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Vinsys IT Services IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Training and Certifications
  2. Digital Learning
  3. IT Development Services
  4. Foreign Language Services

Company Key Metrics

Earning Per Share (EPS)₹ 15.01 per Equity Share
ROE94.17%
ROCE51.46%
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:

  1. To Meet Working Capital Requirements
  2. Loan to Subsidiary/Repayment of Loan to Subsidiary
  3. General Corporate Purposes
  4. To meet Public Issue Expenses

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth2,473716774
Total Assets7,2943,4932,740
Reserve & Surplus1,473616674
Total Borrowings2,3112,0501,427
Total Revenue9,6323,2032,041
Profit After Tax1,501(52)35
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 121 to ₹ 128 per share
Face Value₹ 10 per share
Market Lot1,000 shares
Issue Size3,894,000 shares (aggregating up to ₹ 49.84 crores)
Fresh Issue3,894,000 shares (aggregating up to ₹ [.] crores)
Listing AtNSE SME

Market Maker detail

Market makerSunflower Broking
Market maker portion195,000 shares

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net issue
NII (HNI) shares offeredNot less than 15% of the net Issue
Retail shares offeredNot 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 DateAugust 1, 2023,
Closing DateAugust 4, 2023
Basis of AllotmentAugust 9, 2023
Initiation of RefundsAugust 10, 2023
A credit of shares to Demat A/cAugust 11, 2023
Listing DateAugust 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.

ApplicationsLotsSharesAmount
Retail (Minimum)11,000₹ 128,000
Retail (Maximum)11,000₹ 128,000
HNI (Minimum)22,000₹ 256,000

Promoters Holdings 

Mr. Vikrant Shivajirao Patil and Mrs. Vinaya Vikrant Patil are the promoters of the company.

Pre-issue Shares Holdings92.74%
Post-issue Shares Holdings68.13%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationVinsys 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: [email protected]
Website: https://www.vinsys.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager(s)Beeline Capital Advisors Pvt Ltd

FAQs

The Vinsys IT Services IPO price is ₹ 121 to ₹ 128 per share.

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.

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.

The Vinsys IT Services IPO shares listing date is August 14, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

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