Virtual Galaxy Infotech IPO booked 23 times on Day 3; GMP indicates 53% listing premium

Virtual Galaxy Infotech’s IPO witnessed strong investor interest, subscribing nearly 23 times with a healthy grey market premium of around Rs 75. The IPO aims to raise Rs 93.29 crore for capital expenditure and business development. The company, founded in 1997, has shown strong financial growth, with revenue increasing to Rs 63 crore in FY24.

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