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( As on 05/05/2025 17:40)

Virtual Galaxy Info announces launch of initial public offering

Virtual Galaxy Infotech Ltd. has announced public offering of 6570000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 132.00 per share. The gross proceeds of the issue are expected to be Rs 9,329.40 lakhs.

The company's initial public offer (IPO) will open on 09 May 2025 and is expected to close on 14 May 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 135.00-142.00 per share.

The IPO includes a fresh Issue of 6570000 Equity Shares of the Company at an price of Rs 142.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Virtual Galaxy Infotech Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.