V R Infraspace is scheduled to hit the market on March 4, 2024 and close on March 6, 2024. V R Infraspace plans to raise around ₹20.40 Cr through an IPO with a sale of up to 2,400,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Established in December 2015, V R Infraspace Limited is a real estate development company based in Vadodara, Gujarat. Specializing in constructing residential and commercial projects, the company offers a variety of luxurious and affordable accommodations with amenities like security systems, sports facilities, play areas, and power backups under the brand name “VR”.
Their completed projects include VR Celebrity Luxuria, VR Imperia, and VR One Commercial Business Center. As of September 30, 2023, the company reported a Total Income of Rs. 732.41 Lakhs and a Profit after tax of Rs. 89.54 Lakhs. The company is headquartered in Vadodara, Gujarat, India, and as of August 31, 2023, has a total of 9 employees, including key management personnel.
V R Infraspace IPO Details
V R Infraspace IPO opens on March 04, 2024, and closes on March 06, 2024. The Listing date for V R Infraspace IPO is on March 12, 2024. The price band for IPO is ₹85 per share and lot size of 1600 Shares.
| IPO Date | Mar 04, 2024 to Mar 06, 2024 |
| Listing Date | Mar 12 , 2024 |
| Price | ₹85 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹20.40 Cr |
| Face Value | ₹10 per share |
V R Infraspace IPO Tentative Timetable
V R Infraspace opening date is March 04 , 2024 and close date is March 06, 2024. The IPO allotment date is March 07 , 2024. The refund initiation of IPO is on March 11 , 2024. The credit of shares in demat account is on March 11, 2024. The listing date is on March 12 , 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 04, 2024 |
| IPO Closing | Mar 06, 2024 |
| IPO Allotment Date | Mar 07, 2024 |
| Refund Initiation | Mar 11, 2024 |
| Shares Credit to Demat | Mar 11, 2024 |
| Lisiting Date | Mar 12, 2024 |
V R Infraspace IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lot (1600 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹14,400 |
| Retail(Maximum) | 1 | 1600 | ₹187,200 |
| HNI (Minimum) | 2 | 3200 | ₹272,000 |
V R Infraspace IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.97% |
V R Infraspace IPO Review
VRIL, a real estate developer based in Vadodara, Gujarat, is gearing up to launch its first IPO, offering 24,00,000 equity shares at Rs. 85 per share. Specializing in residential and commercial projects catering to varying income groups, VRIL has positioned itself as a prominent player in the local market. However, concerns have been raised regarding the company's financial performance, with a notable spike in profits during FY23 that some view as potentially inflated to drive IPO pricing.
Investors eyeing the VRIL IPO should tread carefully due to several red flags. With a post-IPO market cap of Rs. 75.48 cr. and a P/E ratio of 42.08 based on annualized FY24 earnings, the valuation appears to be on the higher side. Furthermore, the lack of dividend payouts over the past five fiscal years may deter income-seeking investors looking for consistent returns. The competitive landscape of the real estate sector adds another layer of complexity to the investment decision.
In conclusion, while VRIL's focus on delivering luxury yet affordable housing projects is appealing, the IPO's pricing and financial intricacies suggest a high-risk, low-return proposition. Prospective investors are advised to conduct thorough research and analysis before considering an investment in VRIL. The sudden surge in profits, coupled with the lack of dividend history and competitive market conditions, warrant a cautious approach towards this IPO.
V R Infraspace IPO Subscription Status (Bidding Details)
Table not foundV R Infraspace IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
V R Infraspace IPO FAQs
What is V R Infraspace IPO?
V R Infraspace is issuing 2,400,000 equity shares with a face value of ₹10 each, totaling up to ₹20.40 Cr. The shares are being offered at a price of ₹85 each, with a minimum order quantity of 1600 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When V R Infraspace IPO will open?
V R Infraspace will open on March 04 , 2024 for QIB, NII, and Retail Investors.
When V R Infraspace IPO will end?
V R Infraspace will end on March 06 , 2024.
What is V R Infraspace IPO Size?
V R Infraspace IPO size is ₹20.40 Cr.
What is V R Infraspace IPO Price Band?
V R Infraspace price band is ₹85 per share.
What is the V R Infraspace IPO Allotment Date?
V R Infraspace allotment date is March 07 , 2024.
What is the V R Infraspace IPO Listing Date?
V R Infraspace listing date is March 12 , 2024. The IPO is to be listed on BSE and NSE.
How to V R Infraspace IPO through Zerodha?
To apply for the IPO “V R Infraspace” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply V R Infraspace IPO through Upstox?
To apply for the IPO “V R Infraspace” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check V R Infraspace IPO Allotment Status?
For V R Infraspace IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is V R Infraspace IPO GMP?
You can check out here: V R Infraspace IPO GMP