Vinyas Innovative Technologies IPO Detail 2023
Introduction
The Vinyas Innovative Technologies IPO opens on September 27 and closes on October 3, 2023. According to the DRHP filed in SEBI, the company plans to issue 3,312,800 shares through this public issue.
Vinyas Innovative Technologies Limited (“the Company”)
Incorporated in 2001, Vinyas Innovative Technologies Limited is a leading provider of design, engineering, and electronics manufacturing services catering to global original equipment manufacturers and original design manufacturers in the electronic industry. As an integrated electronic manufacturing services provider, the company has offered a broad range of products and services across multiple industry segments for about 20 years. With wide industry knowledge, cutting-edge technologies, and state-of-the-art infrastructure, Vinyas supports its global partners in conceptualizing the design, engineering, manufacturing, and turnkey requirements for mission-critical applications.
The company Electronic Manufacturing Services provides Build to Print (“B2P”) and Build to Specification (“B2S”) services to its clients.
- Its B2P solutions involve its client providing the design for the product, for which we provide agile and flexible manufacturing services.
- B2S services involve utilizing its design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product.
Its solutions primarily comprise:
- Printed circuit board (“PCB”) assembly (“PCBA”), and
- box builds, which are used in safety-critical systems such as cockpits, inflight systems, landing systems, and medical diagnostic equipment.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 19.62 per Equity Share |
| Debt to Equity Ratio | 1.18 |
| ROE | 16.13% |
| ROCE | 35.20% |
| P/E (x) | 8.4 |
| Return on Net Worth (RoNW) | 16.13% |
Objects of the Issue,
- Working Capital requirements of the company.
- General Corporate Purposes.
- To meet Issue Expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 4,522.99 | 3,144.74 | 3,069.38 |
| Total Assets | 21,598.64 | 22,149.04 | 18,458.95 |
| Reserve & Surplus | 4,178.79 | 2,770.54 | 2,695.17 |
| Total Borrowings | 8,571.01 | 9,542.58 | 9,365.89 |
| Total Revenue | 23,885.41 | 21,216.30 | 20,780.50 |
| Profit After Tax | 734.34 | 100.88 | 123.15 |
IPO details
As per the DRHP filed with SEBI, 3,312,800 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 1.66 lakh shares of the offering. While Sarthi Capital Advisors Private Limited will be the lead manager for the IPO, Skyline Financial Services 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 | ₹ 162 to ₹ 165 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 800 Shares |
| Issue Size | 3,312,800 shares (aggregating up to ₹ 54.66 crores) |
| Fresh Issue | 3,312,800 shares (aggregating up to ₹ 54.66 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Gretex Share Broking |
| Market maker portion | 166,400 shares |
Shareholding Pattern
| Shareholding pre-issue | 9,271,926 |
| Shareholding post issue | 12,584,726 |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 35% of the offer |
Anchor Investors
A total of 9,43,200 shares are offered to Anchor investors. The Anchor Investor lock-in period for 50% of equity shares is November 21, 2023, and February 15, 2024, for the remaining portion.
| Anchor Investor Bid Date | September 26, 2023 |
| Anchor Portion Size | ₹ 15.56 crores (Shares offered * Upper Price) |
| Anchor lock-in period end date (50% Shares) | November 21, 2023 (30 Days) |
| Anchor lock-in period end date (remaining shares) | February 15, 2024 (90 Days) |
GMP: Vinyas Innovative Technologies 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: Vinyas Innovative Technologies IPO
The issue opens for subscription on September 27, 2023, and closes for subscription on October 3, 2023 (both days inclusive). The basis of allotment will be finalised on October 6, 2023, and the refunds will be initiated on October 9, 2023. In addition, the demat credits are expected to happen on October 10, 2023, and the stock will be listed on the NSE SME on October 11, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 27, 2023 |
| Closing Date | October 3, 2023 |
| Basis of Allotment | October 6, 2023 |
| Initiation of Refunds | October 9, 2023 |
| A credit of shares to Demat A/c | October 10, 2023 |
| Listing Date | October 11, 2023 |
Lot Size
The lot size of the Vinyas Innovative Technologies IPO is 800 shares. A retail-individual investor can apply for up to 1 lot, i.e. 800 shares of ₹ 132,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 800 | ₹ 132,000 |
| Retail (Maximum) | 1 | 800 | ₹ 132,000 |
| HNI (Minimum) | 2 | 1,600 | ₹ 264,000 |
Miscellaneous Information
| Download Prospectus (PDF) | IPO RHP |
| Company 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/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
| IPO Lead Manager(s) | Sarthi Capital Advisors Private Limited |
