V R Infraspace Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 4, 2024 to March 6, 2024 |
| Listing Date | March 12, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 85 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹ 20.40 Cr) |
| Fresh Issue | 24,00,000 shares (aggregating up to ₹ 20.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 64,80,000 |
| Share holding post issue | 88,80,000 |
| Market Maker portion | 1,21,600 shares Spread X Securities |
About V R Infraspace Limited IPO
V R Infraspace Ltd. has been a credible and recognized name of the real estate market Vadodara. They have been serving people of Vadodara with the best residential projects and commercial projects. With a decade of experience dealing with Commercial Property Vadodara and Flats In Vadodara, they have achieved the trust of the clients and strong knowledge for better project accomplishments in the future. Whether it is about a residential property or a commercial space their projects promise to fulfill the customer’s requirements with the best facilities. V R Infraspace IPO is a fixed price issue of Rs 20.40 crores.
The issue is entirely a fresh issue of 24 lakh shares. V R Infraspace IPO price is ₹85 per share. The minimum lot size for an application is 1600 Shares. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the V R Infraspace IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for V R Infraspace IPO is Spread X Securities.
Objectives of V R Infraspace IPO
The Net Proceeds from the Fresh Issue will be utilized towards the following objectives:
- 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.
V R Infraspace IPO Review
The company is in reality segmenting and constructing 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.
V R Infraspace Limited IPO Financial Information
Latest Revenue
732.41
₹ Crore
Profit After Tax
89.54
₹ Crore
Net Worth
1,290.10
₹ Crore
Total Borrowing
661.36
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 6,117.91 | 732.41 | 89.54 | 1,290.10 | 661.36 | ||||
| 31 Mar 2023 | 4,328.38 | 1,875.53 | 262.47 | 1,211.86 | 971.87 | ||||
| 31 Mar 2022 | 4,920.59 | 1,387.65 | 79.74 | 949.39 | 1,038.55 | ||||
| 31 Mar 2021 | 5,479.20 | 1,348.70 | 72.04 | 869.65 | 1,676.31 | ||||
| Amount in ₹ Crore | |||||||||
V R Infraspace Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.16% |
| ROCE | 6.12% |
| Debt/Equity | 0.51 |
| RoNW | 6.94% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.05 | 2.02 |
| P/E (x) | 20.99 | 42.15 |
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Competitive Strengths
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V R Infraspace Limited IPO Timeline
| IPO Open Date | Monday, March 4, 2024 |
| IPO Close Date | Wednesday, March 6, 2024 |
| Basis of Allotment | Thursday, March 7, 2024 |
| Initiation of Refunds | Monday, March 11, 2024 |
| Credit of Shares to Demat | Monday, March 11, 2024 |
| Listing Date | Tuesday, March 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |