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Vinny Overseas IPO is a fixed price issue of Rs 10.38 crores.
Vinny Overseas IPO bidding started from September 28, 2018 and ended on October 3, 2018. The shares got listed on NSE SME on October 11, 2018.
Vinny Overseas IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Vinny Overseas IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Vinny Overseas IPO RHP for detailed information.
| IPO Date | September 28, 2018 to October 3, 2018 |
| Listing Date | October 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,596,000 shares (aggregating up to ₹10.38 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 132,000 shares |
Vinny Overseas IPO offers 2,596,000 shares. 1,232,000 (47.46%) to NII, 1,232,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 132,000 (5.08%) |
| Other Shares Offered | 1,232,000 (47.46%) |
| Retail Shares Offered | 1,232,000 (47.46%) |
| Total Shares Offered | 2,596,000 (100%) |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 1992, Ahmedabad based Vinny Overseas Limited is a company engaged in the business of processing of clothing fabrics. It procures Grey Fabric from the market and dyes the same as per the client's requirements. It is also engaged in Job-Work for wholesale cloth merchants and trades in grey cloth.
Vinny Overseas caters to both domestic and international clients and has been recognized as a "One Star Export House" by Director General of Foreign Trade, Ministry of Commerce and Industry.
In 2018, the company exported its products to 5 countries including UAE,
Iraq, Bahrain, Panama City and Sri Lanka. The revenue from exports constitutes approx. 6.20% of the total revenue of the company.
The company's processing unit with a capacity of processing 4,00,00,000 meter per annum is located at Ahmedabad.
The compnay has 76 employees on payroll and 143 contract workers.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 6,420.39 | 4,904.91 | 4,434.41 | 4,040.35 | 3,963.63 | |
| Total Revenue | 13,054.15 | 9,833.520 | 9,830.42 | 8,735.22 | 8,059.09 | |
| Profit After Tax | 307.56 | 170.38 | 111.44 | 97.77 | 67.51 | |
The objects of the issue are-
1. Funding the working capital requirements
2. General corporate purposes.
[Dilip Davda]
Although issue is priced reasonably, weak sentiment for the textile sector makes it a long term bet. Investors looking for long term investment may consider parking of funds.
Read detail review...The Vinny Overseas IPO is subscribed 1.61 times on October 3, 2018 5:00:00 PM. The public issue subscribed 1.24 times in the retail category, times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.97 |
| Retail | 1.24 |
| Total | 1.61 |
| Listing Date | October 11, 2018 |
| BSE Script Code | |
| NSE Symbol | VINNY |
| ISIN | INE01KI01019 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹40.50 |
| ₹40.50 |
| ₹42.50 |
| ₹42.40 |
Vinny Overseas Limited
B/H International Hotel,
Narol-Isanpur Road,
Narol Ahmedabad Gujarat 382405
Phone: +91 79 2573 1900
Email: cs@vinnyoverseas.in
Website: http://www.vinnyoverseas.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Vinny Overseas IPO is a SME IPO of 2,596,000 equity shares of the face value of ₹10 aggregating up to ₹10.38 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 28, 2018, and closes on October 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Vinny Overseas IPO opens on September 28, 2018 and closes on October 3, 2018.
Vinny Overseas IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Vinny Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vinny Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vinny Overseas IPO allotment status.
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