Vision Infra Equipment Solutions Limited (VIESL) is gearing up for a significant IPO offering a total of 65.16 Lakh Shares valued at ₹106.21 Crores. Known for its diverse services in equipment rental and refurbishment across various sectors, VIESL is poised to attract significant investor interest.

IPO Structure and Subscription Details: The VIESL IPO features a Fresh Issue of shares with no offer for sale component. The subscription period starts on September 06, 2024, and ends on September 10, 2024. Allotment is expected to be completed by September 11, 2024, with shares listing on the NSE SME around September 13, 2024.

The share price band for the IPO is set between ₹155 to ₹163 per equity share. For retail investors, the minimum investment required is ₹130,400, corresponding to a minimum lot size of 800 shares. High-Net-Worth Individuals (HNIs) are required to invest in at least 2 lots (totaling 1,600 shares), amounting to ₹260,800.

Grey Market Premium: The Grey Market Premium (GMP) for the VIESL IPO is estimated to range between ₹50 to ₹55. While GMP provides an indication of potential listing gains, it's important to understand that it is not a guaranteed predictor of the final listing price. GMP is based on market demand and supply dynamics and is shared for informational purposes only.

Live Subscription Status: As of 11:59 AM on September 10, 2024, the VIESL IPO has been subscribed 4.08 times on its final day of the subscription period. For the latest updates on subscription status, visit the NSE website.

Allotment Information: The allotment of VIESL IPO shares is expected to be finalized on September 11, 2024. Investors can check their allotment status by visiting the Registrar's website. To verify, enter your application number, PAN, or DP Client ID.

Objectives of the IPO: The proceeds from the VIESL IPO will be utilized for:

₹46.81 Crores to fund the purchase of additional equipment.

₹36.50 Crores for meeting working capital requirements.

General corporate purposes.

Company Overview and Financial Performance: Vision Infra Equipment Solutions operates in a variety of sectors, including airports, smart cities, irrigation, and railways. Led by experienced industry professionals, the company has demonstrated steady financial growth. Revenue rose from ₹30,510.16 Lakhs in FY22 to ₹34,965.58 Lakhs in FY24. EBITDA also grew from ₹3,411.67 Lakhs to ₹8,152.67 Lakhs during the same period, while PAT increased significantly to ₹2,668.90 Lakhs.

Valuation Metrics: For the VIESL IPO, the pre-issue EPS is ₹15.43 and the post-issue EPS is ₹10.83. The pre-issue P/E ratio is 10.56x, and the post-issue P/E ratio is 15.05x, compared to an industry average of 16.15x. The company's ROCE stands at 28.19%, and ROE is an impressive 130.95% for FY24. These metrics suggest that the IPO is reasonably priced and presents a good investment opportunity.

IPO Review: Given VIESL's strong financial performance and attractive valuation metrics, the IPO shows potential for 30% to 33% listing gains. Investors seeking both short-term gains and long-term investment opportunities should consider applying for the Vision Infra Equipment Solutions IPO.

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