V R Infraspace Limited is a construction and real estate development company, focused primarily on the construction and development of residential and commercial projects, in and around Vadodara, Gujarat. They believe that they have been serving the people of Vadodara with their best residential projects and commercial projects. The company has been a credible and recognized name in the real estate market in Vadodara.
They have developed projects catering to the middle-income and high-income groups. Their residential apartment portfolio consists of various types of accommodation of varying sizes. They have concentrated on developing luxury, yet affordable, housing in the residential segment. Their residential buildings are designed with a variety of amenities such as security systems, sports and recreational facilities, play areas, and electricity backup. As of the date of this Prospectus, all of their Projects are constructed and proposed to constructed are on own land of the Company.
Their customer-centric business model focuses on designing and developing their products to address consumer needs across price points. They have the capabilities to deliver a project from conceptualization to completion with a fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving their return on investment. They streamline our supply chain and construction processes to develop high-quality products consistently and in a timely and cost-efficient manner. They partner with top architects and design teams that use customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups.
Their construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection, and construction. They currently offer their residential and commercial projects under the name “VR”. Their sales team is supported by a well-skilled execution team that delivers precisely designed products and amenities to its customers. They believe one of the reasons for their success in recent years has been our ability to convert the surroundings of a location into attractive destinations for people across income groups. They believe that their understanding of the real estate market in Vadodara, positive perception by their customers, innovative design, and marketing and branding techniques enable us to attract customers.
Objects of the Issue:
- 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 Review
- Avoid / Risky
V R Infraspace IPO Date & Price Band Details
| IPO Open: | March 4, 2024 |
| IPO Close: | March 6, 2024 |
| IPO Size: | Approx ₹20.40 Crores, 2,400,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
V R Infraspace IPO Market Lot
The V R Infraspace IPO minimum market lot is 1600 shares with a ₹136,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 1 | 1600 | ₹136,000 |
| S-HNI Minimum | 2 | 3200 | ₹272,000 |
V R Infraspace IPO Dates
The V R Infraspace IPO date is March 4 and the IPO close date is March 6. The IPO allotment date is March 7 and the IPO might list on March 12.
| IPO Open Date: | March 4, 2024 |
| IPO Close Date: | March 6, 2024 |
| Basis of Allotment: | March 7, 2024 |
| Refunds: | March 11, 2024 |
| Credit to Demat Account: | March 11, 2024 |
| IPO Listing Date: | March 12, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
V R Infraspace IPO Form
How to apply V R Infraspace IPO? You can apply V R Infraspace IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the V R Infraspace IPO in the Invest section. The other option you can apply V R Infraspace IPO via IPO forms download via the NSE website. Check out the V R Infraspace forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
V R Infraspace Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹13.53 | ₹12.69 | ₹0.71 |
| 2022 | ₹14.05 | ₹13.10 | ₹0.75 |
| 2023 | ₹18.47 | ₹15.75 | ₹2.62 |
| 2023 6M | ₹7.43 | ₹6.27 | ₹0.86 |
V R Infraspace IPO Valuation – FY2023
Check V R Infraspace IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.04 per Equity Share |
| Price/Earning P/E Ratio: | 21.04 |
| Return on Net Worth (RoNW): | 21.71% |
| Net Asset Value (NAV): | ₹18.61 per Equity Share |
Peer Group
- Samor Reality
- Laxmi Goldorna House Limited
Company Promoters
- Mr. Vipul Devchand Rupareliya
- Mrs. Sumitaben Vipulbhai Rupareliya
V R Infraspace IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
V R Infraspace IPO Allotment Status
Check V R Infraspace IPO allotment status on Link Intime website URL. Click Here
V R Infraspace IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
V R Infraspace Limited
National Trade Center N. H. 8
Opp. L & T,
Bapod Na Vadodara-390019
Phone: +91- 9737118885
Email: [email protected]
Website: https://vrinfraspace.in/
