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IPO

IPO Synopsis
V R Infraspace Ltd
Registered Office: National Trade Center N H 8,Opp.L & T Bapod Na , Vadodara - 390019 , Gujarat , India.
Phone : +91-97371 18885   Fax:
Email :  info@vrinfraspace.com  
Website :  www.vrinfraspace.in
Initial public issue of 24,00,000 equity shares of Rs. 10/- each ("Equity Shares") of V R Infraspace Limited ("V R" or the "Company" or the "Issuer") for cash at a price of Rs. 85/- per equity share including a share premium of Rs. 75/- per equity share (the "Issue Price"), aggregating to Rs. 20.40 crores ("The Issue"), of which 1,21,600 equity shares of Rs. 10/- each for cash at a price of Rs. 85/- per equity share including a share premium of Rs. 75/- per equity share aggregating to Rs. 1.03 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 22,78,400 equity shares of Rs. 10/- each including a share premium of Rs. 75/- per equity share aggregating to Rs. 19.37 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.03% and 25.66%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the issue price is Rs. 85/- the issue price is 8.50 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Mar-24 06-Mar-24 Rs85.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 19.90
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 20.40  
Post Issue Equity Share Capital 8.88  
Issue Price Rs85.00  
 
Projects
Investment into its subsidiary and part financing the construction of VR VivantaGeneral corporate expenses
To meet working capital requirements
Promoted By
Vipul Devchand Rupareliya
Sumitaben Vipulbhai Rupareliya
Listing At
NSE - SME 
Registrar to the Issue
Link Intime India Pvt Ltd