Vishnusurya Projects and Infra Limited is set to launch its IPO, which is a fixed price issue valued at Rs 49.98 crores. This offering comprises entirely fresh issuance of 73.5 lakh shares.
The subscription period for the Vishnusurya Projects and Infra IPO is scheduled to commence on September 29, 2023, and will conclude on October 4, 2023. The allotment of shares for this IPO is expected to be finalized on Monday, October 9, 2023. Vishnusurya Projects and Infra’s IPO is planned to be listed on the NSE SME platform, with a tentative listing date of Thursday, October 12, 2023.
The price per share for the Vishnusurya Projects and Infra IPO is ₹68, and the minimum lot size for an application is 2000 shares. Retail investors are required to invest a minimum of ₹136,000. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots (4,000 shares), totaling ₹272,000.
Khandwala Securities Limited serves as the book running lead manager for the Vishnusurya Projects and Infra IPO, while Cameo Corporate Services Limited is the designated registrar for the issue. Nikunj Stock Brokers is the market maker for this IPO.
For comprehensive and detailed information, please refer to the Vishnusurya Projects and Infra IPO RHP (Red Herring Prospectus) once it is available.
Vishnusurya Projects and Infra IPO Details #
| IPO Date | September 29, 2023 to October 4, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹68 per share |
| Lot Size | 2000 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,259,671 |
| Share holding post issue | 24,609,671 |
| Market Maker portion | 370,000 shares Nikunj Stock Brokers |
Vishnusurya Projects and Infra IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Vishnusurya Projects and Infra IPO Timeline (Tentative Schedule) #
Vishnusurya Projects and Infra IPO opens on September 29, 2023, and closes on October 4, 2023.
| IPO Open Date | Friday, September 29, 2023 |
| IPO Close Date | Wednesday, October 4, 2023 |
| Basis of Allotment | Monday, October 9, 2023 |
| Initiation of Refunds | Tuesday, October 10, 2023 |
| Credit of Shares to Demat | Wednesday, October 11, 2023 |
| Listing Date | Thursday, October 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2023 |
Vishnusurya Projects and Infra IPO Lot Size #
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹136,000 |
| Retail (Max) | 1 | 2000 | ₹136,000 |
| HNI (Min) | 2 | 4,000 | ₹272,000 |
| Lot Size Calculator | |||
Vishnusurya Projects and Infra IPO Promoter Holding #
Bhavani Jayaprakash is the company’s promoter.
| Share Holding Pre Issue | 88.74% |
| Share Holding Post Issue | 62.24% |
About Vishnusurya Projects and Infra Limited #
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:
- 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.
- 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.
- 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.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,594.72 | 11,849.39 | 12,105.28 |
| Revenue | 6,339.33 | 9,603.62 | 13,326.06 |
| Profit After Tax | 229.18 | 2,158.97 | 1,736.64 |
| Net Worth | 3,573.72 | 4,155.88 | 5,952.39 |
| Reserves and Surplus | 3,078.32 | 3,660.48 | 5,043.99 |
| Total Borrowing | 1,472.32 | 3,489.49 | 3,625.24 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 2.69 |
| ROE | 27.86% |
| ROCE | 31.22% |
| EPS (Rs) | 25.3 |
| RoNW | 27.86% |
Objects of the Issue (Vishnusurya Projects and Infra IPO Objectives) #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding of working capital requirements of the Company.
- Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
- General Corporate Purposes.
Vishnusurya Projects and Infra IPO Prospectus #
- › Vishnusurya Projects and Infra IPO DRHP
- › Vishnusurya Projects and Infra IPO RHP
Vishnusurya Projects and Infra IPO Contact Details #
2 nd Floor, Qbas Temple Tower,
No. 76/25, North Mada Street, Mylapore,
Chennai – 600 004
Phone: +91 44 2495 0019
Email: cs@vishnusurya.com
Website: https://www.vishnusurya.com/
Vishnusurya Projects and Infra IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Vishnusurya Projects and Infra IPO Lead Manager(s) #
FAQS #
What is the total number of shares offered in the Vishnusurya Projects and Infra IPO? #
The Vishnusurya Projects and Infra IPO comprises 73.5 lakh fresh issue shares.
When is the subscription period for the Vishnusurya Projects and Infra IPO? #
The subscription period for the Vishnusurya Projects and Infra IPO is scheduled to start on September 29, 2023, and close on October 4, 2023.
What is the price per share for the Vishnusurya Projects and Infra IPO? #
The price per share for the Vishnusurya Projects and Infra IPO is ₹68.
What is the minimum lot size for an application in the Vishnusurya Projects and Infra IPO? #
The minimum lot size for an application in the Vishnusurya Projects and Infra IPO is 2000 shares.
Who is the book running lead manager for the Vishnusurya Projects and Infra IPO? #
Khandwala Securities Limited serves as the book running lead manager for the Vishnusurya Projects and Infra IPO.
What are the objectives for which the company intends to utilize the net proceeds from the IPO? #
The company plans to utilize the net proceeds from the IPO for the following objectives:
Funding of working capital requirements.
Repayment/prepayment of certain outstanding borrowings availed by the company.
General corporate purposes.
