Vision Infra Equipment Solutions is scheduled to hit the market on September 6, 2024 and close on September 10, 2024. Vision Infra Equipment Solutions plans to raise around ₹106.21 Cr through an IPO with a sale of up to 6,516,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Vision Infra Equipment Solutions was established in 2015 and offers services in various sectors, including airports, smart cities, irrigation, buildings, factories, mining, and railroads. The company specializes in renting out road construction machines and also trades and refurbishes them. There are two pricing models for renting these machines: time-based pricing, where customers pay a fixed fee based on how long they use the equipment, and output-based pricing, where customers pay according to the results achieved from the service.
The company has a large fleet of 326 road construction machines from well-known manufacturers like Wirtgen, Case, and Caterpillar. These machines are leased to major infrastructure companies such as Larsen & Toubro and GMR Infraprojects. As of March 31, 2024, Vision Infra employed around 227 permanent staff and 763 contract workers, including roles like operators, drivers, engineers, and supervisors, all essential for its operations.
Vision Infra Equipment Solutions IPO Details
Vision Infra Equipment Solutions IPO opens on September 6, 2024, and closes on September 10, 2024. The Listing date for Vision Infra Equipment Solutions IPO is on September 13, 2024. The price band for IPO is ₹155 to ₹163 per share and lot size of 800 Shares.
| IPO Date | September 6, 2024 to September 10, 2024 |
| Listing Date | September 13, 2024 |
| Price | ₹155 to ₹163 per share |
| Lot Size | 800 Shares |
| Issue Size | ₹106.21 Cr |
| Face Value | ₹10 per share |
Vision Infra Equipment Solutions IPO Tentative Timetable
Vision Infra Equipment Solutions opening date is September 6, 2024 and close date is September 10, 2024. The IPO allotment date is September 11, 2024. Therefund initiation of IPO is on September 12, 2024. The credit of shares in demat account is on September 12, 2024. The listing date is on September 13, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 6, 2024 |
| IPO Closing | September 10, 2024 |
| IPO Allotment Date | September 11, 2024 |
| Refund Initiation | September 12, 2024 |
| Shares Credit to Demat | September 12, 2024 |
| Lisiting Date | September 13, 2024 |
Vision Infra Equipment Solutions IPO Lot Size
Lot Size of this IPO is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹130,400).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 800 | ₹130,400 |
| Retail(Maximum) | 1 | 800 | ₹130,400 |
| HNI (Minimum) | 2 | 1600 | ₹260,800 |
Vision Infra Equipment Solutions IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Vision Infra Equipment Solutions IPO Review
The company is launching its first IPO through a book-building process, offering 6,516,000 equity shares with a face value of Rs. 10 each. The goal is to raise Rs. 106.21 crore at the highest price. The price range for the shares is set between Rs. 155 and Rs. 163 each.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 305.10 cr. / Rs. 9.28 cr. (FY22), Rs. 368.90 cr. / Rs. 9.19 cr. (FY23), (and on a consolidated basis) Rs. 349.66 cr. / Rs. 26.69 cr. (FY24). FY24 consolidated numbers has surprises in store as it marked bumper net earnings on lower top line. It also marked higher other income of Rs. 16.91 cr. for the said period.
For the last three fiscals, it has reported an average EPS of Rs. 10.38, and an average RoNW of 73.23%. The issue is priced at a P/BV of 12.02 based on its NAV of Rs. 13.56 as of March 31, 2024, and at a P/BV of 2.85 based on its post-IPO NAV of Rs. 57.25 per share (at the upper cap).
If we attribute FY24 consolidated earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 15.05, and on standalone basis FY23 earnings, the P/E stands at 43.70. Thus the issue relatively appears fully priced.
For the reported periods, the company has posted PAT margins of 3.15% (FY22), 2.55% (FY23), 8.02% (FY24), but it is missing RoCE margins data for the referred periods.
The company provides equipment solutions for infrastructure projects. Its revenue has been nearly the same for the last three years. However, there was a significant increase in its profits for FY24 (combined figures). Given this, the stock seems to be fully valued. Savvy investors might consider investing for the long term.
Vision Infra Equipment Solutions IPO Subscription Status (Bidding Details)
Table not foundVision Infra Equipment Solutions IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Vision Infra Equipment Solutions IPO FAQs
What is Vision Infra Equipment Solutions IPO?
Vision Infra Equipment Solutions is issuing 6,516,000 equity shares with a face value of ₹10 each, totaling up to ₹106.21 Cr. The shares are being offered at a price of ₹155 to ₹163 each, with a minimum order quantity of 800 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Vision Infra Equipment Solutions IPO will open?
Vision Infra Equipment Solutions will open on September 6, 2024 for QIB, NII, and Retail Investors.
When Vision Infra Equipment Solutions IPO will end?
Vision Infra Equipment Solutions will end on September 10, 2024.
What is Vision Infra Equipment Solutions IPO Size?
Vision Infra Equipment Solutions IPO size is ₹106.21 Cr.
What is Vision Infra Equipment Solutions IPO Price Band?
Vision Infra Equipment Solutions price band is ₹155 to ₹163 per share.
What is the Vision Infra Equipment Solutions IPO Allotment Date?
Vision Infra Equipment Solutions allotment date is September 11, 2024.
What is the Vision Infra Equipment Solutions IPO Listing Date?
Vision Infra Equipment Solutions listing date is September 13, 2024. The IPO is to be listed on BSE and NSE.
How to Vision Infra Equipment Solutions IPO through Zerodha?
To apply for the IPO “Vision Infra Equipment Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Vision Infra Equipment Solutions IPO through Upstox?
To apply for the IPO “Vision Infra Equipment Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Vision Infra Equipment Solutions IPO Allotment Status?
For Vision Infra Equipment Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Vision Infra Equipment Solutions IPO GMP?
You can check out here: Vision Infra Equipment Solutions IPO GMP. Check all IPO GMP here