Vishnusurya Projects and Infra Limited IPO
i. Vishnusurya Projects is in mining of rough stones and manufacturing of aggregates & Manufacture-sand by using Crushing Plants and Sand washing plants. In addition to mining activities, we are engaged in EPC Projects (construction and infrastructure) delivered across all key sectors such as water, transportation, rail, resource, and institutional development. The Company executed and delivered multiple real estate projects in past such as construction of villas, multi storied apartments, specific contracts like compound wall, renovation works, site formation, etc. and design and construction of various infrastructure projects for the government, autonomous and private bodies in state of Tamil Nadu. The Company is also engaged in buying, selling and providing integrated solutions for Drones as a Service for surveillance, mapping and surveying purposes.
ii. Their business operations are broadly divided into the following categories:
iii. They have been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (“GCC”), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, (4) Highways Departments pursuant to which we are eligible to participate and undertake projects awarded by various other departments and agencies.
iv. They have executed a diverse range of construction and infrastructure projects in sectors such as roads and highway construction, railways, waterways, sewerage operation, building construction, etc. and successfully completed key projects across diverse market segments and have diversified exposures across property, civil, infrastructure, mining, and aggregates sectors.
v. They have executed 17 projects in the recent years, out of which 10 (Ten) are civil construction projects, 1 (One) is of road construction and 6 (Six) are infrastructure related projects with an aggregate value of Rs. 13,619.06 Lakhs.
Objects of the Vishnusurya Projects and Infra Limited IPO:
Vishnusurya Projects and Infra Limited IPO Details:
|Open Date:||Sep 29 2023|
|Close Date:||Oct 05 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||49.98 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 68 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 09 2023|
Promoters And Management:
Financials of Vishnusurya Projects and Infra Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||6,322||7,646||13,237|
|Purchases of Stock-In-Trade||410||0||155|
|Changes in Inventories||-328||328||-434|
|Employee benefits expenses||611||896||914|
|Depreciation & Amortisation||182||354||673|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Vishnusurya Projects and Infra Limited||132||17||7.05||9.6||68||167|
|Rachana Infrastructure Limited||64||2||1.21||84.1||99||184|
|Sonu Infratech Limited||64||3||3.48||17.3||60||47|
|A B Infrabuild Limited||123||8||5.95||20.3||27.6||122|