Breaking News from India Press Live: Vision Infra Equipment IPO Sees Massive Oversubscription
 "Vision Infra IPO Skyrockets with 63.3x Subscriptions")
The company has fixed a price band of Rs 155-163 per share.
Vision Infra Equipment Solutions had an incredible success on its IPO’s closing day, experiencing a monumental subscription rate. According to the latest data from the NSE, the company’s initial share sale received a jaw-dropping 63.30 times the number of shares available.
The Rs 106.21 crore IPO saw total bids amounting to 29,51,36,000 shares, which is a stark contrast to the 46,62,400 shares on offer.
High Demand Across Investor Categories
Each investor category showed significant interest in Vision Infra Equipment Solutions. Non-Institutional Investors (NIIs) led the charge with an astonishing 180.75 times subscription. Qualified Institutional Buyers weren’t far behind, subscribing 60.94 times, while retail individual investors also showed robust participation with a 24.13 times subscription rate.
Listing on NSE’s SME Platform of Vision Infra IPO
The Pune-based company plans to list its IPO on the NSE’s SME platform, Emerge. This platform is known for providing opportunities for small and medium-sized enterprises, which aligns well with Vision Infra’s business model and growth trajectory.
Raised Funds from Anchor Investors of Vision Infra IPO
Just last week, Vision Infra raised Rs 30.21 crore from anchor investors, signaling strong initial confidence. This backing was crucial for setting the stage for the IPO’s impressive performance.
Purpose of the Vision Infra IPO
The IPO consists entirely of a fresh issue, offering 65.16 lakh shares. The company has set the price band between Rs 155 and Rs 163 per share. The funds raised will be used to:
- Fund capital expenditures such as additional equipment.
- Meet working capital requirements.
- Serve general corporate purposes.
Company Background of Vision Infra
Founded in 2015, Vision Infra Equipment Solutions has made significant strides in various sectors, including airports, smart cities, irrigation, buildings and factories, mining, and railroads. With a diverse portfolio, the company has built a strong foundation for future growth.
Equipment and Partnerships of Vision Infra IPO
The firm boasts a large fleet of equipment from well-known manufacturers such as Wirtgen, Case, Luigong, Komatsu, Bharat Benz, Eicher Motors, and Caterpillar. This equipment is leased out to major infrastructure companies like L&T, Ashoka Buildcon, Afcons Infra, NCC, GMR Infraprojects, and Tata Projects Ltd.
As of March 31, 2024, Vision Infra owns a notable fleet of 395 road construction equipment. This extensive collection underscores the company’s capabilities and market reach.
Managing the Vision Infra IPO
Hem Securities Ltd is serving as the sole-book running lead manager for this issue. Meanwhile, Link Intime India Pvt Ltd has taken on the role of registrar, ensuring that all administrative and compliance aspects are handled smoothly.
Conclusion
This overwhelming subscription indicates investor confidence in the company’s future prospects. With substantial interest from all investor categories, Vision Infra Equipment Solutions is poised for a promising start on the NSE’s SME platform. The funds raised through this IPO will be pivotal in driving the company’s growth plans and expanding its market presence.
This monumental subscription for Vision Infra Equipment Solutions marks a significant milestone not only for the company but also for the NSE’s SME platform, highlighting the potential of small and medium-sized enterprises in the Indian market.