V R Infraspace Ltd
Price Range
₹85
Min. Quantity
1,600
Closes on
6 March 2024
Min. investment
₹1,36,000/1,600 Shares
V R Infraspace Ltd IPO Timeline
V R Infraspace Ltd was originally incorporated as 'V R Infraspace Private Limited' as a private company vide Certificate of Incorporation dated December 16, 2015, issued by the Registrar of Companies, Gujarat. As a result, the Company got converted from a private limited to public limited and the name of Company changed to V R Infraspace Limited. A fresh Certificate of Incorporation dated August 10, 2023 was issued by the Registrar of Companies, Ahmedabad. V R Infraspace are an integrated construction and real estate development company, focused mainly on construction and development of residential and commercial projects, in and around Vadodara, Gujarat.
| Event | Date |
|---|---|
| V R Infraspace Ltd IPO Opening Date | 4 March 2024 |
| V R Infraspace Ltd IPO Closing Date | 6 March 2024 |
| Basis of Allotment | 7 March 2024 |
| Initiation of Refunds | 11 March 2024 |
| Credit of Shares to Demat | 11 March 2024 |
| V R Infraspace Ltd IPO Listing Date | 12 March 2024 |
V R Infraspace Ltd IPO Details
| V R Infraspace Ltd IPO Date | 4 March 2024 to 6 March 2024 |
| V R Infraspace Ltd IPO Face Value | ₹10 per share |
| V R Infraspace Ltd IPO Price | ₹85 to ₹0 per share |
| V R Infraspace Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹20.4 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹20.4 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Vipul Devchand Rupareliya, Sumitaben Vipulbhai Rupareliya |
V R Infraspace Ltd IPO Lot Size
The V R Infraspace Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,36,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,36,000 |
| Maximum | 1 | 1,600 | ₹1,36,000 |
- Strengths
- Risks
- Opportunities
- Experienced Management Team.
- Established brand and reputation.
- Operation methodology.
- Scalable Business Model.
- Quality Assurance and Standards.
- Ability to create projects which redefine the surrounding geography and create value.
Company Financials
V R Infraspace Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 43.82 | 11.6 | 2.13 |
| 03-2023 | 28.46 | 18.35 | 2.44 |
| 03-2022 | 49.2 | 14.05 | 0.75 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment into its subsidiary and part financing the construction of VR Vivanta
- To meet working capital requirements
- General corporate expenses
V R Infraspace Ltd IPO Promoter Holding
| Pre Issue Share Holding | 70% |
| Post Issue Share Holding | 51.08% |
V R Infraspace Ltd IPO Subscription Status (Bidding Detail)
The V R Infraspace Ltd IPO is subscribed 86.274 times on 6 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 86.274 |
V R Infraspace Ltd IPO Prospectus
V R Infraspace Ltd IPO Listing Date
| Listing Date | 12 March 2024 |
| BSE Script | 92357 |
| NSE Symbol | VR |
| Listing In | NSE - SME |
| ISIN | INE0QQM01017 |
| IPO Price | ₹85 |
| Face Value | ₹10 |
Company Contact Information
National Trade Center N H 8Opp.L & T Bapod Na,Vadodara-390019
Phone: +91-97371 18885
Email: info@vrinfraspace.com
Website: www.vrinfraspace.in
V R Infraspace Ltd IPO Registrar
V R Infraspace Ltd IPO Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
FAQ
What is the issue size of V R Infraspace Ltd IPO?
I have pre-applied for V R Infraspace Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.