VR Infraspace IPO saw strong demand with subscription at 93.41 times the offer size, with the others category having subscribed 85.21 times and retail investors 90.55 times.
Read More: R K Swamy IPO allotment – How to check allotment, GMP, listing date and more
The SME IPO, with a fixed price issue of ₹20.40 crore, concluded its subscription period on March 6, 2024. It consisted of 24 lakh fresh shares at a price of ₹85 per share and opened for subscription on March 4, 2024. The minimum lot size for the application was set at 1600 shares.
If you applied for the IPO, here is how you can check the VR Infraspace IPO allotment status.
Checking IPO Allotment Status on Registrar’s Website:
Follow these steps to check the VR Infospace IPO allotment status:Visit the registrar’s website.Click on “Company Selection” and choose “VR Infraspace” from the dropdown menu.Then you can enter your PAN, application number, or Demat.Enter the captcha and click Submit to retrieve the VR Infraspace IPO allotment status
If all the details are entered correctly and the allotment has been finalised, the VR Infraspace IPO allotment status will be visible.
Read More: Stocks to Watch: Tata Motors, LIC, HAL, NLC India, Zomato, Infosys, IOC, and Others
VR Infraspace IPO Details And GMP
V R Infraspace Limited, established in December 2015, is a real estate development company based in Vadodara, Gujarat.
Specialising in residential and commercial projects, the company focuses on constructing affordable and luxurious buildings equipped with security systems, recreational facilities, play areas, and power backups. Operating under the brand name “VR,” the company has successfully completed projects like VR Celebrity Luxuria and VR Imperia for residential purposes, along with a commercial venture called VR One Commercial Business Center.
The shares of V R Infraspace Limited are scheduled to list on NSE SME on Tuesday, March 12.
V R Infraspace IPO’s current grey market premium is ₹30, which suggests V R Infraspace could list at a premium of ₹30 per share.
Read More: NLC India Down 3% As Govt Plans To Sell 7% Stake In NLC India; Details
Assuming it lists at the upper limit of its IPO price band and the current GMP, the estimated listing price of V R Infraspace share price is ₹115 apiece, which is 35.29% higher than its IPO price of ₹85.
