Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Mon, Mar 4, 2024 - Wed, Mar 6, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 4, 2024
IPO Close
Wed, Mar 6, 2024
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹75.48 Cr
| IPO Date | 4 to 6 Mar, 2024 |
| Listed on | Tue, Mar 12, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,00,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,21,600 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 22,78,400 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 22,78,400 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 64,80,000 shares |
| Share Holding Post Issue | 88,80,000 shares |
| NSE Symbol | VR |
| ISIN | INE0QQM01017 |
V R Infraspace IPO comprises a total issue size of 24,00,000 shares. The net offer to the public is 22,78,400 shares, after excluding 1,21,600 shares allotted on a firm basis. Of the Net offer 11,39,200 (50.00%) allocated to NII 11,39,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,39,200 | 50.00% | 47.47% |
| Retail Shares Offered | 11,39,200 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,21,600 | 5.07% | |
| Total Shares Offered | 24,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.18 | 43.28 | 49.21 | 54.79 |
| Total Income | 7.32 | 18.76 | 13.88 | 13.49 |
| Profit After Tax | 0.90 | 2.62 | 0.80 | 0.72 |
| NET Worth | 12.90 | 12.12 | 9.49 | 8.70 |
| Reserves and Surplus | 6.42 | 5.64 | 3.01 | 2.22 |
| Total Borrowing | 6.61 | 9.72 | 10.39 | 16.76 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment into our subsidiary and part financing the construction of VR Vivanta | 15.00 |
| 2 | To Meet Working Capital Requirement | 3.50 |
| 3 | General Corporate Expenses | 1.40 |
| KPI | Sep 30, 2023 |
|---|---|
| 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 (₹) | 4.05 | 2.02 |
| P/E (x) | 20.99 | 42.15 |
| Promoter Holding | 100% | 72.97% |
| Market Cap | ₹75.48 Cr. |
The V R Infraspace IPO is subscribed 93.41 times on March 6, 2024 6:22:00 PM (Day 3). The public issue subscribed 90.55 times in the retail category, [.] times in the QIB category, and 85.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 85.21 | 11,39,200 | 9,70,68,800 |
| Retail | 90.55 | 11,39,200 | 10,31,50,400 |
| Total | 93.41 | 22,78,400 | 21,28,25,600 |
Total Application : 64,469
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling, commission and upload fees | 0.03 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.08 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹90.00 |
| Low | ₹85.50 |
| High | ₹91.00 |
| Last Trade | ₹87.40 |
Lead Manager Reports
V R Infraspace IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Mar 4, 2024, and closes on Wed, Mar 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 Mon, Mar 4, 2024 and closes on Wed, Mar 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 Mon, Mar 11, 2024. Check the V R Infraspace IPO allotment status.
The V R Infraspace IPO listing date is on Tue, Mar 12, 2024.
