Vinsys IT Services India Ltd. has announced public offering of 3894000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 118.00 per share. The gross proceeds of the issue are expected to be Rs 4,984.32 lakhs.

The company's initial public offer (IPO) will open on 01 August 2023 and is expected to close on 04 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 121.00-128.00 per share.

The IPO includes a fresh Issue of 3894000 Equity Shares of the Company at an price of Rs 128.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Vinsys IT Services India Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.