Vinyas Innovative Technologies Limited IPO Detail
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.
- Build to Print (B2P) services involve the client providing the design for the product for which the company provides agile and flexible manufacturing services.
- Build to Specification (B2S) services involve utilizing the company's own design capabilities to design the relevant product based on the specifications provided by the client and manufacturing the product.
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.
Company Promoters
Mr. Narendra Narayanan, Mrs. Meera Narendra, and Mr. Narendra SumukhIPO Details
| IPO Opening Date | Sep 27, 2023 |
| IPO Closing Date | Oct 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹162 - 165 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE SME |
| Issue Size | ₹54.66 Cr |
| Fresh Issue | ₹54.66 Cr |
| Offer for Sale | - |
| Retail Portion | 33.25% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.62x | 0.47x | 0.37x | |
| Day 2 | 8.00x | - | - | 1.33x | 1.24x | 3.19x |
| Day 3 | 42.74x | - | - | 95.16x | 21.27x | 43.24x |
IPO Tentative Timetable
The Vinyas Innovative Technologies Limited IPO open date is Sep 27, 2023, and the close date is Oct 03, 2023. The issue may list on Oct 06, 2023.
| IPO Open Date | Sep 27, 2023 |
| IPO Close Date | Oct 03, 2023 |
| Basis of Allotment Date | Oct 04, 2023 |
| Initiation of Refunds | Oct 05, 2023 |
| Credit of Shares to Demat Account | Oct 05, 2023 |
| IPO Listing Date | Oct 06, 2023 |
IPO Lot Size
The Vinyas Innovative Technologies Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹132000 |
| Maximum | 1 | 800 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 39.87% |
| Post Issue Share Holding | 29.37% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 18458.95 | 20780.50 | 123.15 |
| 31-Mar-22 | 22149.04 | 21216.30 | 100.88 |
| 31-Mar-23 | 21598.64 | 23885.41 | 734.34 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working Capital requirements of the company.
- General Corporate Purposes.
- To meet Issue Expenses.
Vinyas Innovative Technologies Limited IPO Registrar:
Skyline Financial Services Private Ltd
Vinyas Innovative Technologies Limited IPO Lead Manager(s):
Sarthi Capital Advisors Private Limited
Company Contact Information:
Vinyas Innovative Technologies Limited
Plot No. 19, Survey No. 26 & 273-P,
3 rd Phase, Koorgalli Industrial Area,
Ilawala Hobali, Mysore - 570018
