PNN
Mumbai (Maharashtra) [India], June 17: Ahmedabad-based visa consultancy and immigration services Vinny Immigration & Education Services Ltd plans to raise up to Rs. . 9.13 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge platform of the National Stock Exchange. The public issue opened for subscription on June 20 and will close on June 24. The proceeds of the public issue will be used for business expansion including opening of new offices, software development, repayment of loan, branding and advertising and general corporate purposes.Interactive Financial Services Limited is the lead manager of the issue.
The company will issue 6.52 lakh equity shares of face value Rs 10 each at Rs 140; NSE to list NSE Emerge platform
The initial public offering of Rs 9.13 crore includes a fresh issue of 6.52 lakh equity shares of face value Rs 10 each at Rs 140 per share. Of the latest issue of Rs 9.13 crore, the company has earmarked Rs 2.88 crore for software development, Rs 97 lakh for opening offices across India, Rs 1.59 crore for loan repayment, Rs 1 crore for branding and advertising, Rs 1.99 crore for Planned to use. General corporate objectives. The minimum lot size for the application is 1000 shares which is equivalent to an investment of Rs 1.40 lakh per application. The retail investor quota for IPOs has been kept at 50% of the net offer.Promoter's holding in pre issue is 83.63% which will be 58.51% after the issue.
Jignesh Patel, Director, Vinni Immigration & Education Services Ltd. said, “Vini Immigration aspires to stand out as the leading visa consultancy firm globally, renowned for its expertise, ethics and steadfast commitment to client success The first plan is to develop one." -Complete digital consultation and service delivery module to increase the reach and efficiency of services. For this, the company has recently implemented AI-based automation in its operations and service delivery methods, thereby significantly increasing service timelines. Furthermore, they are actively working on the development of an AI-based web portal and a mobile application to provide all solutions on a single platform.The company is also actively working on expanding its presence in the Middle East and other South Asian markets.
Mumbai (Maharashtra) [India], June 17: Ahmedabad-based visa consultancy and immigration services Vinny Immigration & Education Services Ltd plans to raise up to Rs. . 9.13 crore from its SME public issue. The company has received approval to launch its public issue on the NSE Emerge platform of the National Stock Exchange. The public issue opened for subscription on June 20 and will close on June 24. The proceeds of the public issue will be used for business expansion including opening of new offices, software development, repayment of loan, branding and advertising and general corporate purposes.Interactive Financial Services Limited is the lead manager of the issue.
The company will issue 6.52 lakh equity shares of face value Rs 10 each at Rs 140; NSE to list NSE Emerge platform
The initial public offering of Rs 9.13 crore includes a fresh issue of 6.52 lakh equity shares of face value Rs 10 each at Rs 140 per share. Of the latest issue of Rs 9.13 crore, the company has earmarked Rs 2.88 crore for software development, Rs 97 lakh for opening offices across India, Rs 1.59 crore for loan repayment, Rs 1 crore for branding and advertising, Rs 1.99 crore for Planned to use. General corporate objectives. The minimum lot size for the application is 1000 shares which is equivalent to an investment of Rs 1.40 lakh per application. The retail investor quota for IPOs has been kept at 50% of the net offer.Promoter's holding in pre issue is 83.63% which will be 58.51% after the issue.
Jignesh Patel, Director, Vinni Immigration & Education Services Ltd. said, “Vini Immigration aspires to stand out as the leading visa consultancy firm globally, renowned for its expertise, ethics and steadfast commitment to client success The first plan is to develop one." -Complete digital consultation and service delivery module to increase the reach and efficiency of services. For this, the company has recently implemented AI-based automation in its operations and service delivery methods, thereby significantly increasing service timelines. Furthermore, they are actively working on the development of an AI-based web portal and a mobile application to provide all solutions on a single platform.The company is also actively working on expanding its presence in the Middle East and other South Asian markets.
