| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹106.21 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹106.21 Cr |
| Fresh Issue | ₹100.73 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน155.00-163.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | VIESL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 800 shares and in multiples thereof
Vision Infra Equipment Solutions Limited was founded in 2015 and provides services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railroads, etc.
The company's 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: (i) time-based pricing and (ii) output-based pricing. Under the time-based pricing model, customers pay for the equipment based on its use or period of use, which is primarily a fixed fee. In contrast, under output-based pricing, the customer pays for the service based on the results or outcomes achieved by the service provided.
The company has a large fleet of equipment from major OEMs such as Wirtgen, Case, Luigong, Dynapac, Komatsu, Atlas Copco, Ashok Leyland, Bharat Benz, Eicher Motors, Volvo, Terex Power Screen, Caterpillar, Metro, BOMAG, etc., which is leased out to infrastructure companies: Larsen & Toubro, Ashoka Buildcon Ltd, Afcons Infrastructure Ltd, NCC Ltd, GMR Infraprojects Ltd, Shapoorji Pallonji, Dilip Buildcon Ltd, Tata Projects Ltd, ITD Cementation India Limited, HG Infra Engineering Ltd, IRB Infra Developers Ltd, GR Infra Projects Ltd, etc. As of November 30, 2023, the company owned a fleet of 326 road construction machines.
As of March 31, 2024, the Company employed around 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards purchase of additional equipment | 46.81 |
| 2 | Funding to meet working capital requirements | 36.50 |
| 3 | General Corporate Purpose. | 13.97 |
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 361.34 |
| Total Income | 349.66 |
| Profit After Tax | 26.69 |
| NET Worth | 23.46 |
| Reserves and Surplus | 6.16 |
| Total Borrowing | 264.28 |
| Amount in ₹ Crore | |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 130.95% |
| ROCE | 28.29% |
| Debt / Equity | 11.26% |
| RoNW | 113.75% |
| PAT Margin | 8.02% |
| Price to Book Value | 12.02 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 5.31 | 9.73 |
| P/E (x) | 30.69 | 16.75 |
| Promoter Holding | 95.44% | 70.2% |
| Market Cap | โน388.20 Cr. | |