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V R Infraspace Ltd

Registered Office : National Trade Center N H 8,Opp.L & T Bapod Na,Vadodara Gujarat 390019 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

Opens On

Closes On

04-Mar-2024

06-Mar-2024

Money Payable On

Application

Allotment

85.00

0.00

Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

19.90

20.40

8.88

85.00

Beeline Capital Advisors Pvt Ltd

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

MUFG Intime India Pvt Ltd