VL Infraprojects IPO allotment likely today: Check status, GMP, listing date, and other details

Follow the step-by-step process mentioned below to check the status of allotment.

Step 1: Visit the IPO Allotment Status page on Skyline Financial Services website (https://www.skylinerta.com/display_ipo_rightissue_allotment.php)


Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

VL Infraprojects GMP
In the unlisted market, the company's shares are trading with a GMP of Rs 62, translating to a premium of 147% over the issue price. If the trends are sustained, the company's shares are expected to list with a maximum of 90% gains on July 30. The company has priced the IPO at Rs 42 at the upper end.

The Rs 18.52 crore SME IPO of VL Infraprojects was subscribed over 600 times at close, driven by robust demand from retail investors. The IPO is entirely a fresh equity sale of 44.1 lakh shares.

The net proceeds from the public offer will be used for funding working capital requirements and general corporate purposes.

The company is engaged in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations, and installation of electro-mechanical equipment’s (pumping machinery) for distribution of water supply from the river to household.

Infrastructure is a key enabler in helping India become a $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increasing efficiency and costs.

For the year ended March 2024, the company clocked total revenues of Rs 114 crore and net profit of Rs 6.14 crore.

Beeline Capital Advisors is acting as the lead manager for the issue and Skyline Financial Services is the registrar