Vishnusurya Projects and Infra IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 05, 2023Let’s have a detailed review of the company and analytics of the Vishnusurya Projects and Infra IPO release date, IPO offer price, subscription, Vishnusurya Projects and Infra Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 68 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | October 12, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4,998 Lakh |
| IPO Size | Rs 4,998 Lakh |
| Tick Size | 1 |
Vishnusurya Projects and Infra IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Vishnusurya Projects and Infra Share Price |
Vishnusurya Projects and Infra IPO – Summary
Their Company was incorporated in the year 1996 with a small and dedicated team of construction experts, service providers, contractors, suppliers, and consultants to accomplish one shared goal, building a responsible future.
Their Promoter and Promoter Group have an interest in a diverse set of businesses spread across Engineering Procurement and Construction (“EPC”), mining, education, technology, risk mitigation, media, consultancy, drones etc.
The Promoter of this company is BHAVANI JAYAPRAKASH. The lead manager of the issue is Khandwala Securities Limited, and the Registrar of this issue is Cameo Corporate Services Limited.
Vishnusurya Projects and Infra IPO Date
The opening and closing dates of Vishnusurya Projects and Infra IPO are September 29, 2023, and October 5, 2023, respectively.
Vishnusurya Projects and Infra IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th Oct | 0.29x | 1.40x | 0.85x |
| 2nd Day – 3rd Oct | 1.26x | 9.04x | 5.16x |
| 3rd Day – 4th Oct | 2.57x | 19.37x | 10.98x |
| 3rd Day – 5th Oct | 3.82x | 24.56x | 14.20x |
| Shares Offered or Net Issue | 3,490,000 | 3,490,000 | 7,350,000 |
The shares subscribed by the public will be updated here.
Vishnusurya Projects and Infra IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vishnusurya Projects and Infra Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | October 09, 2023 |
| Refunds Initiation | October 10, 2023 |
| Credit of Shares to Demat Account | October 11, 2023 |
| Share Listing Date | October 12, 2023 |
Vishnusurya Projects and Infra IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.68
Vishnusurya Projects and Infra IPO Equity Size
This Initial Public Issue of 7,350,000 Equity Shares of Rs.10 each for cash at a price of Rs.68 per equity share aggregating to Rs.4,998 Lakh.
Vishnusurya Projects and Infra IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 7,350,000 Equity Shares of Rs.10/ each.
Issue Size: 7,350,000 Equity Shares of Rs.10 each, aggregating to Rs.4,998 Lakh
Open Free Demat Account Now!
Vishnusurya Projects and Infra IPO – Live Performance
The listing date of this IPO is October 12, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vishnusurya Projects and Infra Share Price |
Vishnusurya Projects and Infra IPO Grey Market Premium
The Vishnusurya Projects and Infra Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Vishnusurya Projects and Infra IPO – Company Overview
They are engaged in the mining of rough stones and the manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants. In addition to mining activities, they are engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development.
Their Company executed and delivered multiple real estate projects in past such as the construction of villas, multi-storied apartments, specific contracts like compound walls, renovation works, site formation, etc. and the design and construction of various infrastructure projects for the government, autonomous and private bodies in a state of Tamil Nadu.
Their Company is also engaged in buying, selling and providing integrated solutions for Drones as a Service for surveillance, mapping and surveying purposes.
Vishnusurya Projects and Infra IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 12,105.28 | 11,849.39 | 9,594.72 |
| *Total Revenue | 13,326.06 | 9,603.62 | 6,339.33 |
| Total Expense | 11,094.62 | 6,644.81 | 6,018.30 |
| Profit After Tax | 1,658.10 | 785.27 | 403.39 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 25.30 | 24.95 | 12.62 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,658.10 Lakh, Rs. 785.27 Lakh and Rs. 403.39 Lakh respectively.
Vishnusurya Projects and Infra IPO – Promoters
The Promoter of this company is:
- BHAVANI JAYAPRAKASH
List of Related Parties (Key Managerial Personnel)
- Bhavani Jayaprakash, Director
- A. C. Thangam, Whole Time Director
- Sanal Kumar V, Whole Time Director and CEO
- Ritesh Nair, Director (Independent)
Vishnusurya Projects and Infra IPO – Promoters Holding
- Pre-Issue Share Holding – 88.74%
- Post-Issue Share Holding – 62.24%
Vishnusurya Projects and Infra IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 73,50,000 Equity Shares aggregating up to Rs.49,98,00,000 |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,70,000 Equity Shares aggregating up to Rs.2,51,60,000 |
| Net Issue to the Public | Up to 69,80,000 Equity Shares aggregating up to Rs.47,46,40,000 |
| Of which: | |
| Retail Investors Portion | Not less than 34,90,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 34,90,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,72,59,671 Equity Shares |
| Equity Shares outstanding after the Issue | 2,46,09,671 Equity Shares |
Vishnusurya Projects and Infra IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding of working capital requirements of their Company;
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by their Company; and
- General Corporate Purposes.
Vishnusurya Projects and Infra IPO – Business Strategy
- Maintain focus on infrastructure projects
- Expansion of their geographical footprint
- They intend to enter into joint venture arrangements with other infrastructure companies
- Leverage core competencies with enhanced in-house integration
Vishnusurya Projects and Infra IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter & Management Team
- Focused on Infrastructure Projects
- Visible growth with a strong order book
- Industry experience with strong execution capabilities
- Strong Financial Performance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 25.30 | 27.86 | 65.53 |
| 31-Mar-22 | 24.95 | 18.98 | – |
| Mar-21 | 12.62 | 11.20 | – |
Vishnusurya Projects and Infra IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) | |
| Vishnusurya Projects and Infra Limited | 10 | – | 23.62 | 30.86% | 13237.11 |
| Listed Peers | |||||
| Rachana Infrastructure Limited | 10 | 80.90 | 1.22 | 2.51% | 6,351.67 |
| Sonu Infratech Limited | 10 | 12.32 | 3.65 | 12.19% | 6,405.16 |
| Infrabuild Limited | 10 | 5.60 | 5.95 | 21.34% | 1,2308.86 |
Vishnusurya Projects and Infra IPO Lead Managers
| Lead Managers |
| Khandwala Securities Limited Vikas Building, Ground Floor, Green Street, Fort, Mumbai 400 023, Maharashtra, India Telephone: +91 22 40767373 E-mail: rinav@kslindia.com/ipo@kslindia.com Website: www.kslindia.com Investor Grievance E-mail: investorsgrievances@kslindia.com Contact Person: Rinav Manseta/Abhishek Joshi SEBI Registration Number: INM000001899 |
Vishnusurya Projects and Infra IPO Registrar to offer
| Registrar to the Offer |
| Cameo Corporate Services Limited Subramanian Building, No.1, Club House Road, Chennai – 600 002, Tamil Nadu, India Telephone: +91 44 40020741 / 40020706 / 40020780 / 40020700 Fax: +91 44 28460129 E-mail: priya@cameoindia.com Investor Grievance E-mail: investor@cameoindia.com Website: www.cameoindia.com Contact Person: Sreepriya. K SEBI Registration No.: INR000003753 |
Vishnusurya Projects and Infra IPO – Other Details
- Statutory Auditor – M/s S R B R & Associates LLP
- Legal Counsel to the Company – Rajani Associates, Advocates & Solicitors
- Bankers to the Company – Tamilnad Merchentile Bank and ICICI Bank Limited
Vishnusurya Projects and Infra IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Vishnusurya Projects and Infra IPO
Vishnusurya Projects and Infra Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vishnusurya Projects and Infra IPO Review FAQs
Check out various FAQs related to Vishnusurya Projects and Infra IPO:
What is the Issue Size of Vishnusurya Projects and Infra IPO?
The Company is making an initial public offer of 7,350,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Vishnusurya Projects and Infra IPO?
The price band for this particular IPO ranges between Rs 68. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Vishnusurya Projects and Infra IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 29, 2023, while the closing date is set for October 05, 2023.
What is the Vishnusurya Projects IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 09, 2023, refund initiation is on October 10, 2023, credit of shares is on October 11, 2023, and share listing date is on October 12, 2023.
What is the Vishnusurya Projects IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 12, 2023. The date, when the listing would be done, is stagnant on October 12, 2023.
Who is the Registrar of Vishnusurya Projects IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Cameo Corporate Services Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vishnusurya Projects IPO?
Here are the promoters of this IPO – BHAVANI JAYAPRAKASH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vishnusurya Projects IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Vishnusurya Projects and Infra IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vishnusurya Projects and Infra Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,658.10, 2022 is 785.27, and 2021 is 403.39.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics