Virtual Galaxy Infotech IPO GMP Today: Key Details on Price, Dates, Allotment, Financials & More

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The Indian SME IPO segment remains vibrant, and the latest entrant generating market interest is Virtual Galaxy Infotech Limited. The IPO is gaining investor traction, particularly with a positive GMP (Grey Market Premium) trend, which hints at strong demand ahead of listing.​

This article provides a comprehensive look at the Virtual Galaxy Infotech IPO, covering everything from company background and financials to GMP insights and expert commentary.

Company Overview: Virtual Galaxy Infotech Limited​

Virtual Galaxy Infotech is a tech firm specializing in custom software development, cloud-based solutions, AI-enabled platforms, digital transformation, and business intelligence services. The company serves clients across diverse sectors such as finance, retail, education, and healthcare.

Backed by a tech-driven and innovation-first approach, Virtual Galaxy has shown steady progress in recent years. The IPO marks a significant step in its growth journey as it seeks public funding to fuel future expansion.

Latest Virtual Galaxy Infotech IPO GMP (Grey Market Premium)​

As per recent updates, the grey market premium for Virtual Galaxy Infotech shares is hovering between ₹15 to ₹20 per share. Based on this, the expected listing price could range between ₹70 to ₹75, offering a possible upside of around 36% over the issue price.

Use of IPO Proceeds​

The capital raised through the IPO will be allocated toward:

• Meeting working capital needs
• Scaling up operations
• Upgrading IT infrastructure
• Other general corporate expenses
  

Financial Overview​

Virtual Galaxy Infotech has reported consistent revenue and profit growth over the last few financial years. The company’s performance reflects a strong foundation, with improved margins and financial stability year after year.

Competitive Advantages​

• Proven capabilities in custom software solutions
• Leadership with over 10 years of domain experience
• Scalable business with high profit margins
• Wide industry coverage and a diversified client base
• Rising demand for digital and AI-driven services
  

Should You Invest in Virtual Galaxy Infotech IPO?​

Advantages:

• Positive grey market signals (Virtual Galaxy Infotech IPO GMP remains strong)
• Solid financials and consistent growth
• Operates in a high-demand technology space
• Reasonable valuation and strong return prospects
  

Risks:

• SME IPOs often face limited post-listing liquidity
• Smaller public history compared to larger corporations
  

Expert View: If you have a moderate to high-risk appetite, especially for tech-oriented SME stocks, this IPO might align well with your portfolio goals. The positive GMP adds to its near-term appeal.

Application Process for Virtual Galaxy Infotech IPO​

Follow these steps to apply:

1. Log in to your Demat trading account
2. Go to the IPO section
3. Select Virtual Galaxy Infotech Limited
4. Enter the bid quantity (minimum 1 lot = 2,000 shares)
5. Complete payment via UPI or ASBA
   

Frequently Asked Questions (FAQs)​

Q1. What is the current GMP of Virtual Galaxy Infotech IPO?
A: As of May 9, 2024, the GMP is approximately ₹18 per share.

Q2. Is it a good idea to apply for this IPO?
A: Based on current GMP trends and company fundamentals, it looks attractive for both listing gains and potential long-term growth.

Q3. On which exchange will the shares be listed?
A: The stock will be listed on the NSE SME platform.

Q4. What’s the minimum investment amount?
A: The minimum lot size is 2,000 shares, requiring an investment of ₹1,10,000.

Final Thoughts​

Virtual Galaxy Infotech’s IPO comes at a time when the demand for digital and AI-driven services is booming. With a positive GMP trend, robust financials, and a focused tech offering, this SME IPO could be a good fit for investors seeking exposure to emerging technology ventures. However, as with all SME listings, due diligence and risk assessment are essential before committing capital.