IPO News

Vinsys Services India Ltd files DRHP with NSE Emerge for IPO

Posted On : 2023-06-05 19:10:59( TIMEZONE : IST )

Vinsys Services India Ltd files DRHP with NSE Emerge for IPO

IT major Vinsys Services India Limited (Vinsys IT) today announced that it has filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company plans to offer 3.89 million equity shares of Rs 10/- each through the book-building process. The company has appointed Beeline Capital Advisors as merchant bankers to the issue. Link Intime India has been appointed as the registrar to the issue.

Vinsys IT started as a specialised training centre catering to a select group of IT clients, but over time, it 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. The company offers 326 courses across 17 domains. The proceeds from the public issue will be utilised to meet working capital requirements, repayment of loans to subsidiaries and other general corporate purposes.

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.

Vineet Arora, Managing Director, NAV Capital Limited, said, "Backed by strong Management and Promoters, we believe Vinsys is an Indian Multinational in the making with offices spread across the globe. Being an early-stage investor in such quality Indian companies aspiring to dominate the global stage, we at NAV Capital are driven to create a substantial capital appreciation for our investors."

Nikhil Chawla, Co-founder, xMultiplied, said, "We at xMultiplied are excited about the opportunity where Vinsys can capitalise on AI-based digitalisation of Indian private and state-owned enterprises. The global expansion agenda of Vinsys is a massive opportunity, and we are thrilled to participate in its story of creating value in the future. At xMultiplied, we take great pride in backing industry-leading management teams with a proven track record of delivery."

Source : Equity Bulls


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