The initial public offering (IPO) for Vision Infra Equipment Solutions began on September 6 and will end on September 10. The company has set a price range of ₹155-163 per share, with each share having a face value of ₹10. Investors can apply for a minimum of 800 shares in one lot.
Founded in 2015, Vision Infra Equipment Solutions offers various services related to infrastructure. Their projects include work in airports, smart cities, irrigation, mining, railroads, and other sectors. The company is known for its expertise in equipment and infrastructure solutions.
IPO Details:
- Issue Period: September 6 to September 10, 2024
- Price Range: ₹155-163 per share
- Face Value: ₹10 per share
- Minimum Lot Size: 800 shares
- Total Shares Available: 6,516,000 equity shares
Subscription Status:
On the first day of the IPO, the overall subscription stood at 33%. The breakdown is as follows:
- Retail Investors: 60% subscribed
- Non-Institutional Investors (NIIs): 12% subscribed
- Qualified Institutional Buyers (QIBs): No subscriptions yet
The company received bids for 14,11,200 shares out of the 43,26,400 shares available, according to data from chittorgarh.com.
- Qualified Institutional Buyers (QIBs): 50% of the shares
- Retail Investors: 35% of the shares
- Non-Institutional Investors (NIIs): 15% of the shares
For retail investors, the minimum investment is ₹1.304 lakh, based on buying one lot of 800 shares at the upper price band of ₹163 per share. High-net-worth individuals (HNIs) need to invest in at least two lots, totaling 1,600 shares, which would require an investment of ₹2.608 lakh at the upper price band.
IPO Timeline:
- Share Allotment: Expected on September 11, 2024
- Shares in Demat Accounts: Expected on September 12, 2024
The grey market premium (GMP) for the Vision Infra Equipment Solutions IPO is currently ₹0. This means that the shares are being traded at their issue price of ₹163, with no premium or discount in the grey market according to investorgain.com.
The Vision Infra Equipment Solutions IPO is attracting interest as it moves through its subscription period. With a focus on infrastructure and a diverse range of services, the company presents an interesting opportunity for investors. Monitoring the IPO’s progress and the company’s future prospects will be crucial for making informed investment decisions.
