Last updated on September 10, 2024
| Vision Infra IPO GMP | Vision Infra IPO allotment status |
Vision Infra IPO subscription started on 6 September 2024 and will close on 10 September 2024. Vision Infra plans to raise INR 106.21 crores via the IPO. The price band is fixed at INR 155 – 163 per share. Vision Infra IPO market lot has 800 shares and the minimum application amount is INR 1,30,400. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Vision Infra IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find Vision Infra IPO subscription status segregated by days and investor categories.
Vision Infra IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,36,000 | 9,27,200 | 21,63,200 | 43,26,400 |
| 10 Sep 2024 | 60.94 | 180.75 | 24.14 | 68.22 |
| 9 Sep 2024 | 4.38 | 1.67 | 3.06 | 3.14 |
| 6 Sep 2024 | 4.38 | 1.00 | 1.17 | 2.05 |
The market maker reservation portion of 3,36,000 shares and anchor allocation 18,53,600 shares is not included in the above calculations.
Vision Infra – Business Background
Vision Infra provides equipment services across various sectors, including airports, smart cities, mining, and railways. Its primary offerings include renting road construction equipment and trading or refurbishing these machines. The company offers two rental models: time-based pricing (fixed fee for equipment usage over a set period) and output-based pricing (payment based on results delivered).
Their equipment fleet consists of major brands like Wirtgen, Caterpillar, and Volvo, rented to large infrastructure companies such as Larsen & Toubro and Tata Projects. As of March 2024, they own 395 road construction machines and have seen a rise in customers from 95 in FY 2022 to 133 in FY 2024.
As of June 2024, the company had an order book, with 17 work orders for crushing services (worth INR 120.38 crore) and 24 orders for milling services (worth INR 12.90 crore), spread across 13 Indian states.
Investor Categories in Vision Infra IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of the Vision Infra IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
Read Also: Jaipur-based SK Finance IPO out of SEBI abeyance
Vision Infra IPO Subscription Status FAQs
When will the subscription for Vision Infra IPO start?
Vision Infra IPO is open for subscription from 19 August 2024 to 21 August 2024.
How to subscribe to Vision Infra IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Vision Infra IPO list?
Vision Infra IPO is scheduled to list on 26 August 2024, at the NSE EMERGE.
