Question 1: What is the Overview of the Company?

Virtual Galaxy Infotech Ltd is a technology-driven company primarily engaged in providing software solutions and IT services. Established in 1997 and headquartered in Nagpur, Maharashtra, the company specializes in developing and delivering core banking software, enterprise resource planning (ERP) systems, and custom software products for clients in the BFSI (Banking, Financial Services, and Insurance), ERP, and e-governance sectors.

The company offers end-to-end software solutions covering product development, implementation, integration, and post-deployment support. Its core product suite includes E-Banker, a modular banking software platform offered both as an on-premise solution and via a Software-as-a-Service (SaaS) model. This flexibility allows clients such as cooperative banks, NBFCs, and credit societies to adapt the software to their unique operational needs.

In addition to its proprietary products, Virtual Galaxy Infotech also provides services in digital transformation, IT consultancy, and managed services, positioning itself as a comprehensive tech partner for organizations seeking to modernize their technology infrastructure. The company’s strategic focus lies in innovation, product scalability, and catering to the digital evolution of financial and government institutions.

Product/Service wise Revenue Bifurcation:

Orderbook:

Govt. v/s Non-Govt. Revenue Bifurcation:

Industry wise Revenue Bifurcation:

Question 2: Who are the promoters of the Company?

1. Avinash Narayanrao Shende

• Role: Managing Director
• Responsibilities: Oversees the company’s strategic direction, product innovation, and client relationships, particularly in the banking and ERP sectors.
• Background: Possesses extensive experience in IT services and software development, with a focus on core banking and enterprise solutions.LinkedIn

2. Sachin Purushottam Pande

• Role: Executive Director
• Responsibilities: Manages operational execution, project delivery, and the development of customized software solutions across various sectors, including BFSI and e-governance.
• Background: Brings a strong technical background and leadership experience in software development and IT consulting.

Both promoters have played pivotal roles in steering Virtual Galaxy Infotech Ltd. towards becoming a comprehensive provider of IT solutions, with a diverse portfolio that includes core banking software, ERP systems, and customized applications for various industries.

Question 3: How Company performed in the past?

Question 4: How much money is the company raising and why?

In the IPO, the company is Offering 65.7 Lakh shares, priced at INR 135-142 per share, aggregating to total of INR 93.29 Cr.

with a lot size of 1000 shares. the Purpose of:

Capital expenditure towards setting up additional development facility in Nagpur, Maharashtra – INR 34.26 Cr

Repayment of borrowings – INR 3 Cr

Investment in procuring GPU, server & storage system at Data Centre – INR 5.05 Cr

Funding of expenditure related to enhancement, maintenance and upgrading existing products through manpower hiring – INR 18.9 Cr

Funding for Business development and marketing activities – INR 14.06 Cr

General Corporate Purposes

Question 5: Valuation of the Company and comparison with other companies

Strengths

1. Established Industry Presence
   Operating since 1997, the company has built long-standing relationships in the BFSI and government tech space.
2. Diversified Product Portfolio
   Offers a range of software solutions including core banking, ERP, and custom software, catering to multiple sectors like BFSI, ERP, and e-governance.
3. SaaS-Based Model
   The availability of flagship products like E-Banker in a SaaS model provides scalability, recurring revenues, and ease of deployment for clients.
4. End-to-End IT Solutions
   The company manages the complete lifecycle from software development to implementation and support, offering a one-stop solution to clients.
5. Expansion Plans
   Focused on technology infrastructure and product enhancement, which positions it for future growth and competitiveness.

Weaknesses

1. Sectoral Concentration
   Heavy reliance on BFSI and government sectors exposes the company to risks related to policy changes or reduced IT spending in these domains.
2. High Competition
   Operates in a crowded software and IT services market, facing competition from both large IT companies and agile startups.
3. Technology Dependency
   As a tech company, staying updated with rapidly changing technologies is crucial. Lag in adopting innovations could affect its relevance.
4. Client Concentration Risk
   Dependence on a few large clients could impact revenue stability if any major client relationship ends.
5. SME Listing Risks
   As an SME IPO on NSE, it may have limited liquidity and lower visibility among institutional investors post-listing.

IPO Registrar – Virtual Galaxy Infotech Ltd

Maashitla Securities Private Limited

• Phone: +91-11-45121795-96
• Email: ipo@maashitla.com
• Website: https://maashitla.com/allotment-status/public-issues

Lead Manager (Merchant Banker)

Smart Horizon Capital Advisors Private Limited

Corporate Office – Virtual Galaxy Infotech Ltd

3, Central Excise Colony,
Behind Mahatme Eye Bank, Chhatrapati Square,
Ring Road, Nagpur, Maharashtra

• Phone: +91 9226531342
• Email: investors@vgipl.in
• Website: www.vgipl.com

Frequently Asked Questions (FAQs)

1. What is the Virtual Galaxy Infotech IPO?

Virtual Galaxy Infotech Ltd is launching its Initial Public Offering (IPO) to raise funds for business expansion, working capital, and general corporate purposes. The company provides IT and software solutions, especially in the BFSI and e-governance sectors.

2. What are the IPO opening and closing dates?

The IPO opens on May 10, 2025, and closes on May 14, 2025.

3. What is the price band for the IPO?

The IPO is priced at ₹55 per share.

4. What is the lot size for the Virtual Galaxy Infotech IPO?

Investors can apply in a lot size of 2,000 shares.

5. On which exchange will the shares be listed?

The shares will be listed on the NSE SME platform.

6. Who are the lead managers for the IPO?

The IPO is managed by Smart Horizon Capital Advisors Private Limited.

7. Who is the registrar of the IPO?

The registrar is Maashitla Securities Private Limited.

8. What is the minimum investment required?

Based on the lot size and price, the minimum investment is ₹110,000 (₹55 x 2,000 shares).

9. How can I apply for the IPO?

You can apply for the IPO via your broker or through online platforms using the UPI or ASBA (Application Supported by Blocked Amount) facility.

10. Where can I check the IPO allotment status?

You can check the allotment status on the registrar’s website:
👉 https://maashitla.com/allotment-status/public-issues