Virtual Galaxy Infotech's IPO is 42 times oversubscribed, with a strong GMP of 53%, signaling potential listing gains.
The IPO aims to raise Rs 93.29 cr, with shares priced between Rs 135-142, and strong interest from non-institutional investors.
Funds will be used for expansion, debt repayment, and business development.
The company, founded in 1997, specializes in SaaS solutions and IT services, with FY24 revenue at Rs 63 cr.
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