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Vinyas Innovative Technologies IPO is a book built issue of Rs 54.66 crores. The issue is entirely a fresh issue of 33.13 lakh shares.
Vinyas Innovative Technologies IPO bidding started from September 27, 2023 and ended on October 3, 2023. The allotment for Vinyas Innovative Technologies IPO was finalized on Wednesday, October 4, 2023. The shares got listed on NSE SME on October 6, 2023.
Vinyas Innovative Technologies IPO price band is set at ₹162 to ₹165 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹264,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Vinyas Innovative Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Vinyas Innovative Technologies IPO is Gretex Share Broking.
Refer to Vinyas Innovative Technologies IPO RHP for detailed information.
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | October 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹165 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 3,312,800 shares (aggregating up to ₹54.66 Cr) |
| Fresh Issue | 3,312,800 shares (aggregating up to ₹54.66 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,271,926 |
| Share holding post issue | 12,584,726 |
| Market Maker portion | 166,400 shares Gretex Share Broking |
Vinyas Innovative Technologies IPO offers 3,312,800 shares. 629,600 (19.01%) to QIB, 472,000 (14.25%) to NII, 1,101,600 (33.25%) to RII 943,200 (28.47%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 943,200 (28.47%) |
| Market Maker Shares Offered | 166,400 (5.02%) |
| QIB Shares Offered | 629,600 (19.01%) |
| NII (HNI) Shares Offered | 472,000 (14.25%) |
| Retail Shares Offered | 1,101,600 (33.25%) |
| Total Shares Offered | 3,312,800 (100%) |
Vinyas Innovative Technologies IPO raises Rs 15.56 crore from anchor investors. Vinyas Innovative Technologies IPO Anchor bid date is September 26, 2023. Vinyas Innovative Technologies IPO Anchor Investors list
| Bid Date | September 26, 2023 |
| Shares Offered | 943,200 |
| Anchor Portion Size (In Cr.) | 15.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2024 |
Vinyas Innovative Technologies IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Wednesday, October 4, 2023 |
| Initiation of Refunds | Thursday, October 5, 2023 |
| Credit of Shares to Demat | Thursday, October 5, 2023 |
| Listing Date | Friday, October 6, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| HNI (Min) | 2 | 1,600 | ₹264,000 |
| Lot Size Calculator | |||
Mr. Narendra Narayanan, Mrs. Meera Narendra, and Mr. Narendra Sumukh are the company's promoters.
| Share Holding Pre Issue | 39.87% |
| Share Holding Post Issue | 29.37% |
Incorporated in 2001, 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.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 18,458.95 | 22,149.04 | 21,598.64 |
| Revenue | 20,780.50 | 21,216.30 | 23,885.41 |
| Profit After Tax | 123.15 | 100.88 | 734.34 |
| Net Worth | 3,069.38 | 3,144.74 | 4,522.99 |
| Reserves and Surplus | 2,695.17 | 2,770.54 | 4,178.79 |
| Total Borrowing | 9,365.89 | 9,542.58 | 8,571.01 |
The market capitalization of Vinyas Innovative Technologies IPO is Rs 207.65 Cr.
| KPI | Values |
|---|---|
| ROE | 16.13% |
| ROCE | 35.20% |
| Debt/Equity | 1.88 |
| RoNW | 16.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 19.62 | |
| P/E (x) | 8.4 | 28.3 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] VITL is a global player in providing related services for design, engineering, and electronics manufacturing. It posted static performance for FY21 and FY22, but reported boosted margins for FY23, and based on these earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
The Vinyas Innovative Technologies IPO is subscribed 43.24 times on October 3, 2023 7:29:00 PM. The public issue subscribed 21.27 times in the retail category, 42.74 times in the QIB category, and 95.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 42.74 |
| NII | 95.16 |
| Retail | 21.27 |
| Total | 43.24 |
Total Application : 29,293 (21.27 times)
| Listing Date | October 6, 2023 |
| BSE Script Code | |
| NSE Symbol | VINYAS |
| ISIN | INE0OLS01010 |
| Final Issue Price | ₹165 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹165.00 |
| ₹330.00 |
| ₹313.50 |
| ₹346.50 |
| ₹346.50 |
Vinyas Innovative Technologies Limited
Plot No. 19, Survey No. 26 & 273-P,
3 rd Phase, Koorgalli Industrial Area,
Ilawala Hobali, Mysore - 570018
Phone: +91 821 2404444
Email: secretarial@vinyasit.com
Website: https://www.vinyasit.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Vinyas Innovative Technologies IPO is a SME IPO of 3,312,800 equity shares of the face value of ₹10 aggregating up to ₹54.66 Crores. The issue is priced at ₹162 to ₹165 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 27, 2023, and closes on October 3, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vinyas Innovative Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Vinyas Innovative Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vinyas Innovative Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vinyas Innovative Technologies IPO opens on September 27, 2023 and closes on October 3, 2023.
Vinyas Innovative Technologies IPO lot size is 800 Shares, and the minimum amount required is ₹132,000.
You can apply in Vinyas Innovative Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vinyas Innovative Technologies IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Thursday, October 5, 2023. Check the Vinyas Innovative Technologies IPO allotment status.
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