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
| IPO Date | September 6, 2024 to September 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹155 to ₹163 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,516,000 shares (aggregating up to ₹106.21 Cr) |
| Fresh Issue | 6,516,000 shares (aggregating up to ₹106.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 17,300,000 |
| Shareholding post-issue | 23,816,000 |
| Market Maker portion | 336,000 shares |
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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹130,400 |
| Retail (Max) | 1 | 800 | ₹130,400 |
| S-HNI (Min) | 2 | 1600 | ₹260,800 |
Vision Infra Equipment Solutions IPO Objectives
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- To Meet Working Capital Requirement.
- Funding Capital Expenditure towards the purchase of additional equipment
- 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.
| Period Ended | 30 Nov 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 26,796.33 | 24,743.86 | 20,848.77 | 14,886.92 |
| Revenue | 20,718.23 | 36,889.54 | 30,510.16 | 16,254.47 |
| Profit After Tax | 1,544.98 | 918.85 | 927.88 | 514.17 |
| Net Worth | 1,730.00 | 3,000.37 | 2,514.12 | 1,583.54 |
| Total Borrowing | 20,664.02 | 15,145.70 | 13,082.08 | 9,285.88 |
| Amount in ₹ Lakhs |
Vision Infra Equipment Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Vision Infra Equipment Solutions IPO Timeline
Vision Infra Equipment Solutions IPO opens on September 6, 2024, and closes on September 10, 2024.
| IPO Open Date | Friday, September 6, 2024 |
| IPO Close Date | Tuesday, September 10, 2024 |
| Basis of Allotment | Wednesday, September 11, 2024 |
| Initiation of Refunds | Thursday, September 12, 2024 |
| A credit of Shares to Demat | Thursday, September 12, 2024 |
| Listing Date | Friday, September 13, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 10, 2024 |
