Vishnusurya Projects And Infra Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vishnusurya

CMP

194.40

-3.60 (-1.82%)

  • DRHP
₹68

Offer Price

₹ 49.98 Cr

Issue Size

₹ 1,36,000

Min Investment

2,000

Lot size

Time Line

  • 29
    Sep 2023
    Open
  • 05
    Oct 2023
    Close
  • 10
    Oct 2023
    Finalisation of Basis of Allotment
  • 11
    Oct 2023
    Initiation of Refunds
  • 11
    Oct 2023
    Transfer of Shares to Demat Account
  • 10
    Oct 2023
    Listing Date

Objects of the Offer

  • Maintain focus on infrastructure projects.

  • Expansion of its geographical footprint.

  • The Company intends to enter into joint venture arrangements with other infrastructure companies to bid and execute large value projects.

  • Leverage core competencies with enhanced in-house integration.

  • Diversification of business activities.

Products & Services

  • The Company is engaged in mining of rough stones and manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants.

Strengths

  • Experienced Promoter & Management Team.

  • Focused on Infrastructure Projects.

  • Visible growth with strong order book.

  • Industry experience with strong execution capabilities.

  • Strong Financial Performance.

Risks

  • The company does not own certain premises, including the registered office, used by the Company. Disruption of its rights as licensee/ lessee or termination of the agreements with the company licensors/ lessors would adversely impact its operations and, consequently, the company business.

  • There are certain outstanding litigations against the Company and by the Company, which if determined against it, could adversely impact its financial conditions.

  • There are outstanding litigations against the Group Company and by the Group Company which if determined against it, could adversely impact its financial conditions.

  • The Company has reported certain negative cash flows from its operating, investing, and financing activities. Any operating losses or negative cashflows in the future could adversely affect the company results of operations and financial condition.

  • There have been instances of delays in payment of statutory dues, i.e. EPFO and ESIC, the Company.

Company Promoters

Promoters Holding

Issue For IPO
25.88%
Pre Holding

86.66%

Post Holding

60.78%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 76.46 (20.90%) 132.37 (73.10%) 32.80 (-)
Gross Profit 76.46 (20.90%) 132.37 (73.10%) 32.80 (-)
Net Income 76.46 (20.90%) 132.37 (73.10%) 32.80 (-)
Assets 76.46 (20.90%) 132.37 (73.10%) 32.80 (-)
Liabilities 76.46 (20.90%) 132.37 (73.10%) 32.80 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vishnusurya Projects and Infra Ltd 132.37 17.37 93.33 37.06 30.86 0.00 61.95 2.72 0.39
Rachana Infrastructure Ltd 63.52 2.26 114.71 114.71 2.84 1.22 42.66 1.97 0.22
Sonu Infratech Ltd 64.05 2.73 72.41 72.41 12.18 3.65 28.58 3.77 1.43
A B Infrabuild Ltd 123.09 7.54 125.24 125.24 21.34 5.95 27.88 6.01 0.87

Book Running Managers

  • Khandwala Securities Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

2nd Flr Qbas Temple Tower #76/,
25 North Mada Street Mylapore,
Chennai - 600004
Phone : +91 44 24950019 Email : cs@vishnusurya.com www.vishnusurya.com

Offer Related Information

Initial public issue of 73,50,000 equity shares of face value of Rs. 10/- each of Vishnusurya Projects and Infra Limited ("VPIL" or the "Company" or the "Issuer") for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity share (the "Issue Price") aggregating upto Rs. 49.98 crores ("the Issue"), of which 3,70,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 68/- per equity share including a share premium of Rs. 58/- per equity... More

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