IPO Details

Bidding Dates

04 Mar '24 - 06 Mar '24

Minimum Investment

₹1,36,000 / 1 Lot ( 1600 Shares )

Price Range

₹85

Maximum Investment

₹1,36,000 / 1 Lot ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹20.40 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)   |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 4, 2024

Closing Date

Mar 6, 2024

Basis of Allotment

Mar 7, 2024

Initiation of Refunds

Mar 11, 2024

Credit of Shares to Demat

Mar 11, 2024

Listing Date

Mar 12, 2024

UPI Mandate Expiry Date

Mar 6, 2024

V R Infraspace IPO Subscription Details

DateNIIRetailTotal

Day 1Mar 4, 2024

 1.10X 8.05X 4.58X

Day 2Mar 5, 2024

 4.49X 25.46X 14.98X

Day 3Mar 6, 2024

 85.21X 90.55X 93.41X

V R Infraspace IPO Subscription Status Live

Investor Category Subscription (Times)
Non-Institutional Buyers 85.21
Retail Investors 90.55
Total 93.41

About V R Infraspace Limited

V R Infraspace Limited is a construction and real estate development company that mainly focuses on the construction and development of residential and commercial projects in and around Vadodara, Gujarat.

The company has developed projects catering to the middle-income and high-income groups. Their residential apartment portfolio contains various accommodations of different sizes. They have concentrated on developing affordable and luxury housing in the residential segment. Their residential buildings are designed with various amenities such as security systems, recreational facilities, sports, play areas and electricity back-up. All the projects that are constructed and proposed to be constructed are on the company’s land.

The existing housing shortage in urban regions is approximately 10 million units, and an additional 25 million units of affordable housing will be necessary by 2030 to accommodate the expanding urban population. The real estate market is projected to surge to ₹65,000 crore (US$ 9.30 billion) by 2040, a substantial increase from ₹12,000 crore (US$ 1.72 billion) in 2019. The Indian real estate sector is anticipated to achieve a market size of US$ 1 trillion by 2030, rising from US$ 200 billion in 2021, and is expected to contribute 13% to the country's GDP by 2025. Notably, the retail, hospitality, and commercial real estate segments are experiencing significant growth, catering to India's evolving infrastructure requirements. V R Infraspace Limited will probably benefit from this.

V R Infraspace Limited IPO Details

V R Infraspace Limited IPO Dates

V R Infraspace Limited’s IPO will be opened on March 4, 2024 and closed on March 6, 2024. The IPO will be listed on NSE Emerge.

V R Infraspace Limited IPO Price Band

V R Infraspace Limited is a fresh issue of up to 24,00,000 Equity Shares of ₹85 each.

V R Infraspace Limited IPO Lot Size

V R Infraspace Limited’s IPO lot size is 1,600 shares.

V R Infraspace Limited IPO Objectives

The objectives of V R Infraspace Limited's IPO are listed below:

  • To invest in their subsidiary, M/s Daxon Realty (formerly known as Narnarayan Enterprise).
  • For general corporate purposes.
  • For working capital requirements.

Peer Details

As per DRHP, the listed peers whose business portfolio is comparable to the company are:

  • Samor Reality Limited
  • Laxmi Goldorna House Limited

How To Check the V R Infraspace Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the V R Infraspace Limited IPO.

Contact Details of V R Infraspace Limited IPO

  • Registered office: National Trade Center N. H. 8, Opp. L&T, Bapod Na Vadodara-390019, Gujarat, India.
  • Phone: +91- 9737118885
  • E-mail: info@vrinfraspace.com

IPO Financials

Particulars Period ending on September 30, 2023 (₹ lakh) Year ending on March 31, 2023 (₹ lakh) Year ending on March 31, 2022 (₹ lakh) Year ending on March 31, 2021 (₹ lakh)
Total Revenue 732.41 1,875.53 1,387.65 1,348.70
Profit 89.54 262.47 79.74 72.04
Net Worth 1290.10 1,211.86 949.39 869.65
Total Borrowings 661.36 971.87 1,038.55 1,676.31

Know before investing

Strengths

2

  1. The company focuses on the overall management of their projects, including land acquisition, project conceptualisation and marketing. They work with service providers, which enables them to access third-party design, project management and construction expertise.

  2. The company’s projects are currently located in the Vadodara region in Gujarat. Going forward, they plan to establish their presence in the other regions in Gujarat and intend to execute projects in other major cities.

Risks

2

  1. They generate their entire sales from operations in geographical regions of Vadodara, Gujarat and any adverse development affecting their operations in these regions could have an adverse impact on their revenue and the results of operations.

  2. If the company is not able to successfully acquire land for its projects, it may affect their business and growth prospects.

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V R Infraspace Limited IPO FAQs

What is V R Infraspace Limited's IPO?

V R Infraspace Limited IPO is a fresh issue of up to 24,00,000 Equity Shares of ₹85 each. The IPO will open on March 4, 2024.

When will V R Infraspace Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, March 7, 2024.

When will V R Infraspace Limited's IPO open for subscription?

The IPO subscription window will open on Monday, March 4, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.

When will V R Infraspace Limited list on exchanges?

V R Infraspace Ltd IPO will be listed on the NSE Emerge on Tuesday, March 12, 2024.

How do I check the allotment status of the V R Infraspace Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the V R Infraspace Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the V R Infraspace Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for V R Infraspace Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of V R Infraspace Limited using one PAN?

You can submit only one application using your PAN card.