VR Infraspace's IPO offers 24L fresh shares, INR 20.40 cr. Proceeds for working capital and investment in subsidiary M/s. Daxon Realty.
Date: Mar 4 to Mar 6, 2024 Listing Date: Mar 12, 2024 Price: INR 85 per share Lot Size: 1600 Shares Total Issue Size: INR 20.40 crores
VR Infraspace's pre-IPO financials show strong revenue growth, profitability, and improved health, promising investment potential in real estate and infrastructure.
VR Infraspace IPO's RoNW 21.71%, EPS ₹4.04, showcasing high profitability. Samor Reality, Laxmi Goldorna House lag in profitability, emphasizing VR's financial strength.
VR Infraspace IPO aims to meet working capital needs, invest in M/s. Daxon Realty, and cover general corporate expenses for sustained growth.
VR Infraspace's operations face risks from regional dependence, project uncertainties, and compliance challenges under RERA, risking time, cost, and penalties.
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