Vision Infra Equipment Solutions Ltd IPO Timeline

Vision Infra Equipment Solutions Ltd IPO opens on 06-Sep-2024, and closes on 10-Sep-2024. The Vision Infra Equipment Solutions Ltd IPO bid date is from 06-Sep-2024 to 10-Sep-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Vision Infra Equipment Solutions Ltd IPO Opening Date 06-Sep-2024
Vision Infra Equipment Solutions Ltd IPO Closing Date 10-Sep-2024
Basis of Allotment 11-Sep-2024
Initiation of Refunds 12-Sep-2024
Credit of Shares to Demat 12-Sep-2024
Vision Infra Equipment Solutions Ltd IPO Listing Date 13-Sep-2024

Vision Infra Equipment Solutions Ltd IPO Lot Size

Vision Infra Equipment Solutions Ltd IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or 130400).

Application Lots Shares Amount
Minimum 1 800 ₹130400
Maximum 1 800 ₹130400

Vision Infra Equipment Solutions Ltd IPO Details

Vision Infra Equipment Solutions Ltd IPO Date 06-Sep-2024 to 10-Sep-2024
Vision Infra Equipment Solutions Ltd IPO Face Value Shares of ₹10 per share
Vision Infra Equipment Solutions Ltd IPO Price ₹155 to ₹163 per share
Vision Infra Equipment Solutions Ltd IPO Lot Size 800
Issue Size Shares of ₹10 (aggregating up to ₹106.21 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹106.21 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Sachin Vinod Gandhi, Chetan Vinod Gandhi, Sameer Sanjay Gandhi.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding capital expenditure towards purchase of additional equipment
  • 2 Funding to meet working capital requirements
  • 3 General corporate purposes

Company Financials

Vision Infra Equipment Solutions Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
Amount in ₹ Crore
  • The Company owns a large and young fleet of road construction equipment.
  • Wide presence in domestic market with vast customer base.
  • Leverage its capabilities to capture strong industry tailwinds and growth prospects for road infrastructure.
  • In house execution team and established track record.
  • Order Book for road construction activities across India.
  • Experienced Promoters and senior management team.
  • Stable financial performance.
  • Its business is capital intensive in nature. If the company is unable to raise additional funds whenever required, or on terms acceptable to it, the company may be required to scale down or abandon its expansion & growth plans and/or reduce capital expenditures and the size of its operations, any of which could materially and adversely affect its business, financial position and results of operations.
  • The company generates a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company's business operations and profitability.
  • The construction equipment industry is sensitive to changing economic conditions and various other factors. Any decline in demand for these equipment may adversely impact its business prospects and results of operations.
  • The road construction industry is sensitive to the government infrastructure spending or regulatory changes. Any decline in government infrastructure spending may adversely impact its business prospects and results of operations.
  • Margins earned from its rental services and refurbishment may be impacted by pricing guidelines set by its customers or by the company's OEMs for supply of spare parts and accessories which may adversely affect its financial condition and results of operations.
  • The Pro Forma Financial Information included in this Draft Red Herring Prospectus is not indicative of its expected results or operations in the future periods or its future financial position or a substitute for the company past results.
  • The Company is dependent on limited number of suppliers. Any delay or failures on the part of such suppliers to deliver equipment at acceptable prices, may adversely affect its business, profitability and reputation.
  • The company is subject to the significant influence of, and restrictions imposed by its OEMs that may adversely impact the company business, results of operations, financial condition and prospects.
  • The company derives a significant portion of its revenue from trading and refurbishment activities, for which the company has to relies on third parties.
  • Changes in technology render its current fleet of equipment obsolete and requires the company to make substantial capital investments.
  • Its may fails to successfully implement its growth strategy, which includes acquiring existing orders for rental business, diversifying the company portfolio and penetrating deeper into existing geographic locations which may adversely affect its financial condition and results of operations.
  • Its operations are subject to various governmental laws and regulations and certain state specific notifications and guidelines. If the company is found to be in violation of or subject to liabilities under any of these laws or regulations, or if new laws or regulations are enacted that adversely affect its operations, the company's business, operating results, and prospects could suffer.
  • The agreements governing its indebtedness contain certain restrictive covenants which could adversely affect its financial condition and results of operations.
  • Its success depends upon the company's ability to attract, develop and retain trained manpower while also maintaining low labour costs.
  • Its plan relating to establishment of the company new refurbishment unit is subject to the risk of unanticipated delays in implementation and cost overruns.
  • Its business is subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.
  • The company may be unable to detect, deter and prevent instances of theft, breakage or damage of its equipment stationed at the client location, which may have a material adverse effect on its business, results of operations and financial conditions.
  • Its business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company revenue and results of operations.
  • Its business is working capital intensive. If the company is experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.
  • The company derives a certain portion of its income from profit on sale of fixed assets.
  • Its Order Book may not be representative of the company's future results and its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect itsr results of operations.
  • Increase in the prices of raw materials, fuel and labour could have an adverse effect on its business, results of operations and financial condition.
  • There are outstanding legal proceedings involving the Company which may adversely affect its business, financial conditions, and results of operations.
  • The Company is in process of transferring secured loan from partnership firm to public Company. Any delay/ nontransfer of secured loans could impact the reputation and financial position of the Company to that extent.
  • The Company has been recently formed by conversion of the erstwhile partnership firm into the company, thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
  • The company is subject to risks arising from interest rate fluctuations, which could reduce the profitability of its projects and adversely affect the company's business, financial condition and results of operations.
  • Its operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.
  • The company is required to furnish bank guarantees as part of its business. Its inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.
  • Its Registered Office is located on leased premises. If the company is unable to renew these leases or relocate on commercially suitable terms, it may have a material adverse effect on its business, results of operation and financial condition.
  • The company has certain contingent liabilities that have not been provided for in its restated financial statements, which if realized, could adversely affect its financial condition.
  • The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate its business and implement the company's growth plans, thereby affecting its financial condition.
  • Its operations are dependent on a significant number of contract labour and an inability to access adequate labour at reasonable costs at its sites across India may adversely affect the company's business prospects and results of operations.
  • The company has not received No Objection Certificate from all the lenders of term loans to the company.
  • The company is dependent upon the experience of its management team and a number of KMP and senior management personnel. If the company is unable to attract or retain such team, this could adversely affect its business, results of operations and financial condition.
  • The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
  • Unsecured loans taken by it can be recalled at any time.
  • Its inability to respond adequately to increased competition in the company's business may adversely affect its business, financial condition and results of operations.
  • Some of its Group Companies and Promoter Group Entities operates in the same line of business as it, which may lead to conflict of interest.
  • Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
  • Industry information included in this Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.
  • The Company has in the past entered into related party transactions with its Directors, Promoters and Promoter Group members/ entities and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • Its lenders have charge over the company movable properties in respect of finance availed by it.
  • Its Promoters and promoter group members are co-applicant in the loan facilities obtained by the Company, and any failures or default by the Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations and thereby, impact its business and operations.
  • Its insurance coverage may not adequately protect the company against all losses or the insurance cover may not be available for all the losses as per the insurance policy, which could adversely affect business, results of operations and financial condition.
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • Its Promoters and Promoter Group will continue to retain significant control in the Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
  • Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • Its employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements.
  • The company is exposed to the risks of malfunctions or disruptions of information technology systems.
  • Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and may be subject to change based on various factors, some of which are beyond its control.
  • Its Promoters and Promoter Group Members have provided guarantees for loans availed by it, and in the event the same is enforced against them, it could adversely affect its Promoters' ability to manage the affairs of the Company.
  • Its may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy its capital needs, which its may not be able to procure and any future equity offerings by the company.
  • The Issue price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • Certain data mentioned in this Red Herring Prospectus has not been independently verified.
  • QIBs and Non-Institutional Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid and Retail Individual Investors are not permitted to withdraw their Bids after Bid/Issue Closing Date.
  • Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.
  • Expansion of its geographical footprint.
  • Continue to enhance its core strengths by attracting, retaining and training skilled personnel and process up gradation.
  • Foster Strong relationship with suppliers and customer and expand its customer base.
  • Continue to focus on building young fleet of equipment with quick equipment turnover.
  • Cost effective procurement.
  • Focus on timely fulfilment of orders.

Vision Infra Equipment Solutions Ltd IPO Promoter Holding

Pre Issue Share Holding 94.5%
Post Issue Share Holding 69.51%

Vision Infra Equipment Solutions Ltd IPO Subscription Status (Bidding Detail)

The Vision Infra Equipment Solutions Ltd IPO is subscribed 63.3013 times on Sep 10, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 63.3013

Vision Infra Equipment Solutions Ltd IPO Prospectus

Vision Infra Equipment Solutions Ltd IPO Listing Date

Listing Date 13 Sep 24
BSE Script 93130
NSE Symbol VIESL
Listing In NSE - SME
ISIN INE0TR001017
IPO Price ₹163
Face Value ₹10

Vision Infra Equipment Solutions Ltd IPO Registrar

Link Intime India Pvt Ltd

Phone: +91 810 811 4949
Email: visioninfra.smeipo@linkintime.co.in
Website: www.linkintime.co.in

Vision Infra Equipment Solutions Ltd IPO Lead Manager(s)

  1. Hem Securities Ltd

FAQs on Vision Infra Equipment Solutions Ltd IPO

Vision Infra Equipment Solutions Ltd IPO, which opens for subscription from 06-Sep-2024 to 10-Sep-2024 has an issue size of ₹106.21 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Vision Infra Equipment Solutions Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Vision Infra Equipment Solutions Ltd IPO Opens for subscription from 06-Sep-2024 to 10-Sep-2024.

The lot size of Vision Infra Equipment Solutions Ltd is 800 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹130400 and ₹130400 respectively.

Allotment date for Vision Infra Equipment Solutions Ltd is 11-Sep-2024 and refund of application amount (in case allotment is not received) will begin from 12-Sep-2024. If your allotment goes through, then shares will be credited in your Demat account by 12-Sep-2024.

The registrar for Vision Infra Equipment Solutions Ltd IPO is Link Intime India Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Vision Infra Equipment Solutions Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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