V R Infraspace Limited

04 Mar 2024 - 06 Mar 2024 Individual Category SME NSE

Min Investment

₹272000

Price Band

₹85

Issue Size

24 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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04 Mar 2024

Open Date

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06 Mar 2024

Close Date

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07 Mar 2024

Allotment Date

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12 Mar 2024

Listing Date

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.

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About V R Infraspace Limited

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.

Founded

2015

Managing Director

Vipul Devchand Rupareliya

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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