IPO Details
Bidding Dates
23 Jul 24 - 25 Jul 24
Price Range ₹
39 - 42
Total Equity
₹ 18.52Cr
Lot Size
3000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
23 Jul 2024
Offer end
25 Jul 2024
Allotment
26 Jul 2024
Refund initiation
29 Jul 2024
Demat transfer
29 Jul 2024
Listing
30 Jul 2024
Offer start
23 Jul 2024
Offer end
25 Jul 2024
Allotment
26 Jul 2024
Refund initiation
29 Jul 2024
Demat transfer
29 Jul 2024
Listing
30 Jul 2024
About Company
V.L. Infraprojects Limited, established in 2014, specializes in planning, constructing, and commissioning government projects, with a focus on water infrastructure and irrigation. The company undertakes water supply and wastewater infrastructure projects, encompassing the procurement and installation of pipes, as well as their connection and commissioning. This involves backward integration and various civil engineering tasks, such as constructing civil works, setting up pumping stations, and installing electro-mechanical equipment (pumping machines) for water distribution from rivers to households. Additionally, V.L. Infraprojects offers operation and maintenance services for water pipelines. The company holds several certifications and approvals: it is a Class AA contractor by the Government of Gujarat, has a civil/electrical contractor license from the Karnataka State Public Works Department, is registered in a special class with the Government of Telangana, and is an approved contractor by the Government of Madhya Pradesh. As of March 31, 2024, V.L. Infraprojects Limited employed a total of 30 people.
Year Founded
19-12-2014
Promotor Details
Rajagopal Annam Reddy
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 90.91 | 65.39 |
| Share Capital | 10275000 | 10275000 |
Offer to Public
44,10,000.00 Cr
Project Details
- To Meet Working Capital Requirements - 148cr
Objectives
- To Meet Working Capital Requirements.General Corporate Purposes.
Highlights
- With about 30 completed projects worth Rs 104.86 crore, the company has demonstrated its ability to handle large-scale, multiple projects efficiently.
- The consistent increase in revenue and profit after tax over the past few years highlights the company's strong financial performance and growth potential.
- Managing 14 ongoing projects valued at Rs 327.55 crore as of March 27, 2024, indicates a healthy and growing pipeline of work.
- The ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications underscore the company's commitment to quality, environmental management, and occupational health and safety.
- The company's significant experience and current engagements in WSPs across key states like Madhya Pradesh, Telangana, and Gujarat position it as a reliable player in the water infrastructure sector.
Challenges
- Heavy reliance on Gujarat for the majority of its revenues means that any negative changes in the business environment of this region could significantly impact the company’s performance.
- With nearly 100% of total revenue coming from the top 10 clients over the past three years, the loss of any key client could severely affect the company’s financial stability and prospects.
- The company’s involvement in several legal disputes poses a risk, as any unfavorable judgments could harm its operational results and overall business health.
- As of September 30, 2023, the company’s debt stood at Rs 13.85 crore. Failure to service or repay this debt on time could negatively impact business operations.
- The company had Rs 6.27 crore in contingent liabilities as of September 30, 2023, which, if materialized, would adversely affect the company’s financial health and business operations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,955.40 | 274.00 | 83.37 | 83.37 | 0.8114 |
| 2021 | 1,641.31 | 274.00 | 110.58 | 110.58 | 1.0762 |
| 2023 | 2,836.24 | 753.50 | 110.58 | 110.58 | 1.0762 |
