Vision Infra Equipment Solutions IPO: 1.90x Oversubscription & GMP Insights

Vision Infra Equipment Solutions IPO Update: The much-anticipated Initial Public Offering (IPO) of Vision Infra Equipment Solutions Ltd (VIESL) has captivated investors, achieving a notable oversubscription rate of 1.90 times. The IPO, which ran from September 6, 2024, to September 10, 2024, was priced between ₹155 and ₹163 per share, and involved a substantial issue size of 65,16,000 equity shares.

Let’s take a look at the key takeaways of Vision Infra Equipment IPO as given below –

• Oversubscription Ratio: 1.90 times (as of 6 September, 2024)
• Total Shares Issued: 65,16,000
• Total Bids Received: 88,78,400
• Bids at Cut-Off Price (₹163): 14,85,600
• Price Range: ₹155 to ₹163
• Bid Lot Size: 800 Equity Shares

Subscription and Pricing Insights:

The Vision Infra IPO has attracted significant investor interest, as evidenced by the 88,78,400 bids received, far exceeding the available shares. The subscription rate of 1.90 times of Vision Infra Equipment Solutions IPO indicates a healthy demand, though it is moderate compared to some high-profile recent IPOs.

• At ₹155: The issue size was fully covered with bids totaling 88,78,400 shares, signaling robust initial interest.
• At ₹156 to ₹160: The number of bids gradually decreased as the price increased, reflecting a sensitivity to pricing among investors.
• At ₹163 (Cut-Off Price): The bids dropped to 14,85,600, showing concentrated interest around the higher end of the price band.

Grey Market Premium (GMP):

The Grey Market Premium (GMP) for the Vision Infra Equipment Solutions Ltd (VIESL) IPO could vary based on the current demand in the grey market. Typically, when an IPO is oversubscribed by 1.90 times, it suggests moderate demand. Based on market trends for similar IPOs, the GMP might be positive but not exceptionally high—potentially in the range of ₹10 to ₹20 above the issue price, depending on investor sentiment.

About Vision Infra Equipment Solutions Ltd (VIESL):

Founded in 2015, Vision Infra Equipment Solutions Ltd is a leading entity in India’s infrastructure sector. Specializing in the rental and trading of construction equipment, VIESL supports major infrastructure projects, including airports, highways, smart cities, and mining operations. The company offers a wide range of machinery, including earthmoving equipment and cranes, playing a crucial role in both public and private construction sectors.

IPO Details:

• Issue Type: 100% Book Building
• Lead Manager: Hem Securities Limited
• Sponsor Bank: ICICI Bank Limited
• Registrar: Link Intime India Private Limited

The Vision Infra Equipment IPO’s structure includes a market maker portion and anchor allocation, enhancing its appeal to a broad spectrum of investors.