Virtual Galaxy Infotech IPO

Incorporated in September 1997, Virtual Galaxy Infotech Limited (VGIL) is an IT services and consulting firm based in Nagpur, Maharashtra, India. VGIL delivers innovative software products and services across multiple sectors, including Banking and finance, ERP, e-government, Web Services, Cloud Computing, Big Data, IoT, and System Integration. The company has successfully provided advanced technology solutions to more than 5,000 bank branches, manufacturing firms, and businesses. Their offerings focus on transaction automation, customer service delivery, compliance, and decision support. The company's flagship product, "e-banker," is a comprehensive Core Banking Solution designed to address the dynamic techno-financial environment of banking institutions. The company has over 300 professionals dedicated to delivering high-quality software solutions for clients. VGIL's expertise extends to supporting diverse organizations, including bank branches, manufacturing setups, and business houses, ensuring reliable and efficient technology services that empower organizations to thrive in a fast-evolving digital landscape. The company holds several quality certifications, including ISO 9001:2015, ISO/IEC 27001:2013, ISO/IEC 20000-1:2018, and ISO/IEC 23001-7:2023. The company serves commercial banks, cooperative banks, NBFCs, SACCOs in the BFSI sector, and corporate clients in the sugar, solvex, textiles, fertiliser, seed, and education industries. The company serves clients in over 15 Indian states and has expanded internationally to Tanzania and Malawi.  As of December 31, 2024, the company had a total strength of 329 employees on its payroll. Competitive Strength Offer integrated software solutions for the banking and financial services sector. Diversified business across several verticals. Diversified revenue streams. Recurring and non-recurring, repeat revenues from long-standing customer relationships. Experienced promoters and senior management team with strong industry expertise and successful track record.

The Company Virtual Galaxy Infotech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (in Millions) 1 Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra; 342.68 2 Repayment/ prepayment of certain borrowings availed by the Company 30.00 3 Investment in procuring GPU, server & storage system at Data Centre; 50.50 4 Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring 189.00 5 Funding for business development and marketing activities 140.60 6 General corporate purposes

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App