The subscription period for the VR Infraspace IPO begins today, March 4, 2024, and ends on March 6, 2024. The allocation for the VR Infraspace IPO is expected to be finished on Thursday, March 7, 2024. The planned listing date of VR Infraspace IPO is set on Tuesday, March 12, 2024 on NSE SME.
VR Infraspace IPO GMP
The Grey Market Premium (GMP) for the VR Infraspace IPO is currently ₹15. The IPO is priced at ₹85 per share, and The lot size for this IPO is 1600 shares. The subscription window is open from March 4 to March 6, 2024.
If you’re interested in investing, keep an eye on the allotment date, which is expected to be March 7, 2024, and the tentative listing date set for March 12, 2024.
VR Infraspace Limited is a construction and real estate development business based in and around Vadodara, Gujarat, that specialises in building and developing residential and commercial developments. The business is a reputable and well-known name in the Vadodara real estate industry.
VR Infraspace IPO Lot Size
The lot size for the VR Infraspace IPO is 1600 shares. This means that investors can bid for a minimum of 1600 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investment by different categories of investors:
- Retail Investors:
- Minimum Investment: 1600 shares (₹136,000)
- Maximum Investment: 1600 shares (₹136,000)
- High Net Worth Individuals (HNI):
- Minimum Investment: 2 lots (3200 shares) (₹272,000)
Remember, this is the lot size for the VR Infraspace IPO, and it’s always a good idea to consult with your financial advisor before making any investment decisions.
VR Infraspace IPO Price Band
The IPO consists of an entirely fresh equity issue of 24 lakh shares, with the aim of raising ₹20.4 crore. The VR Infraspace IPO is priced at ₹85 per share. The net proceeds from the IPO will be used for investment in its subsidiary, working capital requirements, and general corporate purposes.
The VR Infraspace firm provides a variety of opulent, reasonably priced residential structures with different kinds of lodging. Play areas, sports and leisure spaces, security systems, and power backups are features found in every structure. The business offers commercial and residential developments under the “VR” brand.
VR Infraspace IPO Reservation
The registrant for the IPO is Link Intime India, and the lead manager is Beeline Capital Advisors. The VR Infraspace IPO has garnered significant interest, and here are the details regarding the reservation:
- 50% of the offer is reserved for Qualified Institutional Buyers (QIBs).
- 15% is allocated to Non-Institutional Investors (NIIs).
- 35% is set aside for Retail Investors.
What is the main Objective of VR Infraspace IPO?
VR Infraspace Limited is a real estate development business that was founded in December 2015 and is mainly focused on building and developing residential and commercial projects in and around Vadodara, Gujarat. The primary objective of the VR Infraspace IPO is to raise capital for specific purposes. Here are the key objectives:
- Investment in Subsidiary: The net proceeds from the IPO will be used for investment in its subsidiary. This strategic move aims to enhance the company’s overall growth and expansion.
- Working Capital Requirements: A portion of the funds raised will be allocated to meet the company’s working capital requirements. This includes day-to-day operational expenses, project execution, and other business activities.
- General Corporate Purposes: The remaining proceeds will be utilised for general corporate purposes, which may include debt repayment, marketing initiatives, research and development, and other business-related needs.
In summary, the VR Infraspace IPO aims to strengthen the company’s financial position, support its subsidiary, and facilitate future growth opportunities. Investors participating in the IPO can contribute to the realisation of these objectives.
Should I apply for the VR Infraspace IPO or Not?
The decision to apply for the VR Infraspace IPO depends on your investment strategy, risk tolerance, and assessment of the company. Remember, investing in an IPO involves risks, and past performance is indicative of future results.
Do a comprehensive investigation on the business and gain an understanding of its finances, growth potential, business strategy, and competitive environment. Considering your particular situation, make an informed choice.
Evaluate how the VR Infraspace IPO fits into your existing investment portfolio. Seek professional advice from a financial advisor who understands your financial situation and goals. They can offer customized advice depending on your unique situation.
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