Archive · 20 May 2025
Virtual Galaxy Infotech Lists on NSE at 26% Premium
Virtual Galaxy Infotech, an IT company, started trading on the NSE at a price 26% higher than expected.
The company's IPO was very successful, with many more people wanting to buy shares than were available.
The Chief Minister of Maharashtra expressed pride in the company's success.
The company plans to create new jobs, and is developing a new campus.
Funds from the IPO will be used to pay back loans, buy computer equipment, improve existing products, and expand the business.
This positive development is seen as a boost for other IT businesses in the region.
Virtual Galaxy Infotech Limited listed on the NSE at a 26% premium.
The company's IPO was oversubscribed by more than 231 times.
The Chief Minister of Maharashtra acknowledged the listing.
The company plans to create 1,000 jobs in two years.
Funds from the IPO will be used for various purposes, including debt repayment and infrastructure.
- Who
- Virtual Galaxy Infotech Limited
- What
- Virtual Galaxy Infotech Limited listed on NSE with a 26% premium.
- When
- Monday (Specific date not mentioned)
- Where
- NSE, Nagpur, MIHAN-SEZ
- Why
- To raise capital for expansion and repay debt.
- Company
- Virtual Galaxy Infotech Limited
- Listing Venue
- NSE
- Opening Price
- Rs 180 (26% premium)
- IPO Oversubscription
- 231 times
- Public Offer Value
- Rs 93 crore
- Job Creation
- 1,000 jobs in two years
- Campus Location
- MIHAN-SEZ