IPO Details

Bidding Dates

31 Jul '23 - 03 Aug '23

Minimum Investment

₹128,000 / 1 Lots (1000 Shares)

Price Range

₹121 - ₹128

Maximum Investment

₹128,000 / 1 Lots (1000 Shares)

Retail Discount

Not Applicable

Issue Size

₹49.84 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors   |   Retail Individual Investors  |  

Vinsys IT Services IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 31, 2023

IPO Closing Date

Aug 3, 2023

Basis of Allotment

Aug 8, 2023

Initiation of Refunds

Aug 9, 2023

Credit of Shares to Demat Account

Aug 10, 2023

IPO Listing Date

Aug 14, 2023

UPI Mandatory Expiry Date

Aug 3, 2023

Vinsys IT Services Subscription Details

DateQIBNIIRetailTotal

Day 1Jul 31, 2023

 0.01 1.63 6.91

Day 2Aug 1, 2023

 1.27 5.43 20.71

Day 3Aug 2, 2023

 7.78 20.57 57.84

Day 4Aug 3, 2023

 21.37 40.68 84.79

About Vinsys IT Services Ltd.

Vinsys IT Services was incorporated in January 2008 in Pune, Maharashtra. The company is involved in the IT business where its core competence includes training and certifications, project management, technology training and digital learning. Vinsys IT Services is an ISO 9001:2015 certified organisation committed to becoming an accredited training service provider to meet the growing demand for training and workforce development. 

Vinsys IT Services is a trusted partner with EC-Council, PeopleCert, Oracle, CISCO, Hybris Software, ISACA, Autodesk, IBM, CompTIA, Red Hat, AWS, PECB, Skillsoft, Microsoft, PRINCE2, Citrix, ITIL, and PMI. The company offers their services in 30+ countries including India, UAE, USA, etc. 

Vinsys IT Services Limited IPO Details

Vinsys IT Services is a 100% fresh IPO worth ₹49.84 crore. The issue comprises 38,94,000 shares and is priced at ₹121 to ₹128 per share. Retail investors can bid for the Vinsys IT Services Limited IPO, which will open on August 1, 2023. Vinsys IT Services Limited’s IPO will list on the NSE exchange on August 14, 2023.

Vinsys IT Services Limited IPO Objectives 

The objectives of Vinsys IT Services Limited's IPO are listed below:

  • To fund the working capital requirement of the company 
  • For the repayment of loans to subsidiaries 
  • For loan to subsidiary 
  • To meet the general corporate purposes
  • To meet the issue expenses 

Noteworthy Highlights of Vinsys IT Services Ltd

  • Vinsys IT Services Ltd’s corporate clients include big players like Infosys, IBM, HSBC, Atos, Dubai Airports, Siemens, EY, etc. 
  • The promoters of the company have 28 years of experience in Training and Certifications and IT Services Industry.
  • As they have a global presence, they customise their certifications according to the country’s local requirements.

Peer Details

NIIT Limited and Aptech Limited are the listed peers of Vinsys IT Services that offer the same business

Vinsys IT Services Ltd Company Financials

Particulars March 31, 2023 (₹ in lakh) March 31, 2022 (₹ in lakh) March 31, 2021 (₹ in lakh)
Revenue from Operations 9,485.01 3,184.72 2,033.83
Profit After Tax (PAT) 1,501.38 -51.61 34.78
Net Worth 2,472.51 716.07 773.51
Total Borrowings 2,310.80 2,050.32 1,427.08

Know before investing

Strengths

2

  1. The revenue of the company has doubled from ₹2,033.83 on March 31, 2021, to ₹9,485.01 on March 31, 2023.

  2. The company’s net worth increased 3 times from ₹773.51 on March 31, 2021, to ₹2,472.51 on March 31, 2023.

Risks

2

  1. The company’s revenue is highly dependent on a few clients. The loss of these clients can impact sales.

  2. There are tax-related legal proceedings against the company, its promoters and its directors.

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Vinsys IT Services Ltd IPO FAQs

What is Vinsys IT Services Limited's IPO?

The Vinsys IT Services Ltd IPO contains 100% fresh IPO worth ₹49.84 crore. The issue comprises 38,94,000 shares and is priced at ₹121 to ₹128 per share. The IPO will open on August 1, 2023.   

When will Vinsys IT Services Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, August 9, 2023.

When will Vinsys IT Services Limited's IPO open for subscription?

The IPO subscription window will open on August 1, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 1,000 shares.

When will Vinsys IT Services Limited list on exchanges?

Vinsys IT Services Ltd IPO will list on the NSE exchange on Monday, August 14, 2023.

How do I check the allotment status of the Vinsys IT Services Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Vinsys IT Services Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Monday, August 14, 2023, for Vinsys IT Services Ltd.

I have finished the application process for the Vinsys IT Services Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Vinsys IT Services Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Vinsys IT Services Limited using one PAN?

You can submit only one application using your PAN card.