The share price of VVIP Infratech debuted brilliantly on the BSE SME today. The opening price of VVIP Infratech shares today was Rs 176.70, which is 90% more than the Rs 93 issue price.
VVIP Infratech’s initial public offering (IPO) was priced between Rs 91 and Rs 93 per share, with a Rs 10 face value. In addition to the minimum of 1,200 shares, multiples of 1,200 shares were also open to bidding. The VVIP Infratech IPO subscription period lasted from Tuesday, July 23, to Thursday, July 25. On the final day of bidding, the VVIP Infratech IPO subscription status was 236.92 times.
Infrastructure project planning, development, and construction are the primary operations of the company VVIP Infratech. Water tanks, sewer treatment plants, sector development, Jal Jeewan Mission work, electrical distribution and substations up to 33 KVA are among the projects that fall under this category.
The VVIP Infratech IPO, worth Rs 61.21 crore, includes a new issuance of 6,582,000 equity shares having a face value of Rs 10.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.