VR Infraspace Stock Debut: A New Frontier in Investments

by Annabelle Stephenson
in *AR, *CH, *DE, *ES, *FR, *IT, *JP, *KO, *PT, *RU, *TR, *UA, News, VR, xBG, xCS, xDA, xEL, xET, xFA, xFI, xHE, xHR, xHU, xLT, xLV, xNL, xNN, xRO, xSI, xSV
on 12 March 2024

Akcje V R Infraspace zadebiutowały na giełdzie z ceną większą o 6% od ceny emisyjnej

VR Infraspace, a construction and development company, recently made its debut on the NSE SME stock exchange with its stock price jumping 6% higher than the issue price. The issuance price was set at 85 rupees per share with a face value of 10 rupees.

The stock offering of VR Infraspace took place from March 4th to March 6th, requiring investors to bid for at least 1,600 shares and multiples thereof. A total of 2,400,000 shares were expected to be issued, each valued at 10 rupees.

Financial data revealed that between March 31, 2022, and March 31, 2023, VR Infraspace Limited experienced a 229.16% increase in net profit and a 35.16% growth in revenues.

Although the stock debuted with a moderate profit, the opening price did not meet the company’s initial expectations. Nevertheless, investors still had the opportunity to purchase VR Infraspace shares.

VR Infraspace plans to utilize the funds raised from the stock sale to cover working capital needs, finance its subsidiary M/s Narnarayan Enterprise, cover issuance expenses, and for general business purposes.

Here are some essential questions regarding the debut of VR Infraspace stocks on the NSE SME exchange:

1. What was the price of VR Infraspace stocks on the NSE SME exchange?
– The stocks debuted at a price 6% higher than the issuance price of 85 rupees per share.

2. When did the VR Infraspace stock offering start and end?
– The stock offering began on March 4th and ended on March 6th.

3. What were the requirements for investors placing bids for the stocks?
– Investors had to bid for at least 1,600 shares and multiples thereof.

4. What was the total expected number of shares to be issued?
– A total of 2,400,000 shares were planned to be issued.

5. What financial changes were observed in VR Infraspace?
– The net profit of VR Infraspace Limited increased by 229.16%, and revenues grew by 35.16% between March 31, 2022, and March 31, 2023.

6. What are VR Infraspace’s plans for the funds raised?
– The company intends to use the funds for working capital, subsidiary financing, issuance costs, and general business purposes.

7. Who is the registrar for the VR Infraspace stock issuance?
– The registrar is Link Intime India Private Ltd.

8. Who manages the stock offering of VR Infraspace?
– The offering is managed by Beeline Capital Advisors Pvt Ltd.

9. Who is the market maker for VR Infraspace?
– The market maker is Spread X Securities.

For more information, you can visit the following related links (main domain only):
– Giełda NSE
– Link Intime India Private Ltd
– Beeline Capital Advisors Pvt Ltd
– Spread X Securities

The source of the article is from the blog klikeri.rs