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VR INFRASPACE (NSE SME)
Mar 4, 2024 - Mar 6, 2024
| Price | ₹85 - ₹85 |
| Premium | ₹6 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 7, 2024 |
| Listing | Mar 12, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 136000 | 712 |
| HNI | 2 | 3200 | 272000 | 712 |
Last updated on 06-Mar-2024 17:02:05
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1139200 | 97190400 | 85.31 |
| RETAIL | 1139200 | 103150400 | 90.55 |
| Total | 2278400 | 200340800 | 87.93 |
| Retail Apps | 64469 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.73 | @8% ₹11.13 | @9% ₹12.52 | @10% ₹13.91 | @11% ₹15.3 | @12% ₹16.69 |
V R Infraspace IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1139200 |
| NII (HNI) | 47.4% | 1139200 |
| QIB + Anchor | 0% | 0 |
| Market Maker | 121600 | |
| Total No. of Shares | 2400000 |
V R Infraspace Limited stands out as a reputable construction and real estate development company with a strong focus on residential and commercial projects in Vadodara, Gujarat. The company has established itself as a credible and recognized name in the local real estate market, catering to both middle-income and high-income groups.V R Infraspace Limited has a customer-centric business model, prioritizing the design and development of products to meet diverse consumer needs across different price points. With a robust capability to deliver projects from conceptualization to completion, the company ensures fast turnaround times, thereby de-risking investments and maximizing returns. This approach is supported by streamlined supply chain and construction processes, aimed at consistently delivering high-quality products in a timely and cost-efficient manner. Partnering with top architects and design teams, V R Infraspace Limited leverages customer insights to conceptualize and design products tailored to the specific location and target audience. The company's construction management and procurement teams focus on achieving efficiencies in procurement, vendor selection, and construction execution.
| 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 Spread X Securities |
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
|---|---|---|---|
| ROE | 24.29% | 8.77% | 12.73% |
| ROCE | 15.65% | 18.49% | 16.53% |
| RONW | 21.71% | 7.98% | 8.18% |
| D/E | 0.8 | 1.09 | 1.93 |
| EPS | 4.04 | 1.16 | 1.1 |
| P/E | 20.99 |
Company Financials
| Period | 2023 | 2022 | 2021 |
|---|---|---|---|
| Assets | 4,328.38 | 4,920.59 | 5,479.20 |
| Revenue | 1,875.53 | 1,387.65 | 1,348.70 |
| Profit | 262.47 | 79.74 | 72.04 |
| Net Worth | 1,211.86 | 949.39 | 869.65 |
| Reserves | 563.86 | 301.39 | 221.65 |
| Borrowing | 971.87 | 1038.55 | 1676.31 |
| Amount in lakhs. |
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.
Strength Factors
Experienced Management Team: The company benefits from an experienced management team that possesses a deep understanding of the real estate industry. Their collective expertise and strategic vision enable V R Infraspace Limited to navigate market dynamics effectively and make informed decisions, fostering sustainable growth and development.
Established Brand and Reputation: V R Infraspace Limited has built a strong brand and reputation in the market, reflecting its commitment to quality, reliability, and customer satisfaction. The company's track record of delivering successful projects and fulfilling customer expectations has earned it trust and credibility among stakeholders, including investors, customers, and partners.
Operational Methodology: V R Infraspace Limited follows a systematic operational methodology that emphasizes efficiency, transparency, and accountability. By implementing streamlined processes and rigorous project management practices, the company ensures smooth project execution, timely delivery, and cost-effective operations, enhancing overall performance and competitiveness.
Ability to Create Value through Projects: One of V R Infraspace Limited's key strengths lies in its ability to conceptualize and develop projects that redefine the surrounding geography and create significant value. Through innovative design, strategic location selection, and thoughtful planning, the company transforms landscapes, revitalizes neighborhoods, and enhances the overall appeal and value proposition of its developments.
Risk Factors
Dependency on Subsidiary's Project Development: Investment in M/s Daxon Realty for its upcoming project entails risks associated with the subsidiary's ability to successfully execute the project. Any obstacles or delays in project development could impact the subsidiary's business model and, consequently, affect the financials of the parent company.
Investment Allocation Risk: The allocation of issue proceeds for funding projects, such as 'V R Vivanta' by Daxon Reality, which is not a wholly owned subsidiary, introduces risks related to the performance and outcomes of these investments. Any unforeseen challenges or setbacks in project execution could impact the company's investment returns and financial performance.
Regional Dependency: The Company’s reliance on generating sales exclusively from operations in Vadodara, Gujarat, exposes it to risks associated with adverse developments or disruptions in these specific geographical regions. Factors such as regulatory changes, economic downturns, or natural disasters could adversely affect revenue and operational results.
Land Acquisition Challenges: Inability to successfully acquire land for future projects poses a significant risk to the company's growth prospects. Delays or difficulties in securing suitable land parcels could hinder the company's expansion plans and limit its ability to capitalize on market opportunities.
Customer Support Concerns: Failure to provide timely and effective customer support may jeopardize relationships with customers, leading to dissatisfaction and potential loss of business. Maintaining high standards of customer service is crucial for sustaining customer loyalty and enhancing brand reputation in the competitive real estate market.
Beeline Capital Advisors Pvt Ltd
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