Vinyas Innovative Technologies IPO - Review, Date & GMP Today

Vinyas Innovative Technologies Limited - Complete Overview

Established in 2001, Vinyas Innovative Technologies Limited specializes in providing design, engineering, and electronics manufacturing services to meet the needs of global Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the electronic industry.

The company's Electronic Manufacturing Services are offered in two forms: Build to Print ("B2P") and Build to Specification ("B2S"). 

Under B2P, clients provide product designs, and Vinyas offers agile and flexible manufacturing services. 

Under B2S involves leveraging the company's design capabilities to create products based on client-provided specifications and then manufacturing those products.

The company's primary solutions revolve around printed circuit board assembly (PCBA) and box builds, which are crucial components used in safety-critical systems like cockpits, inflight systems, landing systems, and medical diagnostic equipment.

Vinyas Innovative Technologies Limited has earned recognition as a game changer in the Electronic Manufacturing Services (EMS) industry due to its innovative in-house solutions for intricate manufacturing processes. 

It has become the preferred partner for Global OEMs and ODMs by providing comprehensive solutions that encompass Design for Manufacturability, Supply Chain Management, PCB assembly, advanced testing solutions, Product Integration, and post-sales support.

 

What does the company do? 

Vinyas Innovative Technologies Limited offers design, engineering, and electronics manufacturing services to serve the needs of international Electronic Industry Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs).

 

 

IPO Overview 

The Vinyas Innovative Technologies Limited IPO date is slated to run from September 27, 2023, to October 3, 2023. The SME IPO is anticipated to be listed on October 11, 2023. 

The IPO price range is set at ?162 to ?165 per share, with each lot comprising 800 shares. Retail investors are eligible to bid for just one lot. 

To stay informed about upcoming IPOs, please visit the Finowing IPO section.

 

Vinyas Innovative Technologies Limited IPO timetable (Tentative)

Events	Date
IPO Opening Date	27 September 2023
IPO Closing Date	3 October 2023
IPO Allotment Date	6 October 2023
Refund initiation	9 October 2023
IPO Listing Date	11 October 2023

 

Vinyas Innovative Technologies Limited IPO Details 

IPO opening & closing date	27 September to 3 October 2023
Face value	Rs.10 per share
Issue Price	Rs.162 to Rs.165 per share
Lot Size	800 Shares
Price of 1 lot	Rs.132,000
Issue Size	3,312,800 Shares (aggregating up to Rs. 54.66 Cr)
Offer for sale	NA
Fresh issue	3,312,800 Shares (aggregating up to Rs. 54.66 Cr)
Listing at	NSE SME
Issue Type	Book Built Issue IPO
Registrar	Skyline Financial Services Private Ltd

 

Vinyas Innovative Technologies Limited IPO Lot Details 

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lot
Minimum Lot Investment (HNI)	2 Lot

 

Vinyas Innovative Technologies Limited IPO Reservation

Institutional Share Portion	50%
Non-Institutional share Portion	15%
Retail Share Portion	35%

 

Company Financial

Amount in Lakhs

Period	FY 21	FY 22	FY 23
Total Assets	18,458.95	22,149.04	21,598.64
Total Revenue	20,780.50	21,216.30	23,885.41
PAT	123.15	100.88	734.34
Net worth	3,069.38	3,144.74	4,522.99
Reserve & Surplus	2,695.17	2,770.54	4,178.79
Total Borrowings	9,365.89	9,542.58	8,571.01

 

Revenue Generated from Different Industry

(Amount in Lakhs)

Industry	FY 23	FY 22	FY 21
Defence & Aerospace	19,303.94	17,984.69	13,596.06
Industrial	2,326.24	1,352.83	668.43
Medical	292.63	236.45	415.14
Telecom	96.86	281.67	4,559.17
Others	1,432.73	918.12	1,264.11
Total	23,452.40	20,773.76	20,502.91

 

Geographical Presence and Revenue Break-up

(Amount in Lakhs)

Particulars	FY 23	FY 22	FY 21
India	21,612.06	20,062.71	18,994.39
Canada	18.95	2.72	637.77
United States of America	695.69	383.00	472.75
Israel	1,039.28	302.13	87.58
Singapore	-	-	59.54
France	-	0.33	-
Germany	0.95	-	3.55
Japan	-	-	38.19
Netherlands	-	-	1.99
Norway	-	-	1.06
United Kingdom	0.44	67.81	11.21
Switzerland	-	129.61	135.35
Denmark	-	-	35.64
Australia	-	-	2.90
Italy	-	-	20.99
China	46.97	42.17	-
Poland	38.08	-	-

 

Objective of the Issue 

The objectives of the IPO are as follows:

• Fulfilling the working capital needs of our company.
• Addressing general corporate objectives.
• Covering the expenses associated with the issuance.

 

Promoters and Management of Vinyas Innovative Technologies Limited

Narendra Narayanan, Narendra Sumukh and Meera Narendra are the Promoters of the Company.

Pre-issue Promoter Shareholding	39.87%
Post-issue Promoter Shareholding

 

Peer Comparison 

Below are the listed peers of Vinyas Innovative Technologies Limited

Company Name	Sales (Rs. in Lakhs)	EPS (Rs.)	CMP  (Rs.)
Vinyas Innovative Technologies Limited	23,452.40	19.62	-
Cyient DLM Limited	83,203.30	-	556.70
Centum Electronics Limited	50,055.40	20.59	1624.60

 

IPO's Valuations

The Vinyas Innovative Technologies Limited IPO price falls within the range of Rs.162 to Rs.165 per share, and the company's EPS is Rs.19.62. At the upper end of the price range, the P/E ratio of the company for the IPO valuation results in an 8.40.

 

Dividend Policy 

The company disbursed dividends amounting to Rs. 1.86 lakhs during the fiscal year of 2023. However, this does not necessarily serve as an indicator of future dividend payments.

 

IPO's Strengths 

• Preeminent choices within the Indian defence and aerospace sector, boasting global accreditations.
• Possessing scalable end-to-end capabilities powered by technology.
• A business model characterized by transparent cash flow visibility and adeptness in managing operational and technological risks.
• A history of maintaining a steady and dependable financial performance.
• Backed by a seasoned and qualified team of promoters and senior management, with unwavering support from a dedicated workforce.
• Holding a dominant market position and enjoying widespread recognition in the industry.

 

IPO Weaknesses

• The company has experienced delays in meeting its obligations related to previously utilized credit facilities.
• The company's revenue is significantly reliant on a single customer, which represents a substantial portion of its income.
• A significant portion of the company's revenue is generated from defence and aerospace contracts.
• The company is subject to stringent quality standards, customer inspections, and audits.
• The company is subject to government regulations, and any failure to obtain, maintain, or renew the necessary statutory and regulatory licenses, permits, and approvals could have adverse effects on its business.
• The company has encountered delays in filing statutory returns and in processing statutory fees.
• There are ongoing legal disputes involving the company, its promoter, directors, and group entities.
• The company experienced negative cash flows in its operating, investing, and financing activities.
• The company operates within a highly competitive business environment.

 

 

IPO GMP Today

Latest GMP of Vinyas Innovative Technologies SME IPO is Rs.30.

 

Conclusion

Vinyas Innovative Technologies offers a range of services encompassing design, engineering, and electronics manufacturing. The company enjoys a robust position in the market and has demonstrated impressive financial results. In the fiscal year 2023, it achieved favourable profit margins. Given a thorough analysis, investors might consider allocating their funds to this opportunity.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the RHP.

 

 

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