VVIP Infratech Limited operates in the fields of Infrastructure, Real Estate, Electrical, and Civil work. VVIP Infratech IPO Intends to raise Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares.
IPO opens
July 23, 2024
IPO Closes
July 25, 2024
IPO Size (Rs.)
₹61.21 Cr
Breakup
Fresh issue only
Face Value:
₹ 10
IPO Price in Rs :
₹91 to ₹93 per share
Minimum Lot
1200 Shares
Listing At
BSE SME
QIB
~50 %
NII Quota
~15%
Retail Quota
~35%
Lead Manager
Share India Capital Services Private Limited
Registrar
Maashitla Securities
Market maker
Share India Securities.
About VVIP Infratech Limited :
“VVIP Infratech Limited” (Formerly known as “Vibhor Vaibhav Infra Private Limited”) is a Class “A” civil and Electrical contractor. “VVIPL” is engaged in the business of execution and construction of infrastructure projects such as Sewer, Sewer Treatment Plants, Water Tanks, Water Treatment Plants, Sector Development work, Electrical Distribution and Sub Stations upto 33 KVA, Jal Jeewan Mission work etc.
“VVIPL” has constructed two 56 MLD STPs using Sequential Batch Reactor (SBR) technology in the year 2013.
As of September 30, 2023, the company had a total of 466 employees.
Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi are the company’s promoters.
Financials:VVIP Infratech IPO
Particulars/ Rs Lacs
2023-24
2022-23
2021-22
Total Income
21655.92
14817.45
10186.23
Profit after tax
1778.16
934.31
645.59
EPS Fy23
3.7
PE Fy23
28.1
EPS Fy24
7.1
PE Fy24
14.7
Market cap in Lacs
26,208
Market cap / Sales
1.21
Anchors: VVIP Infratech IPO
VVIP Infratech IPO: Salient Points
Company has worked upon the developmental works for agencies like Ghaziabad Development Authority, Noida Authority and has developed various sectors with respect to the facilities like sewerage work, drainage works, internal road works and electrical distribution works. The company offers complete solution for development of urban pockets/sectors for various authorities/agencies.
Sector wise Revenue
Sector
Year Ended March 31, 2024
Year Ended March 31, 2023
Year Ended March 31, 2022
Pipeline, Tube Well & Water Tank
12909.92
3042.39
446.69
Sewer Work & Treatment Plant Work
4629.57
10974.74
9009.60
Electric Work
398.39
382.70
334.71
Operation & Maintenance STP
318.48
301.94
268.19
Pool & Boundary Wall Work
72.72
–
–
Material & Scrap Sale
1836.53
3.90
1.07
Building Construction Work
1322.62
–
Revenue from Construction (Real Estate)
6864.69
6184.27
8126.46
Total Revenue
28352.92
20889.94
18186.72
Gets many orders through JVs.
Electrical works are done for own projects only.
Peers
Company/ FY24 figures
CMP Rs.
Revenue Rs. Cr
Net Profit Rs. Cr
NPM (%)
PE
Macp/sales
RONW
VVIP Infratech Limited
105
214.88
18
8.4%
14.7
0.28
22.55
EMS Limited
793
793
152.00
19.2%
28.8
5.53
19.1
Vishnusurya Projects
230
231.00
28
12.1%
20.6
2.46
20.99
Company has made a name in Sewer Treatment Plants and is amongst one of the companies that constructed two 56 MLD STP plant on SBL (Sequential Batch Reactor) technology in the year 2013.
Being already constructed the above STP’s the capability of the company made it eligible for bidding for single tender of up to 90 MLD Sewer Treatment plants projects which are ideal for urban city needs and cover almost 75% of STP Sizes in Indian cities.
Company has doing works under the Namami Gange Scheme & AMRUT (Atal Mission for Rejuvenation and Urban Transformation) for sewerage and STP works. VVIP is eligible for single tender of up to 200 KMs of SeSewwerage Network Lines of various diameters and the amount of a single tender is up to Rs. 235 Crores (excluding GST).
VVIP Infratech IPO is coming at a PE ratio of 14.7x (FY24 Earnings)
I intend to apply in VVIP Infratech IPO subject to availability of funds. The sector of water treatment and related infra projects are likely to see good traction.
GMP as reported on social media has been Rs. 85 (91%).
Share India Capital Services Private Limited has a good record as a Lead Manager. They have handled IPOs of GEM Enviro Management Limited, AVP Infracon Limited,AVP Infracon Limited IPO Pune E-Stock Broking, Wise Travel India Limited, New Swan Multitech Limitd, Krishca Strapping Solutions Limited, De Neers Tools Limited, Quicktouch Technologies, A G Universal Limited, Exhicon Events Media Solutions Limited, Maiden Forgings Limited, Humming Bird Education Limited, Anmol India Limited.
SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
