V R Infraspace Limited IPO Detail
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.
Company Promoters
Mr. Vipul Devchand Rupareliya and Mrs. Sumitaben Vipulbhai Rupareliya.IPO Details
| IPO Opening Date | Mar 04, 2024 |
| IPO Closing Date | Mar 06, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹85 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.40 Cr |
| Fresh Issue | ₹20.40 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.10x | 8.05x | 4.58x |
| Day 2 | 0.00x | 0.00x | 0.00x | 4.49x | 25.46x | 14.98x |
| Day 3 | 0.00x | 0.00x | 0.00x | 85.21x | 90.55x | 93.41x |
IPO Tentative Timetable
The V R Infraspace Limited IPO open date is Mar 04, 2024, and the close date is Mar 06, 2024. The issue may list on Mar 12, 2024.
| IPO Open Date | Mar 04, 2024 |
| IPO Close Date | Mar 06, 2024 |
| Basis of Allotment Date | Mar 07, 2024 |
| Initiation of Refunds | Mar 11, 2024 |
| Credit of Shares to Demat Account | Mar 11, 2024 |
| IPO Listing Date | Mar 12, 2024 |
IPO Lot Size
The V R Infraspace Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹136000 |
| Maximum | 1 | 1600 | ₹136000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5479.20 | 1348.70 | 72.04 |
| 31-Mar-22 | 4920.59 | 1387.65 | 79.74 |
| 31-Mar-23 | 4328.38 | 1875.53 | 262.47 |
| 30-Sep-23 | 6117.91 | 732.41 | 89.54 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Investment into our subsidiary namely M/s Narnarayan Enterprise
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
V R Infraspace Limited IPO Registrar:
Link Intime India Private Ltd
V R Infraspace Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
V R Infraspace Limited
National Trade Center N. H. 8
Opp. L & T,
Bapod Na Vadodara-390019
