Bookbuilding IPO | ₹55 Cr | Listed at NSE SME | Wed, Sep 27, 2023 - Tue, Oct 3, 2023
Vinyas Innovative Technologies IPO is a book build issue of ₹54.66 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹54.66 crore.
Vinyas Innovative Technologies IPO bidding started from Sep 27, 2023 and ended on Oct 3, 2023. The allotment for Vinyas Innovative Technologies IPO was finalized on Oct 4, 2023. The shares got listed on NSE SME on Oct 6, 2023.
Vinyas Innovative Technologies IPO price band is set at ₹165 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,32,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,64,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Vinyas Innovative Technologies IPO RHP for detailed Information.
IPO Open
Wed, Sep 27, 2023
IPO Close
Tue, Oct 3, 2023
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹207.65 Cr
| IPO Date | 27 Sep to 3 Oct, 2023 |
| Listed on | Fri, Oct 6, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹165 |
| Issue Price | ₹165 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,12,800 shares (agg. up to ₹55 Cr) |
| Reserved for Market Maker | 1,66,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 31,46,400 shares (agg. up to ₹52 Cr) |
| Net Offered to Public | 31,46,400 shares (agg. up to ₹52 Cr) |
| Share Holding Pre Issue | 92,71,926 shares |
| Share Holding Post Issue | 1,25,84,726 shares |
| NSE Symbol | VINYAS |
| ISIN | INE0OLS01010 |
Vinyas Innovative Technologies IPO comprises a total issue size of 33,12,800 shares. The net offer to the public is 31,46,400 shares, after excluding 1,66,400 shares allotted on a firm basis. Of the Net offer 15,72,800 (49.99%) are allocated to QIB, 4,72,000 (15.00%) allocated to NII 11,01,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 15,72,800 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 9,43,200 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 6,29,600 | 19.01% | |
| NII (HNI) Shares Offered | 4,72,000 | 15.00% | 14.25% |
| Retail Shares Offered | 11,01,600 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,66,400 | 5.02% | |
| Total Shares Offered | 33,12,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,32,000 |
| Retail (Max) | 1 | 800 | ₹1,32,000 |
| HNI (Min) | 2 | 1,600 | ₹2,64,000 |
Vinyas Innovative Technologies IPO raises ₹15.56 crore from anchor investors. Vinyas Innovative Technologies IPO Anchor bid date is September 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 26, 2023 |
| Shares Offered | 9,43,200 |
| Anchor Portion (₹ Cr.) | 15.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 2, 2024 |
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.
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.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 215.99 | 221.49 | 184.59 |
| Total Income | 238.85 | 212.16 | 207.81 |
| Profit After Tax | 7.34 | 1.01 | 1.23 |
| NET Worth | 45.23 | 31.45 | 30.69 |
| Reserves and Surplus | 41.79 | 27.71 | 26.95 |
| Total Borrowing | 85.71 | 95.43 | 93.66 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital requirements of our Company | 46.36 |
| 2 | General Corporate Purposes | 4.45 |
| KPI | |
|---|---|
| ROE | 16.13% |
| ROCE | 35.20% |
| Debt/Equity | 1.88 |
| RoNW | 16.13% |
| PAT Margin | 3.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 19.62 | |
| P/E (x) | 8.4 | 28.3 |
| Promoter Holding | 39.87% | 29.37% |
| Market Cap | ₹207.65 Cr. |
The Vinyas Innovative Technologies IPO is subscribed 43.24 times on October 3, 2023 7:29:00 PM (Day 4). 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 | 2,34,34,400 |
| Total | 43.24 | 22,03,200 | 9,52,62,400 |
Total Application : 29,293
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 3.34 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.10 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.15 |
| 5 | Fees payable to Peer Reviewed Auditor | 0.12 |
| 6 | Fees payable to Market Maker | 0.08 |
| 7 | Escrow Banker Fees | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹165.00 |
| Open | ₹330.00 |
| Low | ₹313.50 |
| High | ₹346.50 |
| Last Trade | ₹346.50 |
Lead Manager Reports
Vinyas Innovative Technologies IPO is a SME IPO of 33,12,800 equity shares of the face value of ₹10 aggregating up to ₹55 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800.
The IPO opens on Wed, Sep 27, 2023, and closes on Tue, Oct 3, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vinyas Innovative Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Vinyas Innovative Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vinyas Innovative Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vinyas Innovative Technologies IPO opens on Wed, Sep 27, 2023 and closes on Tue, Oct 3, 2023.
Vinyas Innovative Technologies IPO lot size is 800, and the minimum amount required for application is ₹1,32,000.
You can apply in Vinyas Innovative Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vinyas Innovative Technologies IPO will be done on Wednesday, October 4, 2023, and the allotted shares will be credited to your demat account by Thu, Oct 5, 2023. Check the Vinyas Innovative Technologies IPO allotment status.
The Vinyas Innovative Technologies IPO listing date is on Fri, Oct 6, 2023.
