Vision Infra Equipment Solutions IPO allotment: Here’s how to check status on NSE, Link Intime

The share allotment status of Vision Infra Equipment Solutions IPO is scheduled to be finalised on Wednesday, September 11. The NSE SME issue witnessed a strong demand from investors on Tuesday, the last day of subscription. 

The initial public offering (IPO) of Vision Infra Equipment Solutions Limited was booked 68.2 times. The strong demand in the Vision Infra Equipment Solutions IPO was led by Non-institutional investors (NIIs), who subscribed to their quota 180 times.

The Qualified Institutional Buyers (QIBs) subscribed to their quota by 60.94 times, while the retail portion was booked 24.11 times.

Following the end of the subscription period, the investors are waiting for share allotment status. 

The applicants, who participated in the bidding process, can check the Vision Infra Equipment Solutions IPO share allotment status on the websites of the NSE and registrar, Link Intime India Pvt Ltd. 

Steps to check Vision Infra Equipment Solutions IPO on the registrar's website

• Go to the official website of the registrar with the link: https://www.linkintime.co.in/

• Click on the ‘Investor Services’ link on the top menu bar and select public issue

• From the list of company names, select Vision Infra Equipment Solutions Limited

• Enter your PAN and application number

• Click on the submit button to view the allotment status

Here’s how to check Vision Infra Equipment Solutions IPO allotment status on the NSE website

• Open the NSE IPO allotment status page:  www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

• Log in with your username and password. 

• After logging in successfully, select Vision Infra Equipment Solutions Limited from the drop down menu for issue names.

• Verify your PAN and enter the IPO Application Number

• Click on ‘Submit’ to view the share allotment details

Vision Infra Equipment Solutions IPO offer size

Vision Infra Equipment Solutions IPO was a book-building issue worth ₹106.21 crore. The NSE SME IPO comprised an entirely fresh issue of  65.16 lakh shares and there was no offer-for-sale (OFS) component.

Vision Infra Equipment Solutions IPO price band was set at ₹155 to ₹163 per share. 

The minimum lot size for retail investors was a single lot of 800 shares, amounting to a minimum investment of ₹1,30,400. The minimum application size for high networth individuals (HNIs) was 2 lots, aggregating to ₹2,60,800.

Vision Infra Equipment Solutions IPO listing date has been tentatively fixed as September 13. Shares of the company will be listed on the NSE SME platform. 

Vision Infra Equipment Solutions IPO objectives

The company plans to use the IPO proceeds for funding capital expenditures towards the purchase of additional equipment. It will also use a portion of the proceeds for meeting working capital requirements and general corporate purposes.

About Vision Infra Equipment Solutions Limited

Vision Infra Equipment Solutions Ltd., founded in 2015, specialises equipment rental. The company offers its services across several sectors, including airports, irrigation, construction, smart cities, mining, and railways. It provides rental services related to road construction equipment as well as trading and refurbishment of these equipment.