V R Infraspace Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹85 - ₹85
- Lot size
- 1,600 shares
- Issue amount
- ₹20.4 cr
- Total subscription
- 87.93×
- Opens
- 4 Mar 2024
- Closes
- 6 Mar 2024
- Allotment
- 7 Mar 2024
- Listing
- 12 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 24,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹20.4 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹85,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 64,80,000
- Shares after issue
- 88,80,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,36,000 |
| HNI | 2 | 3,200 | ₹2,72,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 9.68 | 876.78 |
| NIB | 9.68 | 826.12 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 4.04 | 1.16 | 1.1 |
| ROE | 24.29 | 8.77 | 12.73 |
| ROCE | 15.65 | 18.49 | 16.53 |
| RONW | 21.71 | 7.98 | 8.18 |
| PRE IPO(PE) | 20.99 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
V R Infraspace Limited is a well-established construction and real estate development company specializing in residential and commercial projects in Vadodara, Gujarat. Recognized for its credibility in the local real estate market, the company serves both middle-income and high-income groups with a customer-centric approach. By prioritizing design and development tailored to diverse consumer needs, V R Infraspace ensures fast turnaround times, minimizing risks and maximizing returns. The company’s streamlined supply chain and construction processes enable the consistent delivery of high-quality projects efficiently and cost-effectively. Collaborating with leading architects and design teams, V R Infraspace leverages customer insights to create tailored solutions for specific locations and target audiences. Its construction management and procurement teams focus on optimizing procurement, vendor selection, and construction execution to enhance operational efficiency.
Strengths
- Strong Leadership: The experienced management team ensures informed decision-making and effective market navigation.
- Established Market Presence: A trusted brand reputation enhances credibility and stakeholder confidence.
- Efficient Operations: A systematic and transparent operational approach leads to streamlined project execution.
- Value Creation: The company's ability to develop transformative projects adds significant market value.
Risk factors
- Subsidiary-Related Risks: Heavy reliance on Daxon Realty for project development introduces execution and financial performance uncertainties.
- Investment Vulnerabilities: Allocation of proceeds to projects not wholly owned by the company increases exposure to potential setbacks.
- Geographical Concentration: Dependence on Vadodara limits diversification and makes the company susceptible to local economic and regulatory changes.
- Expansion Constraints: Difficulties in land acquisition could slow down future growth and project pipeline development.
- Customer Satisfaction Risks: Weak customer support could erode trust, impact sales, and damage the company's reputation in the competitive market.
Promoters
Mr. Vipul Devchand Rupareliya
Mrs. Sumitaben Vipulbhai Rupareliya
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
National Trade Center N. H. 8, Opp. L & T, Bapod Na Vadodara-390019
+91- 9737118885
[email protected]Company website ↗Understanding VR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.