Vinsys It Services India Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vinsys IT Serv.

CMP

362.70

+0.75 (0.21%)

₹128

Offer Price

₹ 49.84 Cr

Issue Size

₹ 1,28,000

Min Investment

1,000

Lot size

Time Line

  • 01
    Aug 2023
    Open
  • 04
    Aug 2023
    Close
  • 09
    Aug 2023
    Finalisation of Basis of Allotment
  • 10
    Aug 2023
    Initiation of Refunds
  • 11
    Aug 2023
    Transfer of Shares to Demat Account
  • 11
    Aug 2023
    Listing Date

Objects of the Offer

  • Improve global presence:

  • Leveraging its market skills and relationship:

  • Reduction of operational costs and achieving efficiency:

  • To increase brand visibility:

  • Maintaining edge over competitors:

Products & Services

  • The Company is engaged in IT business. Its core competence include Training and Certifications, Digital Learning, Project Management, and technology training.

Strengths

  • Experienced Promoters and Management Team.

  • Wide range of Service Portfolio.

  • Global Presence.

  • Quality assurance.

Risks

  • The company does not own the premises in which its registered office, training premises and Branch Office are located and the same is on lease arrangement. Any termination of such lease/license and/or non- renewal thereof and attachment by property owner could adversely affect the company operations.

  • The Company, Promoters, Promoters Group and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various courts and regulatory authorities. Any adverse decision may make us liable to liabilities/ penalties and may adversely affect the company reputation, business and financial status.

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and rofitability.

  • The company`s business is highly dependent on technology and any disruption or failure of its technological systems may affect its operations.

  • Any failure to attract and retain qualified associates who meet the training requirements of the clients may adversely affect its business prospects, reputation and future financial performance.

Company Promoters

Promoters Holding

Issue For IPO
20.99%
Pre Holding

79.10%

Post Holding

58.11%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 31.85 (56.60%) 94.85 (197.80%) 60.72 (-)
Gross Profit 31.85 (56.60%) 94.85 (197.80%) 60.72 (-)
Net Income 31.85 (56.60%) 94.85 (197.80%) 60.72 (-)
Assets 31.85 (56.60%) 94.85 (197.80%) 60.72 (-)
Liabilities 31.85 (56.60%) 94.85 (197.80%) 60.72 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vinsys IT Services India Ltd 94.85 15.01 48.74 24.01 60.72 15.01 24.73 1.90 0.47
NIIT Ltd 341.25 3.18 1,140.23 1,140.23 0.31 0.23 74.32 0.27 0.00
Aptech Ltd 456.92 67.69 481.37 481.37 26.40 16.36 61.90 14.06 0.00

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

S.No.28/11-12 Shivaji Niketan,
C.T.S. # 458A Tejas Hsng Soc,
Pune - 411038
Phone : +91 20 25382807/43 Email : compliance@vinsys.com www.vinsys.com

Offer Related Information

Public issue of 3894000 equity shares of face value of Rs. 10/- each of Vinsys IT Services India Limited ("Vinsys" or the "Company" or the "Issuer") for cash at a price of Rs. 128/- per equity share including a share premium of Rs. 118/- per equity share (the "Issue Price") aggregating to Rs. 49.84 crores ("The Issue"), of which 195000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 128/- per equity share including a share premium of Rs. 118/- per equity share... More

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