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V R Infraspace Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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V R Infraspace Ltd IPO

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 (Rs)85.00-0.00 (Rs)0.00-0.00
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 (Rs)85.00  
 
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
MUFG Intime India Pvt Ltd