V R Infraspace IPO opens for subscription on March 4, 2024 and closes on March 6, 2024.
V R Infraspace IPO is a fixed price issue of Rs 20.40 crores. The issue is entirely a fresh issue of 24 lakh shares.The allotment for the IPO is expected to be finalized on Thursday, March 7, 2024. IPO will list on NSE SME with tentative listing date fixed as Tuesday, March 12, 2024.
V R Infraspace IPO price is ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the V R Infraspace IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for IPO is Spread X Securities.
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”.
V R Infraspace has completed residential projects named VR Celebrity Luxuria and VR Imperia and a commercial project named VR One Commercial Business Center.
As of September 30, 2023, the Company reported a Consolidated Total Income of Rs. 732.41 Lakhs and Profit after tax of Rs. 89.54 Lakhs.
The company’s registered office is situated at Vadodara, Gujarat, India
As of August 31st, 2023, the company has 9 employees at the construction site and registered office, including key management personnel.
V R Infraspace IPO Details
| IPO Date | March 4, 2024 to March 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹20.40 Cr) |
| Fresh Issue | 2,400,000 shares (aggregating up to ₹20.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,480,000 |
| Share holding post issue | 8,880,000 |
| Market Maker portion | 121,600 shares |
V R Infraspace IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
V R Infraspace IPO Timeline (Tentative Schedule)
V R Infraspace IPO opens on March 4, 2024, and closes on March 6, 2024.
| IPO Open Date | Monday, March 4, 2024 |
| IPO Close Date | Wednesday, March 6, 2024 |
| Basis of Allotment | Thursday, March 7, 2024 |
| Initiation of Refunds | Monday, March 11, 2024 |
| Credit of Shares to Demat | Monday, March 11, 2024 |
| Listing Date | Tuesday, March 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2024 |
V R Infraspace IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
V R Infraspace IPO Promoter Holding
The promoters of the company are Mr. Vipul Devchand Rupareliya and Mrs. Sumitaben Vipulbhai Rupareliya.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.97% |
V R Infraspace Limited Financial Information (Restated Consolidated)
V R Infraspace Limited’s revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,117.91 | 4,328.38 | 4,920.59 | 5,479.20 |
| Revenue | 732.41 | 1,875.53 | 1,387.65 | 1,348.70 |
| Profit After Tax | 89.54 | 262.47 | 79.74 | 72.04 |
| Net Worth | 1,290.10 | 1,211.86 | 949.39 | 869.65 |
| Reserves and Surplus | 642.10 | 563.86 | 301.39 | 221.65 |
| Total Borrowing | 661.36 | 971.87 | 1,038.55 | 1,676.31 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of V R Infraspace IPO is Rs 75.48 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 7.16% |
| ROCE | 6.12% |
| Debt/Equity | 0.51 |
| RoNW | 6.94% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.33 |
V R Infraspace Limited Contact Details
National Trade Center N. H. 8
Opp. L & T,
Bapod Na Vadodara-390019
Phone: +91- 9737118885
Email: info@vrinfraspace.com
Website: https://vrinfraspace.in/
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