01-Mar-2024
2 mins read
V R Infraspace Limited is coming up with the SME IPO. This initial public offer is open for subscription from Monday, March 4, 2024, and will close on Wednesday, March 6, 2024. The price is decided at Rs 85 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,36,000 (85 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (85 x 3200 shares).
V R Infraspace Limited IPO is a fixed-price issue of Rs 20.40 crores. The IPO issue is completely a fresh issue of 24 lakh equity shares. The allotment for this IPO is expected to be finalized on Thursday, March 7, 2024. V R Infraspace Limited’s IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, March 12, 2024. The book-running lead manager of V R Infraspace Limited IPO is Beeline Capital Advisors Private Limited. The registrar for this IPO is Link Intime India Private Limited. The market maker for this IPO is Spread X Securities.
About V R Infraspace Company Profile
V R Infraspace incorporated in December 2015, is an real estate development company focused in developing commercial and residential projects in Vadodara, Gujrarat. The company has a wide range of luxurious, affordable residential buildings with various types of accommodations. All the buildings have security systems, sports and recreational facilities, electric backups and a playground. Company has completed a commercial project named VR one commercial business center. Also, the company has completed a residential project named VR Celebrity Luxuria and VR Imperia. The company has a registered office situated in Vadodara, Gujarat, India. As of September, 2023, the company reported a consolidated total income of Rs 732.41 lakhs and net profit of Rs 89.54 Lakhs.
Primary Motive of V R Infraspace Limited IPO
The primary objective of this V R Infraspace IPO is to invest in the subsidiary, namely M/s Narayan Enterprise. Moreover, the net proceeds from this Initial public offer will be used to meet the working capital requirements. Other than this, general corporate purposes and issue expenses will also be covered.
Financials of V R Infraspace Limited (Amt in Rs Lakhs)
The company reported a revenue of Rs 732.41 lakhs and net profit of Rs 89.54 lakhs for the period ending on September 30, 2023. The revenue increased by 35.16% and profit after tax increased by 229.16% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 642.1 | 563.86 | 301.39 | 221.65 |
| Total Borrowing | 661.36 | 971.87 | 1,038.55 | 1,676.31 |
Other Important Details of V R Infraspace Limited IPO
| IPO Date | March 4, 2024 to March 6, 2024 |
| Listing Date | 12-Mar-24 |
| Face Value | Rs 10 per share |
| Price | Rs 85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,400,000 shares |
| amounting to Rs 20.40 crores | |
| Fresh Issue | 2,400,000 shares |
| amounting to Rs 20.40 crores | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 6,480,000 |
| Shareholding post issue | 8,880,000 |
| Market Maker portion | 121,600 shares |
Time-Table of V R Infraspace Limited IPO
| 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 |
Lot Size of V R Infraspace Limited IPO
| Application | Lots | Shares | Amount |
| Retail – minimum | 1 | 1600 | Rs 136,000 |
| Retail – maximum | 1 | 1600 | Rs 136,000 |
| HNI – minimum | 2 | 3,200 | Rs 272,000 |
IPO Reservation of V R Infraspace Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Promoters of V R Infraspace Limited and Their Holdings
The promoters of V R Infraspace company are Vipul Devchand Rupareliya and Sumitaben Vipulbhai Rupareliya.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 72.97 percent |
Key Performance Indicator of V R Infraspace Limited IPO
| KPI | Values |
| ROE | 7.16% |
| ROCE | 6.12% |
| Debt/Equity | 0.51 |
| RoNW | 6.94% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.33 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.05 | 2.02 |
| P/E (x) | 20.99 | 42.15 |
Lead Manager(s) of V R Infraspace Limited IPO
The lead manager for V R Infraspace Limited IPO is Beeline Capital Advisors Private Limited.
How do you apply for the V R Infraspace Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the V R Infraspace Limited IPO with Bigul.
How do you check the allotment status of V R Infraspace Limited IPO?
The registrar for V R Infraspace Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is V R Infraspace Limited IPO 2024?
V R Infraspace Limited IPO is a fixed-price issue of Rs 20.40 crores. The IPO issue is completely a fresh issue of 24 lakh equity shares. The allotment for this IPO is expected to be finalized on Thursday, March 7, 2024. The price is decided at Rs 85 per share. The minimum lot size of this application for the retail category is 1600 shares.
- Who are the lead managers for the V R Infraspace Limited IPO?
Beeline Capital Advisors Private Limited are appointed as the lead manager for the IPO.
- What is the role of Link Intime India Private in this IPO?
Link Intime India Private Limited is the registrar for V R Infraspace Limited, handling the IPO’s administrative aspects.
- How can I apply for the V R Infraspace Limited IPO?
The public subscription of this IPO will open on March 4, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The primary objective of this V R Infraspace IPO is to do investment into the subsidiary namely M/s Narayan Enterprise. Moreover, the net proceeds from this Initial public offer will be used to meet the working capital requirements.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the V R Infraspace Limited IPO 2024 by visiting here.
- What is the financial performance of V R Infraspace Limited?
The company reported a revenue of Rs 732.41 lakhs and net profit of Rs 89.54 lakhs for the period ending on September 30, 2023. The revenue increased by 35.16% and profit after tax increased by 229.16% between the FY ending with March 31, 2023 and March 31, 2022.