V R Infraspace Limited IPO

Price
₹85
Lot
1600
Subs.
93.41
Expected Listing Earning

Exp. Premium(GMP):
30.00(35.29%)
IPO Details

Open Date: 04-Mar-2024
Close Date: 06-Mar-2024
Allotment Date: 07-Mar-2024
Listing Date: 12-Mar-2024
Listing Price: ₹91/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹85 Per Equity Share
Issue Size: Total Issue Size 2,400,000 shares (aggregating up to ₹20.40 Cr) : Fresh Issue 2,400,000 shares (aggregating up to ₹20.40 Cr)
Market Lot (Min Amount): Retail - ₹136,000 : HNI - ₹272,000
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved1,139,2001,139,2002,278,400
Day 1 - 04-03-24 
05:00 PM
1.10x8.05x4.58x
Day 2 - 05-03-24 
05:00 PM
4.49x25.46x14.98x
Day 3 - 06-03-24 
05:00 PM
85.21x90.55x93.41x
Total No. of Application:64,469 (Approx.)
Retail Subscription on the basis of Apps:90.55x
Valuations

Earning Per Share(EPS)4.05/-
P/E Ratio20.99
RoNW6.94%
Net Asset Value (NAV) - Post Issue:18.61/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20236,117.91732.4189.54
31 Mar,20234,328.381,875.53262.47
31 Mar,20224,920.591,387.6579.74
31 Mar,20215,479.201,348.7072.04
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.97%
Company Promoter(s)
1. Mr. Vipul Devchand Rupareliya
2. Mrs. Sumitaben Vipulbhai Rupareliya
Issue Objective(s)

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Investment into our subsidiary namely M/s Narnarayan Enterprise
  2. To Meet Working Capital Requirement
  3. General Corporate Purpose
  4. To Meet the Issue Expenses
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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