- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Vinsys IT Services India Limited confirms appropriate utilization of Rs. 49.84 Cr raised through its SME IPO. Funds were mainly allocated to working capital (Rs. 24.16 Cr), loan repayment and loans to its subsidiary (Rs. 8 Cr combined), issue expenses (Rs. 5.23 Cr), and general corporate purposes (Rs. 8.08 Cr), with Rs. 4.37 Cr still pending deployment. The Audit Committee reviewed and found no concerns, highlighting disciplined fund management and transparency, reinforcing shareholders’ confidence in the company’s capital use.