V R Infraspace IPO is an NSE SME IPO. They are going to raise ₹20.40 Crores via IPO. The issue is priced at ₹85 per equity share. The IPO is to be listed on NSE.
V R Infraspace Limited IPO opens for subscription on March 04, 2024. and closes on March 06, 2024. The allotment for the V R Infraspace Limited IPO is expected to be finalized on March 7, 2024. V R Infraspace Limited IPO will list on NSE SME with tentative listing date fixed as Friday, March 12, 2024.
| IPO Details | allotment |
| Minimum Investment ₹136,000 /1 Lot (1600 shares) | Price Range ₹85-₹85 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹136,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 20.40 Cr | Employee Discount ₹0 |
| Total Issue Size 2,400,000 Shares (aggregating up to ₹20.40 Cr) | Share Holding Pree Issue 6,480,000 | Issue Type Fixed price Issue IPO |
| Fresh Issue Share 2,400,000 Shares (aggregating up to ₹20.40 Cr) | Share Holding Post Issue 8,880,000 | Listing At NSE SME |
| Market Maker Portion 121,600 shares (spread x securities) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 04 March 2024 |
| Offer Ends | 06 March 2024 |
| Allotment | 07 March 2024 |
| Refunds | 11 March 2024 |
| Credit of shares to Demat account | 11 March 2024 |
| IPO Listing | 12 March 2024 |
About V R Infraspace Limited
Incorporated in December 2015,
V R Infraspace Limited is a real estate development company primarily focused on constructing and developing residential and commercial projects in and around Vadodara, Gujarat.
The company offers a range of luxurious, affordable residential buildings with various types of accommodations. Each building has security systems, sports and recreational facilities, play areas, and electricity backups. The company provides residential and commercial projects under the brand name “VR”.
They have developed projects catering to the middle-income and high-income groups. Their residential apartment portfolio consists of various types of accommodation of varying sizes. They have concentrated on developing luxury, yet affordable, housing in the residential segment. Their residential buildings are designed with a variety of amenities such as security systems, sports and recreational facilities, play areas, and electricity backup. As of the date of this Prospectus, all of their Projects are constructed and proposed to constructed are on own land of the Company.
The company’s registered office is situated at Vadodara, Gujarat, India
| Incorporated in | Managing Director |
| 2015 | Mr. |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 72.97% |
V R Infraspace Limited IPO Lot Size
The V R Infraspace IPO minimum market lot is 1600 shares with a ₹136,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3200 | ₹272,000 |
V R Infraspace Limited IPO Prospectus
| V R Infraspace Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,875.53 | ₹1,387.65 | ₹1,348.70 |
| Assets | ₹4,328.38 | ₹4,920.59 | ₹5,479.20 |
| Profit | ₹262.47 | ₹79.74 | ₹72.04 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 75.48 Cr | ROE | 7.16% |
| P/E (X) | 20.99 | ROCE | 6.12% |
| POST P/E (X) | 42.15 | EPS | 4.05 |
| Debt to Equity | 0.51 | RONW | 6.94% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Investment into our subsidiary namely M/s Narnarayan Enterprise.
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Brokerage Firm IPO Review
- To be updated soon
| V R Infraspace Limited Contact Details | |
| Address | V R Infraspace Limited National Trade Center N. H. 8 Opp. L & T, Bapod Na Vadodara-390019 |
| Phone: | +91- 9737118885 |
| info@vrinfraspace.com | |
| Website | https://vrinfraspace.in/ |
| V R Infraspace Limited IPO Registrar | |
| . | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| vrinfraspace.ipo@linkintime.co.in | |
| Website | Website: https://linkintime.co.in/initial_offer/public-issues.html |
| V R Infraspace Limited IPO Allotment Status Check |
| V R Infraspace Limited IPO Allotment Status Check Click Here |
| V R Infraspace Limited Lead Managers | |
| Beeline Capital Advisors Pvt Ltd B/1311-1314, Shilp Corporate Near Rajpath Club, Rajpath Rangoli Road, Sarkhej – Gandhinagar Hwy, Ahmedabad, Gujarat – 380054 | |
| Phone | 079 4840 7357 |
| mb@beelinemb.com | |
| Website | https://beelinemb.com/ |
V R Infraspace Limited IPO FAQs
What is V R Infraspace Limited IPO?
- V R Infraspace Limited IPO is an NSE SME IPO. They are going to raise ₹20.40 Crores via IPO. The issue is priced at ₹85 to ₹85 per equity share. The IPO is to be listed on NSE.
- The IPO opens on March 04, 2024. and closes on March 06, 2024.
When V R Infraspace Limited IPO will open?
- The IPO is to open on March 04, 2024. for NII, and Retail Investors. and closes on March 06, 2024
What is V R Infraspace Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is V R Infraspace Limited IPO Size?
- V R Infraspace Limited IPO size is ₹20.40 crores.
What is V R Infraspace Limited IPO Price Band?
- V R Infraspace Limited IPO Price Band is ₹85 to ₹85 per equity share.
What is V R Infraspace Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹136,000. and Maximum Lot Size 1 Lots (1600 Shares) with ₹136,000
What is V R Infraspace Limited IPO Allotment Date?
- V R Infraspace Limited IPO allotment date is March 07, 2024.
What is V R Infraspace Limited IPO Listing Date?
- V R Infraspace Limited IPO listing date is March 12, 2024. The IPO to list on NSE.