Virtual Galaxy Infotech IPO Allotment in Focus Today: Latest GMP, Allotment Status, and Listing Details

Nagpur, May 15, 2025 – Investors eagerly await the allotment results of Virtual Galaxy Infotech Limited's Initial Public Offering (IPO), which concluded on May 14, 2025. The IPO witnessed an overwhelming response, being subscribed over 220 times, reflecting robust investor confidence in the company's prospects.(@EconomicTimes)

IPO Overview

Virtual Galaxy Infotech, a Nagpur-based IT services and consulting firm, opened its SME IPO on May 9, aiming to raise ₹93.29 crore through a fresh issue of 65.70 lakh equity shares. The price band was set at ₹135–₹142 per share, with a minimum lot size of 1,000 shares, requiring a minimum investment of ₹1,35,000 for retail investors. (@EconomicTimes)

Allotment Details

The allotment of shares is scheduled for May 15, 2025. Investors can check their allotment status through the following methods:(Chittorgarh)

1. Registrar's Website (Maashitla Securities):

   • Visit Maashitla Securities IPO Allotment Page.

   • Select 'Virtual Galaxy Infotech IPO' from the dropdown.

   • Enter your PAN, Application Number, or DP Client ID.

   • Click 'Submit' to view your allotment status.(ipodekho.in, Chittorgarh, Finance Saathi)

2. NSE Website:

   • Navigate to NSE IPO Allotment Status.

   • Follow the prompts to check your status.(Business Standard)

3. Broker Platforms:

   • Log in to your broker's platform (e.g., Zerodha, Angel One).

   • Go to the IPO section and select 'Virtual Galaxy Infotech IPO' to check the status.(Angel One)

Refunds for non-allotted applications will be initiated on May 16, 2025, and shares will be credited to successful applicants' Demat accounts on the same day. (ipodekho.in)

Grey Market Premium (GMP) Insights

The Grey Market Premium (GMP) for Virtual Galaxy Infotech's IPO has been robust, indicating strong listing day gains:(Republic World)

• As of May 13, 2025, the GMP stood at ₹80, suggesting an expected listing price of ₹222, a 56% premium over the upper price band. (Equitypandit)

• Market observers have noted GMP fluctuations between ₹70 to ₹88 in recent days, reflecting sustained investor interest. (@EconomicTimes)

Company Profile

Incorporated in 1997, Virtual Galaxy Infotech specializes in providing IT solutions, including core banking software, ERP systems, and customized software for sectors like BFSI, ERP, and e-governance. The company's flagship product, E-Banker, serves banks, societies, and NBFCs, available both on-premises and as a SaaS model. (Zerodha)

Financial Performance

The company's financial trajectory has been impressive:(@EconomicTimes)

• Revenue from Operations:

  • FY22: ₹43.32 crore

  • FY23: ₹59.68 crore

  • FY24: ₹63.50 crore(website)

• Net Profit:

  • FY22: ₹0.40 crore

  • FY23: ₹0.71 crore

  • FY24: ₹16.53 crore (website)

This growth underscores the company's expanding footprint and operational efficiency.

Listing Date

Virtual Galaxy Infotech's shares are slated to be listed on the NSE SME platform on May 19, 2025. Given the strong subscription numbers and healthy GMP, the listing is anticipated to be favorable for investors. (@EconomicTimes)