Vinyas Innovative IPO
Vinyas Innovative Technologies Limited
₹1,29,600 /800 sharesMinimum Investment
Vinyas Innovative IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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27 Sep ‘23 - 3 Oct ‘23 | ₹1,29,600 | 800 | ₹162 - ₹165 |
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.;
Managing director
Mr. Narendra Narayanan
Parent organisation
Vinyas Innovative Technologies Limited
Strengths & Financials of Vinyas Innovative
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.
Vinyas Innovative Financials
*All values are in Rs. Cr
Application Details of Vinyas Innovative IPO
Apply as | Price band | Apply upto |
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Regular | ₹162 - 165 | ₹2 - 5 Lakh |
High Networth Individual | ₹162 - 165 | ₹2 - 5 Lakh |
For Vinyas Innovative IPO, eligible investors can apply as Regular.