Vinsys IT Services Limited

Company Profile
Company Name Vinsys IT Services Limited
Open Date 01-08-2023
Close Date 04-08-2023
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹121 to₹128 Per Share
Issue Size 3,894,000 Equity Shares
Application Amount ₹1,28,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Company was Incorporated in 2008 and is a part of Vinsys Group, headquartered in Pune, Maharashtra. Since inception, Vinsys Group has been dedicated to IT skill development, trainings and certification. As on the date of Red Herring Prospectus, the group comprise of 8 business entities, having its footprints in India, USA and Middle Eastern Countries. Companies 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. Company has a strong presence in India, USA, UAE and also have footprints by delivering services in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore, and Malaysia. As on the date of Red Herring Prospectus company offer 326 courses across 17 domains. In addition to certifications and training offerings, Company provides a comprehensive end to end solution by delivering robust and advanced digital learning solutions. OTS library of over 1,00,000 titles is compatible with all LMS and LXP platforms. Advanced IT development services offer a seamless project execution process and a successful IT strategy. Full suite of software service offerings includes ERP solutions, DevOps practices, architectural consulting, integration, and middleware services and also help organizations reduce geographical diversity through foreign language translation services. Company caters to professionals across all industries and domains and offer assistance to organizations in formulating their learning and development strategies. Organization, with its unwavering focus on quality, stands as a pioneer in the realm of training and development. Dedication lies in offering, clients with the best possible service, with trainers available on demand around the clock.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-23 Mar-22 Mar-21
Total Assets 7,293.61 3,493.18 2,739.98
Net Assets 2,472.51 716.07 773.51
Total Borrowings 2,310.80 2,050.32 1,427.08
Total Revenue 9,632.26 3,202.69 2,041.04
Profit After Tax 1,500.83 -51.61 34.80

Tentative Timeline

Opening Date 01-08-2023
Closing Date 04-08-2023
Basis of Allotment 09-08-2023
Initiation of Refunds 10-08-2023
Credit of Shares to Demat 11-08-2023
Listing Date 14-07-2023

Objects of the Issue

To Meet Working Capital Requirements
Loan to Subsidiary /Repayment of loan to Subsidiary
General Corporate Purposes
To meet Public Issue Expenses

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