IPO Details

V R Infraspace Ltd
Registered Office: National Trade Center N H 8, Opp.L & T Bapod Na, Vadodara - 390019, Gujarat
Phone: +91-97371 18885
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-2024	06-Mar-2024	₹ 85.00	₹ 0.00

Projects
Investment into its subsidiary and part financing the construction of VR Vivanta
To meet working capital requirements
General corporate expenses

Promoted By
Vipul Devchand Rupareliya
Sumitaben Vipulbhai Rupareliya

Listing At
NSE - SME

Registrar to the Issue