The Vinyas Innovative Technologies Limited IPO is a book-built offering with a total value of Rs 54.66 crores, comprising an entirely fresh issue of 33.13 lakh shares.
The subscription period for the Vinyas Innovative Technologies IPO opened on September 27, 2023, and is set to close today, October 3, 2023. The allotment of shares for this IPO is expected to be finalized on Wednesday, October 4, 2023. The shares of Vinyas Innovative Technologies are scheduled to be listed on the NSE SME platform with a tentative listing date set for Friday, October 6, 2023.
Investors had the opportunity to participate in the Vinyas Innovative Technologies IPO within a price range of ₹162 to ₹165 per share. The minimum lot size for an application was set at 800 shares, requiring a minimum investment of ₹132,000 for retail investors.
High Net Worth Individuals (HNI) were required to invest in a minimum of 2 lots, equivalent to 1,600 shares, amounting to ₹264,000.
Sarthi Capital Advisors Private Limited acted as the book running lead manager for the Vinyas Innovative Technologies IPO, while Skyline Financial Services Private Ltd served as the registrar for the issue. The market maker for the Vinyas Innovative Technologies IPO was Gretex Share Broking.
For more detailed information about this IPO, please refer to the Vinyas Innovative Technologies IPO RHP (Red Herring Prospectus).
Vinyas Innovative Technologies IPO Details #
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | [.] |
| 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 |
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% |
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 Subscription Status (Bidding Detail) #
The Vinyas Innovative Technologies IPO is subscribed 43.24 times on Oct 3, 2023 4:59:00 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 42.74 | 6,29,600 | 2,69,11,200 |
| NII* | 95.16 | 4,72,000 | 4,49,16,800 |
| Retail | 21.27 | 11,01,600 | 2,34,30,400 |
| Total | 43.24 | 22,03,200 | 9,52,58,400 |
Total Application : 29,288 (21.27 times)
Vinyas Innovative Technologies IPO Prospectus #
- › Vinyas Innovative Technologies IPO DRHP
- › Vinyas Innovative Technologies IPO RHP
- › Anchor Investors in Vinyas Innovative Technologies IPO
Vinyas Innovative Technologies IPO Contact Details #
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
Vinyas Innovative Technologies IPO Lead Manager(s) #
FAQs #
What is the total value of the Vinyas Innovative Technologies IPO, and what does it comprise? #
The Vinyas Innovative Technologies IPO has a total value of Rs 54.66 crores, consisting of an entirely fresh issue of 33.13 lakh shares.
When did the subscription period for the Vinyas Innovative Technologies IPO open and close? #
The subscription period for the Vinyas Innovative Technologies IPO opened on September 27, 2023, and closed on October 3, 2023.
What was the price range for Vinyas Innovative Technologies IPO shares, and what was the minimum lot size for retail investors? #
Investors could participate in the Vinyas Innovative Technologies IPO within a price range of ₹162 to ₹165 per share, with a minimum lot size of 800 shares, requiring an investment of ₹132,000 for retail investors.
Who were the key players involved in managing the Vinyas Innovative Technologies IPO? #
Sarthi Capital Advisors Private Limited acted as the book running lead manager, and Skyline Financial Services Private Ltd served as the registrar for the Vinyas Innovative Technologies IPO. Gretex Share Broking was the market maker.
What are the primary services provided by Vinyas Innovative Technologies Limited? #
Vinyas Innovative Technologies Limited offers design, engineering, and electronics manufacturing services to global OEMs and ODMs in the electronic industry, including Build to Print (B2P) and Build to Specification (B2S) services.
What are the financial indicators of Vinyas Innovative Technologies as of the latest available data? #
As of the latest available data, Vinyas Innovative Technologies had a market cap of Rs 207.65 crores, a P/E ratio of 8.4, an ROE of 16.13%, and an ROCE of 35.20%.
What are the main objectives for which Vinyas Innovative Technologies intends to utilize the net proceeds from the IPO? #
Vinyas Innovative Technologies plans to use the net proceeds from the IPO for working capital requirements, general corporate purposes, and to meet issue expenses.
