March 4, 2024 - March 6, 2024

V R Infraspace IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

V R Infraspace IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

V R Infraspace IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

V R Infraspace IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is in reality segment and construction affordable housing projects in and around Vadodara. It is operating in a highly competitive and fragmented segment. On the financial performance front, it posted bumper profits for FY23 indicating some window dressing for inflated valuations. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...

V R Infraspace IPO Peer Comparison

V R Infraspace Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
V R Infraspace Limited	4.04	18.61	21.04	21.71	4.57	Standalone
Samor Reality Ltd	0.22	25.61	135.23	0.46	1.16	Standalone
Laxmi Goldorna House Limited	0.19	15.26	343.68	1.24	4.28	Standalone

Notes:

Based on March 31, 2023 restated financial statements.
Source: Based on Financial Results of Peer Group Companies.
Basic & Diluted Earnings per share (EPS) is calculated on weighted average number of shares after considering Bonus Issue of Shares.
Price Earning (P/E) Ratio in relation to the Issue Price of ₹85.00 per share.

V R Infraspace IPO Review by Members

V R Infraspace IPO Reviews, analysis and views by popular members. Read V R Infraspace Limited IPO reviews by retail investors to find recommended ipo to buy.

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V R Infraspace IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	3
%	0.00	0.00	0.00	100.00

Member	Review
Architbhai	Avoid risky March 6, 2024 7:50:59 AM
VM IPO INVESTOR	Avoid Their actual peers and other better companies like PRERNA INFRA With MCap of Rs.125Cr. & p/e of 18, with way better ROCE & ROE is available in the market. Arihant Foundation and Citadel Realty are also good peer to compare with. AVOID as an IPO. March 5, 2024 10:38:11 AM
Confusing Markets. Top Contributor (200+ Posts, 100+ Likes)	Avoid Small real estate projects are quite risky, unless you know their past record. How many projects completed in time or delayed, what land bank they hold. Before taking info on these two better to avoid all such IPO. Because if anything goes wrong its your money. Specially all thise companies which has done extraordinarily in preceding 6 months or so proves accounts may be manipulated. So be carefull. Don't depend upon GMP because we can't buy or sell in this market, so how to rely on these figure March 2, 2024 9:04:32 AM

Member

Review

Architbhai

Avoid

risky

March 6, 2024 7:50:59 AM

VM IPO INVESTOR

Avoid

Their actual peers and other better companies like PRERNA INFRA With MCap of Rs.125Cr. & p/e of 18, with way better ROCE & ROE is available in the market. Arihant Foundation and Citadel Realty are also good peer to compare with. AVOID as an IPO.

March 5, 2024 10:38:11 AM

Confusing Markets.

Top Contributor (200+ Posts, 100+ Likes)

Avoid

Small real estate projects are quite risky, unless you know their past record. How many projects completed in time or delayed, what land bank they hold. Before taking info on these two better to avoid all such IPO. Because if anything goes wrong its your money. Specially all thise companies which has done extraordinarily in preceding 6 months or so proves accounts may be manipulated. So be carefull. Don't depend upon GMP because we can't buy or sell in this market, so how to rely on these figure

March 2, 2024 9:04:32 AM

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