Vishnusurya Projects and Infra IPO GMP Today

The Vishnusurya Projects and Infra IPO commenced on September 29, 2023, and concluded on October 5, 2023. The allotment of shares took place on October 10, 2023, and the initiation of refunds began on October 11, 2023. The shares were credited to the demat accounts of investors on October 12, 2023. Finally, the listing of Vishnusurya Projects and Infra on the stock exchange occurred on October 13, 2023.

The Vishnusurya Projects and Infra IPO was priced at ₹68 per share, with a lot size of 2000 shares. The total issue size was ₹49.98 crores, comprising a fresh issue of ₹49.98 crores. The IPO was listed on the NSE SME.

In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.

Vishnusurya Projects IPO Basic Details

Vishnusurya Projects and Infra IPO GMP Today:

Vishnusurya Projects and Infra Limited IPO Details:

Vishnusurya Projects and Infra Limited was founded in 1996. They do two main things: they dig up rough stones and make aggregates and manufactured sand using Crushing Plants and Sand washing plants.

They have three parts to their business:

1. Engineering, Procurement, and Construction (EPC): They do lots of different things in property development and real estate, like building commercial and mixed-use properties, IT and institutional spaces, malls, offices, industrial parks, residential projects, luxury villas, resorts, factories, warehouses, stadiums, exhibition centers, entertainment venues, and more.
2. Mining and making sand: They own and run two quarries in Tamil Nadu, India. The first one is in Aruppukottai, Virudhunagar District, Tamil Nadu, and it covers 105 acres. They use it for breaking rocks and crushing them. It can produce 250 tonnes of stuff every hour, including 100 tonnes of washed sand. The second one is in Vandavasi, Tiruvannamalai District, Tamil Nadu, and it can crush 350 tonnes of stuff and wash 150 tonnes of sand in an hour. It’s 100 km from Chennai.
3. Drones or unmanned aerial vehicles (UAVs): They use drones for some of their work.

They’re a Class I contractor with different departments and agencies like the Greater Chennai Corporation, the Government of Tamil Nadu Water Resources Department, the Tamil Nadu Water Supply and Drainage Board, and the Highways Departments. This means they can take on projects from these departments and agencies.

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