Vision Infra Equipment Solutions Limited IPO

Vision Infra Equipment Solutions Limited IPO opens on September 6, 2024, and closes on September 10, 2024. The allotment for the Vision Infra Equipment Solutions Limited IPO is anticipated to be completed on Wednesday, September 11, 2024. The IPO will be tentatively listed on the NSE and SME on Friday, September 13, 2024.

Vision Infra Equipment Solutions Limited IPO’s price band is Rs 155 to Rs 163 per share. The IPO is a book-built issue of Rs 106.21 crores. The issue is entirely a fresh issue of 65.16 lakh shares.

Vision Infra Equipment Solutions IPO Details

Vision Infra Equipment Solutions IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Vision Infra Equipment Solutions IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

1. To Meet Working Capital Requirement.
2. Funding Capital Expenditure towards the purchase of additional equipment
3. General Corporate Purpose.

About Vision Infra Equipment Solutions Limited

Founded in 2015, Vision Infra Equipment Solutions Limited specializes in providing equipment rental and services across various sectors, including airports, smart cities, and infrastructure projects. The company offers road construction machinery rentals under two pricing models: time-based and output-based. Its extensive fleet includes equipment from major OEMs like Caterpillar, Komatsu, and Volvo, leased to prominent infrastructure companies such as Larsen & Toubro and GMR Infraprojects. By November 30, 2023, the company owned 326 road construction machines and, as of March 31, 2024, employed approximately 227 permanent and 763 contract staff, covering a wide range of operational roles.

Vision Infra Equipment Solutions Limited Financial Information

Vision Infra Equipment Solutions Limited’s revenue increased by 20.91% and profit after tax (PAT) dropped by -0.97% between the financial year ending with March 31, 2023 and March 31, 2022.

Vision Infra Equipment Solutions IPO Reservation

Vision Infra Equipment Solutions IPO Timeline

Vision Infra Equipment Solutions IPO opens on September 6, 2024, and closes on September 10, 2024.