🚀 Virtual Galaxy Infotech Ltd. IPO: Is This the Next Big Bang or Just a Black Hole for Your Money?
Keywords: Virtual Galaxy Infotech IPO, Virtual Galaxy IPO review, NSE SME IPO 2025, SME IPO listing 2025, tech IPOs in India, IPO May 2025, Virtual Galaxy Infotech GMP, NSE Emerge listing
Disclaimer: If you’re hoping this IPO article will make you a millionaire, kindly pause your dreams and read with a light heart and some market sense.
🛸 Introduction: Straight from Nagpur to the NSE (SME)… and Maybe the Moon?
Ladies and gentlemen, boys and bulls, welcome aboard the IPO spaceship of Virtual Galaxy Infotech Ltd., set to launch from the mystical tech land of Nagpur, India. The question is – will this rocket soar into orbit or do a dramatic Bollywood crash landing?
With an IPO price band of ₹135–₹142 per share, this SME stock wants you to believe it’s the next Infosys, but leaner, meaner, and way more SME-er. So, should you invest? Let’s dive into the cosmic black hole of facts, fiction, and finance.
📦 IPO Details: What’s in the Box?
| Details | Information |
|---|---|
| Company Name | Virtual Galaxy Infotech Ltd. |
| IPO Open | May 9, 2025 |
| IPO Close | May 14, 2025 |
| Price Band | ₹135 to ₹142 |
| Listing Platform | NSE Emerge (SME Segment) |
| Issue Size | ₹93.29 crore |
| Minimum Investment | ₹1,42,000 (Retail sobbing noises) |
| Listing Date | May 19, 2025 |
| Lead Manager | Smart Horizon Capital Advisors |
| Registrar | Maashitla Securities Pvt. Ltd. |
Yes, folks. You need to shell out over a lakh and a half to join this SME spaceship. That’s not an IPO application, that’s almost a Maruti Alto down payment.
🧠 About the Company: The Galaxy with a Cause
Founded in the 90s, when floppy disks were hot and Y2K was scarier than AI, Virtual Galaxy Infotech has evolved into a serious tech player with SaaS, enterprise solutions, and ERP magic for the BFSI sector. Think of it as the guy who used to be nerdy in school but now builds apps for governments.
🌍 Presence
- Operates in 15+ Indian states
- International clients in Tanzania and Malawi (you heard that right – desi tech ruling Africa)
- Known products: E-Banker, IBS-ERP, E-Autopsy (yes, an autopsy app), and V-Pay (hopefully not another Paytm clone)
This isn’t your average garage startup. VGIL already has revenue and even profits – a unicorn by SME standards.
💸 Financials: Show Me the Money
Here’s where the plot thickens like Haldiram’s gulab jamun syrup. Let’s see if this is a profit rocket or just high-flying PowerPoint slides.
| Year | Revenue (₹ Cr) | PAT (₹ Cr) |
|---|---|---|
| FY 22-23 | 58.56 | 1.80 |
| FY 23-24 | 61.46 | 16.3 |
| 9M FY 24-25 | 101.24 | 27.41 |
Wait, WHAT?
Did the profit just do a triple backflip from ₹1.8 crore to ₹27.4 crore in less than two years?
If that’s not financial puberty at its finest, we don’t know what is.
The company claims it’s from “operational efficiency.” We suspect a magic lamp. Either way, the numbers are glowing like a Diwali ad from CRED.
🎯 IPO Objectives: Where’s the Money Going?
The ₹93.29 crore isn’t for a Goa offsite (hopefully), but for some serious business:
- ₹34.27 Cr: New development facility in Nagpur (Tech meets tiger territory)
- ₹5.05 Cr: Servers & GPUs (AI, here they come!)
- ₹18.90 Cr: Hiring tech folks (the real superheroes)
- ₹14.06 Cr: Business dev and marketing (Translation: swag and LinkedIn ads)
- ₹3 Cr: Loan repayment (brownie points for adulting)
- Balance: General corporate purposes (aka coffee machines, ping-pong tables, and chai budget)
The company seems focused on scaling, upgrading, and getting future-ready—which is the corporate way of saying, “Please buy our shares so we can hire smart people.”
📈 SME Listing: The Little League with Big Dreams
Let’s talk about the elephant in the SME room.
Pros of NSE SME:
- Lower compliance = faster scaling
- High growth potential
- Focused investors
Cons:
- Low liquidity – you may have to wait a full moon cycle to sell
- High risk – one bad quarter and it’s ghost town
If you’re a seasoned investor with a taste for risk (and maybe a bucket of bravery), SME is your jam. But for beginners, it’s like trying tequila shots on your first night out.
👀 GMP & Market Buzz
Word on Dalal Street (and some uncles on Telegram) is that GMP (Grey Market Premium) is floating in the range of ₹40–₹50, implying a potential listing price near ₹190–₹200.
That’s roughly 30–35% upside, which is more exciting than a ₹10 cashback on UPI.
But remember – GMPs are gossip with a price tag. Always check before you wreck.
🧠 Should You Subscribe?
Here’s a fun checklist for you:
✅ Do you believe in India’s SME growth story?
✅ Are you comfortable parking ₹1.42 lakh in a low-liquidity space?
✅ Can you spell “ERP” without Googling it?
✅ Have you forgiven Paytm for its IPO trauma?
If you answered “yes” to at least three, this might just be your moment to hop on the galaxy ride.
🎤 EduInvesting’s Verdict: Hit or Miss?
Let’s be honest. Virtual Galaxy Infotech Ltd. isn’t going to challenge TCS or Google this year. But as far as SME IPOs go, this one’s got genuine business, solid growth, actual clients (not just dreams), and a plan for scaling.
Rating: 🌟🌟🌟🌟 (4 out of 5 Swiggys)
- For long-term investors: Wait
- For short-term flippers: GMP says okay, but don’t bet your kidney
- For broke dreamers: Sorry, minimum ₹1.4 lakh, bro
📝 Final Words: To the Moon or Back to Nagpur?
In a world of flash IPOs and tech fads, Virtual Galaxy Infotech Ltd. actually feels… grounded. And that’s a compliment.
Just remember: in the IPO universe, sometimes stars explode, and sometimes they shine. Do your research, consult your CA (or mom), and may your portfolio avoid black holes.
EduInvesting.in – making markets fun, one IPO at a time.
