Vision Infra Equipment Solutions IPO Sees 33% Subscription on Day 1 – Check GMP, Key Dates & Full Subscription Status!

The Vision Infra Equipment Solutions initial public offering (IPO) opened for subscription on Friday, 6th September and will close on Tuesday, 10th September. The IPO is priced between ₹155-163 per share, with a face value of ₹10 per share. Investors can bid for a minimum of 800 shares.

Founded in 2015, Vision Infra Equipment Solutions provides services for various sectors such as airports, smart cities, irrigation, industries, mining, and railroads. The company offers rental, exchange, and reconditioning services for road construction equipment. Two pricing models are available for equipment rental: time-based pricing (clients pay for the time equipment is used) and output-based pricing (clients pay based on the results the equipment delivers).

No Industry Comparison

According to the company’s red herring prospectus (RHP), there are no Indian companies listed in a similar business, so making an industry comparison isn’t possible.

The IPO share allocation will take place on Wednesday, 11th September, and shares will be credited to the demat accounts of allottees on Thursday, 12th September. The offering is divided into three portions: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).

Retail investors need to invest at least ₹1.304 lakh to buy 800 shares, while high-net-worth individuals (HNIs) must buy at least 1,600 shares (2 lots) for ₹2.608 lakh at the upper price band.

In FY24, Vision Infra Equipment Solutions reported a revenue of ₹349 crore and a profit after tax (PAT) of ₹26.68 crore.

Subscription Status on Day 1

By 12:34 PM on Day 1, the IPO was subscribed 33%, with the retail portion subscribed 60% and the NII portion 12%. The QIB segment is yet to be fully subscribed. The company received bids for 14,11,200 shares against the 43,26,400 shares on offer.

IPO Details

The IPO aims to raise ₹106.21 crore, with a fresh issuance of 6,516,000 equity shares. There is no “offer for sale” in this issue. The company plans to use the funds to acquire more equipment, meet working capital requirements, and for general corporate purposes.

Hem Securities Limited is the lead manager for the IPO, while Link Intime India Private Ltd is the registrar. Hem Finlease has been named the market maker for the issue.

Grey Market Premium (GMP) Today

The grey market premium (GMP) for the Vision Infra Equipment Solutions IPO stood at ₹0, meaning the shares were trading at their issue price of ₹163 with no premium or discount in the grey market, as per investorgain.com. The GMP indicates whether investors are willing to pay more than the issue price.

The Vision Infra Equipment Solutions IPO presents an opportunity for investors to participate in a growing company with a focus on infrastructure services.