March 12, 2024
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V R Infraspace IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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V R Infraspace IPO Post Listing Review :
On 12th March, the scrip is listed at Rs. 90, at small premium of 5.88% over the issue-price of Rs. 85. The listing has been as expected by the grey market players.
Check Subscription status of V R Infraspace IPO
On 6 March 2024 5.00 pm (Day 3) (Closed)
Review:
NII: 1139200 Shares 85.21 T
RII: 1139200 Shares 90.55 T
Total: 2278400 Shares 93.41 T
What is the business of V R Infraspace?
V R Infraspace Limited is a construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Vadodara, Gujarat. It has been serving people of Vadodara with its best residential projects and commercial projects. The company has been a credible and recognized name of the real estate market in Vadodara.
It has developed projects catering to the middle income and high-income group. Our residential apartment portfolio consists of various types of accommodation of varying sizes. It has concentrated on developing luxury, yet affordable, housing in the residential segment. Its residential buildings are designed with a variety of amenities such as security systems, sports and recreational facilities, play areas and electricity back-up.
Get more information about the company @ https://vrinfraspace.in/
| V R Infraspace IPO Details | |
| IPO opens on | 4 March 2024 |
| IPO closes on | 6 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2400000 Sh /Rs 20.40 Cr |
| * Fresh Issue | 2400000 Sh /Rs 20.40 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 121600 Sh. |
| Net offer to Public | 2278400 Sh./Rs.19.37 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 85 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in V R Infraspace IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1139200 | 9.69 |
| RII (50%) | 1139200 | 9.68 |
| Total Shares | 2278400 | 19.37 |
| Retail portion will be oversubscribed by | 499 | |
| Forms | ||
| How much Shares to Apply in V R Infraspace IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 136000 |
| Min HNI Application | 3200 Sh | Rs.272000 |
Who are the Promoters of V R Infraspace IPO?
The promoters of the company are Mr. Vipul Devchand Rupareliya and Mrs. Sumitaben Vipulbhai Rupareliya.
What are the Objects of V R Infraspace IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
Investment into our subsidiary namely M/s Narnarayan Enterprise
To Meet Working Capital Requirement
General Corporate Purpose
To Meet the Issue Expenses
| V R Infraspace IPO Tentative timetable | |
| IPO opens on | 4 March 2024 |
| IPO Closes on | 6 March 2024 |
| IPO Allotment on | 7 March 2024 |
| Refund Initiation | 11 March 2024 |
| Credit of Shares | 11 March 2024 |
| Listing on | 12 March 2024 |
| Registered Office of the Company V R Infraspace Limited National Trade Center N. H. 8 Opp. L & T, Bapod Na Vadodara-390019 |
| Who is the Lead Manager of V R Infraspace IPO? Beeline Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Link Intime India Private Ltd |
| V R Infraspace IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 13.49 | 0.72 | 1.11 | 8.28 |
| 2021-22 | 13.88 | 0.80 | 1.23 | 8.40 |
| 2022-23 | 18.76 | 2.62 | 4.05 | 21.66 |
| Book Value of the Share on | 31.03.2023 | Rs 18.70 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 85 | |||
| V R Infraspace IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 20.99 |
| Price/BV Ratio | 4.55 |
| Upper price/BV after IPO | |
How V R Infraspace IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| V R Infraspace | 10 | 17.90 21.04 | |
| Samor Realty | 10 | 13.75 | 135.23 |
| Laxmi Goldorna | 10 | 60.82 | 343.68 |
| – | – | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
V R Infraspace IPO To the point Guidance
V R Infraspace Limited is a construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Vadodara, Gujarat.
Size: The net size of the IPO is Rs. 19.37 Cr comprising of 2278400 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 499 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 2.91 Cr, so huge oversubscription possible.
Financial Snapshot: The company has reasonably good topline and bottomline but it has shown sharp rise in the topline and bottomline of 20222-23, a year prior to the IPO. (eg. Rs. 2.62 Cr in 20222-23 from Rs. 72 lacs in year 2020-21) If the company can maintain such profitability in future, then IPO can be termed “reasonably priced” You may look at the premium market and take final decision.
Quicklinks
V R Infraspace IPO GMP Detail IPO GMP today details?
V R Infraspace IPO
V R Infraspace IPO FAQs
What is V R Infraspace IPO?
V R Infraspace IPO is a SME IPO of 2278400 equity shares of the face value of Rs. 10 aggregating up to Rs.19.36 Crores. The issue is priced at Rs.85 per share. The minimum order quantity is 1600 Shares.
When will V R Infraspace IPO open?
V R Infraspace IPO opens on March 04, 2024, and closes on March 6, 2024.
What is the lot size of V R Infraspace IPO?
V R Infraspace IPO lot size is 1600 Shares, and the minimum amount required is Rs.136000.
How to apply for V R Infraspace IPO?
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.
When is V R Infraspace IPO allotment?
The finalization of Basis of Allotment for V R Infraspace IPO will be done on March 7, 2024, and the allotted shares will be credited to your demat account by March 11, 2024.
When is V R Infraspace IPO listing date?
V R Infraspace IPO listing date is not yet announced. The tentative date of V R Infraspace IPO listing is March 11, 2024.
