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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 bidding started from March 4, 2024 and ended on March 6, 2024. The allotment for V R Infraspace IPO was finalized on Thursday, March 7, 2024. The shares got listed on NSE SME on March 12, 2024.
V R Infraspace IPO price is ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
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.
Refer to V R Infraspace IPO RHP for detailed information.
| 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 IPO offers 2,400,000 shares. 1,139,200 (47.47%) to NII, 1,139,200 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 121,600 (5.07%) |
| Other Shares Offered | 1,139,200 (47.47%) |
| Retail Shares Offered | 1,139,200 (47.47%) |
| Total Shares Offered | 2,400,000 (100%) |
V R Infraspace IPO opens on March 4, 2024, and closes on March 6, 2024.
| 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 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Vipul Devchand Rupareliya and Mrs. Sumitaben Vipulbhai Rupareliya.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.97% |
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.
V R Infraspace Limited's revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,117.91 | 4,328.38 | 4,920.59 | 5,479.20 |
| Revenue | 732.41 | 1,875.53 | 1,387.65 | 1,348.70 |
| Profit After Tax | 89.54 | 262.47 | 79.74 | 72.04 |
| Net Worth | 1,290.10 | 1,211.86 | 949.39 | 869.65 |
| Reserves and Surplus | 642.10 | 563.86 | 301.39 | 221.65 |
| Total Borrowing | 661.36 | 971.87 | 1,038.55 | 1,676.31 |
| Amount in ₹ Lakhs | ||||
The market capitalization of V R Infraspace IPO is Rs 75.48 Cr.
KPI as of September 30, 2023.
| 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 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is in reality segment and construction 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. Read detail review...
The V R Infraspace IPO is subscribed 93.41 times on March 6, 2024 6:22:00 PM. The public issue subscribed 90.55 times in the retail category, times in the QIB category, and 85.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 85.21 |
| Retail | 90.55 |
| Total | 93.41 |
Total Application : 64,469 (90.55 times)
| Listing Date | March 12, 2024 |
| BSE Script Code | |
| NSE Symbol | VR |
| ISIN | INE0QQM01017 |
| Final Issue Price | ₹85 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹85.00 |
| ₹90.00 |
| ₹85.50 |
| ₹91.00 |
| ₹87.40 |
V R Infraspace Limited
National Trade Center N. H. 8
Opp. L & T,
Bapod Na Vadodara-390019
Phone: +91- 9737118885
Email: info@vrinfraspace.com
Website: https://vrinfraspace.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vrinfraspace.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
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Check our SME IPO Guide 
V R Infraspace IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹20.40 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 4, 2024, and closes on March 6, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in V R Infraspace IPO using UPI as a payment gateway. Zerodha customers can apply in V R Infraspace IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in V R Infraspace IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The V R Infraspace IPO opens on March 4, 2024 and closes on March 6, 2024.
V R Infraspace IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in V R Infraspace IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for V R Infraspace IPO will be done on Thursday, March 7, 2024, and the allotted shares will be credited to your demat account by Monday, March 11, 2024. Check the V R Infraspace IPO allotment status.
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