{"id":44980,"date":"2024-07-18T12:28:20","date_gmt":"2024-07-18T06:58:20","guid":{"rendered":"https:\/\/thedailymetro.in\/index.php\/2024\/07\/18\/v-l-infraprojects-limited-ipo-opens-on-july-23-2024\/"},"modified":"2024-07-18T12:28:20","modified_gmt":"2024-07-18T06:58:20","slug":"v-l-infraprojects-limited-ipo-opens-on-july-23-2024","status":"publish","type":"post","link":"https:\/\/thedailymetro.in\/index.php\/2024\/07\/18\/v-l-infraprojects-limited-ipo-opens-on-july-23-2024\/","title":{"rendered":"V.L.Infraprojects Limited IPO Opens On July 23, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], July 18:<\/strong> V.L.Infraprojects Limited,\u00a0Specializing in\u00a0executing water supply and sewerage infrastructure projects, has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0July\u00a023, 2024. The company is aiming to raise\u00a0\u20b9\u00a018.52\u00a0Crores\u00a0at the\u00a0upper band\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n<p>\u25cf Total Issue Size \u2013 44,10,000 Equity Shares of \u20b9 10 each \u25cf Issue Size \u2013 \u20b9 18.52 Crores (At Upper Band) \u25cf Price Band \u2013 \u20b9 39 \u2013 \u20b9 42 Per Share \u25cf Lot Size \u2013 3,000 Equity Shares<\/p>\n<p>The issue size is\u00a0Up To\u00a044,10,000\u00a0equity shares at\u00a0a\u00a0face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>\u25cf\u00a0QIB Anchor Portion \u2013\u00a0Up To\u00a012,48,000\u00a0Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013\u00a0Up To\u00a08,34,000Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a06,27,000Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013\u00a0Up To\u00a014,61,000Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a0Up To\u00a02,40,000\u00a0Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized to meet working capital requirements,\u00a0Public Issue Expenses, and general corporate purposes.\u00a0The bidding for the Anchor portion will open on\u00a0July\u00a022, 2024. The issue\u00a0will\u00a0open for subscription\u00a0for all other categories on\u00a0July\u00a023, 2024 and close on\u00a0July\u00a025, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0Beeline Capital Advisors Private Limited.\u00a0The Registrar to the Issue is Skyline Financial Services Private Limited.<\/p>\n<p>Mr. Rajagopal Reddy Annam Reddy, Chairman&amp; Managing Director of V.L.Infraprojects Limited expressed, V.L. Infraprojects Limited announced its IPO to strengthen operational capabilities and expand in water infrastructure and irrigation projects. As a leading government-approved contractor in \u201cAA\u201d Class with the Government of Gujarat, V.L. Infra specializes in designing, constructing, and maintaining critical water supply and sewerage infrastructure. The IPO proceeds will fortify working capital, cover public issue expenses, and drive strategic growth initiatives, affirming V.L. Infra\u2019s commitment to becoming a key player in the engineering and construction sector.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 18: V.L.Infraprojects Limited,\u00a0Specializing in\u00a0executing water supply and sewerage infrastructure projects, has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":44981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1328],"class_list":["post-44980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/44980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/comments?post=44980"}],"version-history":[{"count":0,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/posts\/44980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media\/44981"}],"wp:attachment":[{"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/media?parent=44980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/categories?post=44980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailymetro.in\/index.php\/wp-json\/wp\/v2\/tags?post=44980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}