Vinyas Innovative Technologies Ltd. was incorporated on April 27, 2001. The company offers design, engineering, and electronics manufacturing services to global original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in the electronics industry.
| Bidding Dates |
|---|
| 27 Sep 2023 - 03 Oct 2023 |
| Subscription |
|---|
| 40.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 800 | 3.3 M | ₹162 - ₹165 | 73.68 % | ₹536.7 M - ₹546.6 M | RHP DOC |
Vinyas Innovative IPO SUBSCRIPTION STATUS
03 Oct '23Vinyas Innovative IPO overall subscription rate was 40.27 times the total available shares
Vinyas Innovative IPO retail subscription rate was 28.26 times in the retail segment
Vinyas Innovative IPO non-institutional investor subscription rate was 126.84 times in the non-institutional investor category
Vinyas Innovative IPO Qualified Institutional Bidder subscription rate was 22.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2023 (Day 4) | 28.26x | 126.84x | 22.71x |
29 Sep 2023 (Day 3) | 1.63x | 2.24x | 4.25x |
28 Sep 2023 (Day 2) | 0.77x | 1.64x | 0x |
27 Sep 2023 (Day 1) | 0.31x | 0.66x | 0x |
Vinyas Innovative 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 | 73.4 | 2,345.2 | 168.3 | 163.7 | 10.4% |
| FY22 | 10.1 | 2,077.4 | 118.2 | 108.5 | 7.7% |
| FY21 | 12.3 | 2,050.3 | -246.5 | -271.2 | 6.4% |
Vinyas Innovative IPO SUBSCRIPTION STATUS DETAILS
Vinyas Innovative had 3.3 M shares on offer
Vinyas Innovative IPO offer price was in the range ₹162 - ₹165
Vinyas Innovative IPO minimum Investment was ₹132000
Vinyas Innovative IPO issue size was ₹ 536.7 M - ₹ 546.6 M
Vinyas Innovative had a minimum lot size of 800 Shares per application
Vinyas Innovative NUMBER OF SHARES ON OFFER
Vinyas Innovative IPO IMPORTANT DATES
| Issue Open Date | 27 Sep 2023 |
| Issue close Date | 03 Oct 2023 |
| Allotment Date | 04 Oct 2023 |
| Refund Date | 05 Oct 2023 |
| Demat Account Credit Date | 05 Oct 2023 |
| Listing Date | 06 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Vinyas Innovative Allotment Status | Exchange |
Vinyas Innovative IPO subscription opened on 27 Sep 2023, and closed on 03 Oct 2023
IPO allotment for Vinyas Innovative was finalized on Wednesday, 04 Oct 2023
IPO listing for Vinyas Innovative was on NSE on Friday, 06 Oct 2023
Vinyas Innovative IPO LISTING GAINS
| Issue Price (adjusted) | 165.0 |
| Listing Open Price | 330.0 |
| Listing Close Price | 346.5 |
| Listing Gain% | 100.0% |
| Current Gain% | 677.3% |
Vinyas Innovative 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vinyas Innovative Technologies Ltd. | 1282.5 | 1614 | 52.3 | 3.1 | 13.1 | 6.6 | 518 | 30.9 | 24.5 | ||||
| KRN Heat Exchanger and Refrigeration Ltd. | 1208.4 | 7511 | 98.2 | 2.2 | 12.5 | 13.3 | 8.2 | 609.8 | 38.1 | 76.5 | 44.6 | 12.3 | 44.6 |
| Centum Electronics Ltd. | 3851.8 | 5684.9 | -110.6 | 0 | 4.6 | -13.6 | -3.6 | 968.6 | -16.8 | -46.7 | -1999.6 | -34.8 | -2567.5 |
| Cyient DLM Ltd. | 685.6 | 5442.1 | 66.3 | 3.7 | 4 | 7.2 | 4.5 | 1297.7 | -16 | 73.3 | 7.6 | 10.3 | 18.1 |
| Marine Electricals (India) Ltd. | 336.9 | 4659.1 | 79.8 | 1.5 | 5.3 | 11.8 | 6.6 | 893.2 | 14.5 | 58.4 | 51.9 | 4.2 | 51.9 |
| Hind Rectifiers Ltd. | 1310.2 | 4503.4 | 100.1 | 4.7 | 4.5 | 21.6 | 6.8 | 1000.8 | 52.4 | 45 | 21.3 | 13.1 | 21.3 |
Vinyas Innovative INFORMATION ON IPO ISSUE
About Vinyas Innovative
Vinyas Innovative Technologies Ltd. was incorporated on April 27, 2001. The company offers design, engineering, and electronics manufacturing services to global original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in the electronics industry.
Object of the Issue
- Working capital requirements of the company
- General corporate purposes
- To meet issue expenses
Vinyas Innovative - PROMOTERS
| Name |
|---|
| Narendra Narayanan |
| Narendra Sumukh |
| Meera Narendra |
Vinyas Innovative Lead Manager To The Issue
Sarthi Capital Advisors Private Limited
compliance@sarthiwm.in
Vinyas Innovative Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Vinyas Innovative Strengths
Preferred partners
The company is a preferred partner in the Indian defence and aerospace industry, boasting global accreditations
Business model
The company operates with a business model that provides clear visibility of cash flows, along with the capability to mitigate both operational and technological risks
Consistent financial performance
The company has maintained a consistent financial performance, even in the face of the adverse effects of the COVID-19 pandemic on its business operations
Vinyas Innovative Risks
Delayed payments
The company has a history of delayed payments concerning the credit facilities it has availed in the past
Dependent on one customer
The company is heavily dependent on a single customer for its revenues from operations for FY21-23. Losing business from this customer could have a significant adverse impact on revenues
Outstanding litigations
The company, along with its promoter, directors, and group entities, is involved in certain outstanding litigations. Any adverse outcome in these proceedings could negatively impact the business
IPO FAQs
The promoters of the company are Narendra Narayanan, Narendra Sumukh and Meera Narendra.
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 35.0%.
The price band of the IPO is Rs 162.0 - 165.0.
The IPO application opens on Sep 27, 2023 and closes on Oct 03, 2023.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Oct 04, 2023.
The refund will be credited to your account on Oct 05, 2023.
The allotted shares will be credited to your demat on Oct 05, 2023.
Vinyas Innovative Technologies Ltd.’s shares listed on the stock exchanges on Oct 06, 2023.