Vinyas Innovative IPO

Vinyas Innovative Technologies Limited

₹1,29,600 /800 sharesMinimum Investment

Vinyas Innovative IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹165.00₹330.00₹165.00 (100.00%)

Vinyas Innovative IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
27 Sep ‘23 - 3 Oct ‘23₹1,29,600800₹162 - ₹165
Issue SizeIPO Doc
54.66Cr
RHP PDF

About Vinyas Innovative

Founded in the year 2001, Vinyas Innovative Technologies Limited specializes in delivering design, engineering, and electronics manufacturing services to global players in the electronic industry. The company aids its worldwide partners in every phase of their critical projects, from conceptualizing designs to full-scale manufacturing. With more than thirty years of domain expertise, they work to provide engineering and design solutions across various industries. Their Electronic Manufacturing Services are classified into two segments: Build to Print and Build to Specification. B2P involves manufacturing products based on the client's provided design, offering agile and adaptable manufacturing services. Meanwhile, B2S leverages its design expertise to create products according to client specifications and handles the manufacturing process. Their core offerings primarily encompass two categories: printed circuit board assembly and box builds. These are crucial components used in safety-critical systems like cockpits, inflight systems, landing systems, and medical diagnostic equipment.;
Parent Organisation
Vinyas Innovative Technologies Limited
Founded
2001
Managing Director
Mr. Narendra Narayanan

Strengths & Risks

  • Vinyas Innovative serves as a partner to foreign OEMs, specializing in executing defense manufacturing projects. They offer both 'build-to-print' and 'build-to-specification' services. They also manufacture Printed Circuit Board Assemblies (PCBAs) and complete box assemblies for both domestic and international OEMs.
  • Vinyas Innovative is recognized for its proficiency in producing products utilized in various sectors, including Medical, Telecom, Automotive, and Industrial applications. They claim that they possess the capabilities and technology needed to tailor PCBA production to meet specific customer requirements, subjecting their products to rigorous quality assurance testing.
  • In 2021, 2022, and 2023, Vinyas Innovative generated revenues of Rs. 20,502.91 lakhs, Rs. 20,773.76 lakhs, and ₹23,452.40 lakhs, respectively.
  • Vinyas Innovative has established a presence in the Aerospace, Defense, and other Electronic segments of the industry.
  • Vinyas Innovative has a history of delayed payments regarding previously acquired credit facilities.
  • The company heavily relies on a single customer to generate revenue for fiscal years 2021, 2022, and 2023. Losing this customer could significantly impact both revenue and profitability.
  • Any disruption or slowdown in Electronic System Design and manufacturing facility could severely harm the company's business, financial condition, and operational results.
  • As of March 31, 2023, the company had total sanctioned facilities, including fund-based and non-fund-based, amounting to Rs. 14,473.55 lakhs.
  • Vinyas Innovative is currently involved in ongoing legal disputes that include the company, its promoter, directors, and group entities.
  • Inadequate risk management in export sales could have a detrimental effect on foreign customer relationships. A portion of the company's revenue comes from product exports to various regions, accounting for 7.36%, 5.17%, and 7.11% of total revenue in 2021, 2022, and 2023, respectively.
  • The company experienced negative cash flows in its operating, investing, and financing activities in previous years.
  • The promoters acquired equity shares at a lower cost than the issue price.
  • Loss of independent certification and accreditation for products and manufacturing practices adopted by the company could pose a threat to its business.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular162 - 165₹2 Lakh
High Networth Individual162 - 165₹2 - 5 Lakh
For Vinyas Innovative IPO, eligible investors can apply as Regular.
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