Vision Infra Equipment Solutions IPO Hits 63.30 Times Subscription

Vision Infra Equipment Solutions' Rs 106.21 crore IPO witnessed an overwhelming 63.30 times subscription on its final bidding day. The IPO, listed on NSE's SME platform Emerge, saw substantial interest from NIIs at 180.75 times and retail investors at 24.13 times. Founded in 2015, the Pune-based firm specializes in infrastructure services.

Vision Infra Equipment Solutions' Rs 106.21 crore IPO achieved a remarkable 63.30 times subscription as bidding concluded on Tuesday.

According to NSE data, the IPO received bids for 29,51,36,000 shares against the 46,62,400 shares available. The non-institutional investors (NIIs) category was subscribed 180.75 times, while qualified institutional buyers saw a 60.94 times subscription. Retail investor interest stood at 24.13 times.

The Pune-based company’s IPO, listed on NSE's SME platform Emerge, aims to fund capital expenditure, working capital, and other corporate purposes. Founded in 2015, Vision Infra Equipment Solutions offers extensive services in diverse infrastructure sectors and boasts a fleet of 395 road construction equipment.