Vision Infra Equipment Solutions IPO: Check price band, subscription status and other key details

Vision Infra Equipment Solutions IPO opened for subscription on Friday, September 6. The initial public offering, which has set a price band of ₹155-163 per equity share, will conclude on September 10.

The ₹106.2 crore SME IPO is completely a fresh issuance of 65.16 lakh shares. There is no offer-for-sale (OFS) component.

Investors can apply for a minimum of 800 shares or one lot worth ₹1.24 lakh. The minimum lot size for high net-worth individuals (HNIs) is two, taking the transaction value to ₹2.48 lakh.

The fresh issue proceeds will be allocated to fund capital expenditure and meet working capital requirements. A portion will also be used for general corporate purposes.

HEM Securities Ltd is the book-running lead manager to the issue, while Link Intime India Pvt Ltd is the registrar.

Vision Infra Equipment Solutions IPO: Subscription status

The initial share sale has been subscribed 31% so far on Friday, the first day of subscription.

Vision Infra Equipment IPO: Key dates

• Bidding period: September 6 to September 10
• Allotment finalisation: September 11
• Refund initiation: September 12
• Demat transfer: September 12
• Listing: September 13

About the company

Vision Infra Equipment Solutions Ltd, established in 2015, offers equipment rental and provides services in airports, irrigation, construction, smart cities, mining, and railways.

Its services include renting road construction equipment and trading and refurbishment of these equipment.