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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