Vishnusurya Projects IPO Date, Review, Price, Allotment, Analysis

Vishnusurya Projects IPO Details: The scheduled date for Vishnusurya Projects IPO has been confirmed. The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹50 crores through this IPO. This sum includes a fresh issue of ₹50 crores via 7552942 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.

What is Vishnusurya Projects IPO

Vishnusurya Projects and Infra is a construction company that provides a range of services, including civil construction, electrical and mechanical works, and interior fit-out. The company has over 25 years of experience and has a presence in over 10 states in India.

Vishnusurya Projects and Infra is planning to raise ₹50.00 crores through its IPO, which is open from September 29 to October 4, 2023. The IPO price band is fixed at ₹68 per share. The minimum lot size for an application is 2000 shares.

The company plans to use the proceeds of the IPO to fund its expansion plans, including setting up new offices in key cities and investing in new technologies and equipment.

Objectives of Vishnusurya Projects and Infra IPO

The objectives of the Vishnusurya Projects and Infra IPO are as follows:

  • To fund the company’s expansion plans, including setting up new offices in key cities and investing in new technologies and equipment.
  • To improve the company’s brand awareness and visibility.
  • To provide an exit opportunity to existing investors.

Vishnusurya Projects and Infra IPO Date & Price Band Details

IPO Open:September 29, 2023
IPO Close:October 4, 2023
IPO Size:Approx ₹50.00 Crores, 7,352,942 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹68 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:50% of the net offer
NII Quota:50% of the net offer
DRHP Draft Prospectus:Click Here

Vishnusurya Projects and Infra IPO Market Lot

The Vishnusurya Projects and Infra IPO minimum market lot is 2000 shares with a ₹136,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹136,000
Retail Maximum12000₹136,000
S-HNI Minimum24000₹272,000

Vishnusurya Projects and Infra IPO Dates

The Vishnusurya Projects and Infra IPO date is September 29 and the IPO close date is October 4. The IPO allotment date is October 9 and the IPO might list on October 12.

IPO Open Date:September 29, 2023
IPO Close Date:October 4, 2023
Basis of Allotment:October 9, 2023
Refunds:October 10, 2023
Credit to Demat Account:October 11, 2023
IPO Listing Date:October 12, 2023

You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.

Vishnusurya Projects and Infra IPO Subscription Status

For the latest update on the Vishnusurya Projects and Infra IPO, you can check this dedicated page for IPO subscription status.

Vishnusurya Projects and Infra IPO Allotment Status

For the latest update on the Vishnusurya Projects and Infra IPO, you can check this dedicated page for IPO allotment status.

Vishnusurya Projects and Infra IPO Forms

For IPO form for the JSW Infrastructure IPO, you can check this dedicated page for IPO Forms.

Vishnusurya Projects and Infra Company Financials

According to the Vishnusurya Projects and Infra IPO prospectus, the company’s financials for the past three years are as follows:

Financial YearRevenue (₹ crores)Profit After Tax (₹ crores)
2022-23133.2612.45
2021-2296.048.74
2020-2172.346.23

As you can see, the company’s revenue and profit have grown steadily over the past three years. This is a good sign for investors, as it suggests that the company is well-managed and has a strong business model.

The company’s financials also show that it is profitable and has a healthy balance sheet. The company’s debt-to-equity ratio is 0.45, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.

Overall, the Vishnusurya Projects and Infra Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.

Vishnusurya IPO Pros & Cons

Pros:

  • Growing company with a strong track record
  • Experienced management team
  • Well-positioned to benefit from the growing demand for construction services in India
  • Reasonable valuation

Cons:

  • Small company with limited market share
  • Competitive landscape
  • IPO proceeds may not be sufficient to fund all of the company’s growth plans

Company Promoters

  • Bhavani Jayaprakash

Vishnusurya Projects and Infra IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/

Company Address

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/

Vishnusurya Projects IPO FAQs

What is Vishnusurya Projects and Infra IPO?

The IPO is set to enter the market on September 29th and conclude on October 4th. The company aims to gather approximately ₹50 crores through this IPO. This sum includes a fresh issue of ₹50 crores via 7552942 shares, each valued at ₹10.

When Vishnusurya Projects and Infra IPO will open?

The IPO will open on 29th September 2023.

What is Vishnusurya Projects and Infra IPO Investors Portion?

The retail quota is 50% and HNI is 50%.

How to Apply the Vishnusurya Projects and Infra IPO?

There are two ways to apply for the Vishnusurya Projects and Infra IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Vishnusurya Projects and Infra IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Vishnusurya Projects and Infra IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Vishnusurya Projects and Infra IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Vishnusurya Projects and Infra IPO is 2000 shares. This means that you must apply for at least 2000 shares. The price of each share is between ₹68 and ₹70.

What is Vishnusurya Projects and Infra IPO Size?

Vishnusurya Projects and Infra IPO size is ₹50.00 crores.

What is Vishnusurya Projects and Infra IPO Price Band?

Vishnusurya Projects and Infra IPO Price Band is ₹68 per equity share.

What is Vishnusurya Projects and Infra IPO Allotment Date?

Vishnusurya Projects and Infra IPO allotment date is October 9, 2023.

What is Vishnusurya Projects and Infra IPO Listing Date?

Vishnusurya Projects and Infra IPO listing date is October 12, 2023. The IPO to list on NSE SME.

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