One of the growing companies involved in the manufacturing of machined components, Vinir Engineering submitted its DRHP with SEBI regarding launching an IPO (Initial public offering).
This IPO comprises entirely an Offer-for-sale component of up to 5.33 crore equity shares, by the promoter Nitesh Gupta, which means the amount raised through the IPO will go to the promoters, and the company will not receive or benefit from any funds by launching this IPO.
Nitesh Gupta is the promoter of the company who will receive all the proceeds raised through an IPO. As of now, the promoter Nitesh Gupta holds 100% shares in the company.
According to the draft papers submitted on Friday, the motive of the company behind filing the draft papers is to list its equity shares on the stock exchanges.
Vinir Engineering, incorporated in 1985, is one of the leading companies known to provide integrated engineering solutions and is involved in the manufacturing of specialized, critical and heavy, precision-forged, and machined components for a comprehensive range of industries and applications such as energy, defense, aerospace, railways, energy turbines, hydraulics, earthmoving, high-end engineering, amongst others.
The Book Running Lead Manager of this issue is Pantomath Capital Advisors. While the Registrar of the issue is the KFinTechnologies.
With three manufacturing units, Unit I in Bangalore, Karnataka, and Units II and III in Hosur and Kalukondanapalli, Tamil Nadu, they have a combined installed capacity of 38,000 MTPA.
In FY2024, Vinir Engineering reported revenue of 229.5 crores from Operations compared to revenue of 226.9 crores from operations in FY 2023 indicating 1.1% growth over the previous year.
vinir-engineering IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
vinir-engineering Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹155.05 | ₹136.01 | ₹14.25 |
2023 | ₹228.94 | ₹192.94 | ₹26.64 |
2024 | ₹235.53 | ₹188.64 | ₹29.00 |
September 2024 | ₹107.23 | ₹80.15 | ₹20.23 |
vinir-engineering IPO Valuation – FY2024
vinir-engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹1.26 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 26.68% |
Net Asset Value (NAV): | ₹5.11 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Azad Engineering Limited | 11.20 | 148.91 | 9.08 | 109.12 | 372.76 Cr. |
MTAR Technologies Limited | 18.24 | 91.88 | 8.30 | 219.88 | 586.56 Cr. |
Balu Forge Industries Limited | 9.80 | 72.18 | 16.94 | 53.90 | 570.27 Cr. |
Objects of the Issue
- To be updated soon
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Private Limited