Virtual Galaxy Infotech Limited (VGIL), established in September 1997 and headquartered in Nagpur, Maharashtra, is a leading IT services and consulting firm specializing in cutting-edge software solutions. The company serves diverse industries, including Banking & Finance, ERP, e-Governance, Cloud Computing, Big Data, IoT, and System Integration, with a strong track record of serving over 5,000 bank branches, manufacturing units, and corporate clients.
VGIL’s flagship product, “e-banker,” is a robust Core Banking Solution designed to meet the evolving needs of financial institutions. Backed by a team of 300+ skilled professionals, the company delivers automation, compliance, and decision-support solutions that enhance operational efficiency.
With a strong presence in 15+ Indian states and expanding operations in Tanzania and Malawi, VGIL caters to BFSI clients (commercial & cooperative banks, NBFCs, SACCOs) as well as corporate sectors like sugar, textiles, fertilizers, and education. As of December 2024, the company employs 329 professionals.
The initial public offering (IPO) of Virtual Galaxy Infotech will be open for subscription from May 9 to May 14, 2025, with a price band set at ₹135 to ₹142 per share. The allocation is divided among investor categories, with 35% reserved for retail investors, 50% for QIBs, and 15% for HNIs. The shares are scheduled to list on the NSE on May 19, 2025, while the allotment of shares will be finalized by May 15, 2025.
On the financial front, the company has demonstrated strong growth, with revenue increasing from ₹59.76 crores in 2023 to ₹63.58 crores in 2024. More notably, its profitability surged significantly, with net profit jumping from ₹0.72 crores in 2023 to ₹16.54 crores in 2024, reflecting robust operational performance and improved financial health.
Virtual Galaxy Infotech IPO Details
| IPO Date | May 9, 2025 to May 14, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹135 to ₹142 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | Approx ₹93.29 Crores |
| Fresh Issue | Approx ₹93.29 Crores |
| Issue Type | Book Built IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,82,98,635 shares |
| Share Holding Post Issue | 2,48,68,635 shares |
Virtual Galaxy Infotech IPO Dates
The initial public offering (IPO) of Virtual Galaxy Infotech will open for subscription on May 9, 2025, and close on May 14, 2025.
| IPO Open Date | Fri, May 9, 2025 |
| IPO Close Date | Wed, May 14, 2025 |
| Tentative Allotment | Thu, May 15, 2025 |
| Refunds | Fri, May 16, 2025 |
| Credit of Shares to Demat | Fri, May 16, 2025 |
| IPO Listing Date | Mon, May 19, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on May 14, 2025 |
Virtual Galaxy Infotech IPO Market Lot
The IPO of Virtual Galaxy Infotech has a minimum bid lot of 1,000 shares, with a total application value of ₹1,42,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹1,42,000 |
| Retail Maximum | 1 | 1000 | ₹1,42,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,84,000 |
