The SME IPO of V R Infraspace will open for subscription on Monday, March 4 and will close on Wednesday, March 6.
V R Infraspace IPO: V R Infraspace Limited is a real estate development company primarily focused on constructing and developing residential and commercial projects in and around Vadodara, Gujarat. It was incorporated in December 2015. As of September 30, 2023, the Company reported a Consolidated Total Income of Rs. 732.41 Lakhs and Profit after tax of Rs. 89.54 Lakhs.
V R Infraspace IPO Details
| IPO Date | March 4, 2024 to March 6, 2024 |
| Face Value | Rs 10 per share |
| Price | Rs 85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,400,000 shares (aggregating up to Rs 20.40 Cr) |
| Fresh Issue | 2,400,000 shares (aggregating up to Rs 20.40 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | NSE SME |
| Share holding Pre Issue | 6,480,000 |
| Share holding Post Isssue | 8,880,000 |
| Market Maker Portion | 121,600 shares Spread X Securities |
V R Infraspace IPO Price
The IPO price band is Rs 85 per share. V R Infraspace IPO is a fixed price issue of Rs 20.40 crores. The issue is entirely a fresh issue of 24 lakh shares.
V R Infraspace IPO Subscription Status
The VR Infraspace IPO open for subscription on Monday March 4, 2024 and will close on March 6, 2024.
V R Infraspace IPO GMP
V R Infraspace IPO last GMP is Rs 15, last updated Mar 3rd 2024. With the price band of 85.00, V R Infraspace SME IPO’s estimated listing price is Rs 100 (cap price + today’s GMP).The expected percentage gain/loss per share is 17.65%.
V R Infraspace IPO Size
The minimum lot size of the IPO is 1600 shares. The minimum investment amount for retail investors is Rs 136,000. Minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 272,000.
V R Infraspace IPO Allotment Status
The allotment for the V R Infraspace IPO is expected to be finalized on Thursday, March 7, 2024. The IPO will list on NSE SME with tentative listing date fixed as Tuesday, March 12, 2024.
V R Infraspace IPO Time Schedule
V R Infraspace IPO opens for subscription March 4, 2024, and closes on March 6, 2024.
- 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
V R Infraspace IPO Promoter Holding
- Share Holding Pre Issue: 100%
- Share Holding Post Issue: 72.97%
V R Infraspace IPO Review
Dilip Davda – The company is in reality segment and construction affordable housing projects in and around Vadodara. It is operating in a highly competitive and fragmented segment. On the financial performance front, it posted bumper profits for FY23 indicating some window dressing for inflated valuations. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet.
V R Infraspace IPO Buy or Not
- Brokers: Avoid 1
- Members: Avoid 1
• Disclaimer: The above article is meant for informational purposes only, any investment stock market & mutual fund please advice financial expert.
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