VR Infraspace IPO GMP: The Initial Public Offering (IPO) of VR Infraspace commenced its subscription on March 4, 2024, Here’s a detailed overview of the IPO, including Grey Market Premium (GMP), subscription dates, price band, and other crucial details.
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V R Infrasapce IPO Subscription Status
The V R Infraspace IPO subscribed 7.17 times overall. the retail category was subscribed 12.75 times, and the Non-Institutional Investors (NII) category saw a subscription of 1.57 times as of March 5, 2024, at 11:24:00 AM.
V R Infraspace IPO Details: A Closer Look
V R Infraspace IPO Issue Size
The V R Infrasapce IPO is a fixed-price issue valued at Rs 20.40 crores, comprising an entirely fresh issue of 24 lakh shares.
V R Infrasapce IPO Subscription Window Timeline
The subscription window for the V R Infraspace IPO opened on March 4, 2024, and remains active for three days, closing on March 6, 2024.
V R Infrasapce IPO Grey Market Premium (GMP) Today
V R Infrasapce IPO Latest GMP Today
According to multiple unlisted market tracking websites report. Grey Market Price (GMP) V R Infrasapce is priced at Rs 15 to Rs 30 per share.
V R Infrasapce IPO Financial Aspects and Investment Requirements
V R Infrasapce IPO Price Band
V R Infraspace IPO features a fixed price band set at Rs 85 per share.
V R Infrasapce IPO Minimum Investment
The minimum lot size for V R Infraspace IPO applications is 1600 shares. Retail investors are required to make a minimum investment of Rs 136,000, while High Net Worth Individuals (HNIs) need to invest in a minimum lot size of 2 lots (3,200 shares), totalling Rs 2,72,000.
V R Infrasapce IPO Key Dates to Remember
V R Infrasapce IPO Allotment Date
V R Infrasapce IPO allotment is anticipated on Thursday, March 7, 2024.
V R Infrasapce IPO Listing Date
The V R Infrasapce IPO is slated for listing on NSE SME on Tuesday, March 12, 2024.
V R Infrasapce IPO Book Running Lead Managers and Registrar
Beeline Capital Advisors Pvt Ltd takes the lead as the book-running lead manager, with Link Intime India Private Ltd serving as the registrar for the issue. Spread X Securities has been appointed as the market maker for the V R Infraspace IPO.
About V R Infraspace Limited
V R Infrasapce established in December 2015, as a real estate development company with a primary focus on constructing residential and commercial projects in and around Vadodara, Gujarat. Operating under the brand name “VR,” the company is dedicated to providing a variety of luxurious and affordable residential buildings, each equipped with security systems, sports and recreational facilities, play areas, and electricity backups.
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Notable among its completed projects are the residential developments of VR Celebrity Luxuria and VR Imperia, along with the commercial project known as VR One Commercial Business Center. As of September 30, 2023, the company reported a Consolidated Total Income of Rs. 732.41 Lakhs and a Profit after tax of Rs. 89.54 Lakhs. The registered office of V R Infraspace is located in Vadodara, Gujarat, India, according to regulatory filing.
