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Virtual Galaxy Infotech Limited IPO: Should You Invest?

Virtual Galaxy Infotech Limited IPO: Should You Invest?

May 6, 2025

Virtual Galaxy Infotech Limited (VGIL), established in September 1997 and headquartered in Nagpur, Maharashtra, is a leading IT services and consulting firm specializing in cutting-edge software solutions. The company serves diverse industries, including Banking & Finance, ERP, e-Governance, Cloud Computing, Big Data, IoT, and System Integration, with a strong track record of serving over 5,000 bank branches, manufacturing units, and corporate clients.

VGIL’s flagship product, “e-banker,” is a robust Core Banking Solution designed to meet the evolving needs of financial institutions. Backed by a team of 300+ skilled professionals, the company delivers automation, compliance, and decision-support solutions that enhance operational efficiency.

With a strong presence in 15+ Indian states and expanding operations in Tanzania and Malawi, VGIL caters to BFSI clients (commercial & cooperative banks, NBFCs, SACCOs) as well as corporate sectors like sugar, textiles, fertilizers, and education. As of December 2024, the company employs 329 professionals.

The initial public offering (IPO) of Virtual Galaxy Infotech will be open for subscription from May 9 to May 14, 2025, with a price band set at ₹135 to ₹142 per share. The allocation is divided among investor categories, with 35% reserved for retail investors, 50% for QIBs, and 15% for HNIs. The shares are scheduled to list on the NSE on May 19, 2025, while the allotment of shares will be finalized by May 15, 2025.

On the financial front, the company has demonstrated strong growth, with revenue increasing from ₹59.76 crores in 2023 to ₹63.58 crores in 2024. More notably, its profitability surged significantly, with net profit jumping from ₹0.72 crores in 2023 to ₹16.54 crores in 2024, reflecting robust operational performance and improved financial health.

Virtual Galaxy Infotech IPO Details

IPO DateMay 9, 2025 to May 14, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price₹135 to ₹142 per share
Lot Size1,000 Shares
Total Issue SizeApprox ₹93.29 Crores
Fresh IssueApprox ₹93.29 Crores
Issue TypeBook Built IPO
Listing AtNSE SME
Share Holding Pre Issue1,82,98,635 shares
Share Holding Post Issue2,48,68,635 shares

Virtual Galaxy Infotech IPO Dates

The initial public offering (IPO) of Virtual Galaxy Infotech will open for subscription on May 9, 2025, and close on May 14, 2025.

IPO Open DateFri, May 9, 2025
IPO Close DateWed, May 14, 2025
Tentative AllotmentThu, May 15, 2025
RefundsFri, May 16, 2025
Credit of Shares to DematFri, May 16, 2025
IPO Listing DateMon, May 19, 2025
UPI Mandate Confirmation Deadline5 PM on May 14, 2025

Virtual Galaxy Infotech IPO Market Lot

The IPO of Virtual Galaxy Infotech has a minimum bid lot of 1,000 shares, with a total application value of ₹1,42,000.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹1,42,000
Retail Maximum11000₹1,42,000
S-HNI Minimum22000₹2,84,000

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Everything You Need to Know About Spinaroo Commercial IPO

Everything You Need to Know About Spinaroo Commercial IPO

March 27, 2025

Spinaroo Commercial Limited, incorporated on August 17, 2012, specializes in manufacturing aluminum foil containers, aluminum home foil, paper-based products like cups, plates, and bowls, as well as semi-processed materials for paper cups, including coating, printing, and blanking. The company also supplies paper cup machinery, such as high-speed cup-making machines, flexo printers, and automatic roll die-cutters, delivering end-to-end solutions. Their high-quality products, crafted from premium materials under expert supervision, ensure superior performance, competitive pricing, and on-time delivery tailored to client needs.

The Spinaroo Commercial IPO is a fixed-price offering of ₹10.17 crores, consisting entirely of a fresh issue of 19.94 lakh shares. The subscription window opens on March 28, 2025, and closes on April 3, 2025, with allotment expected by April 4, 2025. The shares are set to list on BSE SME on April 8, 2025, priced at ₹51 per share. Retail investors must apply for a minimum of 2,000 shares (₹1,02,000), while HNIs need to invest in at least two lots (4,000 shares) totaling ₹2,04,000.

Spinaroo Commercial IPO Details

IPO DateMarch 28, 2025 to April 3, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price₹51 per share
Lot Size2,000 Shares
Total Issue SizeApprox ₹10.17 Crores
Fresh IssueApprox ₹10.17 Crores
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share Holding Pre Issue50,00,000 shares
Share Holding Post Issue69,94,000 shares

Spinaroo Commercial IPO Dates

Spinaroo Commercial’s IPO subscription window opens on March 28, 2025, and closes on April 3, 2025.

IPO Open DateFri, Mar 28, 2025
IPO Close DateThu, Apr 3, 2025
Tentative AllotmentFri, Apr 4, 2025
RefundsMon, Apr 7, 2025
Credit of Shares to DematMon, Apr 7, 2025
IPO Listing DateTue, Apr 8, 2025
UPI Mandate Confirmation Deadline5 PM on April 3, 2025

Spinaroo Commercial IPO Market Lot

The Spinaroo Commercial IPO has a minimum lot size of 2,000 shares, with an application value of ₹1,02,000.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹1,02,000
Retail Maximum12000₹1,02,000
S-HNI Minimum24000₹2,04,000
Infonative Solutions IPO – All You Need to Know Before Applying

Infonative Solutions IPO – All You Need to Know Before Applying

March 27, 2025

Founded in 2014, Infonative Solutions Ltd is a leading provider of customized eLearning solutions for corporate and educational institutions. The company excels in designing and developing digital learning content, offering cloud-based Learning Management Systems (LMS), and delivering services such as consulting, courseware creation, and ready-to-use content. With expertise in instructional design, gamification, AR/VR-based learning, and software simulations, Infonative serves high-profile clients, including Fortune 500 companies, Big 4 consulting firms, and government agencies across sectors like BFSI, consulting, and FMCG.

The upcoming Infonative Solutions IPO is a book-built issue worth ₹24.71 crores, consisting entirely of a fresh issue of 31.28 lakh shares. The subscription window opens on March 28, 2025, and closes on April 3, 2025, with allotment expected by April 4, 2025. The shares are set to list on BSE SME on April 8, 2025, with a price band of ₹75 to ₹79 per share. Retail investors must apply for a minimum of 1,600 shares (₹1,20,000), though bidding at the cutoff price of ₹1,26,400 is recommended to account for potential oversubscription. For HNIs, the minimum investment is 3,200 shares (2 lots), totaling ₹2,52,800.

Infonative Solutions IPO Details

IPO DateMarch 28, 2025 to April 3, 2025
Listing Date[.]
Face Value₹1 per share
Issue Price Band₹75 to ₹79 per share
Lot Size1,600 Shares
Total Issue SizeApprox ₹24.71 Crores
Fresh IssueApprox ₹24.71 Crores
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue87,19,800 shares
Share Holding Post Issue1,18,47,800 shares

Infonative Solutions IPO Dates

The initial public offering (IPO) of Infonative Solutions starts on March 28, 2025, and will be available for subscription until April 3, 2025.

IPO Open DateFri, Mar 28, 2025
IPO Close DateThu, Apr 3, 2025
Tentative AllotmentFri, Apr 4, 2025
RefundsMon, Apr 7, 2025
Credit of Shares to DematMon, Apr 7, 2025
IPO Listing DateTue, Apr 8, 2025
UPI Mandate Confirmation Deadline5 PM on April 3, 2025

Infonative Solutions IPO Market Lot

For the Infonative Solutions IPO, the minimum market lot size is 1,600 shares, requiring an application amount of ₹1,26,400.

ApplicationLot SizeSharesAmount
Retail Minimum11,600₹1,26,400
Retail Maximum11,600₹1,26,400
S-HNI Minimum23,200₹2,52,800
Retaggio Industries Limited IPO Analysis for Smart Investors

Retaggio Industries Limited IPO Analysis for Smart Investors

March 26, 2025

Established in 2022, Retaggio Industries Limited specializes in crafting premium jewelry, including necklaces, bracelets, earrings, and other ornamental pieces. With a strong presence in the B2B segment, the company is renowned for its heritage-inspired designs, superior craftsmanship, and exclusive collections.

Originally founded as M/s Vaibhav Gems in 2012, the business underwent expansion when Mr. Savinay Lodha acquired it through a Business Transfer Agreement and rebranded it as Retaggio Industries Limited in 2022. The company boasts an in-house design team dedicated to understanding customer preferences, conducting market research, and delivering a diverse product lineup. Its commitment to professionalism and quality ensures long-term trust and value for clients.

Product Range: Rings, Bangles, Earrings, Necklaces.

Retaggio Industries’ IPO is a fixed-price offering worth ₹15.50 crores, consisting entirely of a fresh issue of 61.98 lakh shares. The subscription window opens on March 27, 2025, and closes on April 2, 2025. The share allotment is expected to be finalized by April 3, 2025, with the tentative listing date set for April 7, 2025, on the BSE SME platform.

Priced at ₹25 per share, the IPO requires a minimum investment of ₹1,50,000 for retail investors, with a lot size of 6,000 shares. For high-net-worth individuals (HNIs), the minimum investment is ₹3,00,000, covering two lots (12,000 shares). The IPO presents an opportunity for investors to participate in this fresh equity offering before its anticipated listing.

Retaggio Industries IPO Details

IPO DateMarch 27, 2025 to April 2, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price₹25 per share
Lot Size6,000 Shares
Total Issue SizeApprox ₹15.50 Crores
Fresh IssueApprox ₹15.50 Crores
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share Holding Pre Issue93,68,160 shares
Share Holding Post Issue1,55,66,160 shares

Retaggio Industries IPO Dates

The IPO of Retaggio Industries will be open for subscription from March 27 to April 2, 2025.

IPO Open DateThu, Mar 27, 2025
IPO Close DateWed, Apr 2, 2025
Tentative AllotmentThu, Apr 3, 2025
RefundsFri, Apr 4, 2025
Credit of Shares to DematFri, Apr 4, 2025
IPO Listing DateMon, Apr 7, 2025
UPI Mandate Confirmation Deadline5 PM on April 2, 2025

Retaggio Industries IPO Market Lot

The minimum lot size for Retaggio Industries IPO is 6,000 shares, requiring a minimum investment of ₹1,50,000.

ApplicationLot SizeSharesAmount
Retail Minimum16000₹1,50,000
Retail Maximum16000₹1,50,000
S-HNI Minimum212,000₹3,00,000
Identixweb Limited IPO: Should You Invest?

Identixweb Limited IPO: Should You Invest?

March 26, 2025

Founded in 2017, Identixweb Limited is a tech firm specializing in Shopify app development and custom web solutions. Their expertise includes web app development (PHP & React), WordPress plugin development, and tailored digital solutions for e-commerce, fashion, fintech, and SaaS industries.

With a team of 50+ professionals, Identixweb has successfully launched 35+ public Shopify apps and delivered 100+ projects for diverse clients.

The Identixweb IPO is a book-built issue worth ₹16.63 crores, consisting entirely of a fresh issue of 30.80 lakh shares. The subscription window opened on March 26, 2025, and will close on March 28, 2025. The allotment process is expected to be completed by April 1, 2025, with the shares tentatively scheduled to list on the BSE SME platform on April 3, 2025.

Priced between ₹51 and ₹54 per share, the IPO requires a minimum investment of ₹1,02,000 for retail investors, with a lot size of 2,000 shares. However, investors are advised to bid at the cutoff price of ₹1,08,000 to improve their chances in case of oversubscription. For high-net-worth individuals (HNIs), the minimum investment is set at two lots (4,000 shares), totaling ₹2,16,000. The IPO presents an opportunity for investors to participate in this fresh equity offering on the SME platform.

Identixweb IPO Details

IPO DateMarch 26, 2025 to March 28, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹51 to ₹54 per share
Lot Size2,000 Shares
Total Issue SizeApprox ₹16.63 Crores
Fresh IssueApprox ₹16.63 Crores
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue73,61,550 shares
Share Holding Post Issue1,04,41,550 shares

Identixweb IPO Dates

The IPO of Identixweb will be open for subscription from March 26 to March 28, 2025.

IPO Open DateWed, Mar 26, 2025
IPO Close DateFri, Mar 28, 2025
Tentative AllotmentTue, Apr 1, 2025
RefundsWed, Apr 2, 2025
Credit of Shares to DematWed, Apr 2, 2025
IPO Listing DateThu, Apr 3, 2025
UPI Mandate Confirmation Deadline5 PM on March 28, 2025

Identixweb IPO Market Lot

The minimum market lot for the Identixweb IPO is 2,000 shares, requiring an application amount of ₹1,08,000.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹1,08,000
Retail Maximum12000₹1,08,000
S-HNI Minimum24000₹2,16,000
Shri Ahimsa Naturals Limited IPO: Key Details and Insights

Shri Ahimsa Naturals Limited IPO: Key Details and Insights

March 24, 2025

Established in 1990, Shri Ahimsa Naturals Limited specializes in the extraction and production of Caffeine Anhydrous, Green Coffee Bean Extracts, and Crude Caffeine, alongside trading various herbal extracts. The company’s offerings are widely utilized in the food & beverage, nutraceuticals, cosmetics, and pharmaceutical sectors due to their health-enhancing properties.

The company’s product range includes:

  • Natural Caffeine: Derived from the seeds of plants such as coffee and tea, this caffeine is utilized in energy drinks, soft drinks, cosmetics, and pharmaceuticals.
  • Green Coffee Bean Extract: Obtained from unroasted green coffee seeds, this extract is abundant in chlorogenic acid, recognized for its antioxidant properties and potential weight management benefits.

Shri Ahimsa Naturals exports its products to several countries, including the USA, Germany, South Korea, the UK, and Thailand. For the fiscal year ending September 30, 2024, the company’s export revenues (including deemed exports) were ₹3,530.91 lakhs, ₹7,463.71 lakhs, and ₹9,988.01 lakhs for Fiscal 2023, and ₹5,633.50 lakhs for Fiscal 2022. The manufacturing facility is located in Jaipur, Rajasthan.

The Shri Ahimsa Naturals IPO is a book-built issue amounting to Rs. 73.81 crores. This issue comprises a fresh issue of 42.04 lakh shares totaling Rs. 50.02 crores and an offer for sale of 19.99 lakh shares aggregating to Rs. 23.79 crores. The IPO subscription window opens on March 25, 2025, and closes on March 27, 2025. The allotment is expected to be finalized by Friday, March 28, 2025, with a tentative listing date on the NSE SME set for Wednesday, April 2, 2025.

The price band for the Shri Ahimsa Naturals IPO is set between ₹113 and ₹119 per share. The minimum lot size for application is 1200 shares, requiring a minimum investment of ₹1,35,600 for retail investors. However, it is advisable for investors to bid at the cutoff price of approximately ₹1,42,800 to mitigate the risk of oversubscription. For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (2,400 shares), amounting to ₹2,85,600.

Shri Ahimsa Naturals IPO Details

IPO DateMarch 25, 2025 to March 27, 2025
Listing Date[.]
Face Value₹10 per share
Issue Price Band₹113 to ₹119 per share
Lot Size1,200 Shares
Total Issue SizeApprox ₹73.81 Crores
Fresh IssueApprox ₹50.02 Crores
Offer for SaleApprox 19,99,200 Equity Shares
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share Holding Pre Issue1,91,26,500 shares
Share Holding Post Issue2,33,30,100 shares

Shri Ahimsa Naturals IPO Dates

The initial public offering (IPO) for Shri Ahimsa Naturals will begin on March 25, 2025, and will close on March 27, 2025.

IPO Open DateTue, Mar 25, 2025
IPO Close DateThu, Mar 27, 2025
Tentative AllotmentFri, Mar 28, 2025
RefundsTue, Apr 1, 2025
Credit of Shares to DematTue, Apr 1, 2025
IPO Listing DateWed, Apr 2, 2025
UPI Mandate Confirmation Deadline5 PM on March 27, 2025

Shri Ahimsa Naturals IPO Market Lot

The minimum market lot for the Shri Ahimsa Naturals IPO is 1,200 shares, requiring an application amount of ₹1,42,800.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹1,42,800
Retail Maximum11200₹1,42,800
S-HNI Minimum22400₹2,85,600