VL Infraprojects Limited is launching an IPO with a fresh issue of 44,10,000 shares worth INR 18.52 crores. The company aims to meet working capital requirements and general corporate purposes.
V.L.Infraprojects IPO Important Dates
| V.L.Infraprojects Limited IPO Date | July 23, 2024 to July 25, 2024 |
| V.L.Infraprojects Limited IPO Listing Date | July 30, 2024 |
| V.L.Infraprojects Limited IPO Price | INR 39-42 per share |
| V.L.Infraprojects Limited IPO Lot Size | 3000 shares |
| V.L.Infraprojects Limited IPO Total Issue Size | INR 18.52 crores |
| V.L.Infraprojects Limited IPO Basis of Allotment | July 26, 2024 |
| V.L.Infraprojects Limited IPO Initiation of Refunds | July 29, 2024 |
| V.L.Infraprojects Limited IPO Credit of Shares to Demat | July 29, 2024 |
| V.L.Infraprojects Limited IPO Issue Type | Book Built Issue IPO |
| V.L.Infraprojects Limited IPO Listing At | NSE SME |
VL Infraprojects Limited IPO – Company Profile
V.L. Infraprojects Limited is a top-tier government contractor specializing in designing, constructing, and commissioning water infrastructure and irrigation projects, including procurement, installation, and maintenance of pipelines and associated civil works.
With a vision to become a prominent player in the Engineering and Construction Industry, the company focuses on customer satisfaction, engineering excellence, innovation, leadership development, employee engagement, and strategic collaborations.
The company quickly achieved a solid reputation because it excels in management and timely project execution. It handles water infrastructure projects successfully and collaborates with Spun Pipe Construction, HM Electro-Mech, and Krishna Construction.
V.L.Infraprojects Ltd IPO Fundamental Analysis
V.L.Infraprojects Limited Technologies’ financial analysis reveals a mixed performance. Revenue has increased steadily, equity and liabilities reflect growth and profitability, and EPS has risen. RoNW improved, and total assets increased, but liquidity weakened.
- Revenue Trend: The revenue increased from ₹3,555.34 lakhs in March 2022 to ₹4,555.70 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 11,393.16 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹110.58 lakhs in March 2022 to ₹614.01 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1 .04 in March 2022 to ₹5 .43 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 15.13% to 37.53%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant increase in the Inventory Turnover Ratio, which might suggest strong sales or efficient inventory management.
V.L.Infraprojects IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 3,555.34 | 4,555.70 | 11,393.16 |
| Equity (₹ in lakhs) | 730.84 | 1,022.00 | 1,636.01 |
| Expenses (₹ in lakhs) | 3,406.42 | 4,256.06 | 1 0,548.31 |
| Profit and Loss After Tax (₹ in lakhs) | 110.58 | 222.66 | 614.01 |
| Diluted EPS only (₹) | 1 .04 | 2.10 | 5 .43 |
| Return on Net Worth (%) | 15.13 | 21.79 | 37.53 |
| NAV per Equity Share (₹) | 6.88 | 9.04 | 14.47 |
| Total Assets (in lakhs) | 1,955.40 | 2,836.24 | 5,691.39 |
| Total Liabilities (in lakhs) | 1,224.56 | 1,814.24 | 4,055.38 |
| Debt Equity Ratio | 1.37 | 0.98 | 1 .01 |
| Current Ratio (in times) | 1.92 | 1.67 | 1 .43 |
| Inventory Turnover Ratio | 8.44 | 11.23 | 25.60 |
VL Infraprojects Limited IPO Peer Comparison
V.L. Infraprojects Limited reported significant revenue growth, improved EPS, and a high RoNW. EMS Limited also achieved substantial revenue, higher EPS, and a solid RoNW, indicating robust financial performance for both companies.
| Company | Type of Financial | Revenue from Operations(₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| V.L.Infraprojects Limited | Standalone | 11,393.16 | 10 | – | 5.43 | 37.53 | 14.47 |
| EMS Limited | Standalone | 71,936.17 | 10 | 13.92 | 28.91 | 19.11 | 151.29 |
V.L.Infraprojects Ltd IPO Objective
The main objective of V.L.Infraprojects Limited is to meet working capital requirements.
- To Meet Working Capital Requirements: The company intends to utilize INR 14.80 crores from net proceeds and balance from borrowings and internal accruals to meet growing net working capital needs, driven by expansion into road construction, irrigation, and environmental projects.
- General Corporate Purposes: The Company will deploy the balance of funds towards general corporate purposes, including land acquisition, hiring staff, strategic alliances, funding growth, servicing debts, capital expenditure, working capital, and strategic initiatives.
V.L.Infraprojects IPO Risks And Challenges
VL Infraprojects Limited’s risk includes heavy dependence on Gujarat for revenue, vulnerability to regional economic shifts and policy changes, limited state diversification impacting competitiveness, and exposure to contract volatility due to reliance on a few key clients.
- With 89.74% of revenue coming from Gujarat, the company faces risks like regional economic changes, policy impacts, and limited diversification across states, which could potentially affect its competitiveness and project acquisition beyond the region.
- Relying significantly on a few key clients increases risk exposure to contract volatility and potential operational challenges. Maintaining client satisfaction and project delivery timelines are crucial to sustaining business continuity and future contract awards.
- Their infrastructure projects are capital-intensive and require significant financing. As of March 31, 2024, the short-term borrowings were ₹1,441.93 Lakhs, with the potential for increased debt or equity financing in the future. Management estimates for working capital needs are subject to external factors beyond their control.
V.L.Infraprojects Ltd IPO – Industry & Market Potential
Infrastructure development in India is pivotal, driving economic growth towards a US $26 trillion target. Initiatives like Gati Shakti and NIP enhance sectoral efficiency and economic competitiveness.
India’s infrastructure investment surge includes a 33% increase to ₹10 lakh crore in Budget 2023-24, focusing on railways with ₹2.40 lakh crore allocated. The Logistics Market aims to reduce costs and expand, while overall infrastructure capex targets significant growth driven by urban projects.
Significant infrastructure investments are crucial to reaching a US$5 trillion economy by 2025. Improving transport networks, urban facilities, and strategic partnerships like Gati Shakti are pivotal to achieving sustainable development goals.
VL Infraprojects Limited IPO – Type of Offer
VL Infraprojects Limited is launching an IPO with a fresh issue of 44,10,000 shares worth INR 18.52 crores. The company aims to meet working capital requirements and general corporate purposes.
V.L.Infraprojects IPO Offer Size
The offer size of VL Infraprojects Limited is INR 18.52 crores, consisting of a fresh issue of 44,10,000 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
VL Infraprojects Limited IPO Allotment Structure
V.L.Infraprojects Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 240,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 240,000 shares, are reserved for marker makers.
How to apply for a V.L.Infraprojects Limited IPO?
To apply for the V.L.Infraprojects Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the V.L.Infraprojects Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the V.L.Infraprojects Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check V.L.Infraprojects Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the V.L.Infraprojects Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the V.L.Infraprojects Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the V.L.Infraprojects Limited IPO:
● Registrar’s Website: Visit the website of Sky Financial Services Private Limited, the registrar of the V.L.Infraprojects Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
V.L.Infraprojects Limited Ltd IPO Offer Registrar
The registrar for the V.L.Infraprojects Limited IPO is Sky Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi – 110020, India
Tel. No.: 011-40450193-197
Email: [email protected]
Website: www.skylinerta.com
V.L.Infraprojects Limited Limited IPO – FAQs
1. What is V.L.Infraprojects Limited’s allotment date?
The allotment date of the V.L.Infraprojects Limited IPO is July 26, 2024.
2. What is the price band of the V.L.Infraprojects Limited IPO?
The price band of the issue is INR 39-42 per share.
3. What is the size of the V.L.Infraprojects Limited IPO?
The offer size of VL Infraprojects Limited is INR 18.52 crores, consisting of a fresh issue of 44,10,000 shares. The company seeks funds to meet working capital requirements and general corporate purposes.
4. What is the listing date of the V.L.Infraprojects Limited IPO?
The listing date of V.L.Infraprojects Limited’s IPO is July 30, 2024.
