Vinyas Innovative Technologies witnessed a phenomenal debut on the NSE SME platform, with its share price soaring to new heights. The listing for Vinyas Innovative Technologies shares on NSE SME today opened at an impressive ₹330 per share, marking a remarkable 100% increase from the issue price of ₹165.
Details of Vinyas Innovative IPO The Vinyas IPO, valued at ₹54.66 crores, comprises a fresh issue of 3,312,800 equity shares, with no offer for sale (OFS) component. The company’s promoters are Narendra Narayanan, Meera Narendra, and Narendra Sumukh.
The net proceeds from the IPO will be allocated to fulfill various objectives, including meeting working capital requirements, covering general corporate expenses, and addressing issue-related expenditures.
The registrar for the Vinyas Innovative Technologies IPO is Skyline Financial Services Private Ltd, and the book-running lead manager is Sarthi Capital Advisors Private Limited. Gretex Share Broking serves as the market maker for the IPO of Vinyas Innovative Technologies.
According to the Red Herring Prospectus (RHP), the listed peer companies include Cyient DLM Limited and Centum Electronics Limited, with a P/E ratio of 85.73.
Current Grey Market Premium (GMP) for Vinyas Innovative Technologies IPO The Grey Market Premium (GMP) for Vinyas Innovative IPO today, which reflects demand in the unofficial market, stands at +67, mirroring the previous trading session. This suggests that Vinyas Innovative IPO shares were trading at a premium of ₹67 in the grey market as of Friday, according to investorgain.com.
Considering the upper end of the Vinyas Innovative IPO price band and the current grey market premium, the estimated listing price for Vinyas Innovative shares is approximately ₹232 per share. This marks a substantial increase of 40.61% over the Vinyas Innovative IPO issue price of ₹165.
The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price for the shares.