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Vishnusurya Projects and Infra IPO is a fixed price issue of Rs 49.98 crores. The issue is entirely a fresh issue of 73.5 lakh shares.
Vishnusurya Projects and Infra IPO bidding started from September 29, 2023 and ended on October 5, 2023. The allotment for Vishnusurya Projects and Infra IPO was finalized on Monday, October 9, 2023. The shares got listed on NSE SME on October 10, 2023.
Vishnusurya Projects and Infra IPO price is ₹68 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹272,000.
Khandwala Securities Limited is the book running lead manager of the Vishnusurya Projects and Infra IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Vishnusurya Projects and Infra IPO is Nikunj Stock Brokers.
Refer to Vishnusurya Projects and Infra IPO RHP for detailed information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 10, 2023 |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7,350,000 shares (aggregating up to ₹49.98 Cr) |
| Fresh Issue | 7,350,000 shares (aggregating up to ₹49.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,259,671 |
| Share holding post issue | 24,609,671 |
| Market Maker portion | 370,000 shares Nikunj Stock Brokers |
Vishnusurya Projects and Infra IPO offers 7,350,000 shares. 3,490,000 (47.48%) to NII, 3,490,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 370,000 (5.03%) |
| Other Shares Offered | 3,490,000 (47.48%) |
| Retail Shares Offered | 3,490,000 (47.48%) |
| Total Shares Offered | 7,350,000 (100%) |
Vishnusurya Projects and Infra IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Thursday, October 5, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Tuesday, October 10, 2023 |
| Listing Date | Tuesday, October 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 5, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
| Lot Size Calculator | |||
Bhavani Jayaprakash is the company's promoter.
| Share Holding Pre Issue | 88.74% |
| Share Holding Post Issue | 62.24% |
Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
The company has three business verticals:
The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,594.72 | 11,849.39 | 12,105.28 |
| Revenue | 6,339.33 | 9,603.62 | 13,326.06 |
| Profit After Tax | 229.18 | 2,158.97 | 1,736.64 |
| Net Worth | 3,573.72 | 4,155.88 | 5,952.39 |
| Reserves and Surplus | 3,078.32 | 3,660.48 | 5,043.99 |
| Total Borrowing | 1,472.32 | 3,489.49 | 3,625.24 |
The market capitalization of Vishnusurya Projects and Infra IPO is Rs 167.35 Cr.
| KPI | Values |
|---|---|
| ROE | 27.86% |
| ROCE | 31.22% |
| Debt/Equity | 1.03 |
| RoNW | 27.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 25.3 | |
| P/E (x) | 2.69 | 9.63 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is in the infrastructure construction and related service segment. It has posted growth in its top and bottom lines for the reported periods. It has orders on hand worth Rs. 161+ cr. as of August 31, 2023. Based on FY23 earnings, the issue appears reasonably priced. Investors may park funds for medium to long-term rewards. Read detail review...
The Vishnusurya Projects and Infra IPO is subscribed 44.11 times on October 5, 2023 7:29:00 PM. The public issue subscribed 43.63 times in the retail category, times in the QIB category, and 36.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 36.32 |
| Retail | 43.63 |
| Total | 44.11 |
Total Application : 76,130 (43.63 times)
| Listing Date | October 10, 2023 |
| BSE Script Code | |
| NSE Symbol | VISHNUINFR |
| ISIN | INE0PQ001012 |
| Final Issue Price | ₹68 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹68.00 |
| ₹73.00 |
| ₹73.00 |
| ₹76.65 |
| ₹76.65 |
Vishnusurya Projects and Infra Limited
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street, Mylapore,
Chennai - 600 004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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Vishnusurya Projects and Infra IPO is a SME IPO of 7,350,000 equity shares of the face value of ₹10 aggregating up to ₹49.98 Crores. The issue is priced at ₹68 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vishnusurya Projects and Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Vishnusurya Projects and Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishnusurya Projects and Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishnusurya Projects and Infra IPO opens on September 29, 2023 and closes on October 5, 2023.
Vishnusurya Projects and Infra IPO lot size is 2000 Shares, and the minimum amount required is ₹136,000.
You can apply in Vishnusurya Projects and Infra IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vishnusurya Projects and Infra IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 10, 2023. Check the Vishnusurya Projects and Infra IPO allotment status.
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