How do you calculate IPO listing price from GMP?

IPO Grey Market Premium (GMP) Example: If the IPO issue price is Rs 500 and the GMP is Rs 150, the listing is likely to be at Rs 650 (30% gain) . If the premium is low or negative, investors may be uncertain whether the stock will be successful after the listing and expect the listing to be at a discount.

What is GMP price in IPO?

What is GMP? Grey market premium or GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges . For instance, LIC fixes its IPO price at Rs 90 per share and its IPO GMP is 50, then the organisation will get listed at Rs 140.90.

Is GMP a good indicator for IPO?

GMP functions as a key indicator of how the IPO may perform in the market . However, it's important to note that the grey market operates independently of the official stock exchange and is not regulated.

How much IPO subscription is good?

Most good IPOs get heavily over-subscribed in the range of 300 to 1000 times under the NII category (HNI) and 15 to 30 times in the retail category by application . The oversubscription also depends on the demand in the grey market. Higher demand for an IPO in the grey market usually leads to higher oversubscribed.

What is the formula for IPO price?

The Company's share price at the time of the IPO is determined by the valuation of the Company, divided by the total number of shares at listing .

How do you get the IPO price?

The IPO price is identified and set by the underwriters of participating in the offering . In small IPOs, the offering price can be determined by a bookrunner. A bookrunner is a main underwriting investment bank that leads and directs the offering of a company's stock.

VVIP Infratech IPO Details - IPO Date, Price, GMP, Analysis & Review (2024)

July 23, 2024 - July 25, 2024

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VVIP Infratech IPO is a book built issue of Rs 61.21 crores. The issue is entirely a fresh issue of 65.82 lakh shares.

VVIP Infratech IPO bidding started from July 23, 2024 and ended on July 25, 2024. The allotment for VVIP Infratech IPO was finalized on Friday, July 26, 2024. The shares got listed on BSE SME on July 30, 2024.

VVIP Infratech IPO price band is set at ₹91 to ₹93 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹111,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹223,200.

Share India Capital Services Private Limited is the book running lead manager of the VVIP Infratech IPO, while Maash*tla Securities Private Limited is the registrar for the issue. The market maker for VVIP Infratech IPO is Share India Securities.

Refer to VVIP Infratech IPO RHP for detailed information.

VVIP Infratech IPO Details

IPO Date	July 23, 2024 to July 25, 2024
Listing Date	July 30, 2024
Face Value	₹10 per share
Price Band	₹91 to ₹93 per share
Lot Size	1200 Shares
Total Issue Size	6,582,000 shares (aggregating up to ₹61.21 Cr)
Fresh Issue	6,582,000 shares (aggregating up to ₹61.21 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share holding pre issue	18,387,700
Share holding post issue	24,969,700
Market Maker portion	338,400 shares Share India Securities

VVIP Infratech IPO Reservation

VVIP Infratech IPO offers 6,582,000 shares. 1,248,000 (18.96%) to QIB, 937,200 (14.24%) to NII, 2,186,400 (33.22%) to RII and 1,872,000 (28.44%) to Anchor investors.

Investor Category	Shares Offered
Anchor Investor Shares Offered	1,872,000 (28.44%)
Market Maker Shares Offered	338,400 (5.14%)
QIB Shares Offered	1,248,000 (18.96%)
NII (HNI) Shares Offered	937,200 (14.24%)
Retail Shares Offered	2,186,400 (33.22%)
Total Shares Offered	6,582,000 (100%)

VVIP Infratech IPO Anchor Investors Details

VVIP Infratech IPO raises Rs 17.41 crore from anchor investors. VVIP Infratech IPOAnchor bid date is July 22, 2024.VVIP Infratech IPOAnchor Investors list

Bid Date	July 22, 2024
Shares Offered	1,872,000
Anchor Portion Size (In Cr.)	17.41
Anchor lock-in period end date for 50% shares (30 Days)	August 25, 2024
Anchor lock-in period end date for remaining shares (90 Days)	October 24, 2024

VVIP Infratech IPO Timeline (Tentative Schedule)

VVIP Infratech IPO opens on July 23, 2024, and closes on July 25, 2024.

IPO Open Date	Tuesday, July 23, 2024
IPO Close Date	Thursday, July 25, 2024
Basis of Allotment	Friday, July 26, 2024
Initiation of Refunds	Monday, July 29, 2024
Credit of Shares to Demat	Monday, July 29, 2024
Listing Date	Tuesday, July 30, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 25, 2024

VVIP Infratech IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹111,600
Retail (Max)	1	1200	₹111,600
HNI (Min)	2	2,400	₹223,200
Lot Size Calculator

VVIP Infratech IPO Promoter Holding

Mr. Praveen Tyagi, Mr. Vaibhav Tyagi, and Mr. Vibhor Tyagi are the company's promoters.

Share Holding Pre Issue	92.34%
Share Holding Post Issue

About VVIP Infratech Limited

VVIP Infratech Limited, originally incorporated as Vibhor Builders Private Limited, is an infrastructure company established in 2001.

The company mainly works on projects in Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern parts of India. It is a Class 'A' civil and electrical contractor with more than two decades of experience in the execution and construction of infrastructure projects like sewerage, sewage treatment plants, water tanks, water treatment plants, sector development works, power distribution and substations up to 33 kVA, Jal Jeewan Mission etc.

As of September 30, 2023, the company had a total of 466 employees.

VVIP Infratech Limited Financial Information (Restated Consolidated)

VVIP Infratech Limited's revenue increased by 35.77% and profit after tax (PAT) rose by 52.56% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	26,319.67	24,158.58	26,624.58
Revenue	28,588.31	21,056.28	18,526.04
Profit After Tax	2,071.23	1,357.66	452.96
Net Worth	11,061.17	8,639.66	6,803.50
Reserves and Surplus	9,222.40	8,579.13	6,742.97
Total Borrowing	4,431.98	3,598.39	6,679.88
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of VVIP Infratech IPO is Rs 232.22 Cr.

KPI as of March 31, 2024.

KPI	Values
ROE	21.36%
ROCE	19.00%
Debt/Equity	0.4
RoNW	18.73%
P/BV	0.87
PAT Margin (%)	7.31

Check VVIP Infratech IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (Rs)	11.26	8.29
P/E (x)	8.26	11.21

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latestFY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FYearnings of March 31, 2024 that is available in RHP.

Objects of the Issue (VVIP Infratech IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives:

VVIP Infratech IPO Review (May apply)

[Dilip Davda] The company is engaged in infrastructure activities with major focus on STP related services. It posted growth in its top and bottom lines for the reported periods and has order book worth Rs. 477+ cr. as of March 31, 2024. Based on FY24 super earnings the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Well-informed investors may park moderate funds for medium term. Read detail review...

VVIP Infratech IPO Subscription Status (Bidding Detail)

The VVIP Infratech IPO is subscribed 236.92 times on July 25, 2024 6:19:07 PM. The public issue subscribed 181.73 times in the retail category, 168.45 times in the QIB category, and 456.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	168.45
NII	456.82
Retail	181.73
Total	236.92

Total Application : 207,834 (114.07 times)

VVIP Infratech IPO Prospectus

›VVIP Infratech IPO DRHP
›VVIP Infratech IPO RHP
›Anchor Investors in VVIP Infratech IPO

VVIP Infratech IPO Rating

5.0

Rating:

Vote Here ...

VVIP Infratech IPO Listing Details

Listing Date	July 30, 2024
BSE Script Code	544219
NSE Symbol
ISIN	INE0MNP01016
Final Issue Price	₹93 per share

Pre-Open Session - BSE

VVIP Infratech Limited Contact Details

VVIP Infratech Limited
Fifth Floor, VVIP Style,
Nh-58 Raj Nagar Extension,
Ghaziabad - 201017
Phone: +91 9990060123
Email: cs@vvipinfra.com
Website: http://www.vvipinfra.com/

VVIP Infratech IPO Registrar

Maash*tla Securities Private Limited

Phone: +91-11-45121795-96
Email: Investor.ipo@maash*tla.com
Website: https://maash*tla.com/allotment-status/public-issues

VVIP Infratech IPO - Buy or Not

VVIP Infratech IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	1	0	0
Members	0	0	0

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VVIP Infratech IPO Lead Manager(s)

Share India Capital Services Private Limited (Past IPO Performance)

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VVIP Infratech IPO FAQs

VVIP Infratech IPO is a SME IPO of 6,582,000 equity shares of the face value of ₹10 aggregating up to ₹61.21 Crores. The issue is priced at ₹91 to ₹93 per share. The minimum order quantity is 1200 Shares.

The IPO opens on July 23, 2024, and closes on July 25, 2024.

Maash*tla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in VVIP Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in VVIP Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in VVIP Infratech IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'VVIP Infratech IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The VVIP Infratech IPO opens on July 23, 2024 and closes on July 25, 2024.

VVIP Infratech IPO lot size is 1200 Shares, and the minimum amount required is ₹111,600.

You can apply in VVIP Infratech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for VVIP Infratech IPO will be done on Friday, July 26, 2024, and the allotted shares will be credited to your demat account by Monday, July 29, 2024. Check the VVIP Infratech IPO allotment status.

The VVIP Infratech IPO listing date is on July 30, 2024.