V L Infraprojects, a company specializing in water infrastructure projects for the government, is launching its IPO on July 23rd. Here’s a look at the key details:
- Subscription Dates: July 23rd – July 25th
- Price Band: ₹39 – ₹42 per share (Face Value: ₹10)
- Minimum Investment: 3,000 shares (and multiples thereof)
- IPO Size: ₹18.52 crore (fresh issuance of 4,410,000 shares)
The company intends to utilize the funds raised for working capital and general corporate purposes. Beeline Capital Advisors Pvt Ltd is the book running lead manager, while Skyline Financial Services Private Ltd acts as the registrar and Spread X Securities takes on the role of market maker.
V L Infraprojects’ Expertise
The company focuses on designing, constructing, and completing government projects, particularly those related to water infrastructure and irrigation. Their experience encompasses water supply and sewerage projects, including tasks like procuring and installing pipes, constructing civil works, installing electromechanical equipment, and even operating and maintaining water distribution pipelines. Notably, they hold permits and registrations in Karnataka, Telangana, and Madhya Pradesh. Additionally, they boast a prestigious “AA” Class Government Approved Contractor status in Gujarat.
Financials (FY24):
- Revenue: ₹11,393.16 lakh
- EBITDA: ₹1,090.40 lakh
- PAT: ₹614.01 lakh
Investor Consideration
V L Infraprojects’ IPO provides an opportunity to invest in a company with a track record in government water infrastructure projects. However, as with any investment, conducting thorough research and due diligence is essential before making a decision.
