Vision Infra Equipment Solutions IPO Subscription Status

Vision Infra Equipment Solutions' initial public offering (IPO) has garnered moderate investor interest, with subscription rates climbing steadily over the three days. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 3.37 times oversubscription by the close of day three. This response indicates a cautious but positive market appetite for Vision Infra Equipment Solutions' shares and sets the stage for its upcoming listing.

The IPO, which opened on 6th September 2024, has seen increasing investor participation across all categories. The Qualified Institutional Buyers (QIB) segment has shown the strongest demand, while the Retail and Non-Institutional Investors (NII) categories have also demonstrated growing interest.

This response to Vision Infra Equipment Solutions' IPO comes amid the current sentiment in the Indian stock market, particularly towards infrastructure equipment and services companies. The company's focus on providing rental services for road construction machines and related services appears to have attracted the attention of investors looking for exposure to India's infrastructure development sector.

Subscription Status of Vision Infra Equipment Solutions IPO for Days 1, 2, and 3:

On day 1, Vision Infra Equipment Solutions IPO was subscribed 2.08 times. By the end of day 2, the subscription status had risen to 3.10 times; on day 3, it reached 3.37 times.

Here are the subscription details for Vision Infra Equipment Solutions IPO as of Day 3 (10th September 2024 at 10:15:58 AM):

Total Applications: 9,562

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors is not included in the total number of shares offered.
• *** Market Maker portion is not included to NII/HNI.

Key Highlights:

• The IPO of Vision Infra Equipment Solutions is currently subscribed 3.37 times, with moderate demand across investor categories.
• Qualified Institutional Buyers (QIB) have shown the strongest interest, with a subscription ratio of 4.38 times.
• Retail investors have demonstrated growing enthusiasm, with a subscription ratio of 3.54 times.
• Non-Institutional Investors (NII) have shown moderate interest, with a subscription ratio of 1.66 times.
• The overall subscription trend steadily increases day-on-day, indicating growing investor confidence towards the issue.

Vision Infra Equipment Solutions IPO - Day 2 Subscription at 3.10 Times

Key Highlights:

• On Day 2, Vision Infra Equipment Solutions' IPO was subscribed 3.10 times, with consistent demand from Qualified Institutional Buyers (QIB).
• Retail investors showed increased interest with a subscription ratio of 3.13 times, more than doubling their subscription from the previous day.
• Non-Institutional Investors (NII) showed slightly increased interest with a subscription ratio of 1.31 times.
• Qualified Institutional Buyers (QIB) maintained their strong interest with a subscription ratio of 4.38 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing increased participation.

Vision Infra Equipment Solutions IPO - Day 1 Subscription at 2.08 Times

Key Highlights:

• The IPO of Vision Infra Equipment Solutions was subscribed 2.08 times on Day 1, with strong initial demand from Qualified Institutional Buyers (QIB).
• QIB investors showed early interest with a subscription ratio of 4.38 times, indicating positive sentiment among institutional investors.
• Retail investors showed moderate initial interest with a subscription ratio of 1.22 times.
• Non-Institutional Investors (NII) showed initial interest with a subscription ratio of 1.01 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Vision Infra Equipment Solutions IPO:

Vision Infra Equipment Solutions Limited, founded in 2015, provides services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railroads, and more. The company's service portfolio includes the rental of road construction machines as well as the trade and reconditioning of these machines.

Key features of Vision Infra Equipment Solutions:

• Offers road construction machinery rental with time-based and output-based pricing models
• Large fleet of 326 road construction machines as of 30th November 2023
• Equipment from major OEMs such as Wirtgen, Case, Luigong, Dynapac, Komatsu, and others
• Serves major infrastructure companies including Larsen & Toubro, Ashoka Buildcon Ltd, Afcons Infrastructure Ltd, and more
• As of 31st March 2024, employed around 227 permanent employees and 763 contract employees

Highlights of the Vision Infra Equipment Solutions IPO:

• IPO Date: 6th September 2024 to 10th September 2024
• Listing Date: 13th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹155 to ₹163 per share
• Lot Size: 800 Shares
• Total Issue Size: 6,516,000 shares (aggregating up to ₹106.21 Cr)
• Fresh Issue: 6,516,000 shares (aggregating up to ₹106.21 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Hem Finlease