Vision Infra Equipment Solutions Limited

06 Sep 2024 - 10 Sep 2024 Individual Category SME NSE

Min Investment

₹130400

Price Band

₹155-₹163

Issue Size

46.62 lakhs
Equity Shares

Lot Size

800

IPO Dates
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06 Sep 2024

Open Date

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10 Sep 2024

Close Date

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11 Sep 2024

Allotment Date

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13 Sep 2024

Listing Date

Vision Infra Equipment Solutions IPO is open for subscription starting Friday, September 6, 2024, and closing on Tuesday, September 10, 2024. This upcoming IPO's price is Rs 155 to Rs 163 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,30,400 (163 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,60,800 (163 x 1600 shares). Vision Infra Equipment Solutions IPO is a book-built issue of Rs 106.2 crores. This upcoming IPO is an entirely fresh issue of 65.16 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 11, 2024. Vision Infra Equipment Solutions IPO will be listed on NSE SME on Friday, September 13, 2024. Hem Securities Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Hem Finlease is the market maker for this IPO. 

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About Vision Infra Equipment Solutions Limited

Vision Infra Equipment Solutions Limited was founded in 2015, engaged in the business of providing services in the fields of airport, smart cities, irrigation, factories, railroads etc. Vision Infra Equipments 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 - 1) Time-based pricing and 2) Output-based pricing. In the time-based pricing model, customers pay for the equipment based on its use or period of use, which is primarily a fixed fee. However, in the  output-based pricing, the customer pays for the service based on the results or outcomes achieved by the service provided. As per the latest data available, the company has a team of 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.

Founded

2015

Managing Director

Sachin Vinod Gandhi, Chetan Vinod Gandhi and Sameer Sanjay Gandhi

Parent Organization

IPO Objectives

The money raised through this IPO will be used in funding the capital expenditure requirements toward the purchase of additional equipment. Also to meet the day-to-day capital requirements of the company.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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