VL Infraprojects shares launched impressively on the NSE SME, debuting at ₹79.80 each, a 90% premium over the initial issue price of ₹42.00. This strong start reflects significant market enthusiasm for the company’s stock on its first trading day.
V.L.Infraprojects IPO on Day 3 reached an astounding subscription rate of 587.96 times, demonstrating exceptionally high demand and robust investor confidence. This remarkable level of interest highlights the market’s strong belief in the company’s potential and future growth prospects.
V.L. Infraprojects Limited, a leading government contractor, excels in designing, constructing, and maintaining water infrastructure and irrigation projects. Committed to becoming a key player in the Engineering and Construction industry, the company prioritises customer satisfaction, innovation, and strategic partnerships, ensuring efficient project management and collaboration with firms like Spun Pipe Construction, HM Electro-Mech, and Krishna Construction.
V.L. Infraprojects Limited aims to use INR 14.80 crores from IPO proceeds and additional sources to support working capital for expanding into road, irrigation, and environmental projects. The remaining funds will be used to enhance corporate functions and strategic growth.