Vinyas Innovative Technologies IPO Details: The scheduled date for Vinyas Innovative IPO has been confirmed. The IPO is set to enter the market on September 27th and conclude on October 3rd. The company aims to gather approximately ₹___ crores through this IPO. This sum includes a fresh issue of ₹___ crores via 3312800 shares, each valued at ₹10. The retail quota is 35%, while QIB is 50% and HNI is 15%.
What is Vinyas Innovative Technologies IPO?
Vinyas Innovative Technologies is a small and medium enterprise (SME) that provides design, engineering, and electronics manufacturing services (EMS) to global Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the electronics industry. The company’s services include:
- Product design and development
- Prototyping and testing
- Manufacturing and assembly
- Supply chain management
Vinyas Innovative Technologies has a strong track record of profitability and revenue growth. In FY23, it reported revenue of ₹238.85 crores and profit after tax of ₹15.74 crores.
The company’s IPO is aimed at raising ₹54.66 crores through the issue of 3,312,800 equity shares of the face value of ₹10 each. The IPO price band is set at ₹162 to ₹165 per share. The IPO opens on September 27 and closes on October 3, 2023.
The company plans to use the proceeds of the IPO to:
- Expand its manufacturing capacity
- Set up new offices in key cities in India
- Invest in new technologies and equipment
- Acquire smaller EMS companies
The Vinyas Innovative Technologies IPO is a good opportunity for investors to invest in a growing company with a strong track record. The company has a diversified business model and a wide range of clients. It is also well-positioned to benefit from the growing demand for EMS services in India.
However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape. Investors should also carefully consider the company’s financial statements and IPO prospectus before making an investment decision.
Objectives of Vinyas Innovative Technologies IPO
The objectives of the Vinyas Innovative Technologies IPO are as follows:
- To expand the company’s manufacturing capacity and set up new offices in key cities in India.
- To invest in new technologies and equipment to improve the company’s efficiency and productivity.
- To acquire smaller EMS companies to expand the company’s product portfolio and customer base.
- To meet the company’s working capital requirements and general corporate purposes.
In short, the Vinyas Innovative Technologies IPO is aimed at raising funds to support the company’s growth and expansion plans, as well as to improve its financial health.
Vinyas Innovative Technologies IPO Date & Price Band Details
| IPO Open: | September 27, 2023 |
| IPO Close: | October 3, 2023 |
| IPO Size: | Approx ₹54.66 Crores, 3,312,800 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹162 to ₹165 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Vinyas Innovative Technologies IPO Market Lot
The Vinyas Innovative Technologies IPO minimum market lot is 800 shares with a ₹132,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹132,000 |
| Retail Maximum | 1 | 800 | ₹132,000 |
| S-HNI Minimum | 2 | 1600 | ₹264,000 |
Vinyas Innovative Technologies IPO Dates
The Vinyas Innovative Technologies IPO date is September 27 and the IPO close date is October 3. The IPO allotment date is October 6 and the IPO might list on October 11.
| IPO Open Date: | September 27, 2023 |
| IPO Close Date: | October 3, 2023 |
| Basis of Allotment: | October 6, 2023 |
| Refunds: | October 9, 2023 |
| Credit to Demat Account: | October 10, 2023 |
| IPO Listing Date: | October 11, 2023 |
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Vinyas Innovative IPO Subscription Status
For the latest update on the Vinyas Innovative IPO, you can check this dedicated page for IPO subscription status.
Vinyas Innovative Technologies IPO Allotment Status
For the latest update on the Vinyas Innovative Technologies IPO, you can check this dedicated page for IPO allotment status.
Vinyas Innovative Technologies IPO Forms
For IPO form for the Vinyas Innovative Technologies IPO, you can check this dedicated page for IPO Forms.
Vinyas Innovative Technologies Company Financials
According to the Vinyas Innovative Technologies IPO prospectus, the company’s financials for the past three years are as follows:
| Financial Year | Revenue (₹ crores) | Profit After Tax (₹ crores) |
|---|---|---|
| 2022-23 | 238.85 | 15.74 |
| 2021-22 | 212.16 | 10.08 |
| 2020-21 | 207.80 | 1.23 |
As you can see, the company’s revenue has grown steadily over the past three years, while its profit after tax has fluctuated. This is because the company has been investing heavily in its growth, which has led to higher expenses in the short term.
However, the company’s financials are still positive overall. The company has a healthy balance sheet with a debt-to-equity ratio of 0.89, which is below the industry average. This suggests that the company is not excessively leveraged and has the financial capacity to support its growth plans.
Overall, the Vinyas Innovative Technologies Company financials are positive and suggest that the company is a good investment opportunity. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Note: The company’s financial statements for the financial year 2022-23 are still under audit. The above financials are based on the company’s unaudited financial statements.
Additional factors to consider:
- The company’s IPO is priced at ₹162 to ₹165 per equity share, which is at the higher end of the price band. This suggests that the company is confident in its prospects and is looking for a premium valuation. However, investors should be aware that a higher valuation also means higher risk.
- The company’s IPO is opening during a volatile market environment. This could make it difficult for the company to raise the full amount of money that it is targeting.
- The company’s IPO is being subscribed by a mix of institutional and retail investors. This suggests that there is a good demand for the company’s shares from both types of investors.
Vinyas Innovative IPO Pros & Cons
Pros:
- Strong track record of revenue growth
- Diversified business model with a wide range of clients
- Well-positioned to benefit from the growing demand for EMS services in India
- Experienced management team
- Reasonable valuation
Cons:
- Small company with limited market share
- Competitive landscape
- IPO proceeds may not be sufficient to fund all of the company’s growth plans
Overall, the Vinyas Innovative Technologies IPO is a good opportunity for investors to invest in a growing company with a strong track record. However, investors should be aware of the risks associated with investing in a small company, such as limited market share and competitive landscape.
Investors should carefully consider all of the factors above before making an investment decision.
Additional factors to consider:
- The company’s IPO is priced at the higher end of the price band. This suggests that the company is confident in its prospects and is looking for a premium valuation. However, investors should be aware that a higher valuation also means higher risk.
- The company’s IPO is opening during a volatile market environment. This could make it difficult for the company to raise the full amount of money that it is targeting.
- The company’s IPO is being subscribed by a mix of institutional and retail investors. This suggests that there is a good demand for the company’s shares from both types of investors.
Company Promoters
- Mr. Narendra Narayanan
- Mrs. Meera Narendra
- Mr. Sumukh Narendra
Vinyas Innovative Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Address
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 FAQs
The IPO is set to enter the market on September 27th and conclude on October 3rd.
The IPO will open on 27th September 2023.
There are two ways to apply for the Vinyas Innovative Technologies IPO:
1. Through your bank
Most banks in India offer ASBA (Application Supported by Blocked Amount) facility, which allows you to apply for IPOs online using your bank account. To apply for the Vinyas Innovative Technologies IPO through your bank, follow these steps:
Log in to your net banking account.
Go to the ‘ASBA’ section.
Select the ‘Vinyas Innovative Technologies IPO’ from the list of available IPOs.
Enter the number of shares you want to apply for and the price you are willing to pay.
Block the required amount in your bank account.
Submit the application.
2. Through your broker
If you have a demat account with a stockbroker, you can also apply for the Vinyas Innovative Technologies IPO through your broker. To do this, you will need to fill out an IPO application form and submit it to your broker. Your broker will then submit the application to the stock exchange on your behalf.
Note: The minimum lot size for the Vinyas Innovative Technologies IPO is 1,200 shares. This means that you must apply for at least 1,200 shares. The price of each share is between ₹162 and ₹165.
Here are some additional tips for applying for IPOs:
Apply for IPOs as early as possible. IPOs are often oversubscribed, which means that there are more applications than shares available. If you apply early, you are more likely to get an allotment of shares.
Be sure to block the required amount in your bank account before applying for the IPO. If you do not have enough funds in your account, your application will be rejected.
Check the IPO status regularly. The IPO status will tell you whether your application has been accepted, rejected, or partially allotted.