V R Infraspace IPO will open for subscription from 04 March 2024. The company aims for an issue size of ₹20.40 Cr through this IPO.
Company Overview
| Full name | V R Infraspace Limited |
| Sector | Realty |
| Industry | Construction – Real Estate |
| Company Website | https://vrinfraspace.in/ |
About Company
V R Infraspace is a construction and real estate development company, primarily focused on building residential and commercial projects in and around Vadodara, Gujarat. The company provides a variety of luxurious and affordable residential buildings offering various types of accommodations. Each building is equipped with security systems, sports and recreational facilities, play areas, and electricity backups. These residential and commercial projects are offered under the brand name ‘VR’.
V R Infraspace has completed residential projects named VR Celebrity Luxuria and VR Imperia, as well as a commercial project named VR One Commercial Business Center. As of 31 August 2023, the company has a total of 9 employees at both the construction site and the registered office, which includes key management personnel.
The Objectives 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
V R Infraspace IPO Timetable
| IPO Opening date | 04 March 2024 |
| IPO Closing | 06 March 2024 |
| Basis of Allotment | 07 March 2024 |
| Initiation Refund | 11 March 2024 |
| Credit to Demat Account | 11 March 2024 |
| Listing Date | 12 March 2024 |
V R Infraspace IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.40 Cr – 2,400,000 shares |
| Fresh Issue | ₹20.40 Cr – 2,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹85 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 121,600 shares |
| Shareholding pre-issue | 6,480,000 |
| Shareholding post-issue | 8,880,000 |
| Listing Exchange | NSE SME |
V R Infraspace IPO Lot Size
| 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 Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
V R Infraspace Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 13.42 | 13.74 | 17.90 | 7.27 |
| Expenses | 12.69 | 13.10 | 15.75 | 6.27 |
| Net income | 0.71 | 0.75 | 2.62 | 0.86 |
V R Infraspace Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.11 | 1.23 | 4.05 |
| PE ratio | – | – | 20.99 |
| RONW (%) | 8.28 | 8.40 | 21.66 |
| NAV | 13.42 | 14.65 | 18.70 |
| ROCE (%) | 16.53 | 18.49 | 15.65 |
| EBITDA (%) | 23.07 | 15.33 | 16.19 |
| Debt/Equity | 1.93 | 1.09 | 0.80 |
Company Promoters
- Mr. Vipul Devchand Rupareliya
- Mrs. Sumitaben Vipulbhai Rupareliya
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
V R Infraspace IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91-79-48407357
Email: mb@beelinemb.com
Website: www.beelinemb.com
V R Infraspace Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: rudragas.ipo@linkintime.co.in
Website: www.linkintime.co.in
V R Infraspace Contact Details
V R INFRASPACE LIMITED
National Trade Center N. H. 8, Opp. L & T,
Bapod Na Vadodara-390019, Gujarat
Phone: +91- 9737118885
E-mail: info@vrinfraspace.com
Website: www.vrinfraspace.com
V R Infraspace IPO Allotment Status
V R Infraspace IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
V R Infraspace IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
