IPO Details
Bidding Dates
04 Mar 24 - 06 Mar 24
Price Range ₹
85 - 0
Total Equity
₹ 20.40Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
04 Mar 2024
Offer end
06 Mar 2024
Allotment
07 Mar 2024
Refund initiation
11 Mar 2024
Demat transfer
11 Mar 2024
Listing
12 Mar 2024
Offer start
04 Mar 2024
Offer end
06 Mar 2024
Allotment
07 Mar 2024
Refund initiation
11 Mar 2024
Demat transfer
11 Mar 2024
Listing
12 Mar 2024
About Company
Incorporated in December 2015, 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. The company offers a range of luxurious, affordable residential buildings with various types of accommodations. Each building is equipped with security systems, sports and recreational facilities, play areas, and electricity backups. These residential and commercial projects are offered under the brand name "VR". Notable completed residential projects include VR Celebrity Luxuria and VR Imperia, along with the commercial project VR One Commercial Business Center.
Year Founded
16-12-2015
Promotor Details
Vipul Devchand Rupareliya
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 100 |
| Share Capital | 6480000 | 6480000 |
Offer to Public
24,00,000.00 Cr
Project Details
- Investment into our subsidiary and part financing the construction of VR Vivanta - 150cr
Objectives
- Investment into our subsidiary namely M/s Narnarayan Enterprise.To Meet Working Capital Requirement.General Corporate Purpose.To Meet the Issue Expenses.
Highlights
- V R Infraspace Limited offers a range of residential and commercial projects, providing diversification and reducing reliance on a single segment.
- The company's projects under the brand name "VR" may enjoy brand recognition and loyalty, potentially attracting more customers and investors
- : V R Infraspace's focus on providing security systems, sports and recreational facilities, play areas, and electricity backups enhances the value proposition of its properties, appealing to potential buyers.
- With completed projects such as VR Celebrity Luxuria and VR Imperia, as well as a commercial project named VR One Commercial Business Center, the company has demonstrated its ability to execute and deliver projects successfully, establishing credibility in the market.
- By primarily focusing on constructing and developing projects in and around Vadodara, Gujarat, V R Infraspace may benefit from local market knowledge, streamlined operations, and potential cost efficiencies.
Challenges
- The company's concentration on projects in Vadodara, Gujarat, exposes it to risks associated with regional economic fluctuations, regulatory changes, and market dynamics.
- The real estate development sector is highly competitive, with numerous players vying for market share. Intense competition may impact pricing power and profitability.
- Real estate development is sensitive to economic cycles, interest rates, and consumer sentiment. Economic downturns or fluctuations may adversely affect demand for residential and commercial properties, impacting the company's revenue and profitability.
- Despite past successes, the execution of future projects carries inherent risks such as delays, cost overruns, regulatory hurdles, and construction challenges, which could impact project timelines and financial performance.
- With a relatively small team of 9 employees, including key management personnel, V R Infraspace may face operational risks and continuity challenges in the event of key personnel departures or disruptions.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 4,900.16 | 648.00 | 237.94 | 239.31 | 2.6949 |
| 2023 | 2,852.58 | 648.00 | 48.77 | 65.96 | 1.0179 |
| 2021 | 5,471.46 | 648.00 | 48.77 | 65.96 | 1.0179 |
| 2024 | 8,982.69 | 888.00 | 63.09 | 67.01 | 1.0341 |
