Virtual Galaxy Infotech Limited IPO
Virtual Galaxy Infotech Limited IPO
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Virtual Galaxy Infotech Limited's successfully transitioned to public market status with its listing on NSE on 19-05-2025. The IPO mobilized 65,70,000 Shares in cumulative capital, including 65,70,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹135 to ₹142, with minimum investment lots of 1000 shares. subscription activity between 09-05-2025 and 14-05-2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 15-05-2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Virtual Galaxy IPO About Company
Virtual Galaxy Infotech Limited (VGIL), incorporated in 1997 and based in Nagpur, Maharashtra, is an IT services and consulting company offering technology products across Banking & Finance, ERP, e-Government, Cloud, Big Data, IoT and System Integration. Its flagship product “e-banker” is a core banking solution used by commercial banks, cooperative banks, NBFCs and SACCOs. The company serves more than 5,000 bank branches and also works with manufacturing, sugar, seeds, fertilizers, textiles and education industries. VGIL operates in over 15 states in India and also in Tanzania and Malawi. With 329 employees and multiple ISO certifications, the company focuses on automation, compliance and digital transformation.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Virtual Galaxy IPO Strength Factors
- Integrated BFSI Solutions: Provides end-to-end software products like “e-banker” specifically designed for BFSI clients.
- Diversified Sector Presence: Caters to multiple industries such as banking, manufacturing, agriculture, and education across domestic and global markets.
- Multiple Revenue Streams: Earns revenue from software products, consulting services, and system integration projects
Virtual Galaxy IPO Risk Factors
- Client Concentration Risk: Heavy reliance on the “e-banker” product and a few major clients could impact revenue if any key customer is lost.
- Order Dependency: Business depends on contracts from banks, government, and private clients, creating risk if orders are not secured or renewed.
- Geographic Concentration: Major revenue comes from Maharashtra, exposing the company to regional regulatory or economic uncertainties.
Virtual Galaxy IPO Lead Manager(s)
- Smart Horizon Capital Advisors Private Limited
Virtual Galaxy IPO Promoter(s)
- Avinash Narayanrao Shende
- Sachin Purushottam Pande
Virtual Galaxy IPO FAQs
Virtual Galaxy Infotech Limited IPO subscribed 215.08 times. The public issue subscribed 134.03 times in the retail category,129.72times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 11:12:46 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Virtual Galaxy IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Virtual Galaxy IPO FAQs
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The basis of allotment for Virtual Galaxy Infotech Limited IPO is available now.
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .