Listing Details
- Listing Exchange NSE SME
- Listing Date 11-Aug-23
- IPO Price Range ₹ 121 to ₹ 128
- Listing Price ₹ 207.25
- Listing Change 61.9%
- Last Traded Price ₹ 358
- Current Change 179.7%
Vinsys IT Services IPO Details
- Open Date 01-Aug-23
- Close Date 04-Aug-23
- Lot Size 1000
- IPO Size ₹ 49.84 Cr
- IPO Price Range ₹ 121 to ₹ 128
- Min Investment ₹ 121000
- Listing Exchange NSE SME
- Basis of Allotment 09-Aug-23
- Refunds 10-Aug-23
- Credit to Demat Account 11-Aug-23
- Listing Date 14-Aug-23
Vinsys IT Services India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 01-Aug-23 | 0.01 | 1.63 | 6.91 | 3.81 |
| 02-Aug-23 | 1.27 | 5.43 | 20.71 | 11.88 |
| 03-Aug-23 | 7.78 | 20.57 | 57.62 | 35.44 |
| 04-Aug-23 | 36.95 | 105.72 | 111.39 | 88.91 |
Vinsys IT Services IPO Synopsis
Vinsys IT Services IPO is all set to open from 1st August to 4th August 2023. The company is a part of the Vinsys Group and is involved in offering services related to IT skill development, training, and certifications. The company is launching a fresh issue of 38,94,000 equity shares (worth ₹49.84 Cr). The share allotment date is 9th August, and the IPO will be listed on 14th August on NSE SME. The price band of this SME IPO is ₹121 to ₹128 with a lot size of 1000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Vinsys IT Services IPO:
Vinsys IT Services plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Loan to subsidiary/repay the loan to subsidiary
● Meet General corporate expenses
● Public issues expenses
About Vinsys IT Services India
Established in 2008, Vinsys IT specializes in corporate training and consulting services spanning across diverse domains. The company is a vital part of the Vinsys Group and its headquarters is in Pune, Maharashtra. Vinsys IT Services actively engages in various aspects of the IT industry. Its core expertise lies in delivering Training and Certifications, digital learning solutions, proficient Project Management, and comprehensive technology training.
As an ISO 9001:2015 certified organization, Vinsys IT is committed to obtaining accreditation as a training service provider driven by the increasing demand for workforce development and training. The company also holds notable certifications, including CMMIDEV/3 and ISO 27001:2013, underscoring its strict adherence to higher quality control standards.
Peer Comparison
● NIIT Limited
● Aptech Limited
For More Information:
Webstory on Vinsys IT Services IPO
Vinsys IT Services IPO GMP
Vinsys IT Services India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 94.85 | 31.85 | 20.34 |
| EBITDA | 78.89 | 30.85 | 20.18 |
| PAT | 15.01 | -0.52 | 0.35 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 72.94 | 72.94 | 27.40 |
| Share Capital | - | - | - |
| Total Borrowings | 48.15 | 27.77 | 19.66 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 10.47 | -0.49 | 1.23 |
| Net cash from / (used in) investing activities | -3.97 | -4.68 | -1.08 |
| Net cash flow from / (used in) financing activities | 0.84 | 5.05 | -0.32 |
| Net increase (decrease) in cash and cash equivalents | 7.34 | -0.11 | -0.16 |
Vinsys IT Services IPO Key Points
-
Strengths
1. Vinsys IT specializes in corporate training and consulting services spanning across diverse domains.
2. It is an ISO 9001:2015 certified organization.
3. The company is committed to becoming an accredited training service provider to fulfill the increasing demand for comprehensive training and workforce development.
4. It has a strong presence in key regions, including India, USA, UAE, and has garnered extensive delivery experience in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia.
-
Risks
1. Its operations require significant working capital.
2. The competition is quite high from organized and unorganized players.
3. Higher dependence on technology, thus, changes if any can impact the business.
4. Is likely to be impacted by foreign exchange fluctuations.
5. Negative cash flow in recent financial years.
6. The company has incurred net loss in the past which can repeat.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
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Vinsys IT Services IPO FAQs
What is the minimum lot size and investment required for the Vinsys IT Services IPO?
Vinsys IT Services IPO lot size is 1000 equity shares, and the minimum investment required is ₹1,21,000.
What is the price band of Vinsys IT Services IPO?
The price band of Vinsys IT Services IPO is ₹121 to ₹128.
When does the Vinsys IT Services IPO issue opens and closes?
Vinsys IT Services IPO opens on 1st August and closes on 4th August 2023.
What is the size of the Vinsys IT Services IPO?
Vinsys IT Services plans to issue a fresh issue of 38,94,000 equity shares (worth ₹49.84 Cr).
What is the allotment date of the Vinsys IT Services IPO?
The allotment date of the Vinsys IT Services IPO is 9th August 2023.
What is the Vinsys IT Services IPO listing date?
The listing date of Vinsys IT Services IPO is 14th August 2023.
Who are the book runners for the Vinsys IT Services IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Vinsys IT Services IPO.
What is the objective of Vinsys IT Services IPO?
Vinsys IT Services plans to utilize the raised capital from IPO to:
● Funding working capital needs
● Loan to subsidiary/repay the loan to subsidiary
● Meet General corporate expenses
How to apply for the Vinsys IT Services IPO?
To apply for the Vinsys IT Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Vinsys IT Services IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app
Contact Details of Vinsys IT Services India IPO
Contact Information
Vinsys IT Services Limited
S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A
Tejas Housing Society,
Kothrud, Pune - 411038
Phone: +91 2025382807/43
Email: compliance@vinsys.com
Website: https://www.vinsys.com/
Vinsys IT Services India IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vinsys.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Vinsys IT Services India IPO Lead Manager
Beeline Capital Advisors Pvt Ltd.