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Vinny Overseas Limited IPO (Vinny Overseas IPO) Detail

Sep 28, 2018 - Oct 3, 2018

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The objects of the issue are-

1. Funding the working capital requirements
2. General corporate purposes.

Vinny Overseas IPO Details

Vinny Overseas IPO Date Sep 28, 2018 to Oct 3, 2018
Vinny Overseas IPO Face Value ₹10 per share
Vinny Overseas IPO Price ₹40 per share
Vinny Overseas IPO Lot Size 3000 Shares
Issue Size2,596,000 shares of ₹10
(aggregating up to ₹10.38 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The Company is promoted by Hiralal Parekh. He holds 27,78,400 Equity Shares representing 42.08% of the pre-Issue paid up Capital of the Company.

Vinny Overseas IPO Lot Size

The Vinny Overseas IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

Vinny Overseas IPO Review

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...


Vinny Overseas IPO Subscription Status (Bidding Detail)

The Vinny Overseas IPO is subscribed 1.61 times on Oct 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)

CategorySubscription (times)
NII1.97
Retail1.24
Total1.61

Vinny Overseas IPO Prospectus

Vinny Overseas IPO Rating

25
3.1
Rating:Rated 3.1 stars
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Vinny Overseas IPO Listing Date

Listing Date Thursday, October 11, 2018
BSE Script Code
NSE Symbol VINNY
Listing In
ISIN INE01KI01019
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹40.00
Open: ₹40.50
Low: ₹40.50
High: ₹42.50
Last Trade: ₹42.40

Company Contact Information

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/

Vinny Overseas IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Vinny Overseas IPO Review

Vinny Overseas IPO Recommendation Summary

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Members 0 0 0

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Vinny Overseas IPO FAQs

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 Sep 28, 2018, and closes on Oct 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 Sep 28, 2018 and closes on Oct 3, 2018.

Vinny Overseas IPO lot size is 3000 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The Vinny Overseas IPO listing date is on Thursday, October 11, 2018.
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Vinny Overseas IPO Message Board

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7 Comments

5. Small Investor |   Link |Oct 15, 2018 1:06:01 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
powerful technology 20% UP Today
4. RAJAKUMAR |   Link |Sep 24, 2018 12:48:21 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Steadily increasing Turnover and Profit.
It comes below 10pe
Its Eps is 4.66 on 31.3.18
RONW 19%
NAV 24.49 1.7 times of the book value.
Long Term Borrowings 10Cr. and Short Term Borrowing 8 Cr.
LM is Pantamoth. Very Good track record is plus point.
Textile company is draw back. Lets wait how HNI behaves.
4.1. Saurabh Bansal |   Link |Sep 29, 2018 10:42:36 PM
Sir...on pantamoth account in every ipo only 2 - 3 month have sustainable price . record up to the time where nhi or you can say LM , HNI investor money in that , once the HNI or lend manager able to sell share to general public then their price goes down .. you can track this thing In mere then half of the ipo...manage by them..
4.2. Saurabh Bansal |   Link |Sep 29, 2018 10:46:47 PM
Please do not go to HNI subscription as they are arrange by LM itself .... I can tell you name of many co which end up in purchasing listed share of their own after issue from there LM ARRANGED HNI....you can see co which listed 8-10 month back end up with increased promoter holding... if promoter already have money so why they dilute their equity..and 're purchased....doing 7-8% issue expenses..
3. spars |   Link |Sep 27, 2018 2:27:32 PM
Wow ! Too good fundamentals ....
Reasonable pricing ... I like it .????

Being fan of pantomath ????I am bound to apply in this nse sme ipo but on the basis of HNI subs. fig. Of last days last hours...????????????

Only concern is of market sentiments and current textile sectors .
2. Jainisha |   Link |Sep 25, 2018 2:25:09 PM
Can be apply for this IPO or not????
1. GrowYourMoney |   Link |Sep 23, 2018 9:34:32 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Avoid the Issue..
Nothing in Business that may reward Investors...