V R Infraspace Limited is a construction and real estate development company that mainly focuses on the construction and development of residential and commercial projects in and around Vadodara, Gujarat.
The company has developed projects catering to the middle-income and high-income groups. Their residential apartment portfolio contains various accommodations of different sizes. They have concentrated on developing affordable and luxury housing in the residential segment. Their residential buildings are designed with various amenities such as security systems, recreational facilities, sports, play areas and electricity back-up. All the projects that are constructed and proposed to be constructed are on the company’s land.
The existing housing shortage in urban regions is approximately 10 million units, and an additional 25 million units of affordable housing will be necessary by 2030 to accommodate the expanding urban population. The real estate market is projected to surge to ₹65,000 crore (US$ 9.30 billion) by 2040, a substantial increase from ₹12,000 crore (US$ 1.72 billion) in 2019. The Indian real estate sector is anticipated to achieve a market size of US$ 1 trillion by 2030, rising from US$ 200 billion in 2021, and is expected to contribute 13% to the country's GDP by 2025. Notably, the retail, hospitality, and commercial real estate segments are experiencing significant growth, catering to India's evolving infrastructure requirements. V R Infraspace Limited will probably benefit from this.
V R Infraspace Limited IPO Details
V R Infraspace Limited IPO Dates
V R Infraspace Limited’s IPO will be opened on March 4, 2024 and closed on March 6, 2024. The IPO will be listed on NSE Emerge.
V R Infraspace Limited IPO Price Band
V R Infraspace Limited is a fresh issue of up to 24,00,000 Equity Shares of ₹85 each.
V R Infraspace Limited IPO Lot Size
V R Infraspace Limited’s IPO lot size is 1,600 shares.
V R Infraspace Limited IPO Objectives
The objectives of V R Infraspace Limited's IPO are listed below:
- To invest in their subsidiary, M/s Daxon Realty (formerly known as Narnarayan Enterprise).
- For general corporate purposes.
- For working capital requirements.
Peer Details
As per DRHP, the listed peers whose business portfolio is comparable to the company are:
- Samor Reality Limited
- Laxmi Goldorna House Limited
How To Check the V R Infraspace Limited Allotment Status?
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Contact Details of V R Infraspace Limited IPO
- Registered office: National Trade Center N. H. 8, Opp. L&T, Bapod Na Vadodara-390019, Gujarat, India.
- Phone: +91- 9737118885
- E-mail: info@vrinfraspace.com
IPO Financials
| Particulars | Period ending on September 30, 2023 (₹ lakh) | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) |
|---|---|---|---|
| Total Revenue | 732.41 | 1,875.53 | 1,387.65 |
| Profit | 89.54 | 262.47 | 79.74 |
| Net Worth | 1290.10 | 1,211.86 | 949.39 |
| Total Borrowings | 661.36 | 971.87 | 1,038.55 |
Know before investing
Strengths
2The company focuses on the overall management of their projects, including land acquisition, project conceptualisation and marketing. They work with service providers, which enables them to access third-party design, project management and construction expertise.
The company’s projects are currently located in the Vadodara region in Gujarat. Going forward, they plan to establish their presence in the other regions in Gujarat and intend to execute projects in other major cities.
Risks
2They generate their entire sales from operations in geographical regions of Vadodara, Gujarat and any adverse development affecting their operations in these regions could have an adverse impact on their revenue and the results of operations.
If the company is not able to successfully acquire land for its projects, it may affect their business and growth prospects.
