Vision Infra Equipment Solutions Limited Sets Stage for Rs 106.21 Crore SME IPO

Since 2015, Vision Infra Equipment Solutions Limited has been instrumental in various infrastructure sectors. The company plans to raise Rs 106.21 crores through its upcoming IPO, with a price band of Rs. 155-163 per share. Subscription dates are September 6-10, 2024, with listing on September 13, 2024.

Since 2015, Vision Infra Equipment Solutions Limited has played a pivotal role in sectors including highways, airports, smart cities, and railways. Positioned for its Initial Public Offering (IPO), the company aims to raise Rs 106.21 crores by issuing 65,16,000 new shares.

The price band for the SME IPO has been set between Rs. 155 to Rs. 163 per share. Open for subscription from September 6 to September 10, 2024, the shares will be listed on the NSE SME on September 13, 2024. Hem Securities Limited serves as the lead manager, while Link Intime India Private Ltd is the registrar.

Proceeds will fund capital expenditure for additional equipment, working capital requirements, and general corporate purposes. Shares are expected to be allotted on September 11, 2024, and credited to demat accounts on September 12, 2024. The IPO allocates 50% for QIB, 35% for retail investors, and 15% for the NII segment.

Retail investors must invest a minimum of Rs. 1.304 lakh for 800 shares, while HNIs must bid for at least two lots costing Rs. 2.608 lakh. The company's reported revenue for FY24 is Rs. 349 crores with a PAT of Rs. 26.68 crores.

Vision Infra Equipment Solutions Limited offers services like machinery rental for road construction and trading and reconditioning these machines. Known for quality and modern machinery, the company is trusted by numerous leading firms in India, contributing to several prestigious projects nationwide.

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(With inputs from agencies.)