With over 200x subscription, Virtual Galaxy Infotech IPO leaves investors starry-eyed. Check allotment, GMP

Synopsis

Virtual Galaxy Infotech's IPO saw overwhelming demand, being subscribed over 200 times, fueled by strong investor interest across all categories. Allotment finalization is expected today, with investors eagerly awaiting results and a robust grey market premium of 53%. The IPO comprised a fresh issue of 6.57 million shares, aiming to raise Rs 93.29 crore, with listing scheduled for May 19.

Virtual Galaxy Infotech's IPO has concluded with overwhelming demand, being subscribed over 200 times. This massive subscription is driven by strong investor interest across categories. The allotment of shares for the IPO is expected to be finalized later today. Investors can check their allotment status through the following methods.

The company is boasting a robust grey market premium (GMP) of about 53% over the issue price. Investors who have applied for the IPO are now eagerly awaiting the allotment status.

How to check Virtual Galaxy Infotech IPO allotment status through BSE website

Visit the official BSE website.

1) Go to the ‘Equity’ section under the ‘Investors’ tab.

2) Select ‘Virtual Galaxy Infotech’ from the dropdown menu.

3) Enter your application number or PAN, and click on ‘Search’.

Through the Registrar’s Website (Bigshare Services)

1) Visit the Bigshare Services website (https://www.bigshareonline.com/ipo_Allotment.html).

2) Go to the ‘IPO Allotment’ section.

3) Select ‘Virtual Galaxy Infotech IPO’.

4) Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Virtual Galaxy Infotech IPO subscription details

The IPO witnessed significant interest from investors across all categories. The strong demand led to a subscription of over 200 times, making it one of the most sought-after IPOs in the recent SME segment. The listing date is scheduled on May 19.

Investors who receive allotment can expect to see the shares credited to their demat accounts by May 17, while those who do not receive an allotment will have their refunds processed on May 16. Given the strong subscription numbers and the grey market premium, Virtual Galaxy Infotech’s listing on May 19 is expected to be keenly watched.

Virtual Galaxy Infotech IPO: Key details

The IPO comprised a fresh issue of 6.57 million equity shares, aiming to raise Rs 93.29 crore. The price band was set between Rs 135 and Rs 142 per share, with a minimum lot size of 1,000 shares.

Virtual Galaxy Infotech, established in 1997, is a technology-driven company specializing in Software as a Service (SaaS) solutions, core banking software, IT services, ERP implementation, and customized software development.

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