V R Infraspace Ltd - IPO

V R Infraspace Ltd IPO Details

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.

Objective of issue

Investment into its subsidiary and part financing the construction of VR Vivanta. To meet working capital requirements. General corporate expenses.

V R Infraspace Ltd Contact Details

V R Infraspace Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@vrinfraspace.com

Website - www.vrinfraspace.in