Last updated on October 10, 2023
Vishnusurya Projects IPO description – Vishnusurya Projects and Infra was incorporated in the year 1996 with a small and dedicated team of construction experts, service providers, contractors, suppliers, and consultants to accomplish one shared goal, building a responsible future. It has an interest in a diverse set of businesses spread across Engineering Procurement and Construction (EPC), mining, education, technology, risk mitigation, media, consultancy, drones, etc.
The company has executed 17 projects in recent years, out of which 10 are civil construction projects, 1 is road construction and 6 are infrastructure-related projects with an aggregate value of INR 136.19 crore.
Some of the major projects carried on by the company were as follows:
- Construction of Compound Wall between Thiruvallikeni and Thirumailai Railway Stations
- Construction of Staff Quarters / T-Type Quarters at Egmore, Chennai for Southern Railways
- Construction of Office Building of Institute of Dairy Research Centre, Almatti, at Koduvalli, Tiruvallur District for the Public Works Department (PWD)
- Construction of Retaining Wall for Bridge at Perambur for Corporation of Chennai
Promoters of Vishnusurya Projects – Bhavani Jayaprakash
Table of Contents
Vishnusurya Projects IPO Details
| Vishnusurya Projects IPO Dates | 29 Sep – 5 Oct 2023 |
| Vishnusurya Projects IPO Price | INR 68 per share |
| Fresh issue | 73,50,000 shares (INR 49.98 crore) |
| Offer For Sale | NIL |
| Total IPO size | 73,50,000 shares (INR 49.98 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 136,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Vishnusurya Projects Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 63.22 | 76.46 | 132.37 |
| Expenses | 60.18 | 66.45 | 110.95 |
| Net income | 4.03 | 7.85 | 16.58 |
Vishnusurya Projects Offer News
- Vishnusurya Projects RHP
- Vishnusurya Projects Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Vishnusurya Projects Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 12.62 | 24.95 | 25.30 |
| PE ratio | – | – | 2.69 |
| RONW (%) | 11.20 | 18.98 | 27.86 |
| NAV | – | 99.41 | 65.53 |
| ROCE (%) | 11.20 | 18.98 | 31.22 |
| EBITDA (%) | 15.94 | 22.70 | 24.32 |
| Debt/Equity | 1.27 | 1.51 | 1.10 |
Vishnusurya Projects IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 October 2023 | 10 | – | 15,000 |
| 7 October 2023 | 12 | – | 16,500 |
| 6 October 2023 | 15 | – | 18,000 |
| 5 October 2023 | 24 | – | 34,000 |
| 4 October 2023 | 30 | – | 45,000 |
| 3 October 2023 | 30 | – | 48,000 |
| 2 October 2023 | 30 | – | 48,000 |
| 30 September 2023 | 30 | – | 48,000 |
| 29 September 2023 | 35 | – | 50,000 |
| 28 September 2023 | 35 | – | 50,000 |
| 27 September 2023 | 30 | – | 45,000 |
| 26 September 2023 | 30 | – | 45,000 |
| 25 September 2023 | 28 | – | 45,000 |
Vishnusurya Projects IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 3,860,000 | 3,490,000 | 7,350,000 |
| 5 Oct 2023 | 32.94 | 43.63 | 38.01 |
| 4 Oct 2023 | 2.41 | 19.20 | 10.39 |
| 3 Oct 2023 | 1.23 | 8.92 | 4.88 |
| 29 Sep 2023 | 0.26 | 1.36 | 0.78 |
Vishnusurya Projects IPO Allotment Status
Vishnusurya Projects IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Vishnusurya Projects IPO Dates & Listing Performance
| IPO Opening Date | 29 September 2023 |
| IPO Closing Date | 5 October 2023 |
| Finalization of Basis of Allotment | 6 October 2023 |
| Initiation of refunds | 9 October 2023 |
| Transfer of shares to demat accounts | 9 October 2023 |
| IPO Listing Date | 10 October 2023 |
| Opening Price on NSE SME | INR 73 per share (up 7.35%) |
| Closing Price on NSE SME | INR 76.65 per share (up 12.72%) |
Vishnusurya Projects Offer Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai – 400023, Maharashtra, India
Phone: +91 22 40767373
Email: [email protected]/[email protected]
Website: www.kslindia.com
Vishnusurya Projects Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: 044 4002 0700
Email: [email protected]
Website: www.cameoindia.com
Vishnusurya Projects Contact Details
VISHNUSURYA PROJECTS AND INFRA LIMITED
2nd Floor, Qbas Temple Tower, No. 76/25,
North Mada Street, Mylapore, Chennai-600 004, Tamil Nadu
Phone: +91 44 24950019
E-mail: [email protected]
Website: www.vishnusurya.com
IPO FAQs
What is Vishnusurya Projects offer size?
Vishnusurya Projects offer size is INR 49.98 crores.
What is the Vishnusurya Projects offer price band?
Vishnusurya Projects public offer price is INR 68 per share.
What is the lot size of Vishnusurya Projects public offer?
Vishnusurya Projects offer lot size is 2,000 shares.
What is Vishnusurya Projects IPO GMP today?
Vishnusurya Projects IPO GMP today is INR 10 per share.
What is the Vishnusurya Projects kostak rate today?
Vishnusurya Projects kostak rate today is INR NA per application.
What is Vishnusurya Projects Subject to Sauda rate today?
Vishnusurya Projects Subject to Sauda rate today is INR 15,000 per application.
