The IPO of Vision Infra Equipment Solutions is structured as a book-built issue amounting to Rs 106.21 crores. The issue consists entirely of a fresh issuance of 65.16 lakh shares.
Bidding for the Vision Infra Equipment Solutions IPO started on September 6, 2024, and ended on September 10, 2024. The finalization of the allotment for the Vision Infra Equipment Solutions IPO is expected to occur on Wednesday, September 11, 2024. The listing of the Vision Infra Equipment Solutions IPO on NSE SME is anticipated, with the tentative listing date set for Friday, September 13, 2024.
The price band for the Vision Infra Equipment Solutions IPO is set between ₹155 and ₹163 per share. A minimum lot size of 800 shares is required for an application. The minimum investment amount required by retail investors is ₹130,400. For HNI investors, the minimum lot size investment is set at 2 lots (1,600 shares), amounting to ₹260,800.
Refer to Vision Infra Equipment Solutions IPO RHP for brief information.
| IPO Date | September 6, 2024 to September 10, 2024 |
| Listing Date | September 13, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 155 to ₹ 163 / 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) |
| Offer for Sale | |
| Employee Discount | |
| 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 |
Vision Infra Equipment Solutions Limited IPO opens on September 6, 2024, and closes on September 10, 2024.
| IPO Open Date | September 6, 2024 |
| IPO Close Date | September 10, 2024 |
| Basis of Allotment | September 11, 2024 |
| Initiation of Refunds | September 12, 2024 |
| Credit of Shares to Demat | September 12, 2024 |
| Listing Date | September 13, 2024 |
| Cut-off time for UPI mandate confirmation | September 10, 2024 |
A minimum of 800 shares can be bid for by investors, with additional shares being bid in multiples thereof. The table below depicts the minimum and maximum investments by retail investors and HNI, in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | Rs.130,400 |
| Retail (Max) | 2 | 1,600 | Rs.260,800 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 2 | 1,600 | Rs.260,800 |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
A total of 65,16,000 shares are offered in the Vision Infra Equipment Solutions IPO, with 12,36,000 shares (18.97%) allocated to QIB, 9,27,200 shares (14.23%) allocated to NII, 21,63,200 shares (33.2%) allocated to RII, and 18,53,600 shares (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 18,53,600 (28.45%) |
|
| Market Maker Shares Offered | 3,36,000 (5.16%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 12,36,000 (18.97%) |
|
| NII (HNI) Shares Offered | 9,27,200 (14.23%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 21,63,200 (33.2%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 65,16,000 (100%) |
An amount of Rs 30.21 crore has been raised from anchor investors through the Vision Infra Equipment Solutions IPO. The anchor bid date for the Vision Infra Equipment Solutions IPO is set for September 5, 2024.
| Bid Date | 2024-09-05 |
| Shares Offered | 18,53,600 |
| 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 |
In the equipment sector, Vision Infra Equipment Solutions offers solutions for building and manufacturing, trains, smart cities, irrigation, airports, mining, and other applications. Among the services offered by them are the rental of equipment used in road building as well as its trade and refurbishment.
The history of Vision Infra Equipment Solutions began in 1983 as a family-run company that restored commercial trucks. Since then, they have expanded their roots widely and grown in scope and purpose. Their current generational path has led them to concentrate on the leasing, renting, selling, and refurbishing of construction machines, including road construction equipment. In addition, they oversee labor contracts, anticipated crushing, stability of the soil, recycling, milling, and paving.
They have established a solid reputation for providing dependable service and top-notch equipment. They prioritize using simple, uncomplicated company procedures and prioritize their clients. Their specialty is locating equipment at competitive pricing, leasing it to reliable customers around the nation, then selling it at the best possible moment.
In the future, "VIESL" wants to aid in the development of India's infrastructure. They give their clients high-quality machinery that meets their project objectives. They are keen to offer solutions that take social and environmental obligations into account as they advance India.
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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.
The Net Proceeds from the Issue are proposed to be utilized by the Company towards funding the following objects:
- Funding Capital Expenditure towards the purchase of additional equipment
- Funding to meet working capital requirements
- General Corporate Purpose
Vision Infra Equipment Solutions Limited Shop No 401-405, Bhawani, |
Link Intime India Private Ltd Phone: +91-22-4918 6270 |
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