243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Virtual Galaxy Infotech Limited

Nagpur

Date of DRHP : 29 Oct 2024

Issue Type : Book Building Process

IPO Type :
SME IPO

Virtual Galaxy Basic Details

   Information Technology - Data Solutions

Sub Sector: providing core banking software solution, IT solutions, ERP implementation and customized software solutions

Exchange:
NSE Emerge

About the Company

Virtual Galaxy Infotech is a SaaS product focused company engaged in providing core banking software solution, IT solutions, ERP implementation and customized software solutions development, IT services for the BFSI, ERP, and E-Governance domains. Virtual Galaxy Infotech is primarily involved in the development, customization, installation, and implementation of software applications, along with comprehensive post-implementation support, monitoring, and maintenance services for the delivered solutions. To provide a seamless experience to our clients, they offer a range of essential allied services, ensuring that all software needs are met under one roof. Their wide range of offerings covers services including consultation, architecture, solution design, implementation, monitoring and managed services. Virtual Galaxy Infotech holds several quality certifications including including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023. Virtual Galaxy Infotech believe that these certifications underscore our commitment to the highest standards in information security management, comprehensive IT solutions, and advanced software services. With over 26 years of operational experience and a dedicated team of more than 300 employees, we are providing software services to a diverse range of clients. Company's clientele includes commercial bank, state cooperative banks, urban cooperative banks, district central cooperative banks, cooperative societies, NBFCs, Savings and Credit Cooperative Societies (SACCOs) under BFSI Sector, various corporate clients under Sugar Industry, Solvex, Textiles, Fertilizer & Seed Industry, Education etc. Virtual Galaxy Infotech is operating from their registered office situated at 3, Central Excise Colony, Chhatrapati Square, Ring
Road, Nagpur – 440015, Maharashtra, India. Currently, we are serving customers in various state of India including
Maharashtra, Goa, Mizoram, Uttar Pradesh, Telangana, Rajasthan, Manipur, Madhya Pradesh, Himachal Pradesh, Delhi
etc and have expanded our reach to the international market including Tanzania and Malawi

Financial Summary (Annualised Basis)

Revenue :
63.58 Cr.

PAT :
16.54 Cr.

Virtual Galaxy IPO Lead Manager(s)

Smart Horizon Capital Advisors Private Limited

Virtual Galaxy IPO Registrar

Maashitla Securities Private Limited

Virtual Galaxy DRHP Details

Objects of issue

  • Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra
  • Repayment/ prepayment of certain borrowings availed by the company
  • Investment in procuring GPU, server & storage system at Data Centre
  • Funding of expenditure related to enhancement, maintenance and upgrading existing products
  • Funding for business development and marketing activities
  • General corporate purpose

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FAQs

Virtual Galaxy Infotech operates in Information Technology - Data Solutions and providing core banking software solution, IT solutions, ERP implementation and customized software solutions. The Issue would be listed on SME. The registrar of the Issue is Maashitla Securities Private Limited. The IPO type of Virtual Galaxy Infotech is Book Building Process and Object of issue is

  • Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra
  • Repayment/ prepayment of certain borrowings availed by the company
  • Investment in procuring GPU, server & storage system at Data Centre
  • Funding of expenditure related to enhancement, maintenance and upgrading existing products
  • Funding for business development and marketing activities
  • General corporate purpose

The DRHP (Draft Red Herring Prospectus) of Virtual Galaxy Infotech IPO was filed on 29 Oct 2024.

No, Virtual Galaxy Infotech IPO is not yet listed. See other upcoming SME IPOs here.

The IPO open date and IPO close date of Virtual Galaxy Infotech are not available now. You can apply in Virtual Galaxy Infotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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