Vinsys IT Services Limited IPO is set to launch on 1 August, 2023. The company initiated its business operations in the year 2008. It offers services like IT trainings, skill developments and certification domain. The company is a part of Vinsys Group which has 8 firms together and has a very great global market footprint especially in middle eastern countries and USA.
Its services include Training and Certification, Digital Learning, IT Development Services, Technology Training, Project Management. The company is a trusted partner for many known businesses like CompTIA, SkillSoft, PECB, Oracle, AWS, EC-Council, Hybris Software, Microsoft, CISCO, Red Hat, Autodesk, IBM, PRINCE2, PMI, ITIL, ISACA, Citrix and PeopleCert.
Vinsys IT Services Limited IPO DETAILS
Vinsys IT Services Limited IPO is set to launch on 1 August, 2023. The subscription timeline extends till 4 August, 2023. The size for the IPO is 49.84 Crore Rs. Shares issued through fresh issue mode are worth 49.84 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1000 shares and the price is 121 Rs to 128 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Vinsys IT Services Limited IPO
| IPO OPENING DATE | 1 August, 2023 |
| CLOSING DATE FOR IPO | 4 August, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 121 Rs to 128 Rs per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 49.84 Crore Rs. |
| OFFER FOR SALE | No share offered through Offer for sale mode |
| FRESH ISSUE | 49.84 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 14 August, 2023 |
Vinsys IT Services Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 1 August, 2023 |
| CLOSING DATE FOR IPO | 4 August, 2023 |
| IPO ALLOTMENT DATE | 9 August, 2023 |
| REFUNDS | 10 August, 2023 |
| DEMAT A/C CREDITED ON | 11 August, 2023 |
| IPO LISTING DATE | 14 August, 2023 |
Vinsys IT Services Limited IPO begins for subscription from 1 August, 2023. The IPO subscription would continue till 4 August, 2023. The allotment status for the shareholders who applied would come on 9 August, 2023. The refunds for the ones who did not get allotment would be initiated on 10 August, 2023. The DEMAT accounts of shareholders would be credited on 11 August, 2023. The listing of the company would be completed on 14 August, 2023.
Vinsys IT Services Limited IPO : Lead Managers
The lead managers are :
- Beeline Capital Advisors Private Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 128000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 256000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 128000 Rs. |
| Maximum | 2000 shares | 256000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The IPO money will be used by the firm for payment of loans and outstandings.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 2739 | 3493 | 7293 |
| Revenue | 2041 | 3202 | 9632 |
| PAT | 34 | (- 51) | 1501 |
Vinsys IT Services Limited had an asset base of 2739 Lakh Rs in 2021 which increased to 3493 Lakh Rs in 2022 and 7293 Lakh Rs in 2023. The company’s revenue was 2041 Lakh Rs in 2021 which increased to 3202 Lakh Rs in 2022. However in 2023 the revenue increased by 3 times to 9632 Lakh Rs. The firm earned a profit of 34 Lakh Rs in 2021. However in 2022 the company incurred a loss of 51 Lakh Rs. However in 2023 the firm made a huge profit of 1501 Lakh Rs.
PROS
- Its services include Training and Certification, Digital Learning, IT Development Services, Technology Training, Project Management. The company is a trusted partner for many known businesses like CompTIA, SkillSoft, PECB, Oracle, AWS, EC-Council, Hybris Software, Microsoft, CISCO, Red Hat, Autodesk, IBM, PRINCE2, PMI, ITIL, ISACA, Citrix and PeopleCert.
- Vinsys IT Services Limited is a part of Vinsys Group which has 8 firms together and has a very great global market footprint especially in middle eastern countries and USA.
CONS
- The company works in a highly competitive segment.
Vinsys IT Services Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Vinsys IT Services Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
