Vinsys IT Services’ initial public offer (IPO), estimated to be worth Rs 49.8 crore, hit Dalal Street on Tuesday. The SME IPO will remain open between 10 am and 5 pm till Friday, August 4. Vinsys IT Services is a provider of IT and software services.

Here are some of the key things to know about the Vinsys IT Services IPO:
 

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By noon on Tuesday, the first day of the bidding process, the IPO was subscribed 1.2 times the shares on offer, according to provisional exchange data.

The company’s marquee investors include NAV Capital Emerging Star Fund, xMultiplied, Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments.

Vinsys IT Services SME IPO: Price band

Vinsys has fixed a price band of Rs 121-128 per share for the IPO.

Vinsys IT Services SME IPO: Listing date

The shares will likely be listed on August 14, on the NSE SME exchange.

Vinsys IT Services SME IPO: Allotment date

The shares will likely be allotted to eligible investors on August 9. Subscribers will be able to check the allotment status on the website of Registrar Link Intime India Private Ltd. Here's the direct link.

Vinsys IT Services SME IPO: Fund utilisation

The company plans to utilize the proceeds from the issue for meeting working capital requirements, repayment of the loan to a subsidiary and general corporate purposes.

About Vinsys IT Services

Vinsys IT Services India is engaged in offering services in the domains of IT skill development, training and certification. The company is a part of VinsysGroup. The group comprises eight entities operating in India, as well as having a marked global footprint in the USA and Middle Eastern Countries.

(With inputs from PTI)

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