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V.L.Infraprojects IPO
Price Band
₹39.0–42.0
Issue Size
₹18.52 Cr
Lot Size
3,000 shares
Min Investment
₹126,000
GMP
+₹60.0 (142.86%)
Issue Price
₹42.0
Subject to Sauda
₹136800
Paid only if allotted
V.L.Infraprojects IPO AI Summary
- V.L.Infraprojects IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹39.0–₹42.0 per share, lot size 3,000 shares (min. investment ₹126,000).
- Subscription window: 23 Jul–25 Jul 2024, listing on 30 Jul 2024.
- Current GMP is +₹60.0 (142.86%), an estimated listing price of ₹102 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
V.L.Infraprojects IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Jul 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
V.L.Infraprojects IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+142.86%
Est. Listing
₹102.0
Updated: 25 Jul 2026 14:05
About the Company
V.L.Infraprojects Limited was founded in 2014 and offers the planning, construction, and commissioning of various government projects, especially in the field of water infrastructure and irrigation. The company is engaged in the execution of water supply and wastewater infrastructure projects which mainly include procurement of pipes and their laying, connection, and commissioning with backward integration, including all related civil engineering works such as civil works, pumping stations, and installation of electro-mechanical equipment (pumping machines) for distribution of water supply from river to household. The company also provides operation and maintenance services for water pipelines. The company is a Class AA approved contractor by the Government of Gujarat, holds a civil/ electrical contractor license from the Karnataka State Public Works Department, is registered with the Government of Telangana in a special class, and is approved as a contractor by the Government of Madhya Pradesh. As of March 31, 2024, the company had a total of 30 employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 56.91 | 28.36 | 19.55 | 16.41 |
| Total Income | 114.00 | 45.65 | 35.61 | 30.78 |
| Profit After Tax | 6.14 | 2.23 | 1.11 | 0.83 |
| NET Worth | 16.36 | 10.22 | 7.31 | 6.20 |
| Reserves and Surplus | 5.06 | 2.69 | 4.57 | 3.46 |
| Total Borrowing | 16.55 | 9.99 | 10.04 | 6.59 |
Key Ratios
EPS
₹5.43
NAV
₹14.47
ROE
46.20%
ROCE
39.09%
RoNW
37.53%
P/B Value
2.90
P/E Ratio
7.73
Market Cap
₹65.99 Cr
PAT Margin
5.39%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ems Limited | 151.29 | 19.11% | 13.92 | 28.91 | 28.91 |
| V.L. Infraprojects Limited This IPO | 14.47 | 37.53% | 7.73 | 5.43 | 5.43 |
Promoters
Rajagopal Reddy Annam Reddy, Mydhili Rajagopal Reddy and Nageswara Rao Repuri
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital requirements 14.80 2 General Corporate Purposes 1.69 Total 16.49
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹35.61 Cr in the period ending 31 Mar 2022, rising to ₹45.65 Cr by 31 Mar 2023, and further increasing to ₹114.00 Cr by 31 Mar 2024. This shows a significant growth trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹0.83 Cr for the period ending 31 Mar 2021, increasing to ₹1.11 Cr by 31 Mar 2022, and then to ₹2.23 Cr by 31 Mar 2023. By 31 Mar 2024, it further rose to ₹6.14 Cr. This indicates a strong upward trend in profitability over the periods analyzed.
Valuation
At the issue price of ₹42.0, V.L. Infraprojects Limited has an implied P/E of 7.73 based on its EPS of ₹5.43. In comparison, peers like Ems Limited are trading at a P/E of 13.92.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the unofficial market before the actual listing. A high GMP suggests strong demand, while a low GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It's important to consider the fundamentals and future prospects of the business.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed returns may want to avoid investing in IPOs, as they can be subject to market fluctuations and uncertainties.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor could make if they sell their shares on the listing day at a price higher than the issue price. However, listing gains are not guaranteed and can vary based on market conditions. Investors should be aware that the stock price may fluctuate significantly after listing.
This evaluation is generated from V.L.Infraprojects's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is V.L.Infraprojects IPO GMP today?
V.L.Infraprojects IPO GMP today is +₹60.0 (142.86%), indicating an estimated listing price of ₹102. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of V.L.Infraprojects IPO?
The price band of V.L.Infraprojects IPO is ₹39.0–₹42.0 per share.
When does V.L.Infraprojects IPO open and close?
V.L.Infraprojects IPO opens on 23 July 2024 and closes on 25 July 2024.
When does V.L.Infraprojects IPO list on the stock exchange?
V.L.Infraprojects IPO listed on 30 July 2024 at ₹102.0.
What is the lot size for V.L.Infraprojects IPO?
The lot size for V.L.Infraprojects IPO is 3000 shares, requiring a minimum investment of ₹126,000.
What is the price band for the IPO?
The price band for the IPO is ₹39.0 to ₹42.0.
What is the minimum investment required?
The minimum investment required is ₹126,000, which corresponds to a lot size of 3000 shares.
When is the IPO open for subscription?
The IPO is open for subscription from July 23, 2024, to July 25, 2024.
What is GMP?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
When will the shares be listed?
The shares are expected to be listed on July 30, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jul 2024
Close
25 Jul 2024
Allotment
26 Jul 2024
Listing
30 Jul 2024
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