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Vishnusurya Projects and Infra IPO Detail 2023

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:

  1. Engineering, procurement, and construction
  2. Minimization of aggregate and production of manufactured sand
  3. Drones or unarmed aerial vehicles

Company Key Metrics

Earning Per Share (EPS)₹ 25.30 per Equity Share
ROE27.86%
ROCE31.22%
Return on Net Worth (RoNW)27.86%

Objects of the Issue,

  1. Funding of working capital requirements of the Company.
  2. Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
  3. General Corporate Purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth5,952.394,155.883,573.72
Total Assets12,105.2811,849.399,594.72
Reserve & Surplus5,043.993,660.483,078.32
Total Borrowings3,625.243,489.491,472.32
Total Revenue13,326.069,603.626,339.33
Profit After Tax1,736.642,158.97229.18
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 68 per share
Face Value₹ 10 per share
Market Lot2,000 shares
Issue Size7,352,942 shares (aggregating up to ₹ 50 crores)
Fresh Issue7,352,942 shares (aggregating up to ₹ 50 crores)
Listing AtNSE SME

Shareholding Pattern

Shareholding pre-issue17,259,671
Shareholding post issue24,612,613

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net offer
Other shares offered50% of the net offer
Retail shares offered50% 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 DateSeptember 29, 2023
Closing DateOctober 4, 2023
Basis of AllotmentOctober 9, 2023
Initiation of RefundsOctober 10, 2023
A credit of shares to Demat A/cOctober 11, 2023
Listing DateOctober 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 136,000
Retail (Maximum)12,000₹ 136,000
HNI (Minimum)24,000₹ 272,000

Promoters Holdings 

Bhavani Jayaprakash are the promoter of the company.

Pre-issue Shares Holdings88.74%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationVishnusurya 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: [email protected]
Website: https://www.vishnusurya.com/
IPO RegistrarCameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Manager(s)Khandwala Securities Limited

FAQs

The Vishnusurya Projects and Infra IPO price is ₹ 68 per share.

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.

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.

The Vishnusurya Projects and Infra IPO shares listing date is October 12, 2023.

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