The non-institutional investors (NII) category received 180.75 times subscription, while the qualified institutional buyers portion was subscribed 60.94 times. Moreover, the retail individual investors portion received 24.13 times subscription.
The Pune-based company’s IPO will be listed on NSE’s Emerge SME platform.
Last week, the company said it had raised Rs 30.21 crore from anchor investors.
The IPO is a completely fresh issue of 65.16 lakh shares. The company has set a price range of Rs 155-163 per share.
The proceeds from the public issue will be used to fund capital expenditure towards the purchase of additional equipment, to meet working capital requirements and general corporate purposes. Established in 2015, Vision Infra Equipment Solutions offers services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railways, etc. The company has a large fleet of leading OEMs such as WirtgenCase, Luigong, Komatsu, Bharat Benz, Eicher engines and Caterpillar, which is rented to infrastructure companies such as L&T, Ashoka BuildConAfcons Infrastructure, ICONGMR Infraprojects and Tata Projects Ltd.
As of March 31, 2024, the company owns a fleet of 395 road construction equipment.
Hem Securities Ltd is the sole book-running manager, while Link Intime India Pvt Ltd is the registrar to the issue.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.