Vision Infra Equipment Solutions IPO

Vision Infra Equipment Solutions Ltd

₹1,24,000 /800 sharesMinimum Investment

Vision Infra Equipment Solutions IPO Details

Bidding datesMinimum investmentLot sizePrice range
6 Sep ‘24 - 10 Sep ‘24₹1,24,000800₹155 - ₹163
Issue sizeIPO docTentative allotment dateTentative listing date
106.21 Cr
RHP PDF
11 Sep ‘2413 Sep ‘24
Face value
10

Subscription rate

As of 10 Sep'24, 05:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total60.15x

About Vision Infra Equipment Solutions

Vision Infra Equipment Solutions is an equipment and services provider to sectors like airports, smart cities, irrigation projects, building and factory construction, mining, and railways. The company offers services that include the rental of road construction equipment, and trading and refurbishment of such machinery. The company’s primary business is related to the trading of second-hand road construction equipment. This involves purchasing used machinery from infrastructure companies, contractors, non-banking financial companies (NBFCs), banks, and the retail market. Vision Infra Equipment Solutions refurbishes this equipment and then resells it to other companies. However, currently, the company is outsourcing the refurbishing of equipment.;
Founded in
2015
MD/CEO
Mr. Sachin Vinod Gandhi
Parent organisation
Vision Infra Equipment Solutions Ltd

Strengths & Risks of Vision Infra Equipment Solutions

Strengths
Risks
The company manages a fleet of 395 road construction equipment units. The company served about 95 customers in FY22; this number expanded to around 133 customers by FY24.
Vision Infra Equipment Solutions owns a wide range of road construction equipment, such as soil stabilisers, tandem rollers, pneumatic tyred rollers (PTR), soil compactors, cement spreaders, excavators, transit mixers, truck container bodies, milling machines, jaw crushers, concrete pavers, asphalt pavers, wheel loaders, rock breakers, graders, boom placers, tippers, and diesel generators.
The company rents out equipment from major original equipment manufacturers (OEMs) to infrastructure companies including Larsen & Toubro, Ashoka Buildcon, Afcons Infrastructure, NCC, GMR Infraprojects, Shapoorji Pallonji, Dilip Buildcon, Tata Projects, ITD Cementation, HG Infra Engineering, IRB Infra Developers, and GR Infra Projects.
The company has seen a consistent increase in revenue from operations. It increased from Rs 294.57 crore in FY22 to Rs 359.81 crore in FY23 to Rs 332.74 crore in FY24.
The company depends on a small group of key clients for its revenue from operations. Its top 10 clients contributed Rs 207 crore (62.21%), Rs 291.69 (81.07%), and Rs 247.51 crore (84.02%) in FY24, FY23, and FY22 to the revenue from operations, respectively. Any loss of these major clients or slowdown in business from them could hurt the company's finances.
The margins from rental services and refurbishment activities are prone to fluctuations due to customer-imposed pricing guidelines and costs set by OEMs for spare parts and accessories. Such variability could negatively affect the company’s finances.
A major portion of the revenue from operations comes from Vision Infra Solutions’ trading and refurbishment segment. This segment contributed Rs 164.17 crore (49.34%), Rs 242.28 crore (67.34%), and Rs 216.11 crore (73.36%) to revenue from operations in FY24, FY23, and FY22, respectively. Any loss of demand in this segment can hit the company’s topline and bottomline.
The company outsources refurbishment services and has to depend on third parties for their delivery. Any delay from these third-party suppliers to deliver the equipment can adversely affect the business operations and its finances.
As of March 31, 2024, Vision Infra Equipment Solutions reported a total indebtedness of Rs 265.07 crore. Any inability to service or repay these loans on time could adversely affect the company’s business.
The company’s operations are concentrated in Maharashtra, Uttar Pradesh, and Odisha, which contributed 65.67%, 92.23%, and 88.67% in FY24, FY23, and FY22 to its revenue, respectively. Any adverse developments in these regions could be detrimental to the functioning of the company and its revenue generation.
Vision Infra Equipment is currently involved in certain legal proceedings. Any adverse judgments in these cases can negatively impact the company’s business.

Vision Infra Equipment Solutions Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Vision Infra Equipment Solutions IPO

Apply asPrice bandApply RangeLot size
Regular155 - 163₹2 - 5 Lakh800
High Networth Individual155 - 163₹2 - 5 Lakh800
For Vision Infra Equipment Solutions IPO, eligible investors can apply as Regular.