Vishnusurya Projects and Infra Limited IPO

Price
₹68
Lot
2000
Subs.
44.11
Expected Listing Earning

Exp. Premium(GMP):
13.25(19.48%)
IPO Details

Open Date: 29-Sep-2023
Close Date: 05-Oct-2023
Allotment Date: 09-Oct-2023
Listing Date: 10-Oct-2023
Listing Price: ₹311.75/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹68 Per Equity Share
Issue Size: Total Issue Size 7,350,000 shares (aggregating up to ₹49.98 Cr) : Fresh Issue 7,350,000 shares (aggregating up to ₹49.98 Cr)
Market Lot (Min Amount): Retail - ₹136,000 : HNI - ₹272,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved3,490,0003,490,0006,980,000
Day 1 - 29-09-23 
05:00 PM
0.29x1.40x0.85x
Day 2 - 03-10-23 
05:00 PM
1.26x9.04x5.16x
Day 3 - 04-10-23 
05:00 PM
2.57x19.37x10.98x
Day 3 - 05-10-23 
05:00 PM
36.32x43.63x44.11x
Total No. of Application:76,130 (Approx.)
Retail Subscription on the basis of Apps:43.63x
Valuations

Earning Per Share(EPS)25.3/-
P/E Ratio2.69
RoNW27.86%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20239,594.726,339.33229.18
31 Mar,202211,849.399,603.622,158.97
31 Mar,202112,105.2813,326.061,736.64
Promoter(s)

Pre Issue Share Holding88.74%
Post Issue Share Holding62.24%
Company Promoter(s)
1. Bhavani Jayaprakash
Issue Objective(s)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding of working capital requirements of the Company.
  2. Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
  3. General Corporate Purposes.
About Company

Incorporated in 1996, Vishnusurya Projects and Infra Limited is engaged in the mining of rough stones and manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.

The company has three business verticals:

  1. Engineering, Procurement, and Construction (EPC): The company offers a diverse range of capabilities in property development and the realty industry such as Commercial and Mixed Development Construction, IT and Institutional Space, Retail (Malls), Offices, Industrial Parks, Residential Projects, Luxury Villas, Resorts, Factories and Warehouses, Stadiums, Exhibition and Convention Centres, Entertainment, Industrial Construction, and Brownfield Development.
  2. Mining of aggregates and production of manufactured sand: The Company owns and operates two quarries in Tamil Nadu, India. The first blue metal mining quarry and crushing facility is spread over 105 acres at Aruppukottai, Virudhunagar District, Tamil Nadu. This facility handles the entire rock breaking and rock auguring operations and the crushing machine here is capable of producing an output of 250 tonnes per hour and 100 tonnes of sand washing at a given point in time. The second aggregates and manufactured sand unit is located in Vandavasi, Tiruvannamalai District, Tamil Nadu. This facility is equipped with a crushing machine capable of handling 350 tonnes and 150 tonnes of sand washing at a given point in time. The facility is located 100 km from Chennai.
  3. Drones or unarmed aerial vehicles

The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

If you are agree with app tems and condition to use the app. 

Thank you.