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VINSYS IT SERVICES SETS PRICE BAND OF RS. 121/- TO RS. 128/-; ISSUE SET TO OPEN ON AUGUST 1, 2023

July 25, 2023: Vinsys IT Services India Limited (Vinsys IT), a global IT and software services and software company headquartered in Pune, today announced that it has set the price of Rs 121/- to Rs 128/- (Face Value of Rs 10/-) for its forthcoming public offering. The issue will open on August 01, 2023, and close on August 04, 2023.

The company plans to offer 3.89 million equity shares of Rs 10/- each through the book-building process. Beeline Capital Advisors are the merchant banker to the issue, while Link Intime India is the registrar to the issue. The company will raise Rs 49.84 crore through the public offering.

The company’s shares will be listed on the NSE’s Emerge platform. The IPO proceeds from the fresh issue will be utilised for meeting working capital requirements, repayment of loan to subsidiary and general corporate purpose.

Of the total issue size of 38.94 lakh shares, the company has allocated 18.48 lakh shares for Qualified Institutional Buyers (including Rs. 11.08 lakh for Anchor Investors) and 5.56 lakh shares for Non-Institutional Investors. For Retail Investors, the company has set aside 12.95 lakh shares for allocation. The minimum application lot size is 1000 equity shares.

Marquee investors led by overseas funds, including NAV Capital Emerging Star Fund and xMultiplied, and domestic players, such as Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments, have invested in the company’s pre-IPO funding.

Promoted by Vikrant Patil, CEO & MD, Vinsys IT Services India Ltd is a specialised training centre catering to a select group of IT clients. Over time, the company has evolved into India’s second-largest corporate training firm. It holds certifications from major tech companies and institutions and offers 326 customised courses across 17 domains, including BFSI, telecom, and government departments.

The company has a team of professionals certified by major tech companies and institutions. It is a trusted partner with CompTIA, Hybris Software, EC-Council, Red Hat, Oracle, CISCO, IBM, PECB, Autodesk, Skillsoft, AWS, PMI, PRINCE2, ISACA, ITIL, PeopleCert, Citrix and Microsoft in more than 30 countries, with a strong presence in India, USA, UAE. Besides, Vinsys also offers a full suite of software service offerings, including ERP solutions, DevOps practices, architectural consulting, integration, and middleware services. Vinsys also has a presence in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia. For the fiscal year ending March 31, 2023, Vinsys clocked a revenue of Rs. 157.30 crore and a net profit of Rs. 16.02 crore.

With a track record of training over one million professionals worldwide, Vinsys is now focused on doubling its growth through acquisitions, specifically targeting corporate training and digital learning platforms. The company actively seeks inorganic growth opportunities to expand its presence in new markets, including the US and UK, while solidifying its position in the Middle East. As part of its expansion plans, Vinsys aims to open a new corporate office and training centre in Saudi Arabia by the end of the second quarter. For the fiscal year ending on March 31, 2023, Vinsys achieved a revenue of Rs. 157.30 crore and a net profit of Rs. 16.02 crore.

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