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Vision Infra Equipment Solutions 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 bidding started from September 6, 2024 and ended on September 10, 2024. The allotment for Vision Infra Equipment Solutions IPO was finalized on Wednesday, September 11, 2024. Vision Infra Equipment Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, September 13, 2024.
Vision Infra Equipment Solutions IPO price band is set at ₹155 to ₹163 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹130,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹260,800.
Hem Securities Limited is the book running lead manager of the Vision Infra Equipment Solutions IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Vision Infra Equipment Solutions IPO is Hem Finlease.
Refer to Vision Infra Equipment Solutions IPO RHP for detailed information.
| IPO Date | September 6, 2024 to September 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 17,300,000 |
| Share holding post issue | 23,816,000 |
| Market Maker portion | 336,000 shares Hem Finlease |
Vision Infra Equipment Solutions IPO offers 65,16,000 shares. 12,36,000 (18.97%) to QIB, 9,27,200 (14.23%) to NII, 21,63,200 (33.2%) to RII and 18,53,600 (28.45%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 18,53,600 (28.45%) |
| Market Maker Shares Offered | 3,36,000 (5.16%) |
| QIB Shares Offered | 12,36,000 (18.97%) |
| NII (HNI) Shares Offered | 9,27,200 (14.23%) |
| Retail Shares Offered | 21,63,200 (33.2%) |
| Total Shares Offered | 65,16,000 (100%) |
Vision Infra Equipment Solutions IPO raises Rs 30.21 crore from anchor investors. Vision Infra Equipment Solutions IPO Anchor bid date is September 5, 2024. Vision Infra Equipment Solutions IPO Anchor Investors list
| Bid Date | September 5, 2024 |
| Shares Offered | 1,853,600 |
| Anchor Portion Size (In Cr.) | 30.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 10, 2024 |
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 |
| 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 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹130,400 |
| Retail (Max) | 1 | 800 | ₹130,400 |
| HNI (Min) | 2 | 1,600 | ₹260,800 |
| Lot Size Calculator | |||
Sachin Vinod Gandhi, Chetan Vinod Gandhi and Sameer Sanjay Gandhi are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Vision Infra Equipment Solutions Limited was founded in 2015 and provides services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railroads, etc.
The company's service portfolio includes the rental of road construction machines as well as the trade and reconditioning of these machines. Road construction machinery is rented out in two ways: (i) time-based pricing and (ii) output-based pricing. Under the time-based pricing model, customers pay for the equipment based on its use or period of use, which is primarily a fixed fee. In contrast, under output-based pricing, the customer pays for the service based on the results or outcomes achieved by the service provided.
The company has a large fleet of equipment from major OEMs such as Wirtgen, Case, Luigong, Dynapac, Komatsu, Atlas Copco, Ashok Leyland, Bharat Benz, Eicher Motors, Volvo, Terex Power Screen, Caterpillar, Metro, BOMAG, etc., which is leased out to infrastructure companies: Larsen & Toubro, Ashoka Buildcon Ltd, Afcons Infrastructure Ltd, NCC Ltd, GMR Infraprojects Ltd, Shapoorji Pallonji, Dilip Buildcon Ltd, Tata Projects Ltd, ITD Cementation India Limited, HG Infra Engineering Ltd, IRB Infra Developers Ltd, GR Infra Projects Ltd, etc. As of November 30, 2023, the company owned a fleet of 326 road construction machines.
As of March 31, 2024, the Company employed around 227 permanent employees and 763 contract employees, including administrative staff, operators, drivers, electricians, engineers, helpers, logistics mechanics, painters, supervisors, and welders, all of whom are required for operations.
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 36,134 | |||||||||
| Revenue | 34,965.58 | |||||||||
| Profit After Tax | 2,668.89 | |||||||||
| Net Worth | 2,346.31 | |||||||||
| Reserves and Surplus | 616.31 | |||||||||
| Total Borrowing | 26,427.66 | |||||||||
| Amount in ₹ Lakhs | ||||||||||
The market capitalization of Vision Infra Equipment Solutions IPO is Rs 388.2 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 130.95% |
| ROCE | 28.29% |
| Debt/Equity | 11.26 |
| RoNW | 113.75% |
| P/BV | 12.02 |
| PAT Margin (%) | 8.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.31 | 9.73 |
| P/E (x) | 30.69 | 16.75 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in providing solutions for equipment needed for infrastructural works. It posted almost static top lines for the last three fiscals. The sudden boost in its bottom line for FY24 (consolidated numbers), the issue relatively appears fully priced. Well-informed investors may park funds for long term. Read detail review...
The Vision Infra Equipment Solutions IPO is subscribed 68.14 times on September 10, 2024 6:18:02 PM. The public issue subscribed 24.14 times in the retail category, 60.94 times in the QIB category, and 180.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 60.94 |
| NII | 180.39 |
| Retail | 24.14 |
| Total | 68.14 |
Total Application : 65,269 (24.14 times)
Vision Infra Equipment Solutions Limited
Shop No 401-405, Bhawani,
International BusinessBay, Bhavani Peth, Pune,
Pune City - 411042
Phone: +91 (020) - 26440999
Email: info@visioninfraindia.com
Website: http://www.visioninfraindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: visioninfra.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Vision Infra Equipment Solutions IPO is a SME IPO of 6,516,000 equity shares of the face value of ₹10 aggregating up to ₹106.21 Crores. The issue is priced at ₹155 to ₹163 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 6, 2024, and closes on September 10, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vision Infra Equipment Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Vision Infra Equipment Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vision Infra Equipment Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vision Infra Equipment Solutions IPO opens on September 6, 2024 and closes on September 10, 2024.
Vision Infra Equipment Solutions IPO lot size is 800 Shares, and the minimum amount required is ₹130,400.
You can apply in Vision Infra Equipment Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vision Infra Equipment Solutions IPO will be done on Wednesday, September 11, 2024, and the allotted shares will be credited to your demat account by Thursday, September 12, 2024. Check the Vision Infra Equipment Solutions IPO allotment status.
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