Vinyas Innovative Technologies IPO will open for subscription from 27 September 2023. The company aims for an issue size of ₹54.66 Cr through this IPO.
Company Overview
| Full name | Vinyas Innovative Technologies Limited |
| Sector | Electricals |
| Industry | Electronic – Components |
| Company Website | https://www.vinyasit.com/ |
About Company
Incorporated in 2001, Vinyas Innovative Technologies is a 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, Vinyas supports its global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.
The Electronic Manufacturing Services are provided as Build to Print (B2P) and Build Specification (B2S) services to the clients. The B2P solutions involve the client providing the design for the product for which it provides agile and flexible manufacturing services. The B2S services involve utilizing design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product. Vinyas Innovative Technologies 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 Objectives of the Issue
- Working Capital requirements of the company.
- General Corporate Purposes.
- To meet Issue Expenses.
Vinyas Innovative Technologies IPO Timetable
| IPO Opening date | 27 September 2023 |
| IPO Closing | 03 October 2023 |
| Basis of Allotment | 06 October 2023 |
| Initiation Refund | 09 October 2023 |
| Credit to Demat Account | 10 October 2023 |
| Listing Date | 11 October 2023 |
Vinyas Innovative Technologies IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹54.66 Cr – 3,312,800 shares |
| Fresh Issue | ₹54.66 Cr – 3,312,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹162 to ₹165 per share |
| Lot size | 800 Shares |
| Market Maker portion | 166,400 shares |
| Shareholding pre-issue | 9,271,926 |
| Shareholding post-issue | 12,584,726 |
| Listing Exchange | NSE SME |
Vinyas Innovative Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| HNI (Min) | 2 | 1,600 | ₹264,000 |
Vinyas Innovative Technologies IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vinyas Innovative Technologies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 205.03 | 207.74 | 234.52 |
| Expenses | 206.08 | 209.65 | 228.76 |
| Net income | 1.08 | 0.71 | 7.16 |
Vinyas Innovative Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.29 | 2.70 | 19.62 |
| PE ratio | – | – | 8.26 – 8.41 |
| RONW (%) | 4.01 | 3.21 | 16.13 |
| NAV | – | – | 121.67 |
| ROCE (%) | 24.07 | 25.76 | 35.20 |
| EBITDA (%) | 6.42 | 7.69 | 10.43 |
| Debt/Equity | 3.05 | 3.03 | 1.88 |
Vinyas Innovative Technologies Promoters
- Mr. Narendra Narayanan
- Mrs. Meera Narendra
- Mr. Sumukh Narendra
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
Vinyas Innovative Technologies IPO Lead Manager(s)
SARTHI CAPITAL ADVISORS PRIVATE LIMITED
401, 4thFloor, Manek Plaza, 167, Vidyanagari Marg, Kalina,
Santacruz (E), Mumbai – 400 098
Phone: +91 22 2652 8671/72
Email: compliance@sarthiwm.in
Website: www.sarthiwm.in
Vinyas Innovative Technologies Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Vinyas Innovative Technologies Contact Details
VINYAS INNOVATIVE TECHNOLOGIES LIMITED
Plot No. 19, Survey No. 26 & 273-P, 3rd Phase Koorgalli Industrial Area,
Ilawala Hobali, Mysore-570018, Karnataka
Phone: +91 821 2404444
E-mail: secretarial@vinyasit.net
Website: www.vinyasit.com
Vinyas Innovative Technologies IPO Allotment Status
Vinyas Innovative IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Vinyas Innovative Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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
