Vinir Engineering Limited IPO is fully book build issue and total IPO size is 5.33 crore shares. The entire share offering is an offer for sale of 53300000 shares.
The dates for the Vinir Engineering IPO have not been announced yet.
The allotment process is expected to be finalized by [.]. The Vinir Engineering IPO is scheduled to list on NSE, BSE, with a tentative listing date of [.].
The price band for the Vinir Engineering IPO has not been announced yet.
Registrar for this IPO is KFIN Technologies Limited and lead managers for Vinir Engineering IPO are Pantomath Capital Advisors Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | 53,300,000 Shares |
| Fresh Issue | - |
| OFS Issue | 53,300,000 Shares |
| Issue Type | Offer for Sale |
| Listing At | NSE, BSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Vinir Engineering Limited Company
Vinir Engineering: An Integrated Engineering Solutions Provider
Vinir Engineering specializes in manufacturing critical, heavy, precision-forged and machined components for diverse sectors, including energy, defense, aerospace, railways, and hydraulics. The company provides customized, high-value components, emphasizing quality and precision. Their "Other Segments" business caters to general engineering needs like manufacturing, construction, and agriculture.
The Indian overall forgings market for other sectors was valued at INR 2,093 crore in FY24, and is projected to reach INR 3,238 crore by FY30, with a CAGR of 7.5%. The Indian Precision Forged Machined Components market for other sectors was valued at INR 1,596 crore in FY24 and is projected to reach INR 2,272 crore by FY30, with a CAGR of 6.1%, fueled by industrialization and infrastructure development.
Vinir Engineering possesses strengths like a diversified product range, technical proficiency, green certification, and well-equipped facilities. Key opportunities include expansion into renewable energy sectors, geographic expansion, and technological upgrades. However, the company also faces challenges such as market volatility, competition, and regulatory changes.
Vinir Engineering Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 162.50 | 148.30 | 133.36 | 103.47 |
| Revenue | 103.38 | 229.53 | 226.96 | 153.46 |
| Profit After Tax | 20.23 | 28.99 | 26.64 | 14.25 |
| Net Worth | 128.85 | 108.69 | 105.65 | 79.20 |
| Reserves and Surplus | 114.68 | 94.51 | 88.42 | 61.96 |
| Total Borrowing | 1.60 | 13.67 | 8.24 | 6.44 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 1.26 | 26.68 | 5.11 | 0.13 | 26.68 | 35.21 |
Offer Objectives
The offer comprises an Offer for Sale (OFS) of up to 5.33 crore equity shares by the Promoter Selling Shareholder. The company aims to achieve the benefits of listing on the stock exchanges, enhancing visibility, brand image, and providing liquidity.
Offer Proceeds: The company will not receive any proceeds from the offer. All proceeds will be received by the Promoter Selling Shareholder, net of offer-related expenses and taxes.
Offer Expenses: The total estimated offer expenses are ₹[●] million (₹[●] crore). These expenses include listing fees, selling commission, brokerage, fees payable to the BRLM, legal counsel fees, Registrar fees, Escrow Collection Bank fees, processing fees for SCSBs, brokerage, printing, advertising, and miscellaneous expenses.
Allocation of Expenses: Listing fees and advertisements related to corporate communications (not related to the offer) will be borne by the company. All other expenses are to be borne by the Promoter Selling Shareholder subject to compliance with the applicable law.
Offer expenses will be paid by our Company in the first instance. Upon commencement of listing and trading of the Equity Shares Promoter Selling Shareholder shall reimburse our Company. In the event the Offer is withdrawn or unsuccessful all costs and expenses shall be borne by the Promoter Selling Shareholder.
Selling Commission to SCSBs: [●]% of the amount allotted (plus applicable taxes) for Retail Individual Bidders and Non-Institutional Bidders directly procured by SCSBs. Processing fees for SCSBs for applications procured by Syndicate Members/Sub-Syndicate Members/Registered Brokers/RTAs/CDPs would be ₹[●] per valid application (plus applicable taxes) for Retail Individual Bidders and ₹[●] per valid application (plus applicable taxes) for Non -Institutional Bidders.
Monitoring Agency: As the offer is an OFS, the company is not required to appoint a monitoring agency for the offer.
Beneficiaries: The offer proceeds will be received by the Promoter Selling Shareholder. No Directors, Key Managerial Personnel, or Senior Management will receive any portion of the offer proceeds.
Company Details
Address:
No.104, Bommasandra Industrial Area,
Bangalore, Karnataka, India 560 099
Phone: +91 80 27832313
Email: [email protected]
Website: https://vinirforge.org
IPO Registrar Details
KFIN Technologies Limited
Phone: 040-67162222, 18003094001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Pantomath Capital Advisors Private Limited
