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Vinsys IT Services India IPO

  • Status: Closed
  • RHP:
  • ₹ 121,000 / 1000 shares

    Minimum Investment

IPO Details

  • Open Date

    01 Aug 2023

  • Close Date

    04 Aug 2023

  • IPO Price Range

    ₹ 121 to ₹ 128

  • IPO Size

    ₹ 49.84 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    14 Aug 2023

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IPO Timeline

Vinsys IT Services India IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Vinsys IT Services IPO is all set to open from 1st August to 4th August 2023. The company is a part of the Vinsys Group and is involved in offering services related to IT skill development, training, and certifications. The company is launching a fresh issue of 38,94,000 equity shares (worth ₹49.84 Cr). The share allotment date is 9th August, and the IPO will be listed on 14th August on NSE SME. The price band of this SME IPO is ₹121 to ₹128 with a lot size of 1000 shares. 

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Vinsys IT Services IPO:

Vinsys IT Services plans to utilize the raised capital from IPO to:
●    Funding working capital needs
●    Loan to subsidiary/repay the loan to subsidiary
●    Meet General corporate expenses 
●    Public issues expenses 
 

Established in 2008, Vinsys IT specializes in corporate training and consulting services spanning across diverse domains. The company is a vital part of the Vinsys Group and its headquarters is in Pune, Maharashtra. Vinsys IT Services actively engages in various aspects of the IT industry. Its core expertise lies in delivering Training and Certifications, digital learning solutions, proficient Project Management, and comprehensive technology training. 

As an ISO 9001:2015 certified organization, Vinsys IT is committed to obtaining accreditation as a training service provider driven by the increasing demand for workforce development and training. The company also holds notable certifications, including CMMIDEV/3 and ISO 27001:2013, underscoring its strict adherence to higher quality control standards.

Peer Comparison
●    NIIT Limited
●    Aptech Limited
 

For More Information:
Webstory on Vinsys IT Services IPO
Vinsys IT Services IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 94.85 31.85 20.34
EBITDA 78.89 30.85 20.18
PAT 15.01 -0.52 0.35
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 72.94 72.94 27.40
Share Capital - - -
Total Borrowings 48.15 27.77 19.66
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 10.47 -0.49 1.23
Net cash from / (used in) investing activities -3.97 -4.68 -1.08
Net cash flow from / (used in) financing activities 0.84 5.05 -0.32
Net increase (decrease) in cash and cash equivalents 7.34 -0.11 -0.16


Strengths

1.    Vinsys IT specializes in corporate training and consulting services spanning across diverse domains.
2.    It is an ISO 9001:2015 certified organization. 
3.    The company is committed to becoming an accredited training service provider to fulfill the increasing demand for comprehensive training and workforce development. 
4.    It has a strong presence in key regions, including India, USA, UAE, and has garnered extensive delivery experience in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia.
 

Risks

1.    Its operations require significant working capital.
2.    The competition is quite high from organized and unorganized players. 
3.    Higher dependence on technology, thus, changes if any can impact the business. 
4.    Is likely to be impacted by foreign exchange fluctuations.
5.    Negative cash flow in recent financial years. 
6.    The company has incurred net loss in the past which can repeat. 
 

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FAQs

Vinsys IT Services IPO lot size is 1000 equity shares, and the minimum investment required is ₹1,21,000. 
 

The price band of Vinsys IT Services IPO is ₹121 to ₹128.

Vinsys IT Services IPO opens on 1st August and closes on 4th August 2023.
 

Vinsys IT Services plans to issue a fresh issue of 38,94,000 equity shares (worth ₹49.84 Cr). 
 

The allotment date of the Vinsys IT Services IPO is 9th August 2023. 

The listing date of Vinsys IT Services IPO is 14th August 2023.

Beeline Capital Advisors Private Limited is the book-running lead manager for Vinsys IT Services IPO.

Vinsys IT Services plans to utilize the raised capital from IPO to:

●    Funding working capital needs
●    Loan to subsidiary/repay the loan to subsidiary
●    Meet General corporate expenses 
 

To apply for the Vinsys IT Services IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Vinsys IT Services IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange    
●    You will receive a mandate notification to block funds in your UPI app