SME IPO: Vinsys IT issue to open on August 1. 10 things to know about the offer

economictimes.indiatimes.com:

Vinsys IT Services will open for public subscription on August 1. The issue closes on August 4.

Here are 10 things to know about the offer.1) Company OverviewVinsys IT is engaged in the business of offering training and certifications, digital learning, project management, and technology training for the IT industry. The company is dedicated to becoming an accredited training service provider to meet the growing demand for training and workforce development.2) Industry OverviewThe IT industry accounted for 7.4% of India’s GDP, as of FY22.

According to Nasscom, the Indian IT industry’s revenue touched $227 billion in FY22, and India is expected to have nine times more digitally skilled workers by 2025. This indicates that a total of 3.9 billion digital skill training are expected by 2025.3) Issue sizeThe IPO is entirely a fresh equity issue of up to 38.94 lakh equity shares aggregating up to Rs 49.8 crore.4) Price bandThe company will offer its shares at a price band of Rs 121-128 apiece, and investors can bid for 1,000 shares in 1 lot.5) Financial performanceFor the year ending March 2023, the company has recorded revenues of Rs 94.8 crore and net profit of Rs 15.01 crore.6) Objects of the offerThe net proceeds from the public offer will be used for working capital requirements, repayment of the loan to subsidiaries, and other general corporate purposes.7) Booking running lead managersBeeline Capital Advisors is acting as the lead manager to the issue, while Link Intime India is the registrar.8) Issue structureAbout 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors, and the rest 35% for retail investors.9) Important datesThe IPO opens on August 1 and closes on August 4.