Vishnusurya Projects and Infra IPO Date, Price, Subscription, Allotment, Listing Details
Vishnusurya Projects and Infra Limited, Incorporated in 1996, is involved in the mining of rough stones and the manufacturing of aggregates and manufactured sand through Crushing Plants and Sand washing plants.
The company operates in three main business verticals:
- Engineering, Procurement, and Construction (EPC): Vishnusurya Projects and Infra Limited offers a wide range of capabilities in property development and the real estate industry. This includes construction projects in commercial and mixed developments, IT and institutional spaces, retail malls, offices, industrial parks, residential projects, luxury villas, resorts, factories, warehouses, stadiums, exhibition and convention centers, entertainment facilities, industrial construction, and brownfield development.
- Mining of Aggregates and Manufactured Sand Production: The company owns and operates two quarries in Tamil Nadu, India. The first quarry, spanning 105 acres in Aruppukottai, Virudhunagar District, Tamil Nadu, handles rock breaking, rock auguring operations, and features a crushing machine capable of producing 250 tonnes per hour along with 100 tonnes of sand washing simultaneously. The second aggregates and manufactured sand unit is situated in Vandavasi, Tiruvannamalai District, Tamil Nadu, and is equipped with a crushing machine capable of handling 350 tonnes and 150 tonnes of sand washing at any given time. This facility is located 100 km from Chennai.
- Drones or Unmanned Aerial Vehicles (UAVs): Vishnusurya Projects and Infra Limited is involved in the use of drones or unarmed aerial vehicles for various applications.
The company has earned Class I contractor accreditation from several departments and agencies, including the Greater Chennai Corporation (GCC), the Government of Tamil Nadu Water Resources Department, the Tamil Nadu Water Supply and Drainage Board, and the Highways Department. This accreditation allows the company to participate in and undertake projects awarded by various other government departments and agencies.
Objects of the Issue (Vishnusurya Projects and Infra IPO Objectives)
The company plans to use the net proceeds from the issue for the following purposes:
- Funding Working Capital Requirements: To support the company’s ongoing operational needs.
- Repayment or Prepayment: To partially or fully repay certain existing borrowings obtained by the company.
- General Corporate Purposes: To address various general corporate needs and initiatives.
Vishnusurya Projects and Infra IPO Details
The Vishnusurya Projects and Infra IPO represents a fixed-price offering valued at ₹50.00 crores. This IPO comprises solely of 7,352,942 fresh shares.
IPO Date | September 29, 2023 to October 4, 2023 |
Listing Date | October 12, 2023 |
Face Value | ₹10 per share |
Price | ₹68 per share |
Lot Size | 2000 Shares |
Total Issue Size | 7,352,942 shares (aggregating up to ₹50.00 Cr) |
Fresh Issue | 7,352,942 shares (aggregating up to ₹50.00 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 17,259,671 |
Share holding post issue | 24,612,613 |
DRHP Draft Prospectus: | Click Here |
Vishnusurya Projects and Infra IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Vishnusurya Projects and Infra IPO Lot Size
Investors can bid for a minimum of 2000 shares and increase their bids in multiples of 2000 shares. The table below outlines the minimum and maximum investment limits for retail investors and HNIs in both shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹136,000 |
Retail (Max) | 1 | 2000 | ₹136,000 |
HNI (Min) | 2 | 4,000 | ₹272,000 |
Vishnusurya Projects and Infra IPO Dates
Vishnusurya Projects and Infra IPO opens on September 29, 2023, and closes on October 4, 2023.
IPO Open Date | Friday, September 29, 2023 |
IPO Close Date | Wednesday, October 4, 2023 |
Basis of Allotment | Monday, October 9, 2023 |
Initiation of Refunds | Tuesday, October 10, 2023 |
Credit of Shares to Demat | Wednesday, October 11, 2023 |
Listing Date | Thursday, October 12, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Vishnusurya Projects and Infra Limited Financial Report
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 |
Key Performance Indicator of Vishnusurya Projects and Infra
KPI | Values |
---|---|
ROE | 27.86% |
ROCE | 31.22% |
EPS (Rs) | 25.3 |
RoNW | 27.86% |
Vishnusurya Projects and Infra IPO Promoter Holding
Bhavani Jayaprakash is the company’s promoter.
Share Holding Pre Issue | 88.74% |
Share Holding Post Issue | – |
Vishnusurya Projects and Infra IPO Contact Details
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 and Infra IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Vishnusurya Projects and Infra IPO FAQs
What is Vishnusurya Projects and Infra IPO?
Vishnusurya Projects and Infra IPO is a Small and Medium Enterprises (SME) IPO comprising 7,352,942 equity shares with a face value of ₹10 each, totaling ₹50.00 Crores. The IPO is priced at ₹68 per share, and the minimum order quantity is 2000 Shares. The IPO subscription period is from September 29, 2023, to October 4, 2023.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the NSE SME platform.
How can I apply for Vishnusurya Projects and Infra IPO through Zerodha?
Zerodha customers can apply for Vishnusurya Projects and Infra IPO online using the UPI payment gateway. To apply through Zerodha, log in to your Zerodha Console (back office) account and submit the IPO application form.
Here are the steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Locate the ‘Vishnusurya Projects and Infra IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will Vishnusurya Projects and Infra IPO open?
The Vishnusurya Projects and Infra IPO will be open for subscription from September 29, 2023, to October 4, 2023.
What is the lot size for Vishnusurya Projects and Infra IPO?
The lot size for Vishnusurya Projects and Infra IPO is 2000 Shares, and the minimum investment amount required is ₹136,000.
How can I apply for Vishnusurya Projects and Infra IPO?
You can apply for Vishnusurya Projects and Infra IPO online using either the UPI or ASBA payment method. ASBA IPO application can be done through your bank’s net banking facility. UPI IPO application is available through brokers that offer UPI services. You can find more details about applying for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Vishnusurya Projects and Infra IPO allotment take place?
The Basis of Allotment for Vishnusurya Projects and Infra IPO will be finalized on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Wednesday, October 11, 2023. You can check the Vishnusurya Projects and Infra IPO allotment status for details.
When is the Vishnusurya Projects and Infra IPO listing date?
The listing date for Vishnusurya Projects and Infra IPO has not been announced yet. The tentative listing date for the IPO is Thursday, October 12, 2023.