Vinsys IT Services India Ltd Share Price – NSE

Computer Education, Small Cap

Vinsys IT Services India will hold a meeting of the Board of Directors of the Company on 10 November 2023.

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The scrip was listed at Rs 207.25, at a premium of 62% to the issue price. The scrip hit a low of Rs 200.10. About 17.99 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Vinsys IT Services India was subscribed 89 times. The issue was open between 1st and 4th August 2023. The price band of the IPO was fixed at Rs 121-128 per share.

The IPO comprised fresh issue of 38,94,000 shares The promoter and promoter group shareholding will dilute to 68.13% from 92.74% pre-IPO.

The company intends to utilize the net proceeds to meet working capital requirements, repayment of loan to subsidiary, loan to subsidiary and general corporate purpose.

Ahead of the IPO, Vinsys IT Services India on 31 July 2023, raised Rs 14.18 crore from anchor investors. The board allotted 11,08,000 shares at Rs 128 per share to 6 anchor investors.

Vinsys IT Services India is engaged in IT business. Its core competence includes Training and Certifications, Digital Learning, Project Management, and technology training. It has catered corporate clients across continents which, includes IBM, Atos, Infosys, HSBC, EY, Siemens, Dubai Airports, Dubai Custom & Synechron. Its full suite of software service offerings includes ERP solutions, DevOps practices, architectural consulting, integration, and middleware services.

The company recorded a revenue from operations of Rs 94.85 crore and net profit of Rs 15.01 crore for the period ended as on 31 March 2023.

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