Vinsys IT Services IPO Opens on 1st August 2023 and Closes on 4th August 2023.
The company has entered into public issues to expand its capital base and fulfill its business goals in the future. The current GMP is around ₹22.
Objectives:
Vinsys IT Services India Limited has fulfilled all the public issue formalities with the SEBI and is ready to open its initial public offer at the National Stock Exchange. The capital acquired from the IPO shall be invested to realize the company’s goals in the following business segments.
- The company plans to invest a part of the capital obtained from the public offer to meet the working capital needs.
- A portion of the IPO capital shall be spent in the form of loans to its subsidiaries. Or, to make loan repayments to the subsidiary.
- The rest of the capital raised from the IPO shall be used for general corporate purposes, and meet the public issue expenses.
Vinsys IT Services IPO Date, Price, GMP, Review, IPO Analysis
Vinsys IT Services Private Limited is a learning and training company that nurtures corporate professionals in various verticals like IT, management, etc. and has expanded its business operations in several parts of India, the USA, and Eastern Asian Countries.
To make an enriched global presence and in the phase of business expansion, the company has opted to go in for public funding through an initial public offer. Individual investors can make an investment provided they are able to understand the financial position, corporate background, performance of key activities, etc.
Certain parameters such as key performance indicators, company financial performance for 3 years, and comparison with its peers can become adequate support in deciding to opt for IPO buying or not. The article defines the objectives of the company’s operations and the way the IPO funds shall be put into investment in the company’s developmental activities.
Once decided, the information on the IPO issue, such as IPO details, mainly the share price, bid lot size, IPO reservations, and GMP can be valuable info for an investment. However, the detailing of the IPO event tentatively provides the timetable of the IPO listing for your reference.
Activities of the Company:
Vinsys IT Services India Limited confines its activities to training and certification and enables IT development services.
The company belongs to its parent group, Vinsys. Currently, the group holds its operations in eight entities in India and has its establishments in the USA, and Middle Eastern countries.
As a part of its business operations, the company focuses on training and certification, and IT development services.
However, the company has entered into public issues to expand its capital base and fulfill its business goals in the future.
Vinsys IT Services IPO Details
Besides the steps that are involved from the opening of the IPO issue to the listing of the Issue in the National Stock Exchange, you must know the price value, face value, and all relevant issues related to the IPO shares.
The IPO issue is based on the book built and the fresh issue will be in the order of 3,894,000 shares.
The Pre issue shareholding will be 10,783,927 and the post-issue shares will be 14,677,927 and the entire activity is run by the Sunflower broking services.
Price per share/Face Value/Lot Size of IPO Issue
The company’s share shall be listed in the national stock exchange somewhere between ₹121 to ₹128 having a face value of ₹10 per share and the lot size is equivalent to 1000 shares.
The IPO issue shall be allowed a total number of 3,894,000 shares that sum up to ₹49.84 Cr.
You can apply for an IPO issue and if you are a retail applicant then you are eligible to purchase one lot which comprises 1000 shares. at a price of ₹128,000.
That means the minimum and maximum lot allotment for the retail segment is only 1. If you belong to the HNI segment, then the minimum lot size is 2 which means you are eligible for 2000 shares at a price of ₹256,000.
There is no limitation on the maximum number of lots for the HNI segment.
Vinsys IT Services IPO Reservation
The company invites investors to participate in the public offer yet to be released on Tuesday, 01 August 2023. The allotment of the public issue must be conducted in a definite order, such as QIB shares can be up to 50 percent of the net issue (3,894,000 shares).
And, NII(HNI) shares should be more than 15 percent of the net issue and retail shares should be equal to or above 35 percent of the net issue. The market maker portion shall be allotted 195,000 shares and the post-IPO issue shares will be 14,677,927.
Key Performance Indicator:
You must definitely check for the key performance indicators before opting for the IPO issue, as they hold the credentials of the performing company, Vinsys IT Service Private Limited. These key performance indicators, KPI, are ROE ( 94.17%), ROCE (51.46%), Debt/Equity (.093), EPS (Rs) (15.01), and RoNW(60.72%).
Gray Market Premium (GMP):
The stock markets have graded GMP on the upper band of the IPO Price of ₹128 per share as ₹22. The listing premium is expected to be about 17.19 percent over the list price and hence the listing price can become stable at ₹150 per share on 14 August 2023.
Vinsys IT Services IPO Timetable (Tentative)
The National Stock Exchange, NSE, provides the tentative dates for the IPO issue and the listing completes in six steps.
Each step is conducted on a specific date and it is in this manner. Vinsys IT Service Private Limited opens IPO on Tuesday, 01 August 2023, and closes on 04 August 2023, and for UPI mandate confirmation is 5 PM ( cut-off time).
The exchange shall begin the allotment on Wednesday, 9 August 2023 and then the refund on the IPO payments shall begin on Thursday, 10 August 2023.
Further, shares will be credited to your demat account after confirmation of the allotment on Friday, 11 August 2023 and ultimately, the IPO issue is listed on Monday, 14 August 2023.
Financial History
The tabular column below is the consolidated table of three consecutive years, FY 21, 22, and 23 and it covers the following fields such as period end, total assets, total revenue, profit after tax, network, and surplus, and the total borrowing.
| Financial Year End | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 3/31/2021 | 2,739.97 | 2,041.04 | 34.78 | 773.51 | 673.51 | 1,427.08 |
| 3/31/2022 | 3,493.16 | 3,202.69 | -51.61 | 716.07 | 616.07 | 2,050.32 |
| 3/31/2023 | 7,293.60 | 9,632.25 | 1,501.38 | 2,472.51 | 1,472.51 | 2,310.80 |
Peer Comparison
Vinsys IT Services Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)
Vinsys IT Services Limited competes closely with its peers NIIT Limited, and Aptech Limited. Below is the list of parameters tabled in a tabular form and they are a consolidation on March 31, 2023.
The tabular column belongs to the parameters like EPS(Rs), EPS Basic, NAV(Per Share), P/E(X),& RoNW(%).
| Company Name | EPS Basic | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
| Vinsys IT Services Limited | 15.01 | 24.73 | 60.72 | |
| NIIT Limited | 0.23 | 24.23 | 1,418.91 | 0.84 |
| Aptech Limited | 16.32 | 61.9 | 20.9 | 26.4 |
About the Company:
Vinsys IT Services was formed in 1999 by CEO & MD Vikrant Patil, a one-stop training provider in the field of Corporate training & human resource development.
Under his able guidance, the company is involved in diverse activities such as corporate & learning and development consultancy.
The company trains professionals belonging to technology, IT service management, IT Governance, Project Management, foreign languages, behavioral management, and other concerned managerial solutions.
Vinsys IT Services IPO Promoters:
The entire activity of IPO fundraising is conducted by the company’s promoters, Mr.Vikrant Shivajirao, and Mrs. Vinaya Vikrant Patil and they hold company shares of 92.74 percent after the post-public issue their shareholding capacity shall slide down to 68.13 percent.
Key Takeaways:
- Vinsys IT services attained ISO 9001 certificate in 2015 and has operated since 1999. The course participants shall receive training by committed trainers and they are made available for 24 X 7. The company is quality driven and acknowledged by key organizations across the industries.
- Till date, the 6000 plus professionals have undergone various professional training, and at the recognized centers the company has incorporated about 1000 plus training professionals having a high degree of subject expertise.
- Coming to the infrastructure facilities, the company can accommodate 2,400 delegates worldwide, and it is equipped with 140 labs. It holds the credibility of serving 3000-plus corporations in a global context.
Vinsys IT Services IPO Registrar ( Link Intime India Private Ltd)
The company has assigned the matters of IPO issue to Linkintime, an IPO registrar for the upcoming NSE listing. Linkintime has opened the communication channel for contacting and they are Phone: +91-22-4918 6270, Email: vinsys.ipo@linkintime.co.in, Website: https://linkintime.co.in/mipo/ipoallotment.html
Company Contact Information:
You can approach Vinsys IT Services Limited for queries at any of the designated channels such as Phone: +91 2025382807/43 Email: compliance@vinsys.com, Website: https://www.vinsys.com/ or make contact in person at the Corporate Office, Vinsys IT Services Limited, S. No. 28/11- 12, Shivaji Niketan, C.T.S. No. 458A, Tejas Housing Society, Kothrud, Pune – 411038.