The Virtual Galaxy Infotech IPO GMP has obtained a stable response from investors up to now. The problem has been subscribed around 36.8 times as of 10.18 AM on Wednesday, May 14, per NSE records.
The subscription was led by non-institutional investors (NIIs) who subscribed to the issue 84 times, observed through retail investors at 41 times. However, the areas reserved for certified institutional traders was booked only 3.40 times. It opened for public subscription on Friday, May 9 and could be near today, May 14.
Rise of Virtual Galaxy Infotech IPO GMP
According to the sources tracking unofficial markets, the unlisted shares of Virtual Galaxy Infotech had been trading at ₹222 in the grey market on Wednesday, commanding a top class of ₹80 or 56 % towards the upper end rate of ₹142.
IPO details
Virtual Galaxy Infotech IPO GMP aims to elevate ₹93.29 crore by a issue of 6.57 million equity shares. The foundation of allotment of shares is expected to be finalised on Thursday, May 15, 2025. Shares of Virtual Galaxy will list on the NSE SME platform on Monday, May 19, 2025, per the red herring prospectus (RHP).
The agency has set the price band in the range of ₹135-₹142 per fairness shares. A retail investor could require a minimal investment amount of ₹1,35,000 to bid for one lot comprising 1,000 stocks. The minimum investment amount required for high net worth individual (HNIs) is ₹2,84,000 for at least lots. Maashitla Securities is the registrar of the issue. Smart Horizon Capital Advisors serves as the sole equity-strolling lead manager for the Virtual Galaxy Infotech IPO.
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