The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday.
The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed.
The category for Non-Institutional Investors (NIIs) received 180.75 times subscription while the part for qualified institutional buyers subscribed 60.94 times. Also, the retail individual investors portion got 24.13 times subscription.
The Pune-based firm’s IPO will be listed on NSE’s SME platform Emerge.
Last week, the company said it raised Rs 30.21 crore from anchor investors.
The IPO is entirely a fresh issue of 65.16 lakh shares. The company has fixed a price band of Rs 155-163 per share.
Proceeds from the public issue will be utilised towards funding the capital expenditure towards the purchase of additional equipment, to meet working capital requirements and general corporate …

Stainless-steel pipes and tubes manufacturers and suppliers P S Raj Steels Ltd (PSSR) on Tuesday said it planning to raise funds through an initial public offering (IPO) very soon to fund its growth plans.
“Looking to expand its business beyond the existing markets in India, the Hisar-headquartered company has set its sights on an IPO,” PSSR said in a statement.
The company also announced plans to achieve Rs 500 crore in revenue by FY27.
The company has appointed Khambatta Securities Ltd as the book running lead manager to the offer.
The company operates a manufacturing plant with an installation capacity of 13,460 metric tonnes per annum, which is spread over an area of three acres in Hisar, Haryana.
It supplies finished goods under the brand name ‘PSSR’ in 19 states across India, including Uttar Pradesh, Haryana, Punjab, Madhya Pradesh, Delhi, and Rajasthan.
“In pursuit of expanding our business across India and strengthening it in the existing markets, we are planning to raise

Ramco Systems announced the release of version 6.0 of its Aviation Software – a revolutionary product release designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration. An integrated solution with modules for Contracts, Engineering, Planning, Maintenance, Supply Chain Management, Finance, ePUBS and advanced mobility capabilities, Ramco Aviation Software 6.0 is built to handle the challenges of tomorrow.The release introduces many unparalleled features that enable organizations to digitally transform their maintenance execution processes, as well as their management of flight safety, materials and commercials, with some of the key features and modules including:

The initial share sale of auto parts manufacturer Kross Ltd received 2.56 times subscription on the second day of bidding on Tuesday.
The initial public offer got bids for 3,92,75,140 shares against 1,53,50,877 shares on offer, as per NSE data.
The quota for Retail Individual Investors (RIIs) garnered 3.87 times subscription while the category for non-institutional investors got subscribed 2.87 times. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription.
Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors.
The Jamshedpur-based company’s IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer-for-Sale (OFS) aggregating up to Rs 250 crore by the promoters.
The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai.
The issue, with a price band of Rs 228-240 per share, will conclude on September 11.
Kross proposes to utilise the net proceeds

With a distinguished career spanning over 32 years, he brings a wealth of experience and expertise to ABDL; having held prominent finance roles in Fortune 500 companies across sectors including manufacturing, retail, and the Big 4 firms.