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.
Vinyas Innovative Technologies IPO Details
| 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 Reservation
Vinyas Innovative Technologies IPO a total of 3,312,800 shares are offered. QIB: 629,600 (19.01%), NII: 472,000 (14.25%), RII: 1,101,600 (33.25%).
| 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 Anchor Investors Details
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 17, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 13, 2024 |
Vinyas Innovative Technologies IPO Timeline (Tentative Schedule)
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 |
Vinyas Innovative Technologies IPO Lot Size
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 |
Vinyas Innovative Technologies IPO Promoter Holding
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% |
About Vinyas Innovative Technologies Limited
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 Financials
| 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 |
Amount in ₹ Lakhs
Key Performance Indicator
Vinyas Innovative Technologies IPO Market Cap is Rs 207.65 Cr and P/E (x) is 8.4.
| KPI | Values |
|---|---|
| P/E (x) | 8.4 |
| Post P/E (x) | 28.3 |
| Market Cap (₹ Cr.) | 207.65 |
| ROE | 16.13% |
| ROCE | 35.20% |
| Debt/Equity | 1.88 |
| EPS (Rs) | 19.62 |
| RoNW | 16.13% |
Check Vinyas Innovative Technologies IPO Peer Comparison here.
Objects of the Issue (Vinyas Innovative Technologies IPO Objectives)
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 IPO Review (May apply)
[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…
Vinyas Innovative Technologies IPO Subscription Status (Bidding Detail)
The Vinyas Innovative Technologies IPO is subscribed 43.24 times on Oct 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)
Vinyas Innovative Technologies IPO Listing Details
| Listing Date | October 6, 2023 |
| BSE Script Code | |
| NSE Symbol | VINYAS |
| ISIN | INE0OLS01010 |
| Final Issue Price | ₹165 per share |
Listing Day Trading Information
| 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 IPO Contact Details
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/
Vinyas Innovative Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php