Vision Infra Equipment Solutions IPO Logo

Vision Infra Equipment Solutions IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 06 to Sep 10 2024
Price Band ₹155 - 163
Current GMP ₹205(25.77%)
Subscription 68.14 times

IPO Details

IPO Date
September 6, 2024 to September 10, 2024
Listing Date
Friday, September 13, 2024
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

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
60.94
Non-Institutional Buyers***
180.39
Retail Investors
24.14
Total **
68.14

Day Wise Sub

DayDay 1 Sep 6, 2024
QIB4.38
NII*1.01
Retail1.22
Total2.08
DayDay 2 Sep 9, 2024
QIB4.38
NII*1.31
Retail3.13
Total3.10
DayDay 3 Sep 10, 2024
QIB60.94
NII*180.39
Retail24.14
Total68.14

Day Wise GMP

Date13-09-2024
Price163.00
GMP95(58.28%)
Estimate List Price258
Date12-09-2024
Price163.00
GMP95(58.28%)
Estimate List Price258
Date11-09-2024
Price163.00
GMP75(46.01%)
Estimate List Price238
Date10-09-2024
Price163.00
GMP75(46.01%)
Estimate List Price238
Date09-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date08-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date07-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date06-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date05-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date04-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date03-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163
Date02-09-2024
Price163.00
GMP0(0.0%)
Estimate List Price163

IPO Important Dates

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

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares800
Amount₹130,400
ApplicationRetail (Max)
Lots1
Shares800
Amount₹130,400
ApplicationHNI (Min)
Lots2
Shares1,600
Amount₹260,800

Financial Information

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

Key Performance Indicator

ROE
130.95%
ROCE
28.29%
Debt/Equity
11.26
RoNW
113.75%
P/BV
12.02
PAT Margin (%)
8.02
EPS (Rs)
5.31

IPO Reservation

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%)

Information about company

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.

Objectives of IPO

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: Funding Capital Expenditure towards the purchase of additional equipment Funding to meet working capital requirements General Corporate Purpose

Disclaimer

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