V R Infraspace Limited IPO

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V R Infraspace Limited presents itself as a distinguished entity in the construction and real estate development sector, with a concentrated focus on developing residential and commercial projects primarily in Vadodara, Gujarat. This overview encapsulates the company’s journey, its operational strategies, financial performance, and competitive strengths, providing a holistic view of its business model and market positioning.

  • Incorporation and Transformation: Initially established as a private limited entity in 2015, V R Infraspace has transitioned to a public limited company, marking a significant milestone in its corporate journey. This shift underscores its growth and readiness to embrace broader market challenges and opportunities.
  • Geographical Focus: Situated in Vadodara, Gujarat, the company has strategically capitalized on the region’s real estate market, becoming a credible name by delivering projects that cater to both middle and high-income groups.

Project Portfolio and Customer-Centric Approach

  • Diverse Offerings: V R Infraspace boasts a portfolio that spans luxury and affordability, featuring residential apartments equipped with modern amenities aimed at enhancing living experiences.
  • Land Ownership: A critical aspect of its business model is the construction of projects on company-owned land, which underscores financial stability and operational control.
  • Design and Development: Emphasizing customer needs, the company collaborates with top architects to develop projects that resonate with various customer demographics, ensuring a blend of innovation and suitability.

Competitive Strengths

  • Experienced Management: Led by Mr. Vipul Devchand Rupareliya and Mrs. Sumitaben Vipulbhai Rupareliya, the management team’s extensive experience in real estate is pivotal to V R Infraspace’s strategic direction and success.
  • Brand Recognition: The ‘V R Group’ brand stands as a testament to the company’s reputation and customer confidence in Vadodara, facilitating future business endeavors.
  • Operational Excellence: From project conceptualization to execution, the company leverages third-party expertise alongside its methodologies to ensure timely and quality project completion.
  • Scalable Business Model: A customer-centric approach, coupled with the aim for quality and economies of scale, positions the company for scalable growth.
  • Quality Assurance: Commitment to quality in construction materials and processes has endowed V R Infraspace with a competitive edge, earning customer goodwill.

Strategic Innovations and Market Impact

  • The ability to transform locations into attractive destinations for diverse income groups has been instrumental in V R Infraspace’s success. This strategic innovation not only enhances the value of the surrounding geography but also establishes the company as a key player in redefining living spaces.

Conclusion

V R Infraspace Limited, through its dedicated focus on quality, innovative designs, and customer-centric developments, has established a strong foothold in the real estate market of Vadodara. With a leadership team rich in industry experience and a solid track record of financial performance, the company is well-positioned to capitalize on future market opportunities, continuing its trajectory of growth and value creation in the real estate sector.

Objects of the V R Infraspace Limited IPO:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects: i. Investment into our subsidiary namely M/s Narnarayan Enterprise ii. To Meet Working Capital Requirement iii. General Corporate Purpose iv. To Meet the Issue Expenses
DRHP of V R Infraspace Limited IPO
RHP of V R Infraspace Limited IPO

V R Infraspace Limited IPO Details:

Open Date: Mar 04 2024
Close Date: Mar 06 2024
Total Shares: 2,400,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 20.40 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 85 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 11 2024

Promoters And Management:

Mr. Vipul Devchand Rupareliya, aged 38 years is Chairman cum Managing Director and also the Promoter of the Company. He is under graduate. He was appointed on the Board on December 16, 2015 and further designated as the Chairman cum Managing Director of the Company on August 16, 2023 for a period of 5 years, not liable to retire by rotation. He is having experience of 9 years in real estate industry. He has been instrumental in taking major policy decision of the Company. He is playing vital role in formulating business strategies and effective implementation of the same. He is Strategic and results-oriented business leader with experience in strategy, planning, management and operations results-oriented business leader with experience in strategy, planning, management and operations. Mrs. Sumitaben Vipulbhai Rupareliya, aged 35 years is the Whole-Time Director and also Promoter of the Company. She is under graduate. She was originally appointed on the Board on December 16, 2015 and further designated as Whole-Time Director w.e.f. August 16, 2023. She is having experience of 8 years in real estate industry. She is responsible for the administration and overall management of the business of the Company. Mr. Jatin Shah, aged 40 years, is the Non-Executive Director of the Company. He hold degree of bachelor of commerce. He was appointed on the Board as Non-Executive Director of the Company on January 23, 2024. He is having of experience of 3 years in sales and marketing industry.

Financials of V R Infraspace Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
6M-FY24
Revenue from Operations 1,342 1,374 1,837 727
Other Income 7 13 39 6
Total Revenue 1,349 1,388 1,876 732
Cost of Materials Consumed 195 524 1,209 73
Employees Benefit Expenses 476 488 171 280
Other Expenses 361 151 165 262
EBITDA 316 224 331 118
Depreciation & Amortisation 2 3 2 1
Finance cost 235 144 72 12
EBIT 314 221 328 117
OPM (%) 23.46% 16.14% 17.62% 16.05%
PBT 80 77 256 105
Tax 12 15 10 26
PAT 72 80 262 90
NPM (%) 5.34% 5.75% 13.99% 12.23%
No.of Shares 88.80 88.80 88.80 88.80
EPS 0.81 0.89 2.95 1.01

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
V R Infraspace limited 18 3 2.95 28.8 85 75
Samor Reality limited 14 0.1 0.06 N/A 125 269
Laxmi Goldorna House Limited 61 0.4 0.19 N/A 241 502
* All the data is as per FY23.

Lead Manager of V R Infraspace Limited IPO:

  1. Beeline Broking Limited

Registrar of V R Infraspace Limited IPO:

  1. Link Intime India Private Limited

Company Address:

V R Infraspace Limited National Trade Center N. H. 8 Opp. L & T, Bapod Na Vadodara-390019 Phone: +91- 9737118885 Email: info@vrinfraspace.com Website: https://vrinfraspace.in/

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