What you must know Vinyas Innovative Technologies IPO?
by 5paisa Research Team
26 Sep 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 06-Oct-23
- IPO Price Range ₹ 162 to ₹ 165
- Listing Price ₹ 330
- Listing Change 100.0%
- Last Traded Price ₹ 715
- Current Change 333.3%
Vinyas Innovative IPO Details
- Open Date 27-Sep-23
- Close Date 03-Oct-23
- Lot Size 800
- IPO Size ₹ 54.66 Cr
- IPO Price Range ₹ 162 to ₹ 165
- Min Investment ₹ 129600
- Listing Exchange NSE SME
- Basis of Allotment 06-Oct-23
- Refunds 09-Oct-23
- Credit to Demat Account 10-Oct-23
- Listing Date 11-Oct-23
Vinyas Innovative Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Sep-23 | 0.00 | 0.50 | 0.24 | 0.23 |
| 28-Sep-23 | 0.00 | 0.62 | 0.47 | 0.37 |
| 29-Sep-23 | 8.00 | 1.33 | 1.24 | 3.19 |
| 03-Oct-23 | 42.74 | 95.16 | 21.27 | 43.24 |
Vinyas Innovative IPO Synopsis
Vinyas Innovative Technologies IPO is all set to open from 27th September to 3rd October 2023. The company provides design, engineering, and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in Electronic Industry. The IPO includes a fresh issue of 3,312,800 shares of Rs. 54.66 crores. The share allotment date is 6th October, and the IPO will be listed on 11th October, on the stock exchanges. The price band is ₹162 to ₹165 per share and the lot size is 800 shares.
Sarthi Capital Advisors Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of Vinyas Innovative IPO:
Vinyas Innovative Technologies plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● For issue expenses.
About Vinyas Innovative Technologies
Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in Electronic Industry.
The company offers Build to Print (B2P) and Build to Specification (B2S) services to the clients.
Vinyas' solutions primarily comprise: (i) printed circuit board (PCB) assembly (PCBA), and (ii) box builds which are used in safety-critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
The Company is the preferred partner for Global OEMs and ODMs by offering end-to-end solutions ranging from Design for Manufacturability, Supply Chain Management, PCB assembly, advanced test solutions, Product Integration, and after-market support.
Peer Comparison
● Cyient DLM Limited
● Centum Electronics Limited
Vinyas Innovative Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 234.52 | 207.73 | 205.03 |
| EBITDA | 24.90 | 16.30 | 13.33 |
| PAT | 7.34 | 1.00 | 1.23 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 215.98 | 221.49 | 184.58 |
| Share Capital | 3.74 | 3.74 | 3.74 |
| Total Borrowings | 170.45 | 190.04 | 153.89 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 16.83 | 11.81 | -24.64 |
| Net cash from / (used in) investing activities | -3.43 | -0.94 | -2.46 |
| Net cash flow from / (used in) financing activities | -15.51 | -9.25 | 26.02 |
| Net increase (decrease) in cash and cash equivalents | -2.11 | 1.61 | -1.09 |
Vinyas Innovative IPO Key Points
-
Strengths
1. The company is among the preferred Indian Partners for the defence and aerospace industry with global accreditations
2. Technology enabled and scalable end-to-end capabilities.
3. Experienced and qualified Promoters and senior management team supported by a committed employee base
4. Company has a strong market leadership position in the Aerospace, Defence & other Electronic segment in the industry
-
Risks
1. Company and its Promoters have made delayed payments with respect to the credit facilities availed by them in the past.
2. Revenue from operations depends significantly on defense & aerospace contracts. Any changes in the defense policy or a decline or reprioritisation of funding in the Indian defense budget, or delays in the budget process could adversely affect its ability to grow or maintain its sales, earnings, and cash flow. .
3. The company relies on a single customer for its revenues from operations for the fiscal year 2021, 2022 and 2023. Any loss of business from such customer may adversely affect its revenues and profitability
Vinyas Innovative
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
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Vinyas Innovative IPO FAQs
What is the minimum lot size and investment required for the Vinyas Innovative Technologies IPO?
The minimum lot size of Vinyas Innovative Technologies IPO is 800 shares and the investment required is ₹1,32,000.
What is the price band of Vinyas Innovative Technologies IPO?
The price band for Vinyas Innovative Technologies IPO is Rs.162 to Rs.165 per share.
When does the Vinyas Innovative Technologies IPO opens and closes?
Vinyas Innovative Technologies IPO opens from 27th September to 3rd October 2023.
What is the size of the Vinyas Innovative Technologies IPO?
The size of Vinyas Innovative Technologies IPO is ₹54.66 cr.
What is the allotment date of the Vinyas Innovative Technologies IPO?
The share allotment date of Vinyas Innovative Technologies IPO is 6th October 2023.
What is the Vinyas Innovative Technologies IPO listing date?
The Vinyas Innovative Technologies IPO will be listed on 11th October 2023.
Who are the book runners for the Vinyas Innovative Technologies IPO?
Sarthi Capital Advisors Private Limited is the book-running lead manager for Vinyas Innovative Technologies IPO.
What is the objective of Vinyas Innovative Technologies IPO?
Vinyas Innovative Technologies plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. General corporate purpose.
3. For issue expenses.
How to apply for the Vinyas Innovative Technologies IPO?
To apply for Vinyas Innovative Technologies 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 Vinyas Innovative TechnologiesIPO.
● 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 Vinyas Innovative Technologies IPO
Contact Information
Vinyas Innovative Technologies Limited
Plot No. 19, Survey No. 26 & 273-P,
3 rd Phase, Koorgalli Industrial Area,
Ilawala Hobali, Mysore - 570018
Phone: +91 821 2404444
Email: secretarial@vinyasit.com
Website: https://www.vinyasit.com/
Vinyas Innovative Technologies IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Vinyas Innovative Technologies IPO Lead Manager
Sarthi Capital Advisors Private Limited
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