IPO : VVIP Infratech Limited
VVIP Infratech Limited IPO
VVIP, since 2001, stands as a top-tier Class “A” civil and electrical contractor. Specializing in infrastructure projects like sewer treatment plants, water facilities, roads, and electrification, VVIP boasts innovation and in-depth expertise, ensuring timely project completion. Primarily serving regions like Uttar Pradesh, Uttarakhand, NCT of Delhi, and northern India, the company has cemented its position as a preferred choice in sewer treatment projects. Embracing automation and modern techniques, VVIP has successfully delivered numerous key infrastructure projects, gaining a robust reputation for its execution prowess. Committed to continuous growth, the company aims for the pinnacle of engineering excellence, efficiency, and economy.
| SYMBOL | VVIPIL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Tuesday, July 23, 2024 |
| ISSUE CLOSES ON | Thursday, July 25, 2024 |
| ISSUE PRICE | ₹91 to ₹93 per share |
| ISSUE SIZE | Up to Rs.61.21 Crores |
| FACE VALUE | Rs.10 per share |
VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares.
VVIP Infratech IPO opens for subscription on July 23, 2024 and closes on July 25, 2024. The allotment for the VVIP Infratech IPO is expected to be finalized on Friday, July 26, 2024. VVIP Infratech IPO will list on BSE SME with tentative listing date fixed as Tuesday, July 30, 2024.
| MINIMUM BID | 1200 shares |
| MINIMUM AMOUNT | Rs.111,600 |
| MAXIMUM BID | 1200 shares |
| MAXIMUM AMOUNT | Rs.111,600 |
| LISTING DATE | Tuesday, July 30, 2024 |
| LISTING AT | BSE-SME |
VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.
Objects of the Issue (VVIP Infratech IPO Objectives)
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- Capital Expenditure
- Working Capital Requirement
- General Corporate Purpose
- Issue Expense
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