V R Infraspace IPO opens Monday. Check issue size, price band, GMP and other details
V R Infraspace will open for subscription on Monday and will close on March 6. The company aims to raise Rs 20.4 crore through the IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About V R Infraspace
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.
2) Industry overview
The real estate sector is one of the most globally recognized sectors. It comprises four sub-sectors — housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodation.
3) V R Infraspace IPO size
The IPO is entirely a fresh equity issue of 24 lakh shares and through the issue, the company aims to raise Rs 20.4 crore.
4) V R Infraspace IPO price band
The company is offering its shares at Rs 85 apiece, and investors can bid for 1,600 shares in 1 lot.
IPO Calendar Next Week: 7 new issues, 8 listings to kickstart a busy month for primary market
5) V R Infraspace IPO financial performance
For the period ended September 2023, the company clocked revenues of Rs 7.32 crore and net profit of Rs 89 lakh.
6) Objects of the offer
The net proceeds from the public offer will be used for investment in its subsidiary, working capital requirements and
