What is the issue size of Vishnusurya Projects IPO?

The issue size of the Vishnusurya Projects IPO is Rs 49.98 cr

What is 'pre-apply' for Vishnusurya Projects IPO?

Pre-apply will alow you to apply for the Vishnusurya Projects IPO 2 days before the subscription period starts.

If I pre-apply for Vishnusurya Projects IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Vishnusurya Projects IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Vishnusurya Projects IPO order is placed?

We will notify you when your Vishnusurya Projects IPO order is placed with the exchange.

What are the open and close dates of the for Vishnusurya Projects IPO?

Vishnusurya Projects IPO will be open between 29 Sept - 5 Oct, 2023.

What is the lot size and minimum order quantity of the Vishnusurya Projects IPO?

Vishnusurya Projects Limited IPO lot size is 2000 shares.

What are the allotment dates for the Vishnusurya Projects IPO?

Vishnusurya Projects IPO allotment date is 10 Oct, 2023. For Vishnusurya Projects IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Vishnusurya Projects IPO?

Vishnusurya Projects IPO registrar is Cameo Corporate Services Limited. You can check Vishnusurya Projects IPO allotment status on the website of the registrar.

Where is the Vishnusurya Projects IPO getting listed?

The shares are proposed to be listed on NSE SME.

Vishnusurya Projects IPO

Vishnusurya Projects and Infra Limited

₹1,36,000 /2000 sharesMinimum Investment

Vishnusurya Projects IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹68.00₹73.00₹5.00 (7.35%)
Vishnusurya Projects IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
29 Sep ‘23 - 5 Oct ‘23₹1,36,0002,000₹68 - ₹68
Issue SizeIPO Doc
49.98CrRHP PDF
About Vishnusurya ProjectsVishnusurya Projects, founded in 1996, is involved in the extraction of raw stones and the production of aggregates and manufactured sand through crushing and sand-washing plants. Beyond mining, the company undertakes EPC projects, encompassing construction and infrastructure across key sectors such as water, transportation, rail, resources, and institutional development.
The company has a portfolio of past projects, including the construction of villas, multi-story apartments, specialized contracts like compound walls, renovation projects, site formation, and more. It also designs and constructs various infrastructure projects for government bodies, autonomous institutions, and private entities within Tamil Nadu. Additionally, Vishnusurya Projects offers comprehensive solutions for drones as a service, catering to surveillance, mapping, and surveying needs, facilitating integration into various applications.;
Parent Organisation
Vishnusurya Projects and Infra Limited
Founded
1996
Managing Director
Mr. Sanal Kumar V
Strengths & Risks
Vishnusurya Projects' profit after tax (PAT) has grown at a CAGR of 102.74% year-on-year from 2020-21 to 2022-23.
Their total income rose from Rs. 6,339.33 lakhs in 2021 to Rs. 9,603.62 lakhs in 2022 and Rs. 13,326.06 lakhs in 2023. It signifies a CAGR of 44.99% year-on-year.
In terms of project execution, Vishnusurya Projects has completed 17 projects in recent years. Among these, 10 are civil construction projects, 1 is a road construction project, and 6 are infrastructure-related projects, totaling an estimated value of Rs. 13,619.06 lakhs.
The company has also recorded Rs. 14,027.12 lakhs income by executing various engineering, procurement, and construction (EPC) projects, most of which are carried out in Tamil Nadu.
As of August 31, 2023, Vishnusurya Projects is actively engaged in the execution of 5 ongoing projects. This includes one road construction project and 4 EPC projects, with a combined order book value of Rs. 23,550 lakhs.
The company has generated income of around Rs. 7,955 lakhs from the execution of diverse EPC projects in recent years.
Vishnusurya Projects holds a Class I contractor accreditation from multiple departments and agencies. These include the Greater Chennai Corporation (GCC), the Government of Tamil Nadu Water Resources Department, the Tamil Nadu Water Supply and Drainage Board, and the Highways Departments. 
Vishnusurya Projects faces certain legal disputes, both filed against them and initiated by them. If resolved unfavorably, it could harm the company's financial health.
The company has experienced negative cash flows from its operational, investment, and financing activities. Future losses or negative cash flows could harm the company's operations and financial stability.
Vishnusurya Projects relies heavily on the performance and conditions within the construction and infrastructure industry in India, particularly in Tamil Nadu. It exposes them to risks stemming from economic and regulatory changes and natural disasters in the area, which may negatively impact their business, financial results, and cash flows.
The company's drone business activities are subject to stringent regulations, which may change over time. Non-compliance with these regulations, as the Government of India specified, could significantly affect their business and operations.
As of August 31, 2023, the company's total outstanding indebtedness is Rs. 3,473.24 lakh.
Vishnusurya Projects also holds several contingent liabilities and commitments that, if realized, could impact their financial position.
Some of the affiliated companies within the Vishnusurya Group have incurred losses in previous financial years and currently have a negative net worth.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹68 - 68₹2 Lakh
High Networth Individual₹68 - 68₹2 - 5 Lakh
For Vishnusurya Projects IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹68.00	₹73.00	₹5.00 (7.35%)

Bidding Dates	Min. Investment	Lot Size	Price Range
29 Sep ‘23 - 5 Oct ‘23	₹1,36,000	2,000	₹68 - ₹68

Issue Size	IPO Doc
49.98Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹68 - 68	₹2 Lakh
High Networth Individual	₹68 - 68	₹2 - 5 Lakh

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