Vinny Overseas IPO Description – Vinny Overseas is engaged in the processing of fabrics for shirting, suiting and dress materials through manufacturing process of weaving, dyeing, printing and finishing. The company procures Grey Fabric from the domestic market and further dyes the same as per the client’s requirements on the basis of quality of the fabric, sizing requirements etc. The company is also engaged in Job-Work for wholesale cloth merchants and also trades in grey cloth as per the order received from the customer.
Its products offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials and Cotton Fabrics. Established in 1992, the company caters both domestic and international clients. Vinny Overseas has also been recognized by Director General of Foreign Trade, Ministry of Commerce and Industry as a “One Star Export House” and holds a valid certificate upto 2020. Its processing unit is located at Isanpur Road, Narol, Ahmedabad in the state of Gujarat, on approximately 27000 square yard of land which comprises of dyeing, printing and finishing processing with a capacity of processing of approx. 4,00,00,000 meter per annum. For the financial year 2017-18, the company processed 3,82,87,548 meters of fabrics.
Promoters of Vinny Overseas – Hiralal Parekh
| Vinny Overseas IPO details | |
| Subscription Dates | 28 September – 3 October 2018 |
| IPO Price band | INR40 per share |
| Fresh issue | 2,596,000 shares (INR10.38 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,596,000 shares (INR10.38 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR8 crore
- General Corporate Purpose – INR1.87 crore
- Issue Expenses – INR0.50 crore
| Vinny Overseas’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 80.59 | 87.35 | 98.30 | 98.34 | 130.54 | |
| Total expenses | 79.61 | 85.87 | 96.58 | 95.63 | 126.58 | |
| Profit after tax | 0.68 | 0.98 | 1.11 | 1.70 | 3.08 | |
Vinny Overseas’ Contact Details
Vinny Overseas Limited
B/H International Hotel
Narol-Isanpur Road, Narol
Ahmedabad Gujarat 382405
Phone: +91 79 2573 1900
Email: [email protected]
Website: www.vinnyoverseas.in
Vinny Overseas IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.49 |
| Day 2 | 0.98 |
| Day 3 | 1.53 |
Vinny Overseas Valuation (For FY2018)
Earnings Per Share (EPS): INR4.66
Price/Earnings (P/E) ratio: 8.58
Return on Net Worth (RONW): 19.02%
Net Asset Value (NAV): INR24.49 per share
Registrar of Vinny Overseas IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Vinny Overseas IPO Allotment Status
Vinny Overseas IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Vinny Overseas
IPO Opening Date: 28 September 2018
IPO Closing Date: 3 October 2018
Finalisation of Basis of Allotment: 8 October 2018
Initiation of refunds: 9 October 2018
Transfer of shares to demat accounts: 10 October 2018
Listing Date: 11 October 2018
Listing Price on NSE SME: INR40.5 per share (up 1.25% from IPO price)
Closing Price on NSE SME: INR42.5 per share (up 6.25% from IPO price)
