Vinsys IT Services India has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company plans to offer 38.9 lakh equity shares of Rs 10 each through the book-building process. The firm will be listed on NSE Emerge, a platform for small and medium enterprises.
Proceeds from the public issue will be utilised to meet working capital requirements, repayment of loan to subsidiary and for other general corporate purposes. The company has appointed Beeline Capital Advisors as merchant bankers to the issue.
Vinsys provides a full suite of software service offerings, including ERP solutions, architectural consulting, integration, and middleware service. Also, it offers customised courses across 17 domains, including BFSI, telecom, and government departments.
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