Virtual Galaxy Infotech Ltd - IPO

Virtual Galaxy Infotech Ltd IPO Details

Initial public offer of upto 66,60,000 equity shares of face value of Rs.10/- each (the equity shares) of Virtual Galaxy Infotech Limited (thecompany or Virtual Galaxy or VGIL or the issuer) for cash at a price of Rs.[*] per equity share including a share premium of Rs.[*] per equity share (the issue price) aggregating to Rs.[*] crores (the issue), of which upto [*] equity shares of face value of Rs.10/- each for cash at aprice of Rs.[*] per equity share including a share premium of Rs.[*] per equity share aggregating to Rs.[*] crores will be reserved for subscription by market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e., net issue of upto [*] equity shares of face value of Rs.10/- each at a price of Rs.[*] per equity share including a share premium of Rs.[*] per equity share aggregating to Rs.[*] crores is herein after referred to as the net issue. the issue and the net issue will constitute [*]% and [*]% respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs.10/- each. the issue price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company in consultation with the book running lead manager.

Objective of issue

Capital expenditure towards setting up additional development facility in. Repayment/prepayment of certain borrowings availed by the company. Investment in procuring GPU server & storage system at Data Centre. Funding of expenditure related to enhancement maintenance and upgrading existing products. Funding for business development and marketing activites and. General corporate purposes.

Virtual Galaxy Infotech Ltd Contact Details

Virtual Galaxy Infotech Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - investors@vgipl.in

Website - www.vgipl.com