The V R Infraspace IPO date has been confirmed from March 4, 2024, and closes on March 6, 2024. Read the post to learn about V R Infraspace IPO GMP.
V R Infraspace Developers is offering its IPO at a fixed price, raising Rs 20.40 crores. Each share of V R Infraspace Developers’ IPO is priced at ₹85. You must possess at least 1600 shares for your application to be considered. Retail investors should invest at least ₹136,000. High Net Worth Individuals (HNIs) must invest in a minimum of two lots of 3,200 shares worth ₹272,000.
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Key Details Of V R Infraspace IPO:
Bidding Dates
March 4-6
Price Range
₹85 per share
Face Value
₹10 per share
GMP
₹6
V R Infraspace IPO GMP
The V R Infraspace IPO GMP Today is ₹6.
V R Infraspace IPO Overview
The offering for the V R Infraspace IPO is pegged at Rs 20.40 crore. There is a fresh issue of 2.4 million shares. V R Infraspace’s initial public offering will be scheduled for March 4–6, 2024. The V R Infraspace IPO share allocation will expire on Thursday, March 7, 2024. V R Infraspace’s initial public offering (IPO) is scheduled to start on Tuesday, March 12, 2024, on the NSE SME market.
Investors may buy V R Infraspace shares for ₹85 per share during the IPO. The V R Infraspace IPO GMP Today is ₹6. Retail investors must deposit a minimum of ₹136,000. HNIs must spend at least two lots of 3,200 shares for a total of ₹272,000. V R Infraspace’s IPO GMP today is ₹6. To be eligible, applicants must hold a minimum of 1600 shares.
V R Infraspace IPO Details
| IPO Date | March 4, 2024 to March 6, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to ₹20.40 Cr) |
| Fresh Issue | 2,400,000 shares (aggregating up to ₹20.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,480,000 |
| Share holding post issue | 8,880,000 |
| Market Maker portion | 121,600 shares |
V R Infraspace Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,117.91 | 4,328.38 | 4,920.59 | 5,479.20 |
| Revenue | 732.41 | 1,875.53 | 1,387.65 | 1,348.70 |
| Profit After Tax | 89.54 | 262.47 | 79.74 | 72.04 |
| Net Worth | 1,290.10 | 1,211.86 | 949.39 | 869.65 |
| Reserves and Surplus | 642.10 | 563.86 | 301.39 | 221.65 |
| Total Borrowing | 661.36 | 971.87 | 1,038.55 | 1,676.31 |
| Amount in ₹ Lakhs | ||||
V R Infraspace IPO Timeline
| IPO Open Date | Monday, March 4, 2024 |
| IPO Close Date | Wednesday, March 6, 2024 |
| Basis of Allotment | Thursday, March 7, 2024 |
| Initiation of Refunds | Monday, March 11, 2024 |
| Credit of Shares to Demat | Monday, March 11, 2024 |
| Listing Date | Tuesday, March 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2024 |
Company Profile
V R Infraspace Limited, a real estate development company established in December 2015, focuses on residential and commercial projects in Gujarat, Vadodara, and nearby regions. This organization offers a variety of feature-rich, well-designed, and affordable residential complexes. Every building is equipped with play spaces, sports facilities, leisure areas, security measures, and backup power sources. Under the “VR” brand, the firm provides both residential and commercial properties. Infraspace V R has finished two
residential projects, VR Celebrity Luxuria and VR Imperia, as well as one business project, VR One business Business Centre. The organization recorded a profit after tax of Rs. 732.41 lakhs on September 30, 2023, with 89.54 lakhs in overall revenue. The firm’s registered address is Vadodara, Gujarat, India. The business’s registered address is Vadodara, Gujarat, India. The firm employed nine staff members as of August 31, 2023, including senior management, at its registered office and construction site.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | V R Infraspace Limited |
| Phone number | +91- 9737118885 |
| Email ID | [email protected] |
| Website | vrinfraspace.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
V R Infraspace IPO FAQs
When V R Infraspace IPO will open?
The V R Infraspace IPO opens on March 4, 2024 and closes on March 6, 2024.
What is the lot size of V R Infraspace IPO?
V R Infraspace IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
When is V R Infraspace IPO allotment?
The finalization of Basis of Allotment for V R Infraspace IPO will be done on Thursday, March 7, 2024, and the allotted shares will be credited to your demat account by Monday, March 11, 2024.
When is V R Infraspace IPO listing date?
The V R Infraspace IPO listing date is not yet announced. The tentative date of V R Infraspace IPO listing is Tuesday, March 12, 2024.
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