Vinsys IT Services IPO: Amidst the boom in the stock market, the initial public issue (IPO) market is also bright. In the last few days, many such IPOs have come which have made investors rich. Now the IPO of IT company Vinsys IT Services India is going to open on August 1. The company has fixed an issue price of Rs 121-128 per share for its IPO. The company said that the amount raised from this issue, which will close on August 4, will be used to meet working capital requirements, repay the debt of a subsidiary and meet general corporate needs.

Post IPO, Vinsys shares will be listed on the SME Emerge platform of the National Stock Exchange. Under the IPO, the company is going to offer 38.9 lakh shares of face value of Rs 10 each. At the upper end of the price band, the company expects to garner Rs 49.84 crore from the issue.

Who has placed the bet: Leading investors such as NAV Capital Emerging Star Fund, Xmultiplied, Nova Global Opportunities Fund, Aegis Investments Fund and Sambhavnath Investments have invested ahead of the issue. The company has presence in Saudi Arabia, Oman, Qatar, Australia, Kenya, Tanzania, Singapore and Malaysia.