Virtual Galaxy IPO listing is making waves in the stock market, and it’s easy to see why. After an exceptional subscription phase, this IPO has investors buzzing with excitement. The high demand during the subscription period wasn’t the only factor driving this frenzy—its robust grey market premium (GMP) has added even more fuel to the fire.
Virtual Galaxy IPO – Bidding Insights
Virtual Galaxy IPO turned heads as it raked in approximately INR 93.29 crore, entirely through a fresh issue. The response was extraordinary, with the issue getting subscribed a jaw-dropping 231.52 times. Investors, particularly in the non-institutional category, came out in full force, oversubscribing their portion by an incredible 590.62 times. This IPO struck a chord with savvy market participants. The company is now gearing up for a big moment as its shares are ready to debut on the NSE EMERGE platform. It’s a milestone that underscores the growing confidence in young, ambitious enterprises carving out their space in India’s markets.
Virtual Galaxy IPO Listing Date and Price Band
- Price Band: The shares were offered in a price band of INR 135 – 142 per share, with a minimum application lot size of 1,000 shares, requiring an investment of at least INR 1,42,000.
- Listing Date: Shares are expected to commence trading on 19 May 2025.
- Use of Proceeds: The Net Proceeds are planned to be used as follows: INR 34.27 crore for setting up a new development facility in Nagpur, INR 3 crore for repaying certain borrowings, INR 5.05 crore for purchasing GPU, server, and storage systems for the Data Centre, INR 18.90 crore for enhancing and upgrading existing products via manpower hiring, and INR 14.06 crore for business development and marketing. The remaining amount will be used for general corporate purposes.
How Does GMP Affect Listing Price?
The GMP is a key indicator of investor sentiment before an IPO is listed. It shows the price at which shares are traded in the grey market before the official listing. A positive GMP, where shares are traded above the issue price, signals strong demand and boosts expectations for a higher listing price. However, while GMP offers insight, the actual listing price can still be affected by market conditions and investor sentiment.
Expectations For the Virtual Galaxy IPO Listing Price?
As of now, the IPO is showing a GMP of around INR 95 per share, which suggests that Virtual Galaxy IPO listing gains will be around 67% from its upper price band of INR 142. If this trend continues, the stock will debut above INR 237, making it a good deal for those who get allotment.
But it’s not all bad news for those who didn’t get the allotment. While the strong GMP indicates Virtual Galaxy might have a solid start, there’s still a shot for latecomers to jump in on the listing day. Of course, how the market reacts will be key. Some investors might decide to hold off a bit, hoping for a dip in the stock price to grab a better entry point later. It’s a game of timing, and for those on the sidelines, the opportunity might just be around the corner.
Looking Ahead
The strong response to Virtual Galaxy’s IPO highlights rising investor confidence in tech-driven businesses. Virtual Galaxy Infotech, a SaaS-focused firm, offers core banking software, IT services, ERP implementation, and custom software for the BFSI, ERP, and E-Governance sectors. With end-to-end solutions and strong post-implementation support, it is well-positioned to benefit from the global shift toward digital transformation and advanced technology adoption.
Over the past four months, the SME IPO landscape has witnessed the listing of 59 IPOs in the primary market, collectively raising INR 2,613.35 crore. Out of these, 24 IPOs debuted in the red. Despite this, the average listing return across all SME IPOs stood at a healthy 11.59%. Capital Numbers Infotech emerged as the largest IPO during this period, with an issue size of INR 169.37 crore. In contrast, Avax Apparels was the smallest offering, raising just INR 1.92 crore. For more details related to SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
Virtual Galaxy IPO Listing FAQs
What are Virtual Galaxy IPO dates?
Virtual Galaxy IPO subscription commenced on 9 May 2025 and concluded on 14 May 2025.
When is the Virtual GalaxyIPO listing expected?
Virtual Galaxy IPO will be listed on 19 May 2025, on the NSE Emerge stock exchanges.
Can we buy an IPO on the listing date?
You can place a buy order at a desired price for the IPO shares on the listing day after 10 AM.