V R Infraspace Limited IPO

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 has security systems, sports and recreational facilities, play areas, and electricity backups. The company provides residential and commercial projects under the brand name “VR”

V R Infraspace has completed residential projects named VR Celebrity Luxuria and VR Imperia and a commercial project named VR One Commercial Business Center.

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.

The company’s registered office is situated at Vadodara, Gujarat, India

As of August 31st, 2023, the company has 9 employees at the construction site and registered office, including key management personnel.

 

V R Infraspace Limited Financial Information (Restated Consolidated)

V R Infraspace Limited’s revenue increased by 35.16% and profit after tax (PAT) rose by 229.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,117.914,328.384,920.595,479.20
Revenue732.411,875.531,387.651,348.70
Profit After Tax89.54262.4779.7472.04
Net Worth1,290.101,211.86949.39869.65
Reserves and Surplus642.10563.86301.39221.65
Total Borrowing661.36971.871,038.551,676.31
Amount in ₹ Lakhs

Objects of the Issue (V R Infraspace IPO Objectives)

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. Investment into our subsidiary namely M/s Narnarayan Enterprise
  2. To Meet Working Capital Requirement
  3. General Corporate Purpose
  4. To Meet the Issue Expenses

V R Infraspace IPO Timeline (Tentative Schedule)

V R Infraspace IPO opens on March 4, 2024, and closes on March 6, 2024.

IPO Open DateMonday, March 4, 2024
IPO Close DateWednesday, March 6, 2024
Basis of AllotmentThursday, March 7, 2024
Initiation of RefundsMonday, March 11, 2024
Credit of Shares to DematMonday, March 11, 2024
Listing DateTuesday, March 12, 2024
Cut-off time for UPI mandate confirmation5 PM on March 6, 2024

SHARIAH SCREENING for - V R Infraspace Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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