VR Infraspace IPO
IPO Listing Details
- Listing Date
12 Mar 2024
- Listing Price
₹ 90.00
- Listing Change
5.88%
- Last Traded Price
₹ 322.00
IPO Details
- Open Date
04 Mar 2024
- Close Date
06 Mar 2024
- IPO Price Range
₹ 85
- IPO Size
₹ 20.40 Cr
- Listing Exchange
NSE SME
- Listing Date
12 Mar 2024
IPO Timeline
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 |
Last Updated: 15 March 2024 10:26 AM by 5Paisa
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.
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
| 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 |
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.
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FAQs
V R Infraspace IPO opens from 4th March to 6th March 2024.
The size of V R Infraspace IPO is ₹20.40 cr.
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.
The price band of V R Infraspace IPO is fixed at ₹85 per share.
The minimum lot size of V R Infraspace IPO is 1600 shares and the investment required is ₹1,36,000.
The share allotment date of V R Infraspace IPO is 7th March 2024.
The V R Infraspace IPO will be listed on 12th March 2024.
Beeline Capital Advisors Private is the book-running lead manager for 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.
