Vinsys IT Services makes stellar debut; lists with 62% premium at ₹207.25 per share on NSE SME

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IPO listing: Vinsys IT Services made a stellar debut on the NSE SME Emerge Friday as the shares were listed at nearly 62% premium to the issue price. Vinsys IT Services shares got listed at ₹207.25 apiece, higher by ₹79.25 or 61.91%, as compared to its issue price of ₹128. After the IPO listing, Vinsys IT Services shares gained further and made a high of ₹217.60 apiece.

Vinsys IT Services IPO was subscribed by a strong 89 times as the issue received bids for 2.3 crore equity shares as against 38.94 lakh shares on the offer during August 1 to 4. The public issue was subscribed 111.56 times in the retail category and 36.95 times in the Qualified Institutional Investors’ (QIB) category. The Non-Institutional Investors’ (NII) portion was booked 105.75 times by August 4, the last day of the bidding process.

Vinsys IT Services IPO’s total issue size was ₹49.84 crore, while the IPO price band was ₹121 to ₹128 per share. Vikrant Patil and Vinaya Patil are the promoters of the Vinsys IT Services. Vinsys IT Services offers services in IT skill development, trainings, and certification domain.