Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Vision Infra Equipment IPO
Price Band
₹155.0–163.0
Issue Size
₹106.21 Cr
Lot Size
800 shares
Min Investment
₹130,400
GMP
+₹95.0 (58.28%)
Issue Price
₹163.0
Subject to Sauda
₹57800
Paid only if allotted
Vision Infra Equipment IPO AI Summary
- Vision Infra Equipment IPO is listed on NSE SME in the Diversified Commercial Services sector.
- Price band: ₹155.0–₹163.0 per share, lot size 800 shares (min. investment ₹130,400).
- Subscription window: 06 Sep–10 Sep 2024, listing on 13 Sep 2024.
- Current GMP is +₹95.0 (58.28%), an estimated listing price of ₹258 — unofficial and can change daily.
Vision Infra Equipment Solutions Limited is set to enter the market with an IPO priced at ₹163, aiming to raise ₹106.21 Cr. The company has shown a total income of ₹349.66 Cr and a profit after tax of ₹26.69 Cr for the period ending 31 March 2024. With a strong fleet of machinery and established clientele, the IPO reflects significant growth potential in the infrastructure sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Vision Infra Equipment IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Vision Infra Equipment IPO Grey Market Premium (GMP) Today
GMP
+₹95.0
GMP %
+58.28%
Est. Listing
₹258.0
Updated: 25 Jul 2026 14:04
About the Company
Vision Infra Equipment Solutions Limited was founded in 2015 and provides services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railroads, etc. The company's service portfolio includes the rental of road construction machines as well as the trade and reconditioning of these machines. Road construction machinery is rented out in two ways: (i) time-based pricing and (ii) output-based pricing. Under the time-based pricing model, customers pay for the equipment based on its use or period of use, which is primarily a fixed fee. In contrast, under output-based pricing, the customer pays for the service based on the results or outcomes achieved by the service provided. The company has a large fleet of equipment from major OEMs such as Wirtgen, Case, Luigong, Dynapac, Komatsu, Atlas Copco, Ashok Leyland, Bharat Benz, Eicher Motors, Volvo, Terex Power Screen, Caterpillar, Metro, BOMAG, etc., which is leased out to infrastructure companies: Larsen & Toubro, Ashoka Buildcon Ltd, Afcons Infrastructure Ltd, NCC Ltd, GMR Infraprojects Ltd, Shapoorji Pallonji, Dilip Buildcon Ltd, Tata Projects Ltd, ITD Cementation India Limited, HG Infra Engineering Ltd, IRB Infra Developers Ltd, GR Infra Projects Ltd, etc. As of November 30, 2023, the company owned a fleet of 326 road construction machines. As of March 31, 2024, the Company employed around 227 permanent employees and 763 contract employees, including administrative staff, operators, drivers, electricians, engineers, helpers, logistics mechanics, painters, supervisors, and welders, all of whom are required for operations.
Company Financials (₹ Cr)
As of 2023-11-30
| Period Ended | 31 Mar 2024 |
|---|---|
| Assets | 361.34 |
| Total Income | 349.66 |
| Profit After Tax | 26.69 |
| NET Worth | 23.46 |
| Reserves and Surplus | 6.16 |
| Total Borrowing | 264.28 |
Key Ratios
EPS
₹5.31
NAV
₹13.56
ROE
130.95%
ROCE
28.29%
RoNW
113.75%
P/B Value
12.02
P/E Ratio
30.69
Market Cap
₹388.20 Cr
PAT Margin
8.02%
Debt/Equity
11.26
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Vision Infra Equipment Solutions Limited This IPO | 13.56 | 113.75% | 30.69 | 5.31 | 5.31 |
Promoters
Sachin Vinod Gandhi, Chetan Vinod Gandhi and Sameer Sanjay Gandhi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards purchase of additional equipment 46.81 2 Funding to meet working capital requirements 36.50 3 General Corporate Purpose. 13.97
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
For the period ending 31 March 2024, the company reported a total income of ₹349.66 Cr.
Profit Trend
The profit after tax for the period ending 31 March 2024 was ₹26.69 Cr.
Valuation
Priced at roughly 30.69 times trailing earnings, versus peers trading at similar metrics.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of the IPO in the stock market, calculated based on demand and supply in the unofficial market before the actual listing. A higher GMP suggests strong investor interest and potential for gains on listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with fluctuations in stock prices may want to avoid investing in IPOs like this, which can be subject to high volatility and uncertainty in the initial trading period.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. While a high GMP may suggest potential gains, there is always a risk that the stock could open lower than expected.
This evaluation is generated from Vision Infra Equipment's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Vision Infra Equipment IPO GMP today?
Vision Infra Equipment IPO GMP today is +₹95.0 (58.28%), indicating an estimated listing price of ₹258. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Vision Infra Equipment IPO?
The price band of Vision Infra Equipment IPO is ₹155.0–₹163.0 per share.
When does Vision Infra Equipment IPO open and close?
Vision Infra Equipment IPO opens on 06 September 2024 and closes on 10 September 2024.
When does Vision Infra Equipment IPO list on the stock exchange?
Vision Infra Equipment IPO listed on 13 September 2024 at ₹258.0.
What is the lot size for Vision Infra Equipment IPO?
The lot size for Vision Infra Equipment IPO is 800 shares, requiring a minimum investment of ₹130,400.
What is the lot size for this IPO?
The lot size for Vision Infra Equipment's IPO is 800 shares.
What is the minimum investment amount?
The minimum investment required is ₹130,400.
What is the price band for the IPO?
The price band for the IPO is ₹155 to ₹163.
When is the listing date for the IPO?
The listing date for the IPO is 13 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium on the IPO price in the grey market before it lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Sep 2024
Close
10 Sep 2024
Allotment
11 Sep 2024
Listing
13 Sep 2024
Similar IPOs in Diversified Commercial Services
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Vision Infra Equipment?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.