VVIP Infratech IPO Subscription Status

Last updated on July 26, 2024

VVIP Infratech IPO subscription started on 23 July 2024 and will close on 25 July 2024. VVIP Infratech plans to raise around INR 59.90 – 61.21 crores via the IPO. The price band is fixed at INR 91 – 93 per share. The VVIP Infratech IPO market lot has 1,200 shares and the minimum application amount is INR 1,11,600. The retail quota is 35%, QIB is 50% and NII is 15%.

Check VVIP Infratech IPO subscription status here. The subscription figures are taken from BSE SME and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find VVIP Infratech IPO subscription status segregated by days and investor categories.

VVIP Infratech IPO Subscription Status – Live Updates

The market maker reservation portion of 3,38,400 shares and anchor portion of 18,72,000 shares are not included in the above calculations.

VVIP Infratech is a Class “A” civil and electrical contractor with over two decades of experience in executing infrastructure projects such as sewers, sewage treatment plants, water tanks, water treatment plants, sector development work, electrical distribution, and substations up to 33 kVA.

VVIP Infratech has built a strong reputation for applying innovative methods and in-depth knowledge to accomplish engineering and construction projects within the stipulated period. The company boasts an impressive order book of INR 477.62 crores, highlighting its strong growth prospects and innovative capabilities in northern India. The company owns 90.02% shareholding in its subsidiary company namely “Vibhor Vaibhav Infrahome” (VVIHPL). As of 30 September 2023, the company employed 466 individuals.

Investor Categories in VVIP Infratech IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the VVIP Infratech IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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VVIP Infratech IPO Subscription Status FAQs