Vinsys IT Services IPO will open for subscription from 01 August 2023. the company aims for an issue size of ₹49.84 Cr through this IPO.
Company Overview
| Full name | Vinsys IT Services Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.vinsys.com/ |
About Company
Incorporated in 2008, Vinsys IT Services India is a part of Vinsys Group, headquartered in Pune, Maharashtra. The company has been dedicated to IT skill development, training, and certification. As of now, the group comprises 8 entities operating in India, as well as having a marked global footprint in the USA and Middle Eastern Countries. Vinsys IT Services India Limited offers:
- Training and Certification
- Digital Learning
- IT Development Services
- Project Management
- Technology training
The company is 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, USA, UAE. It also has footprints by delivering services in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia. As of now, Vinsys IT Services offers 326 courses across 17 domains.
The Objective of the Issue
- To Meet Working Capital Requirements
- Loan to Subsidiary /Repayment of loan to Subsidiary
- General Corporate Purposes
- To meet Public Issue Expenses
IPO Timetable
| IPO Opening date | 01 August 2023 |
| IPO Closing | 04 August 2023 |
| Basis of Allotment | 09 August 2023 |
| Initiation Refund | 10 August 2023 |
| Credit to Demat Account | 11 August 2023 |
| Listing Date | 14 August 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹49.84 Cr – 3,894,000 shares |
| Fresh Issue | ₹49.84 Cr – 3,894,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 195,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹128,000 |
| Retail (Max) | 1 | 1000 | ₹128,000 |
| HNI (Min) | 2 | 2,000 | ₹256,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2,033.83 | 3,184.72 | 9,485.01 |
| Expenses | 2017.73 | 3085.19 | 7888.90 |
| Net income | 34.78 | (51.61) | 1,501.38 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.35 | (0.52) | 15.01 |
| PE ratio | – | – | 8.06 – 8.53 |
| RONW (%) | 4.50 | (7.21) | 60.72 |
| NAV | 7.74 | 7.16 | 24.73 |
| ROCE (%) | 7.06 | 9.76 | 51.46 |
| EBITDA (%) | 9.71 | 8.40 | 19.96 |
| Debt/Equity | 1.84 | 2.86 | 0.93 |
Company Promoters
- Mr. Vikrant Shivajirao Patil
- Mrs. Vinaya Vikrant Patil
Promoter Holding
| Pre Issue Share Holding | 92.74% |
| Post Issue Share Holding | 68.13 |
Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: 079 – 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor,
247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra
Phone: +91 22 49186200
E-mail: vinsys.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
VINSYS IT SERVICES INDIA LIMITED
S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A,
Tejas Housing Society, Near Mantri Park Behind Kothrud Bus Stand,
Kothrud, Pune City, Maharashtra- 411038, India
Phone: +91 2025382807/43
E-mail: compliance@vinsys.com
Website: www.vinsys.com
Allotment Status
Vinsys IT IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Vinsys IT Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
