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Vinyas Innovative IPO

Vinyas Innovative Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 129,600 / 800 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Sep 2023

  • Close Date

    03 Oct 2023

  • IPO Price Range

    ₹ 162 to ₹ 165

  • IPO Size

    ₹ 54.66 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    11 Oct 2023

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IPO Timeline

Vinyas Innovative Technologies IPO Subscription Status

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

Vinyas Innovative Technologies IPO is all set to open from 27th September to 3rd October 2023. The company provides design, engineering, and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in Electronic Industry. The IPO includes a fresh issue of 3,312,800 shares of Rs. 54.66 crores. The share allotment date is 6th October, and the IPO will be listed on 11th October, on the stock exchanges. The price band is ₹162 to ₹165 per share and the lot size is 800 shares.

Sarthi Capital Advisors Private Limited is the book-running lead manager for this IPO, while  Skyline Financial Services Private Ltd is the registrar. 

Objectives of Vinyas Innovative IPO:

Vinyas Innovative Technologies plans to utilize the raised capital from the IPO to:

●    For working capital requirements.
●    General corporate purpose.
●    For issue expenses. 
 

Vinyas Innovative Technologies Limited provides design, engineering, and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in Electronic Industry.
The company offers Build to Print (B2P) and Build to Specification (B2S) services to the clients.

Vinyas' 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 Company is the preferred partner for Global OEMs and ODMs by offering end-to-end solutions ranging from Design for Manufacturability, Supply Chain Management, PCB assembly, advanced test solutions, Product Integration, and after-market support.

Peer Comparison

●    Cyient DLM Limited
●    Centum Electronics Limited

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 234.52 207.73 205.03
EBITDA 24.90 16.30 13.33
PAT 7.34 1.00 1.23
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 215.98 221.49 184.58
Share Capital 3.74 3.74 3.74
Total Borrowings 170.45 190.04 153.89
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 16.83 11.81 -24.64
Net cash from / (used in) investing activities -3.43 -0.94 -2.46
Net cash flow from / (used in) financing activities -15.51 -9.25 26.02
Net increase (decrease) in cash and cash equivalents -2.11 1.61 -1.09


Strengths

1.    The company is among the preferred Indian Partners for the defence and aerospace industry with global accreditations
2.    Technology enabled and scalable end-to-end capabilities. 
3.    Experienced and qualified Promoters and senior management team supported by a committed employee base
4.     Company has a strong market leadership position in the Aerospace, Defence & other Electronic segment in the industry
 

Risks

1.    Company and its Promoters have made delayed payments with respect to the credit facilities availed by them in the past.
2.     Revenue from operations depends significantly on defense & aerospace contracts. Any changes in the defense policy or a decline or reprioritisation of funding in the Indian defense budget, or delays in the budget process could adversely affect its ability to grow or maintain its sales, earnings, and cash flow. . 
3.    The company relies on a single customer for its revenues from operations for the fiscal year 2021, 2022 and 2023. Any loss of business from such customer may adversely affect its revenues and profitability
 

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FAQs

The minimum lot size of Vinyas Innovative Technologies IPO is 800 shares and the investment required is ₹1,32,000.

The price band for Vinyas Innovative Technologies IPO is Rs.162 to Rs.165 per share. 

Vinyas Innovative Technologies IPO opens from 27th September to 3rd October 2023.
 

The size of Vinyas Innovative Technologies IPO is ₹54.66 cr. 

The share allotment date of Vinyas Innovative Technologies IPO is 6th October 2023.

The Vinyas Innovative Technologies IPO will be listed on 11th October 2023.

Sarthi Capital Advisors Private Limited is the book-running lead manager for Vinyas Innovative Technologies IPO.

Vinyas Innovative Technologies plans to utilize the raised capital from the IPO to:

1.    For working capital requirements.
2.    General corporate purpose.
3.    For issue expenses. 
 

To apply for Vinyas Innovative Technologies 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 Vinyas Innovative TechnologiesIPO.    
●    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.