Annabelle Stephenson
VR Infraspace, a prominent player in the construction and development sector, has recently marked its entry into the NSE SME stock exchange. The launch saw the stock price surge by 6% above its issuance price, setting a promising tone for potential investors.
The stock issuance for VR Infraspace transpired from March 4th to March 6th, mandating investors to bid for a minimum of 1,600 shares and their multiples. A substantial total of 2,400,000 shares were slated for issuance, each holding a nominal value of 10 rupees.
Financial data delineates a commendable performance by VR Infraspace Limited, showcasing a robust 229.16% upsurge in net profit and a notable 35.16% escalation in revenues between March 31, 2022, and March 31, 2023.
The stock’s debut, while not meeting all of the company’s initial expectations, presented a viable opportunity for investors to partake in VR Infraspace’s journey.
VR Infraspace envisions leveraging the capital garnered from the stock sale to fulfill working capital requirements, support its subsidiary M/s Narnarayan Enterprise, attend to issuance outlays, and cater to general operational needs.
# Frequently Asked Questions (FAQ) About VR Infraspace Stock Debut:
1. What was the inaugural price of VR Infraspace stocks on the NSE SME exchange?
— The stocks commenced trading at a value elevated by 6% from the issuance price of 85 rupees per share.
2. When did the VR Infraspace stock offer commence and conclude?
— The offering was open for subscription from March 4th to March 6th.
3. What criteria were imposed on investors while bidding for the stocks?
— Investors were required to bid for a minimum of 1,600 shares and in multiples.
4. How many shares were anticipated to be issued in total?
— A grand total of 2,400,000 shares were anticipated for issuance.
5. What financial transformations were witnessed in VR Infraspace?
— The net profit of VR Infraspace Limited soared by 229.16%, and revenues surged by 35.16% between March 31, 2022, and March 31, 2023.
6. What are the strategic intentions of VR Infraspace with the raised funds?
— The company plans to allocate the funds towards working capital, subsidiary financing, issuance expenditures, and operational necessities.
7. Who is responsible for overseeing the VR Infraspace stock issuance process?
— The registrar for the VR Infraspace stock issuance is Link Intime India Private Ltd.
8. Which entity is managing the stock offering of VR Infraspace?
— The offering is being supervised by Beeline Capital Advisors Pvt Ltd.
9. Who acts as the market maker for VR Infraspace?
— The market maker for VR Infraspace is Spread X Securities.
For further insights, you may refer to the following links:
— [Giełda NSE](#)
— [Link Intime India Private Ltd](#)
— [Beeline Capital Advisors Pvt Ltd](#)
— [Spread X Securities](#)
The source of the article is from the blog reporterosdelsur.com.mx
