Vinsys IT Services IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Vinsys IT Services IPO will open on August 1 and close on August 4, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 49.84 crores through this public offering, consisting of 38.94 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 121 to ₹ 128 per share.
Vinsys IT Services Limited (“the Company”)
Incorporated in 2008, Vinsys IT Services India Limited is a part of Vinsys Group, headquartered in Pune, Maharashtra. Since its inception, Vinsys Group has been dedicated to IT skill development, training, and certification. As of the date of this Draft Red Herring Prospectus, the group consists of eight business entities with footprints in India, the USA, and Middle Eastern Countries.
The company, Vinsys IT, is engaged in the IT business. Its core competencies include Training and Certifications, Digital Learning, project management, and technology training. Vinsys IT, an ISO 9001:2015 certified organization, is dedicated to becoming an accredited training service provider to meet the growing training and workforce development demand.
Vinsys specializes in corporate training and consulting across a broad range of domains. Its CMMIDEV/3 and ISO 27001:2013 certifications demonstrate its adherence to strict quality control standards.
They are a trusted partner with CompTIA, Hybris Software, EC-Council, Red Hat, Oracle, CISCO, IBM, PECB, Autodesk, Skillsoft, AWS, PMI, PRINCE2, ISACA, ITIL, PeopleCert, Citrix, and Microsoft in more than 30 countries, with a strong presence in India, the USA, and the UAE. The company also has footprints in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia. As of the date of this Draft Red Herring Prospectus, we offer 326 courses across 17 domains.
Its Core business can be divided into the following categories:
- Training and Certifications
- Digital Learning
- IT Development Services
- Foreign Language Services
Company Key Metrics
| Earning Per Share (EPS) | ₹ 15.01 per Equity Share |
| ROE | 94.17% |
| ROCE | 51.46% |
| Return on Net Worth (RoNW) | 60.72% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To Meet Working Capital Requirements
- Loan to Subsidiary/Repayment of Loan to Subsidiary
- General Corporate Purposes
- To meet Public Issue Expenses
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 2,473 | 716 | 774 |
| Total Assets | 7,294 | 3,493 | 2,740 |
| Reserve & Surplus | 1,473 | 616 | 674 |
| Total Borrowings | 2,311 | 2,050 | 1,427 |
| Total Revenue | 9,632 | 3,203 | 2,041 |
| Profit After Tax | 1,501 | (52) | 35 |
IPO details
As per the DRHP filed with SEBI, 38.94 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.95 lakh shares of the offering. While Beeline Capital Advisors Pvt Ltd will be the lead manager for the IPO, Link Intime India Private Ltd will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 121 to ₹ 128 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,000 shares |
| Issue Size | 3,894,000 shares (aggregating up to ₹ 49.84 crores) |
| Fresh Issue | 3,894,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Sunflower Broking |
| Market maker portion | 195,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net issue |
| NII (HNI) shares offered | Not less than 15% of the net Issue |
| Retail shares offered | Not less than 35% of the net Issue |
GMP: Vinsys IT Services IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Vinsys IT Services IPO
The issue opens for subscription on August 1, 2023, and closes for subscription on August 4, 2023 (both days inclusive). The basis of allotment will be finalised on August 9, 2023, and the refunds will be initiated on August 10, 2023. In addition, the demat credits are expected to happen on August 11, 2023, and the stock will be listed on the NSE SME on August 14, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 1, 2023, |
| Closing Date | August 4, 2023 |
| Basis of Allotment | August 9, 2023 |
| Initiation of Refunds | August 10, 2023 |
| A credit of shares to Demat A/c | August 11, 2023 |
| Listing Date | August 14, 2023 |
Lot Size
The lot size of the Vinsys IT Services IPO is 1,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,000 shares of ₹ 128,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹ 128,000 |
| Retail (Maximum) | 1 | 1,000 | ₹ 128,000 |
| HNI (Minimum) | 2 | 2,000 | ₹ 256,000 |
Promoters Holdings
Mr. Vikrant Shivajirao Patil and Mrs. Vinaya Vikrant Patil are the promoters of the company.
| Pre-issue Shares Holdings | 92.74% |
| Post-issue Shares Holdings | 68.13% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: vinsys.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
| IPO Lead Manager(s) | Beeline Capital Advisors Pvt Ltd |
FAQs
What is Vinsys IT Services’s IPO price?
The Vinsys IT Services IPO price is ₹ 121 to ₹ 128 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Vinsys IT Services IPO contains 1,000 shares of ₹ 128,000.
When will the Vinsys IT Services IPO allotment be available?
The finalisation of the basis of allotment for the Vinsys IT Services IPO will be done on August 9, 2023, and the allotted shares will be credited to your demat account by August 11, 2023. Check the Vinsys IT Services IPO allotment status.
When will the Vinsys IT Services IPO list on exchanges?
The Vinsys IT Services IPO shares listing date is August 14, 2023.
How many Vinsys IT Services IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.
