Vision Infra Equipment Solutions Limited (VIESL) is set to launch its IPO with a book-built issue amounting to ₹106.21 Crores, consisting of a fresh issue of 65.16 lakh shares. The subscription period for the VIESL IPO will commence on September 6, 2024, and conclude on September 10, 2024. The allotment of shares is expected to be finalized around September 11, 2024, with the shares anticipated to be listed on the NSE SME by September 13, 2024.

The share price band for this IPO is set between ₹155 and ₹163 per equity share. Investors need to subscribe in multiples of 800 shares, with the minimum investment for retail investors being ₹130,400, while High-Net-Worth Individuals (HNIs) need to invest a minimum of ₹260,800 for 2 lots (1,600 shares).

HEM Securities Limited is the book-running lead manager, and LINK INTIME INDIA PRIVATE LIMITED is the registrar for the issue. Hem Finlease Private Limited will act as the sole market maker for this IPO.

Grey Market Premium (GMP) for the VIESL IPO is currently expected to range from ₹50 to ₹55, reflecting the market's demand and supply dynamics. This premium is indicative but does not guarantee the final listing price.

As of September 10, 2024, 11:59 AM, the IPO has been subscribed 4.08 times, showing robust investor interest. For the latest subscription status, visit the NSE's IPO section.

The allotment status will be available on September 11, 2024. Investors can check their allotment status by visiting the registrar’s website, selecting the Vision Infra Equipment Solutions Limited IPO, and entering the required details such as application number, PAN, or DP Client ID.

Objectives of the IPO: The funds from this fresh issue will be allocated towards:

₹4681.15 Lakhs for purchasing additional equipment.

₹3650.00 Lakhs to meet working capital requirements.

General corporate purposes.

Vision Infra Equipment Solutions provides equipment solutions across various sectors including airports, smart cities, irrigation, building and factories, mining, and railways. Their services include renting, trading, and refurbishing road construction equipment.

The company, led by Sachin Vinod Gandhi (Promoter and Managing Director), Chetan Vinod Gandhi, and Sameer Sanjay Gandhi (Promoter and Whole Time Directors), has shown a steady financial performance. Revenue rose from ₹30,510.16 Lakhs in FY22 to ₹36,889.54 Lakhs in FY23, with a current figure of ₹34,965.58 Lakhs for FY24. EBITDA increased from ₹3,411.67 Lakhs in FY22 to ₹8,152.67 Lakhs in FY24, and PAT grew from ₹927.88 Lakhs in FY22 to ₹2,668.90 Lakhs in FY24.

The IPO is priced at a pre-issue EPS of ₹15.43 and a post-issue EPS of ₹10.83. The pre-issue P/E ratio is 10.56x, and the post-issue P/E ratio is 15.05x, compared to the industry P/E ratio of 16.15x. The company's ROCE and ROE for FY24 are 28.19% and 130.95% respectively, suggesting that the IPO is fairly priced.

With a Grey Market Premium indicating potential listing gains of 30%-33%, the IPO appears to be a promising opportunity. Investors are recommended to apply for short-term listing gains or long-term investment.

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