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V R Infraspace IPO is a fixed price issue of ₹20.40 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹20.40 crore.
V R Infraspace IPO bidding started from Mar 4, 2024 and ended on Mar 6, 2024. The allotment for V R Infraspace IPO was finalized on Mar 7, 2024. The shares got listed on NSE SME on Mar 12, 2024.
V R Infraspace IPO price is ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to V R Infraspace IPO RHP for detailed Information.
| IPO Date | March 4, 2024 to March 6, 2024 |
| Listing Date | March 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹20.40 Cr) |
| Reserved for Market Maker | 1,21,600 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.03 Cr) |
| Net Offered to Public | 22,78,400 shares (aggregating up to ₹19.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 64,80,000 shares |
| Share Holding Post Issue | 88,80,000 shares |
V R Infraspace IPO offers total 24,00,000 shares. Out of which 11,39,200 (47.47%) allocated to NII, 11,39,200 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,21,600 (5.07%) |
| NII (HNI) Shares Offered | 11,39,200 (47.47%) |
| Retail Shares Offered | 11,39,200 (47.47%) |
| Total Shares Offered | 24,00,000 (100.00%) |
V R Infraspace IPO opens on March 4, 2024, and closes on March 6, 2024.
| IPO Open Date | Mon, Mar 4, 2024 |
| IPO Close Date | Wed, Mar 6, 2024 |
| Tentative Allotment | Thu, Mar 7, 2024 |
| Initiation of Refunds | Mon, Mar 11, 2024 |
| Credit of Shares to Demat | Mon, Mar 11, 2024 |
| Tentative Listing Date | Tue, Mar 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 6, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 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 |
| Total Income | 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 | ||||
The market capitalization of V R Infraspace IPO is ₹75.48 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 7.16% |
| ROCE | 6.12% |
| Debt/Equity | 0.51 |
| RoNW | 6.94% |
| PAT Margin | 12.33% |
| Price to Book Value | 6.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.05 | 2.02 |
| P/E (x) | 20.99 | 42.15 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in reality segment and construction affordable housing projects in and around Vadodara. It is operating in a highly competitive and fragmented segment. On the financial performance front, it posted bumper profits for FY23 indicating some window dressing for inflated valuations. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | March 12, 2024 |
| BSE Script Code | |
| NSE Symbol | VR |
| ISIN | INE0QQM01017 |
| Final Issue Price | ₹85 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹91.00 |
| Last Trade | ₹87.40 |
V R Infraspace Ltd.
National Trade Center N. H. 8
Opp. L & T,
Bapod Na
Vadodara, Gujarat, 390019
Phone: +91- 9737118885
Email: info@vrinfraspace.com
Website: https://vrinfraspace.in/
MUFG Intime India Pvt.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 is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹20.40 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on March 4, 2024, and closes on March 6, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in V R Infraspace IPO using UPI as a payment gateway. Zerodha customers can apply in V R Infraspace IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V R Infraspace IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V R Infraspace IPO opens on March 4, 2024 and closes on March 6, 2024.
V R Infraspace IPO lot size is 1600, and the minimum amount required for application is ₹1,36,000.
You can apply in V R Infraspace IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for V R Infraspace IPO will be done on Thursday, March 7, 2024, and the allotted shares will be credited to your demat account by Monday, March 11, 2024. Check the V R Infraspace IPO allotment status.
The V R Infraspace IPO listing date is on Tuesday, March 12, 2024.
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