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.

What is the current subscription status of Virtual Galaxy Infotech Limited IPO?

Virtual Galaxy Infotech Limited IPO has received a total subscription of 215.08 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

215.08x

Total Demand

QIB Multiplier

129.72x

Institutions & Funds

NII / HNI

590.62x

High Net-Worth

Retail (RII)

134.03x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 215.08x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,244,000	161,367,000	129.72x
NIB	950,000	561,091,000	590.62x
RETAIL	2,200,000	294,867,000	134.03x
Total	4,394,000	1,017,325,000	215.08x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	131	0.00x
NIB	—	28,809	0.00x
RETAIL	—	294,867	0.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Virtual Galaxy Infotech Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Virtual Galaxy Infotech Limited IPO is ₹110 per equity share. Based on the upper price band of ₹135 to ₹142 per equity share, the estimated listing price is ₹252 (+77.5% expected listing gain).

What is the expected profit per lot for Virtual Galaxy Infotech Limited IPO?

With a lot size of 1000 shares and current GMP of ₹110, the expected profit per application lot is approx ₹1,10,000 (+77.5% gain). Minimum application cost is approx ₹1,42,000.

What is the issue size and price band for Virtual Galaxy Infotech Limited IPO?

The Virtual Galaxy Infotech Limited IPO aggregate issue size is ₹93.29 Crores with an equity price band set at ₹135 to ₹142 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,42,000.

How can I check Virtual Galaxy Infotech Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 215.08x (Retail: 134.03x, QIB: 129.72x, NII: 590.62x). You can track live multiples directly on our dedicated subscription page.

Where and when will Virtual Galaxy Infotech Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-05-15. Investors can verify status using PAN card or application number.

When is the listing date for Virtual Galaxy Infotech Limited IPO?

Virtual Galaxy Infotech Limited shares are scheduled to list on NSE on 2025-05-19.