News & Updates

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 Date | May 9, 2025 to May 14, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price | ₹135 to ₹142 per share |
Lot Size | 1,000 Shares |
Total Issue Size | Approx ₹93.29 Crores |
Fresh Issue | Approx ₹93.29 Crores |
Issue Type | Book Built IPO |
Listing At | NSE SME |
Share Holding Pre Issue | 1,82,98,635 shares |
Share Holding Post Issue | 2,48,68,635 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 Date | Fri, May 9, 2025 |
IPO Close Date | Wed, May 14, 2025 |
Tentative Allotment | Thu, May 15, 2025 |
Refunds | Fri, May 16, 2025 |
Credit of Shares to Demat | Fri, May 16, 2025 |
IPO Listing Date | Mon, May 19, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1000 | ₹1,42,000 |
Retail Maximum | 1 | 1000 | ₹1,42,000 |
S-HNI Minimum | 2 | 2000 | ₹2,84,000 |
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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 Date | March 28, 2025 to April 3, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price | ₹51 per share |
Lot Size | 2,000 Shares |
Total Issue Size | Approx ₹10.17 Crores |
Fresh Issue | Approx ₹10.17 Crores |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 50,00,000 shares |
Share Holding Post Issue | 69,94,000 shares |
Spinaroo Commercial IPO Dates
Spinaroo Commercial’s IPO subscription window opens on March 28, 2025, and closes on April 3, 2025.
IPO Open Date | Fri, Mar 28, 2025 |
IPO Close Date | Thu, Apr 3, 2025 |
Tentative Allotment | Fri, Apr 4, 2025 |
Refunds | Mon, Apr 7, 2025 |
Credit of Shares to Demat | Mon, Apr 7, 2025 |
IPO Listing Date | Tue, Apr 8, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2000 | ₹1,02,000 |
Retail Maximum | 1 | 2000 | ₹1,02,000 |
S-HNI Minimum | 2 | 4000 | ₹2,04,000 |

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 Date | March 28, 2025 to April 3, 2025 |
Listing Date | [.] |
Face Value | ₹1 per share |
Issue Price Band | ₹75 to ₹79 per share |
Lot Size | 1,600 Shares |
Total Issue Size | Approx ₹24.71 Crores |
Fresh Issue | Approx ₹24.71 Crores |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 87,19,800 shares |
Share Holding Post Issue | 1,18,47,800 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 Date | Fri, Mar 28, 2025 |
IPO Close Date | Thu, Apr 3, 2025 |
Tentative Allotment | Fri, Apr 4, 2025 |
Refunds | Mon, Apr 7, 2025 |
Credit of Shares to Demat | Mon, Apr 7, 2025 |
IPO Listing Date | Tue, Apr 8, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1,600 | ₹1,26,400 |
Retail Maximum | 1 | 1,600 | ₹1,26,400 |
S-HNI Minimum | 2 | 3,200 | ₹2,52,800 |

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 Date | March 27, 2025 to April 2, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price | ₹25 per share |
Lot Size | 6,000 Shares |
Total Issue Size | Approx ₹15.50 Crores |
Fresh Issue | Approx ₹15.50 Crores |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 93,68,160 shares |
Share Holding Post Issue | 1,55,66,160 shares |
Retaggio Industries IPO Dates
The IPO of Retaggio Industries will be open for subscription from March 27 to April 2, 2025.
IPO Open Date | Thu, Mar 27, 2025 |
IPO Close Date | Wed, Apr 2, 2025 |
Tentative Allotment | Thu, Apr 3, 2025 |
Refunds | Fri, Apr 4, 2025 |
Credit of Shares to Demat | Fri, Apr 4, 2025 |
IPO Listing Date | Mon, Apr 7, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 6000 | ₹1,50,000 |
Retail Maximum | 1 | 6000 | ₹1,50,000 |
S-HNI Minimum | 2 | 12,000 | ₹3,00,000 |

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 Date | March 26, 2025 to March 28, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price Band | ₹51 to ₹54 per share |
Lot Size | 2,000 Shares |
Total Issue Size | Approx ₹16.63 Crores |
Fresh Issue | Approx ₹16.63 Crores |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 73,61,550 shares |
Share Holding Post Issue | 1,04,41,550 shares |
Identixweb IPO Dates
The IPO of Identixweb will be open for subscription from March 26 to March 28, 2025.
IPO Open Date | Wed, Mar 26, 2025 |
IPO Close Date | Fri, Mar 28, 2025 |
Tentative Allotment | Tue, Apr 1, 2025 |
Refunds | Wed, Apr 2, 2025 |
Credit of Shares to Demat | Wed, Apr 2, 2025 |
IPO Listing Date | Thu, Apr 3, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2000 | ₹1,08,000 |
Retail Maximum | 1 | 2000 | ₹1,08,000 |
S-HNI Minimum | 2 | 4000 | ₹2,16,000 |

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 Date | March 25, 2025 to March 27, 2025 |
Listing Date | [.] |
Face Value | ₹10 per share |
Issue Price Band | ₹113 to ₹119 per share |
Lot Size | 1,200 Shares |
Total Issue Size | Approx ₹73.81 Crores |
Fresh Issue | Approx ₹50.02 Crores |
Offer for Sale | Approx 19,99,200 Equity Shares |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share Holding Pre Issue | 1,91,26,500 shares |
Share Holding Post Issue | 2,33,30,100 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 Date | Tue, Mar 25, 2025 |
IPO Close Date | Thu, Mar 27, 2025 |
Tentative Allotment | Fri, Mar 28, 2025 |
Refunds | Tue, Apr 1, 2025 |
Credit of Shares to Demat | Tue, Apr 1, 2025 |
IPO Listing Date | Wed, Apr 2, 2025 |
UPI Mandate Confirmation Deadline | 5 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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1200 | ₹1,42,800 |
Retail Maximum | 1 | 1200 | ₹1,42,800 |
S-HNI Minimum | 2 | 2400 | ₹2,85,600 |