What you must know about V R Infraspace IPO?
by 5paisa Research Team
28 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 12-Mar-24
- IPO Price Range ₹ 85
- Listing Price ₹ 90
- Listing Change 5.9%
- Last Traded Price ₹ 139.85
- Current Change 64.5%
VR Infraspace IPO Details
- Open Date 04-Mar-24
- Close Date 06-Mar-24
- Lot Size 1600
- IPO Size ₹ 20.40 Cr
- IPO Price Range ₹ 85
- Min Investment ₹ 136,000
- Listing Exchange NSE SME
- Basis of Allotment 07-Mar-24
- Refunds 11-Mar-24
- Credit to Demat Account 11-Mar-24
- Listing Date 12-Mar-24
VR Infraspace IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Mar-24 | - | 1.10 | 7.98 | 4.55 |
| 05-Mar-24 | - | 4.48 | 25.25 | 14.87 |
| 06-Mar-24 | - | 85.21 | 90.55 | 93.41 |
VR Infraspace IPO Synopsis
V R Infraspace Limited IPO is all set to open from 4th March to 6th March 2024. The company operates in the real estate sector. The IPO includes a fresh issue of 2,400,000 shares worth ₹20.40 cr. The share allotment date is 7th March 2024, and the IPO will be listed on 12th March 2024 on the stock exchanges. The price band is ₹85 and the lot size is 1600 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of V R Infraspace IPO:
V R Infraspace Limited plans to utilize the raised capital from the IPO to:
● To fund the investment in subsidiary M/s Narnarayan Enterprise.
● For working capital requirements.
● General corporate purposes.
● To fund the public issue expenses.
About VR Infraspace
Established in 2015, V R Infraspace Limited operates in the construction and real estate sectors. It makes residential and commercial projects in Vadodara and its surrounding areas in Gujarat.
The company’s target audience is middle-income and high-income groups and offers luxury, yet affordable housing options including amenities like security systems, sports and recreational facilities, play areas and electricity backup.
Peer Comparison
● Samor Reality Limited
● Laxmi Goldorna House Limited
For More Information:
Webstory on V R Infraspace IPO
VR Infraspace Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 18.36 | 13.74 | 13.41 |
| EBITDA | 2.89 | 2.10 | 3.09 |
| PAT | 2.61 | 0.75 | 0.71 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 43.28 | 49.20 | 54.79 |
| Share Capital | 6.48 | 6.48 | 6.48 |
| Total Borrowings | 31.00 | 39.71 | 46.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -5.58 | 6.28 | 4.11 |
| Net cash from / (used in) investing activities | -0.083 | -0.17 | 2.48 |
| Net cash flow from / (used in) financing activities | 5.79 | -9.29 | -4.11 |
| Net increase (decrease) in cash and cash equivalents | 0.14 | -3.17 | 2.48 |
VR Infraspace IPO Key Points
-
Strengths
1. The company has established its brand and reputation.
2. It has a high operational efficiency and a scalable business model.
3. The company focuses on Quality Assurance and Standards.
4. The company has the ability to create projects which redefine the surrounding geography and create value.
5. The company’s management team is well-experienced.
-
Risks
1. The company’s business is concentrated in Vadodara, Gujarat.
2. The company faces risk with regard to the length of time needed to complete each project.
3. The business is subject to the RERA.
4. It has a substantial amount of outstanding indebtedness.
5. It faces competition from organized and unorganized players.
6. High working capital requirements.
VR Infraspace
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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VR Infraspace IPO FAQs
When does the V R Infraspace IPO issue open and close?
V R Infraspace IPO opens from 4th March to 6th March 2024.
What is the size of the V R Infraspace IPO?
The size of V R Infraspace IPO is ₹20.40 cr.
How to apply for the V R Infraspace IPO?
To apply for V R Infraspace IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the V R Infraspace IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of V R Infraspace IPO?
The price band of V R Infraspace IPO is fixed at ₹85 per share.
What is the minimum lot size and investment required for the V R Infraspace IPO?
The minimum lot size of V R Infraspace IPO is 1600 shares and the investment required is ₹1,36,000.
What is the allotment date of the V R Infraspace IPO?
The share allotment date of V R Infraspace IPO is 7th March 2024.
What is the V R Infraspace IPO listing date?
The V R Infraspace IPO will be listed on 12th March 2024.
Who are the book runners for the V R Infraspace IPO?
Beeline Capital Advisors Private is the book-running lead manager for V R Infraspace IPO.
What is the objective of the V R Infraspace IPO?
V R Infraspace plans to utilize the raised capital from the IPO to:
1. To fund the investment in subsidiary M/s Narnarayan Enterprise.
2. For working capital requirements.
3. General corporate purposes.
4. To fund the public issue expenses.
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