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 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 Opening Date | 04 March 2024 |
| IPO Closing Date | 06 March 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 24,00,000 Shares Worth ₹20.40 Crore Fresh Issue: 24,00,000 Shares Worth ₹20.40 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹85 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
V R Infraspace IPO – Date Schedule
| IPO Open Date | 04 March 2024 |
| IPO Close Date | 06 March 2024 |
| Basis of Allotment | 07 March 2024 |
| Initiation of Refund | 11 March 2024 |
| Credit of Shares to Demat Account | 11 March 2024 |
| IPO Listing Date | 12 March 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 06 March 2024 |
V R Infraspace IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,36,000 |
| Retail (Maximum) | 1 | 1600 | ₹1,36,000 |
| HNI (Minimum) | 2 | 3200 | ₹2,72,000 |
Competitive Strengths
- Experienced Management Team.
- Established brand and reputation.
- Operation methodology.
- Scalable Business Model.
- Quality Assurance and Standards.
- Ability to create projects which redefine the surrounding geography and create value.
Company Promoters
- Mr. Vipul Devchand Rupareliya
- Mrs. Sumitaben Vipulbhai Rupareliya
Object Of The Issue
- Investment into our subsidiary namely M/s Narnarayan Enterprise.
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 13.52 | 12.68 | 0.71 | 16.76 |
| 31 March 2022 | 14.04 | 13.10 | 0.75 | 10.38 |
| 31 March 2023 | 18.47 | 15.75 | 2.61 | 9.71 |
| 30 September 2023 | 7.43 | 6.27 | 0.86 | 6.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.16% |
| ROCE | 6.12% |
| Debt/Equity | 0.51 |
| RoNW | 6.94% |
| P/BV | 6.26 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.05 | 2.02 |
| P/E (x) | 20.99 | 42.15 |
V R Infraspace IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.97% |
V R Infraspace IPO Prospectus
Company Contact Information
| V R Infraspace Limited National Trade Center N. H. 8 Opp. L & T, Bapod Na Vadodara-390019 Phone: +91- 9737118885 Email: info@vrinfraspace.com Website: https://vrinfraspace.in/ |
V R Infraspace IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: vrinfraspace.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
V R Infraspace IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
V R Infraspace IPO FAQs
| What is V R Infraspace IPO? V R Infraspace IPO is a SME IPO. The issue is priced at ₹85 per equity share. The IPO is to be listed on NSE SME. |
| When V R Infraspace IPO will open? The IPO is to open on 04 March 2024 for NII – 50% and Retail – 50% Investors. |
| How to V R Infraspace IPO? You can apply V R Infraspace IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the V R Infraspace IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “V R Infraspace”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the V R Infraspace IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “V R Infraspace”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is V R Infraspace IPO Size? V R Infraspace IPO size is ₹20.40 crores. |
| What is V R Infraspace IPO Price Band? V R Infraspace IPO Price Band is ₹85. |
| What is V R Infraspace IPO Minimum and Maximum Lot Size (Retail)? The minimum bid is 1600 Shares with ₹1,36,000 amount while the maximum bid is 1600 shares with ₹1,36,000. |
| What is the V R Infraspace IPO Allotment Date? V R Infraspace IPO allotment date is 07 March 2024. |
