– V L Infraprojects is launching its Initial Public Offering (IPO). – Subscription dates: July 23 to July 25. – Price band: ₹39 to ₹42 per share. – Face value: ₹10 per share.

Subscription Detail – Minimum bid: 3,000 shares. – Bids must be in multiples of 3,000 shares.

– Qualified Institutional Buyers (QIB): 8,34,000 shares. – Non-Institutional Investors (NII): 6,27,000 shares. – Retail Individual Investors: 14,61,000 shares. – Market Makers: 2,40,000 shares.

V L Infraprojects Overview – Specializes in government projects focusing on water infrastructure and irrigation. – Expertise in water supply, sewerage infrastructure, civil works, and electromechanical equipment installation.

Operations and Permit – Active in Karnataka, Telangana, and Madhya Pradesh. – Government Approved Contractor in "AA" Class with Gujarat government. – Numerous permits and registrations for extensive operations.

Financial Performance – FY24 Revenue: ₹11,393.16 lakhs. – EBITDA: ₹1,090.40 lakhs. – PAT: ₹614.01 lakh. – Strong financial performance showcases stability and growth potential

IPO Detail – Total IPO worth: ₹18.52 crore. – Fresh issuance: 4,410,000 equity shares at face value of ₹10. – No offer-for-sale component, highlighting fresh capital infusion.

– Proceeds from the IPO will be used to:Meet working capital requirements. General corporate purposes. – Strategic use of funds to boost company growth.

Key Players in the IPO – Book-running lead manager: Beeline Capital Advisors Pvt Ltd. – Registrar: Skyline Financial Services Private Ltd. – Market Maker: Spread X Securities.