Srinibas Pradhan Constructions IPO...
28 Feb, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
V R Infraspace Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 1600 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,480,000 |
| Share holding post issue | 8,880,000 |
| Market Maker portion | 121,600 shares Spread X Securities |
V R Infraspace Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
V R Infraspace Limited 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.97% |
Competitive Strength:
- -
V R Infraspace Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
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Frequently Asked Questions (FAQs)
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What Is The Size Of The VR Infraspace IPO?
VR Infraspace Limited’s IPO consists of a fresh issue of 24,00,000 shares aggregating to INR 20.40 crores. The company plans to utilize net proceeds to meet its working capital requirement and invest in its subsidiary M/s. Daxon Realty.
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What is V R Infraspace Limited's IPO?
V R Infraspace Limited IPO is a fresh issue of up to 24,00,000 Equity Shares of ₹85 each. The IPO will open on March 4, 2024.
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When will V R Infraspace Limited's IPO be allotted?
The Basis of Allotment will happen on Thursday, March 7, 2024.
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When will V R Infraspace Limited's IPO open for subscription?
The IPO subscription window will open on Monday, March 4, 2024.
