VR Infraspace IPO: Opportunity or Overvalued?

IPO Highlight – Raise ₹20.40 Crore for growth – Opens Mar 4, Closes Mar 6, Lists Mar 12 (tentative) – ₹85 per share, Min 1600 shares (₹136,000) – Listed on NSE SME

Objective of IPO – Investment in Subsidiary (Daxon Realty) – Working Capital – General Corporate Purposes (expansion, marketing)

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Objective of IPO – Investment in Subsidiary (Daxon Realty) – Working Capital – General Corporate Purposes (expansion, marketing)

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IPO Dates & Price – Opens: Mar 4, 2024 – Closes: Mar 6, 2024 – Listing: Mar 12, 2024 (tentative) – Price: ₹85 per share; Lot Size: Min 1600 shares (₹136,000)

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Financials (YoY Growth) – Revenue: Up 35.16% – Profit After Tax (PAT): Up 229.16%

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Promoter Holding Post-IPO – Pre-IPO: 100% – Post-IPO: 72.97%

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IPO Strength – Established brand in Vadodara – Focus on affordable housing (high demand) – Owns land for projects (more control)

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IPO Weakness – Limited presence outside Vadodara – Volatile financials (recent decline) – Competitive real estate market

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Analyst Views: Mixed – Proceed with caution due to Competitive market Recent profit surge (valuation concerns) High issue price compared to earning Do your research before investing!

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