Here are 10 key things investors need to know about the public offer before subscribing to the issue.
«The IPO is entirely a fresh equity sale of 65.16 lakh shares, and through the issue, the company plans to raise Rs 106 crore.
The company is offering its shares at Rs 155-163 apiece, and investors can bid for 800 shares in one lot.
In the unlisted market, the company's shares had no GMP ahead of the issue opening.
Vision Infra Equipment is a solution provider in the equipment space, delivering services across airports, smart cities, irrigation, buildings and factories, mining, railways, and more. Its portfolio includes renting road construction equipment, as well as trading and refurbishing such equipment
With over 64.5% of goods and 90% of passenger traffic relying on roads for transportation, the road sector plays a pivotal role in India's infrastructure landscape. In the Union Budget 2023-24, the Government of India allocated a substantial amount of Rs. 2.7 lakh crore ($33 billion) to the Ministry of Road Transport and Highways.
For the year ended March 2024, the company clocked total revenues of Rs 349 crore and net profit of Rs 26.68 crore.
The net proceeds from the public offer will be used for funding capital expenditure towards the purchase of