Vinsys IT Services India was established on January 11, 2008. The company operates in the IT industry and specializes in various areas such as training and certifications, digital learning, project management, and technology training. These are the core competencies of the company
| Bidding Dates |
|---|
| 01 Aug 2023 - 04 Aug 2023 |
| Subscription |
|---|
| 59.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 1000 | 3.9 M | ₹121 - ₹128 | 73.47 % | ₹471.2 M - ₹498.4 M | RHP DOC |
Vinsys IT Services IPO SUBSCRIPTION STATUS
04 Aug '23Vinsys IT Services IPO overall subscription rate was 59.27 times the total available shares
Vinsys IT Services IPO retail subscription rate was 106 times in the retail segment
Vinsys IT Services IPO non-institutional investor subscription rate was 101 times in the non-institutional investor category
Vinsys IT Services IPO Qualified Institutional Bidder subscription rate was 14.04 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 15% | 15% | 50% |
04 Aug 2023 (Day 4) | 106x | 101x | 14.04x |
03 Aug 2023 (Day 3) | 105.84x | 100.97x | 14.04x |
02 Aug 2023 (Day 2) | 19.37x | 5.49x | 0.48x |
01 Aug 2023 (Day 1) | 6.32x | 1.87x | 0x |
Vinsys IT Services FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 150.1 | 948.5 | 104.7 | 76.4 | 20.0% |
| FY22 | -5.2 | 318.5 | -4.9 | -53.1 | 8.4% |
| FY21 | 3.5 | 203.4 | 12.3 | -29.5 | 9.7% |
Vinsys IT Services IPO SUBSCRIPTION STATUS DETAILS
Vinsys IT Services had 3.9 M shares on offer
Vinsys IT Services IPO offer price was in the range ₹121 - ₹128
Vinsys IT Services IPO minimum Investment was ₹128000
Vinsys IT Services IPO issue size was ₹ 471.2 M - ₹ 498.4 M
Vinsys IT Services had a minimum lot size of 1000 Shares per application
Vinsys IT Services NUMBER OF SHARES ON OFFER
Vinsys IT Services IPO IMPORTANT DATES
| Issue Open Date | 01 Aug 2023 |
| Issue close Date | 04 Aug 2023 |
| Allotment Date | 09 Aug 2023 |
| Refund Date | 10 Aug 2023 |
| Demat Account Credit Date | 11 Aug 2023 |
| Listing Date | 11 Aug 2023 |
| Listing on Exchange(s) | NSE |
| Vinsys IT Services Allotment Status | Exchange |
Vinsys IT Services IPO subscription opened on 01 Aug 2023, and closed on 04 Aug 2023
IPO allotment for Vinsys IT Services was finalized on Wednesday, 09 Aug 2023
IPO listing for Vinsys IT Services was on NSE on Friday, 11 Aug 2023
Vinsys IT Services IPO LISTING GAINS
| Issue Price (adjusted) | 128.0 |
| Listing Open Price | 207.3 |
| Listing Close Price | 217.6 |
| Listing Gain% | 61.9% |
| Current Gain% | 350.8% |
Vinsys IT Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vinsys IT Services India Ltd. | 577 | 846.9 | 28.1 | 127.4 | 3.1 | 18.7 | 12.4 | 270.2 | 26 | 30.2 | 0.7 | 20.5 | 0.2 |
| Veranda Learning Solutions Ltd. | 258 | 2485.4 | 21.7 | 0.1 | 4.8 | 11 | 5.8 | 518.8 | 0.1 | 105.5 | 142.7 | 11.9 | 146.6 |
| NIIT Ltd. | 95.1 | 1301 | 144.7 | -1.8 | 3.2 | 0.5 | 0.4 | 456.7 | 4.4 | 5.3 | -88.5 | 0.7 | -79 |
| Aptech Ltd. | 96.3 | 558.4 | 22.8 | 1.3 | 1.1 | 9.5 | 5.5 | 519.8 | 9.2 | 23.5 | 23.3 | 4.2 | 17.8 |
| Compucom Software Ltd. | 13.1 | 104 | 35.8 | -1.9 | 3.1 | 2 | 1.4 | 40.9 | 2.1 | 2.9 | 94.4 | 0.4 | -19 |
| Jetking Infotrain Ltd. | 106 | 62.6 | -20.4 | 0 | 2.9 | -2.1 | -1.8 | 26.4 | -6.4 | -0.9 | -129 | -5.2 | -464.2 |
Vinsys IT Services INFORMATION ON IPO ISSUE
About Vinsys IT Services
Vinsys IT Services India was established on January 11, 2008. The company operates in the IT industry and specializes in various areas such as training and certifications, digital learning, project management, and technology training. These are the core competencies of the company
Object of the Issue
- To meet working capital requirements
- Loan to subsidiary/repayment of loan to subsidiary
- General corporate purposes
- To meet public issue expenses
Vinsys IT Services - PROMOTERS
| Name |
|---|
| Vikrant Shivajirao Patil |
| Vinaya Vikrant Patil |
Vinsys IT Services Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Vinsys IT Services Registrar to the Issue
Link Intime India Private Limited
vinsys.ipo@linkintime.co.in
Vinsys IT Services Strengths
Wide range of service portfolio
The company offers comprehensive solutions to corporate clients, providing a wide range of services under one roof. It offers a diverse portfolio of 326 courses, covering 17 domains, for training and certifications
Global Presence
Vinsys group has a global presence, providing training services in various countries worldwide
Quality assurance
As an ISO 9001:2015 certified organization, the company is committed to becoming an accredited training service provider to meet the increasing demand for training and workforce development. With certifications of CMMIDEV/3 and ISO 27001, the company showcases its strict adherence to quality control standards
Vinsys IT Services Risks
Certain litigation and claims
The company, its promoters, promoters group, and group companies are involved in certain litigation and claims. Any unfavourable decision may result in liabilities, and penalties, and could have a negative impact on the company's reputation
Dependent on few customers
The company relies heavily on a limited number of customers for sales. If it were to lose any of these significant customers, it could have a considerable impact on its revenues and profitability
Negative cash flow
The company has experienced negative cash flow from operating activities in recent fiscal years. Sustained negative cash flow could potentially have adverse effects on the business
IPO FAQs
The promoters of the company are Vikrant Shivajirao Patil and Vinaya Vikrant Patil.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 15.0%.
The price band of the IPO is Rs 121.0 - 128.0.
The IPO application opens on Aug 01, 2023 and closes on Aug 04, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Aug 09, 2023.
The refund will be credited to your account on Aug 10, 2023.
The allotted shares will be credited to your demat on Aug 11, 2023.
Vinsys IT Services India Ltd.’s shares listed on the stock exchanges on Aug 11, 2023.