V R Infraspace was incorporated on December 16, 2015. It 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.
| Bidding Dates |
|---|
| 04 Mar 2024 - 06 Mar 2024 |
| Subscription |
|---|
| 86.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 1600 | 2.4 M | ₹85 | 72.97 % | ₹204.0 M | RHP DOC |
V R Infraspace IPO SUBSCRIPTION STATUS
06 Mar '24V R Infraspace IPO overall subscription rate was 86.27 times the total available shares
V R Infraspace IPO retail subscription rate was 91.22 times in the retail segment
V R Infraspace IPO non-institutional investor subscription rate was 81.33 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
06 Mar 2024 (Day 3) | 91.22x | 81.33x | - |
05 Mar 2024 (Day 2) | 23.48x | 4.33x | - |
04 Mar 2024 (Day 1) | 7.27x | 1.03x | - |
V R Infraspace FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 8.6 | 72.7 | 74.9 | 74.9 | 15.4% |
| FY23 | 25.0 | 179.0 | -59.5 | -59.5 | 16.2% |
| FY22 | 6.6 | 137.4 | 61.6 | 61.2 | 15.3% |
| FY21 | 6.7 | 134.2 | 23.9 | 23.7 | 23.1% |
V R Infraspace IPO SUBSCRIPTION STATUS DETAILS
V R Infraspace had 2.4 M shares on offer
V R Infraspace IPO offer price was ₹85
V R Infraspace IPO minimum Investment was ₹136000
V R Infraspace IPO issue size was ₹ 204.0 M
V R Infraspace had a minimum lot size of 1600 Shares per application
V R Infraspace NUMBER OF SHARES ON OFFER
V R Infraspace IPO IMPORTANT DATES
| Issue Open Date | 04 Mar 2024 |
| Issue close Date | 06 Mar 2024 |
| Allotment Date | 07 Mar 2024 |
| Refund Date | 11 Mar 2024 |
| Demat Account Credit Date | 11 Mar 2024 |
| Listing Date | 12 Mar 2024 |
| Listing on Exchange(s) | NSE |
| V R Infraspace Allotment Status | Exchange |
V R Infraspace IPO subscription opened on 04 Mar 2024, and closed on 06 Mar 2024
IPO allotment for V R Infraspace was finalized on Thursday, 07 Mar 2024
IPO listing for V R Infraspace was on NSE on Tuesday, 12 Mar 2024
V R Infraspace IPO LISTING GAINS
| Issue Price (adjusted) | 85.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 87.4 |
| Listing Gain% | 5.9% |
| Current Gain% | 70.2% |
V R Infraspace Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| V R Infraspace Ltd. | 144.6 | 128.4 | 21.8 | 0.1 | 1.7 | 14.7 | 5.3 | 76.5 | 131.9 | 5.9 | 193.3 | 6.6 | 193.3 |
| DLF Ltd. | 642 | 158915 | 35.7 | -41.3 | 23.5 | 9.7 | 5.9 | 9816 | 9.1 | 4414.7 | 1.1 | 18 | -0.9 |
| Lodha Developers Ltd. | 1218.7 | 121763.9 | 29.5 | 0.8 | 6.7 | 14.7 | 5.8 | 17119.5 | 20.8 | 3428.2 | 24 | 41.3 | 39.2 |
| Prestige Estates Projects Ltd. | 1584.8 | 68262.1 | 59.9 | 0.5 | 5.2 | 7.3 | 1.6 | 13195.5 | 70.6 | 1195.5 | 155.7 | 26.4 | 115.9 |
| Phoenix Mills Ltd. | 1895.5 | 67795.2 | 53 | 1.8 | 14.9 | 11.1 | 5.4 | 4593.6 | 15.9 | 1223.8 | 24.3 | 35.8 | 29 |
| Oberoi Realty Ltd. | 1775 | 64539.4 | 24.5 | 0.9 | 10.2 | 14 | 9.9 | 6304.3 | 15.2 | 2507.4 | 12.7 | 72.3 | 27.5 |
V R Infraspace INFORMATION ON IPO ISSUE
About V R Infraspace
V R Infraspace was incorporated on December 16, 2015. It 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.
Object of the Issue
- Investment into its subsidiary M/s Narnarayan Enterprise
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
V R Infraspace - PROMOTERS
| Name |
|---|
| Vipul Devchand Rupareliya |
| Sumitaben Vipulbhai Rupareliya |
V R Infraspace Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
V R Infraspace Registrar to the Issue
Link Intime India Private Limited
vrinfraspace.ipo@linkintime.co.in
V R Infraspace Strengths
Established brand
The group brand 'V R Group' is a recognizable brand in the Vadodara region and serves as a differentiating factor for customers, which helps establish customer confidence
Scalable business model
The company's business model is customer-centric, requiring optimum utilization of existing resources, assuring quality supply, and achieving consequent economies of scale
Quality assurance
The quality standards followed by the company from the beginning are stringent and adhered to during the process of construction of projects
V R Infraspace Risks
Geographically concentrated
The company generates all its sales from operations in the geographical regions of Vadodara, Gujarat, and any adverse development affecting operations could have a negative impact on revenue
Outstanding legal proceedings
There are outstanding legal proceedings involving the company and its directors/promoters. Any adverse decision in these proceedings could have a material adverse effect on the business
IPO FAQs
The promoters of the company are Vipul Devchand Rupareliya and Sumitaben Vipulbhai Rupareliya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 85.0 - 85.0.
The IPO application opens on Mar 04, 2024 and closes on Mar 06, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Mar 07, 2024.
The refund will be credited to your account on Mar 11, 2024.
The allotted shares will be credited to your demat on Mar 11, 2024.
V R Infraspace Ltd.’s shares listed on the stock exchanges on Mar 12, 2024.