Virtual Galaxy Infotech IPO Live
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Schedule of Virtual Galaxy Infotech
| Issue open date | 09 May 2025 |
| Issue close date | 14 May 2025 |
| UPI mandate deadline | 14 May 2025 (5 PM) |
| Allotment finalization | 15 May 2025 |
| Refund initiation | 16 May 2025 |
| Share credit | 16 May 2025 |
| Listing date | 19 May 2025 |
| Mandate end date | 29 May 2025 |
| Lock-in end date for anchor investors (50%) | 14 Jun 2025 |
| Lock-in end date for anchor investors (remaining) | 13 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Virtual Galaxy Infotech
Incorporated in 1997, Virtual Galaxy Infotech is a SaaS-focused company providing core banking software, ERP solutions, IT services, and customized software for the BFSI, ERP, and e-governance sectors. It offers end-to-end services, including consultation, design, implementation, and ongoing support. Its flagship product, E-Banker, serves banks, societies, and NBFCs, available both on-premises and as a SaaS model for flexible deployment. Other key products include IBS-ERP for small and mid-sized businesses, e-APMC for agricultural market committees, and V-Pay for digital payments. The portfolio also includes V-SOC, E-Autopsy Software, VGST, and LOS (Loan Origination System), reflecting its diverse software offerings for financial institutions and government bodies.
Financials of Virtual Galaxy Infotech
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹93.29 crores |
| Fresh Issue | ₹93.29 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | 34.27 (36.73%) |
| Debt reduction | 3 (3.21%) |
| Investment in Data Centre | 5.05 (5.41%) |
| Manpower Hiring | 18.9 (20.26%) |
| Business Development and Marketing Activities | 14.06 (15.07%) |
| General corporate purposes | 18.02 (19.32%) |
Strengths
- Comprehensive one-stop software solutions for banking and financial services
- Diversified business across multiple verticals, including BFSI and ERP
- Strong in-house technology capabilities for custom software development
- Established client relationships in the BFSI and e-governance sectors
- High customer retention through integrated, scalable, and secure solutions
- Experienced management team with deep industry knowledge and expertise
- Robust intellectual property portfolio and proprietary software products
- Focus on innovative, customer-centric solutions for digital transformation
- Cost-effective solutions with high operational efficiency and scalability
Risks
- Dependency on orders from banks, government, and private clients.
- Disruptions in IT systems or data breaches impact business.
- Dependency on software customization as per latest technology.
- Delay in procuring critical data center components impacts growth.
- Expansion risks for Mihan SEZ development facility in Nagpur.
- Dependency on data centers for technology platform efficiency.
- Technical issues in software products may lead to litigation.
- Inability to obtain or protect intellectual property rights.
Allotment Status for Virtual Galaxy Infotech
To check your allotment status – click here.