What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Virtual Galaxy Infotech Limited IPO allotment date?

The basis of allotment for Virtual Galaxy Infotech Limited IPO is scheduled to be finalized on 15 May 2025.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 16 May 2025.

Virtual Galaxy Infotech Limited

ListedSME

Technology / IT · NSE

Virtual Galaxy Infotech Limited (VGIL), incorporated in 1997 and based in Nagpur, Maharashtra, is an IT services and consulting company offering technology products across Banking & Finance, ERP, e-Government, Cloud, Big Data, IoT and System Integration. Its flagship product “e-banker” is a core banking solution used by commercial banks, cooperative banks, NBFCs and SACCOs. The company serves more than 5,000 bank branches and also works with manufacturing, sugar, seeds, fertilizers, textiles and education industries. VGIL operates in over 15 states in India and also in Tanzania and Malawi. With 329 employees and multiple ISO certifications, the company focuses on automation, compliance and digital transformation.

Price Band

₹135 – ₹142

Issue Size

₹93.29 Cr

Lot Size

1000 shares

GMP

₹110

+77.5%

Est. Listing

₹252

at current GMP

Subscribed

215.08x

overall

Open

9 May 2025

14 May 2025

Allotment

15 May 2025

Refund

16 May 2025

Demat Credit

17 May 2025

Listing

19 May 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Virtual Galaxy Infotech Limited Allotment Status

Designated Registrar: Maashitla Securities Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

15 May 2025

Basis finalization

Refunds Initiate

16 May 2025

Mandate release

Demat Credit

17 May 2025

Shares in demat

Listing Debut

19 May 2025

Trading begins

How to Check Virtual Galaxy Infotech Limited IPO Allotment Status

Click the Check on Registrar button above to visit Maashitla Securities Private Limited's allotment portal.
Select Virtual Galaxy Infotech Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Virtual Galaxy Infotech Limited Public Issue & Market Profile

Virtual Galaxy Infotech Limited is bringing an initial public offering (IPO) in the Technology / IT sector with an aggregate issue size of ₹93.29 Crores. The shares are offered at a price band of ₹135 to ₹142 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-05-14, the basis of allotment is scheduled to be finalized on 2025-05-15. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.