Vishnusurya Projects and Infra IPO Detail 2023
Introduction
The Vishnusurya Projects and Infra IPO will open on September 27 and close on October 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 50 crore through this public offering, consisting of 7,352,942 shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 68 per share.
Vishnusurya Projects and Infra Limited (“the Company”)
Incorporated in 1996, Vishnusurya Projects and Infra Limited are engaged in the mining of rough stones and the manufacturing of aggregates and sand by using crushing plants and sand washing plants.
In addition to mining activities, this also engaged in EPC projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development.
The company has executed and delivered multiple real estate projects in the past, such as the construction of villas and multi-story apartments, specific contracts like compound walls, renovation works, site formation, etc., and the design and construction of various infrastructure projects for the government, autonomous bodies, and private bodies in the state of Tamil Nadu.
It is also engaged in buying, selling, and providing integrated solutions for drones as a service for surveillance, mapping, and surveying purposes.
Its business operations are broadly divided into the following categories:
- Engineering, procurement, and construction
- Minimization of aggregate and production of manufactured sand
- Drones or unarmed aerial vehicles
Company Key Metrics
| Earning Per Share (EPS) | ₹ 25.30 per Equity Share |
| ROE | 27.86% |
| ROCE | 31.22% |
| Return on Net Worth (RoNW) | 27.86% |
Objects of the Issue,
- Funding of working capital requirements of the Company.
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 5,952.39 | 4,155.88 | 3,573.72 |
| Total Assets | 12,105.28 | 11,849.39 | 9,594.72 |
| Reserve & Surplus | 5,043.99 | 3,660.48 | 3,078.32 |
| Total Borrowings | 3,625.24 | 3,489.49 | 1,472.32 |
| Total Revenue | 13,326.06 | 9,603.62 | 6,339.33 |
| Profit After Tax | 1,736.64 | 2,158.97 | 229.18 |
IPO details
As per the DRHP filed with SEBI, 7,352,942 shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. While Khandwala Securities Limited will be the lead manager for the IPO, Cameo Corporate Services Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 68 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 7,352,942 shares (aggregating up to ₹ 50 crores) |
| Fresh Issue | 7,352,942 shares (aggregating up to ₹ 50 crores) |
| Listing At | NSE SME |
Shareholding Pattern
| Shareholding pre-issue | 17,259,671 |
| Shareholding post issue | 24,612,613 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Vishnusurya Projects and Infra IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Vishnusurya Projects and Infra IPO
The issue opens for subscription on September 29, 2023, and closes for subscription on October 4, 2023 (both days inclusive). The basis of allotment will be finalised on October 9, 2023, and the refunds will be initiated on October 10, 2023. In addition, the demat credits are expected to happen on October 11, 2023, and the stock will be listed on the NSE SME on October 12, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 29, 2023 |
| Closing Date | October 4, 2023 |
| Basis of Allotment | October 9, 2023 |
| Initiation of Refunds | October 10, 2023 |
| A credit of shares to Demat A/c | October 11, 2023 |
| Listing Date | October 12, 2023 |
Lot Size
The lot size of the Vishnusurya Projects and Infra IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 136,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 136,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 136,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 272,000 |
Promoters Holdings
Bhavani Jayaprakash are the promoter of the company.
| Pre-issue Shares Holdings | 88.74% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Vishnusurya Projects and Infra Limited 2nd 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/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Khandwala Securities Limited |
FAQs
What is Vishnusurya Projects and Infra’s IPO price?
The Vishnusurya Projects and Infra IPO price is ₹ 68 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Vishnusurya Projects and Infra IPO contains 2,000 shares of ₹ 136,000.
When will the Vishnusurya Projects and Infra IPO allotment be available?
The finalisation of the basis of allotment for the Vishnusurya Projects and Infra IPO will be done on October 9, 2023, and the allotted shares will be credited to your demat account by October 11, 2023. Check the Vishnusurya Projects and Infra IPO allotment status.
When will the Vishnusurya Projects and Infra IPO be listed on exchanges?
The Vishnusurya Projects and Infra IPO shares listing date is October 12, 2023.
