Vision Infra Equipment Solutions IPO Allotment Set to Finalize Today: What to Expect from SME Market’s Hot Subscription

The share allotment for Vision Infra Equipment Solutions’ initial public offering (IPO) is expected to be finalized today, Wednesday, September 11. After a strong subscription, all eyes are now on the share allotment process.

IPO Details

The ₹106.21 crore IPO, which involved a fresh issue of 65.16 lakh shares, opened for subscription on Friday, September 6, and closed on Tuesday, September 10. The price band was set between ₹155 and ₹163 per share, and the company’s shares are expected to be listed on the NSE SME on Friday, September 13.

Strong Response to IPO

The IPO received an impressive response, with subscriptions around 68 times the offer size. The IPO received bids for approximately 29.5 crore shares against the 43.3 lakh shares offered. The retail portion was subscribed 24 times, with 5.22 crore bids against 21.6 lakh shares offered. The non-institutional investors’ segment saw an even stronger response, with 180 times subscription—16.7 crore shares bid for against 9.3 lakh offered.

Use of Funds

The company plans to use the money raised from the IPO to buy more equipment, meet working capital needs, and cover general corporate expenses.

How to Check Vision Infra Equipment Solutions IPO Allotment Status?

If you applied for shares in the Vision Infra Equipment Solutions IPO, you can check the allotment status online through the registrar’s website or the NSE website. Link Intime India Private Ltd is the registrar for this IPO.

Steps to Check on Registrar’s Website:

1. Go to the Link Intime India Private Ltd website: https://linkintime.co.in/initial_offer/public-issues.html.
2. Select the Vision Infra Equipment Solutions IPO from the drop-down menu once the allotment process is complete.
3. Enter your Application Number, Demat Account, or PAN details.
4. Choose either ASBA or Non-ASBA as your application type.
5. Provide the required details and click the submit button after completing the captcha.

Steps to Check on NSE Website:

1. Visit the official NSE IPO page at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
2. Sign up with your PAN.
3. Enter your username, password, and captcha code.
4. Once logged in, check the status of your IPO application.

GMP (Grey Market Premium) Today

The latest grey market premium for Vision Infra Equipment Solutions IPO was ₹75. Based on the upper end of the price range (₹163), the expected listing price is around ₹238 per share, reflecting a 46% increase.