V R Infraspace Limited

Company Profile
Company Name V R Infraspace Limited
Open Date 04-03-2024
Close Date 06-03-2024
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹ 85 per share
Issue Size 24,00,000
Application Amount ₹ 1,36,000
Recommendation Avoid
V R Infraspace Limited was originally incorporated in the year 2015 and has its registered office in Vadodara, Gujarat, India. V R Infraspace is an integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Vadodara, Gujarat. The company developed projects catering to the middle income and high-income group. Company’s residential apartment portfolio consists of various types of accommodation of varying sizes. Company has concentrated on developing luxury, yet affordable, housing in the residential segment. As of August 31st, 2023, the Company had 9 employees on its payroll.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 5,479.20 4,920.59 4,328.38 6,117.91
Net Assets 869.65 949.39 1,211.86 1,290.10
Total Borrowing 1,676.31 1,038.55 971.87 661.36
Total Revenue 1,348.70 1,387.65 1,875.53 732.41
Profit After Tax 72.04 79.74 262.47 89.54

Tentative Timeline

Opening Date 04-03-2024
Closing Date 06-03-2024
Basis of Allotment 07-03-2024
Initiation of Refunds 11-03-2024
Credit of Shares to Demat 11-03-2024
Listing Date 12-03-2024

Objects of the Issue

Investment in subsidiary namely M/s Daxon Realty (Formerly known as Narnarayan Enterprise).
To Meet Working Capital Requirement.
General corporate purposes.

Contact Information

Registered Office V R Infraspace Limited - National Trade Center N. H. 8 Opp. L & T, Bapod Na Vadodara-390019
Phone +91- 9737118885
Email info@vrinfraspace.com
Website https://vrinfraspace.in/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email vrinfraspace.ipo@linkintime.co.in
Website https://linkintime.co.in/initial_offer/public-issues.html

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 72.97%

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