date is fixed between 9th May 2025 and 14th May 2025. The face value of Virtual Galaxy Infotech Limited shares stands at ₹10 per share, and the IPO price band is set between ₹135 and ₹142 per share. 

Maashitla Securities Private Limited is the registrar of Virtual Galaxy IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Virtual Galaxy IPO Share Reservation

Virtual Galaxy IPO is a bookbuilding IPO issue of 65,70,000 shares worth ₹93.29 crores. Virtual Galaxy Infotech shares will be listed on NSE and SME. Furthermore, the SEBI has specified the share reservation criteria for different investors’ categories. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Virtual Galaxy IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Virtual Galaxy IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 8th May 2025, Virtual Galaxy IPO GMP stands at ₹20 per share, which means the share will likely show a flat listing at ₹162 (142+20) on its tentative listing date, 19th May 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Virtual Galaxy IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Virtual Galaxy IPO Review

Check out the detailed Virtual Galaxy IPO review for a thorough understanding of its potential to report listing gains on 19th May 2025. The Virtual Galaxy IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business financials before applying for the Virtual Galaxy IPO.

Virtual Galaxy Infotech Limited’s revenue increased by 6.39% from ₹59.76 crore in March 2023 to ₹63.58 crore in March 2024. Moreover, the company’s PAT increased by 2,184.72% from ₹0.72 crore to ₹16.45 crore. 

Virtual Galaxy Limited has shown consistent revenue growth, indicating that the company is financially stable. So, one can have a positive outlook for Virtual Galaxy IPO for its tentative listing day, which is 19th May 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Virtual Galaxy IPO.

The PE ratio of Virtual Galaxy Limited shares is 15.71, and its Earnings Per Share (EPS) stands at 9.04. The Virtual Galaxy IPO can potentially deliver gains on its tentative listing date, 19th May 2025. 

Virtual Galaxy Limited Peer Comparison

Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Virtual Galaxy Infotech Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Virtual Galaxy IPO Subscription Status

The Virtual Galaxy IPO is all set to open for bidding on 9th May 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Virtual Galaxy IPO Subscription Status. 

About Virtual Galaxy Limited

Virtual Galaxy Infotech Limited was incorporated in September 1997 and is an IT services and consulting company based in Nagpur, Maharashtra. Virtual Galaxy delivers innovative software solutions, including Banking & Finance, ERP, E-Government, Web Services, Cloud Computing, Big Data, and IoT. Virtual Galaxy has more than 300 professionals dedicated to delivering high-quality software solutions for clients. 

Virtual Galaxy Infotech Limited Financials

The company’s financial analysis is essential before applying for the Virtual Galaxy IPO. Look at the table to learn about Virtual Galaxy Limited’s financials. 

Explanation

Virtual Galaxy Infotech Limited’s revenue increased by 6.39% from ₹59.76 crore in March 2023 to ₹63.58 crore in March 2024. Moreover, the company’s PAT increased by 2,184.72% from ₹0.72 crore to ₹16.45 crore. 

Virtual Galaxy IPO Bidding Requirements

Virtual Galaxy IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Virtual Galaxy IPO Promoter Holdings

Have a look at the table below to check the holdings of Virtual Galaxy Infotech Limited’s promoters: Avinash Narayanrao Shende and Sachin Purushottam Pande. 

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Virtual Galaxy IPO

The primary aim of Virtual Galaxy IPO is to raise ₹93.29 crores. On the other hand, Virtual Galaxy Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Virtual Galaxy IPO.

• To set up an additional development facility in Nagpur, Maharashtra. 
• To invest in procuring a GPU, server & storage system at the Data Centre.
• To fund business development and marketing activities.
• To meet general corporate purposes. 
• Repayment of certain outstanding borrowings availed by the company.

Should I Invest in Virtual Galaxy IPO?

“Virtual Galaxy Infotech Limited is a digital solutions provider for BFSI segment with related products and services. It posted average performance till FY23, but then it posted spectacular bottom lines that irks and raises concern over its sustainability. Based on its super performance, the issue appears fully priced. It has orders on hand worth Rs. 47+ cr. as of December 31, 2024. Well-informed investors may park funds for medium to long term.” ~ Dilip Davda (Editor at Chittorgarh Infotech Private Limited)

Explore the pros and cons of the Virtual Galaxy IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Virtual Galaxy IPO

• Diversified business across different verticals.
• Diversified revenue streams.
• Integrated software solutions.
• Quality assurance.

Cons of Virtual Galaxy IPO

• Sustainability concern.
• Highly competitive segment

How to Apply for Virtual Galaxy IPO?

Check the steps mentioned below to apply for the Virtual Galaxy IPO. 

• Step 1: Conduct thorough research on Virtual Galaxy IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 1,000 shares worth ₹1,42,000 of the Virtual Galaxy IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Virtual Galaxy IPO from more than one demat account to increase your allotment chances. 

How to Check Virtual Galaxy IPO Allotment Status?

You can check for Virtual Galaxy IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Virtual Galaxy IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Virtual Galaxy IPO allotment status.

Let’s Wrap

Virtual Galaxy IPO is a bookbuilding issue of 65,70,000 shares worth ₹93.29 crores. The shares of Virtual Galaxy Infotech Limited will be listed on the NSE and SME on its tentative listing date of 19th May 2025. Researching Virtual Galaxy IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Virtual Galaxy IPO

How is Virtual Galaxy IPO?

Ans. Currently, as of 8th May 2025, Virtual Galaxy IPO GMP stands at ₹20 per share, which means the share will likely show a flat listing at ₹162 (142+20) on its tentative listing date, 19th May 2025. It is a bookbuilding IPO consisting of a fresh issue of 65,70,000 shares worth ₹93.29 crores. The face value of Virtual Galaxy Infotech Limited shares stands at ₹10 per share, and the IPO price band is set between ₹135 to ₹142 per share.

What is Virtual Galaxy IPO price?

Ans. Virtual Galaxy IPO price band has been set between ₹135 to ₹142 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1,000 shares worth ₹1,42,000. Moreover, HNIs are required to bid for a minimum of 2 lots (2,000 shares) worth ₹2,84,000. 

Is Virtual Galaxy IPO good?

Ans. During FY23-24, Virtual Galaxy Infotech Limited’s revenue increased by 6.39% from ₹59.76 crore in March 2023 to ₹63.58 crore in March 2024. Moreover, the company’s PAT increased by 2,184.72% from ₹0.72 crore to ₹16.45 crore. Moreover, industry experts suggest applying for this IPO.

Who is the registrar of the Virtual Galaxy IPO?

Ans. Maashitla Securities Private Limited is the registrar of Virtual Galaxy IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any query regarding Virtual Galaxy IPO allotment and refund, you can contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96. 

What is the issue size of the Virtual Galaxy IPO? 

Ans. Virtual Galaxy IPO is the bookbuilding IPO for 65,70,000 shares worth ₹93.29 crore. It is entirely a fresh issue of 65,70,000 shares. Moreover, the IPO is set to open on 9th May 2025 and will be closed on 14th May 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about the Virtual Galaxy IPO, download the Virtual Galaxy IPO RHP and Virtual Galaxy IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.