Vision Infra Equipment IPO: Check the issue size, price band, GMP, among other details

Vision Infra Equipment’s initial public offering (IPO) for SMEs opened for subscription today and will close on September 10. The company aims to raise approximately Rs 106 crore through the IPO and list the shares on the NSE SME platform.

Below are 10 key things investors should know about the public offering before subscribing to the issue.

1) Vision Infra Equipment IPO Size

“The IPO is a greenfield sale of 65.16 lakh shares and through the issue, the company plans to raise Rs 106 crore.

2) Vision Infra Equipment IPO Price Band

The company is offering its shares at a price of Rs 155-163 each, and investors can bid for 800 shares in one lot.

3) GMP Vision Infrastructure Teams

In the unlisted market, the company’s shares had no GMP before the opening of the issue.

4) About vision infrastructure equipment

Vision Infra Equipment is a solutions provider in the equipment spacewhich offers services in airports, smart cities, irrigation systems, buildings and factories, mining, railways and more. Its portfolio includes rental of road construction equipment as well as trading and reconditioning of such equipment.

5) Industry overview

With more than 64.5% of freight traffic and 90% of passenger traffic depending on roads for transport, road sector The Ministry of Road Transport and Highways plays a pivotal role in India’s infrastructure landscape. In the Union Budget 2023-24, the Government of India allocated a substantial amount of Rs 270 billion ($33 billion) to the Ministry of Road Transport and Highways.

6) Vision Infra Equipment financial performance

For the year ended March 2024, the company reported total revenue of Rs 349 crore and net profit of Rs 26.68 crore.

7) Objects of the offer

The net proceeds from the public offering will be used to finance Capital expenditures toward the purchase of additional equipment, working capital requirements, and general corporate purposes.

8) Senior Managers and Registrar

Hem Securities is acting as lead manager to the issue and Link Intime India is the registrar.

9) Structure of the issue

Approximately 50% of the offering is reserved for QIB investors, 35% for retail investors and the remaining 15% for non-institutional investors.

10) Important dates

The initial public offering opened on September 6 and will close on September 10. Final allotment will likely take place on September 11. The company’s shares will likely be listed on the stock exchange on September 13.