Bookbuilding IPO | ₹106 Cr | Listed at NSE SME | Fri, Sep 6, 2024 - Tue, Sep 10, 2024
Vision Infra Equipment IPO is a book build issue of ₹106.21 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹106.21 crore.
Vision Infra Equipment IPO bidding started from Sep 6, 2024 and ended on Sep 10, 2024. The allotment for Vision Infra Equipment IPO was finalized on Sep 11, 2024. The shares got listed on NSE SME on Sep 13, 2024.
Vision Infra Equipment IPO price band is set at ₹163 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,30,400 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,60,800.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Vision Infra Equipment IPO RHP for detailed Information.
IPO Open
Fri, Sep 6, 2024
IPO Close
Tue, Sep 10, 2024
Issue Price
₹163 per share
Market Cap (Pre-IPO)
₹388.20 Cr
| IPO Date | 6 to 10 Sep, 2024 |
| Listed on | Fri, Sep 13, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹155 to ₹163 |
| Issue Price | ₹163 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,16,000 shares (agg. up to ₹106 Cr) |
| Reserved for Market Maker | 3,36,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 61,80,000 shares (agg. up to ₹101 Cr) |
| Net Offered to Public | 61,80,000 shares (agg. up to ₹101 Cr) |
| Share Holding Pre Issue | 1,73,00,000 shares |
| Share Holding Post Issue | 2,38,16,000 shares |
| NSE Symbol | VIESL |
| ISIN | INE0TR001017 |
Vision Infra Equipment IPO comprises a total issue size of 65,16,000 shares. The net offer to the public is 61,80,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 30,89,600 (49.99%) are allocated to QIB, 9,27,200 (15.00%) allocated to NII 21,63,200 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,89,600 | 49.99% | 47.42% |
| − Anchor Investor Shares Offered | 18,53,600 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 12,36,000 | 18.97% | |
| NII (HNI) Shares Offered | 9,27,200 | 15.00% | 14.23% |
| Retail Shares Offered | 21,63,200 | 35.00% | 33.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.16% | |
| Total Shares Offered | 65,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,30,400 |
| Retail (Max) | 1 | 800 | ₹1,30,400 |
| HNI (Min) | 2 | 1,600 | ₹2,60,800 |
Vision Infra Equipment IPO raises ₹30.21 crore from anchor investors. Vision Infra Equipment IPO Anchor bid date is September 5, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 5, 2024 |
| Shares Offered | 18,53,600 |
| Anchor Portion (₹ Cr.) | 30.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 11, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 10, 2024 |
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 | 361.34 |
| Total Income | 349.66 |
| Profit After Tax | 26.69 |
| NET Worth | 23.46 |
| Reserves and Surplus | 6.16 |
| Total Borrowing | 264.28 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional equipment | 46.81 |
| 2 | Funding to meet working capital requirements | 36.50 |
| 3 | General Corporate Purpose. | 13.97 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 130.95% |
| ROCE | 28.29% |
| Debt/Equity | 11.26 |
| RoNW | 113.75% |
| PAT Margin | 8.02% |
| Price to Book Value | 12.02 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.31 | 9.73 |
| P/E (x) | 30.69 | 16.75 |
| Promoter Holding | 95.44% | 70.2% |
| Market Cap | ₹388.20 Cr. |
The Vision Infra Equipment Solutions IPO is subscribed 68.14 times on September 10, 2024 6:18:02 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 60.94 | 12,36,000 | 7,53,27,200 |
| NII* | 180.39 | 9,27,200 | 16,72,57,600 |
| Retail | 24.14 | 21,63,200 | 5,22,15,200 |
| Total | 68.14 | 43,26,400 | 29,48,00,000 |
Total Application : 65,269
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 4.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.62 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.07 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.08 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses) | 3.87 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹163.00 |
| Open | ₹205.00 |
| Low | ₹200.00 |
| High | ₹215.25 |
| Last Trade | ₹215.25 |
Lead Manager Reports
Vision Infra Equipment IPO is a SME IPO of 65,16,000 equity shares of the face value of ₹10 aggregating up to ₹106 Crores. The issue is priced at ₹163 per share. The minimum order quantity is 800.
The IPO opens on Fri, Sep 6, 2024, and closes on Tue, Sep 10, 2024.
MUFG Intime India Pvt.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 IPO using UPI as a payment gateway. Zerodha customers can apply in Vision Infra Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vision Infra Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vision Infra Equipment IPO opens on Fri, Sep 6, 2024 and closes on Tue, Sep 10, 2024.
Vision Infra Equipment IPO lot size is 800, and the minimum amount required for application is ₹1,30,400.
You can apply in Vision Infra Equipment IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vision Infra Equipment IPO will be done on Wednesday, September 11, 2024, and the allotted shares will be credited to your demat account by Thu, Sep 12, 2024. Check the Vision Infra Equipment IPO allotment status.
The Vision Infra Equipment IPO listing date is on Fri, Sep 13, 2024.
