Vision Infra Equipment Solutions was incorporated on October 28, 2015. The company provides equipment solutions across airports, smart cities, and other sectors. Its services include renting of road construction equipment and trading and refurbishment of these equipment.
| Bidding Dates |
|---|
| 06 Sep 2024 - 10 Sep 2024 |
| Subscription |
|---|
| 2.91x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 800 | 6.5 M | ₹155 - ₹163 | 70.2 % | ₹1010.0 M - ₹1062.1 M | RHP DOC |
Vision Infra Equipment Solutions Ltd. IPO SUBSCRIPTION STATUS
09 Sep '24Vision Infra Equipment Solutions Ltd. IPO overall subscription rate was 2.91 times the total available shares
Vision Infra Equipment Solutions Ltd. IPO retail subscription rate was 4.06 times in the retail segment
Vision Infra Equipment Solutions Ltd. IPO non-institutional investor subscription rate was 2.21 times in the non-institutional investor category
Vision Infra Equipment Solutions Ltd. IPO Qualified Institutional Bidder subscription rate was 2.32 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Sep 2024 (Day 2) | 4.06x | 2.21x | 2.32x |
06 Sep 2024 (Day 1) | 1.55x | 1.33x | 2.32x |
Vision Infra Equipment Solutions Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 266.9 | 3327.5 | 18.2 | -559.8 | 24.5% |
| FY23 | 91.9 | 3598.1 | 761.5 | 30.5 | 15.5% |
| FY22 | 92.8 | 2945.7 | 175.0 | -290.5 | 11.6% |
Vision Infra Equipment Solutions Ltd. IPO SUBSCRIPTION STATUS DETAILS
Vision Infra Equipment Solutions Ltd. had 6.5 M shares on offer
Vision Infra Equipment Solutions Ltd. IPO offer price was in the range ₹155 - ₹163
Vision Infra Equipment Solutions Ltd. IPO minimum Investment was ₹124000
Vision Infra Equipment Solutions Ltd. IPO issue size was ₹ 1010.0 M - ₹ 1062.1 M
Vision Infra Equipment Solutions Ltd. had a minimum lot size of 800 Shares per application
Vision Infra Equipment Solutions Ltd. NUMBER OF SHARES ON OFFER
Vision Infra Equipment Solutions Ltd. IPO IMPORTANT DATES
| Issue Open Date | 06 Sep 2024 |
| Issue close Date | 10 Sep 2024 |
| Allotment Date | 11 Sep 2024 |
| Refund Date | 12 Sep 2024 |
| Demat Account Credit Date | 12 Sep 2024 |
| Listing Date | 13 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Vision Infra Equipment Solutions Ltd. Allotment Status | Exchange |
Vision Infra Equipment Solutions Ltd. IPO subscription opened on 06 Sep 2024, and closed on 10 Sep 2024
IPO allotment for Vision Infra Equipment Solutions Ltd. was finalized on Wednesday, 11 Sep 2024
IPO listing for Vision Infra Equipment Solutions Ltd. was on NSE on Friday, 13 Sep 2024
Vision Infra Equipment Solutions Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 163.0 |
| Listing Open Price | 205.0 |
| Listing Close Price | 215.3 |
| Listing Gain% | 25.8% |
| Current Gain% | 91.7% |
Vision Infra Equipment Solutions Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vision Infra Equipment Solutions Ltd. | 312.5 | 770.1 | 11.7 | 0.1 | 1.2 | 25.1 | 7.5 | 621.9 | 36.9 | 66 | 93.8 | 26.8 | 93.8 |
| Sagility Ltd. | 43.7 | 20443.4 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 355.8 | 15376.2 | 25.2 | 1 | 11.3 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 29.4 | 6855.8 | 16.4 | 0 | 6.2 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 435 | 6146.2 | 41.9 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 538.8 | 4462.3 | 38.8 | 1.5 | 6 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Vision Infra Equipment Solutions Ltd. INFORMATION ON IPO ISSUE
About Vision Infra Equipment Solutions Ltd.
Vision Infra Equipment Solutions was incorporated on October 28, 2015. The company provides equipment solutions across airports, smart cities, and other sectors. Its services include renting of road construction equipment and trading and refurbishment of these equipment.
Object of the Issue
- Funding capital expenditure towards purchase of additional equipment.
- Funding to meet working capital requirements.
- General corporate purpose.
Vision Infra Equipment Solutions Ltd. - PROMOTERS
| Name |
|---|
| Sachin Vinod Gandhi |
| Chetan Vinod Gandhi |
| Sameer Sanjay Gandhi |
Vision Infra Equipment Solutions Ltd. Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Vision Infra Equipment Solutions Ltd. Registrar to the issue
Link Intime India Private Limited
visioninfra.smeipo@linkintime.co.in
Vision Infra Equipment Solutions Ltd. Strengths
Vast Customer Base
In FY22, the company served about 95 rental clients, which grew to 133 in FY24, including major infrastructure firms and various road construction contractors
Large Portfolio
The company owns a large and young fleet of road construction equipment. The extensive equipment portfolio allows the company to fulfill orders based on project specifications, delivering quality services efficiently and cost-effectively
Vision Infra Equipment Solutions Ltd. Risks
Few Customers
The company relies heavily on a few key clients, with the top ten customers contributing 62.21% of FY24 revenue. Losing any major client could significantly impact business operations and profitability
Sensitive to Government Spending
The road construction industry, funded by India's Central and State Governments, is sensitive to government infrastructure spending and regulatory changes. Any reduction in government spending could negatively affect the company's business
IPO FAQs
The promoters of the company are Sachin Vinod Gandhi, Chetan Vinod Gandhi and Sameer Sanjay Gandhi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 155.0 - 163.0.
The IPO application opens on Sep 06, 2024 and closes on Sep 10, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 130,400.0.
This IPO will be allotted on Sep 11, 2024.
The refund will be credited to your account on Sep 12, 2024.
The allotted shares will be credited to your demat on Sep 12, 2024.
Vision Infra Equipment Solutions Ltd.’s shares listed on the stock exchanges on Sep 13, 2024.