Vinny Overseas IPO Details

Issue Open Sep 28, 2018
Issue Close Oct 3, 2018
IPO Price ₹40
Face Value ₹10
IPO Size ₹10.38 Cr
Listing At NSE SME
IPO Lot Size 3000

(This is only an advertisement for Information purpose. This is not a Prospectus announcement and not for publication or distribution, directly or indirectly outside India.)

VINNY OVERSEAS LIMITED

Our Company was originally incorporated as Vinny Overseas Private Limited at Ahmedabad, Gujarat as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated May 29,1992 bearing Registration Number 04-17742 of 1992-93 issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on February 21, 2017 and the name of our Company was changed to 'Vinny Overseas Limited' and a fresh certificate of incorporation consequent upon Conversion of Private Limited to Public Limited dated March 02, 2017 was issued by Registrar of Companies, Ahmedabad. For further details of Incorporation, Change of Registered Office of our Company, please refer to chapter titled "General Information" and 'Our History and Certain Other Corporate Matters' beginning on page 72 and page 160 of the Prospectus.

Registered Office: B/H International Hotel, Narol-lsanpur Road, Narol Ahmedabad Gujarat-382405, India
Corporate Identification Number: U51909GJ1992PLC017742 Tel. No.: +91 7925731900; Fax No. Not Available
Contact Person: Pushpendra Singh Ranawat, Company Secretary and Compliance Officer
Email: cs@vinnyoverseas.in; Website: www.vinnyoverseas.in
PROMOTERS OF OUR COMPANY: HIRALAL PAREKH
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 25,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID OF VINNY OVERSEAS LIMITED ("THE ISSUER" OR "OUR COMPANY") FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 30/- PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING TO RS. 1036.80 LAKHS (THE"ISSUE") OF WHICH 1,32,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING TO RS. 52.80 LAKHS WERE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 24,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING TO RS. 984.00 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTE 28.19% AND 26.75%, RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risks to Investors:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoter viz. Hiralal Parekh is Rs. 7.32/-.
In terms of Prospectus dated September19, 2018 and as per Regulation 43(4) SEBI (ICDR) Regulations, 2009 wherein:
A. minimum fifty percent to retail individual investors; and,
B. remaining to:
(i) individual applicants other than retail individual investors; and
(ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;
C. the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: For the purpose of Regulation 43(4) of SEBI (ICDR) Regulation, 2009, if retail individual investors are entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 238 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 40/- AND IS 4.00 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: FRIDAY, SEPTEMBER 28, 2018 AND CLOSED ON: WEDNSDAY, OCTOBER 03, 2018

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an In - Principle approval letter dated September 19, 2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 557 applications for 39,69,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 1,32,000 Equity Shares. The issue was subscribed to the extent of 1.53 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.50 times. The details of application received (Before Technical Rejection but after bids not banked and application banked but bid not registered)

CATEGORY

NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Maker 1 1,32,000 1.00
Non Retail Investors 44 22,71,000 1.85
Retail Individual Investors 502 15,06,000 1.22
Total 547 39,09,000 1.51

The details of applications rejected by the Registrar on technical grounds and Multiple Rejection are detailed below:

CATEGORY

NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Maker - -
Non Retail Investor's 2 18,000
Retail Individual Investor's 1 3,000
TOTAL 3 21,000

Detail of the Applications Received (After Technical and Multiple Rejection):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES REVISED SUBSCRIPTION
Market Maker 1 1,32,000 1.00
Non Retail Investors 42 22,53,000 1.83
Retail Individual Investors 501 15,03,000 1.22
TOTAL 544 38,88,000 1.50

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 08, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,32,000 Equity shares in full out of reserved portion of 1,32,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.22 times. Total number of shares allotted in this category is 12,30,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received %to total Total No. of Equity Shares applied %of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares Allotted Surplus / (Deficit)
3,000 501 100.00 15,03,000 100.00 12,30,000 2,455.09 3,000 9:11 12,30,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.83 times. Total number of shares allotted in this category is 12,30,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No No. of Shares Applied for (Category wise) No. of Applications received % to total Total No. of Equity Shares applied %to total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares Allotted % Total Surplus/ (Deficit)
1 6,000 9 21.43 54,000 2.40 29,481 3,275.67 3,000 1:1 27,000 2.20 -2,481
                3.000 1:9 3,000 0.24 3,000
2 12,000 4 9.52 48,000 2.13 26,205 6,551.25 6,000 1:1 24,000 1.95 -2,205
                3,000 1:4 3,000 0.24 3,000
3 24,000 1 2.38 24,000 1.07 13,103 13,103 12,000 1:1 12,000 0.98 -1,103
4 30,000 8 19.05 2,40,000 10.65 1,31,025 16,378.13 15,000 1:1 1,20,000 9.76 -11,025
                3,000 1:2 12,000 0.98 12,000
5 36,000 1 2.38 36,000 1.60 19,654 19,654 21,000 1:1 21,000 1.71 1,346
6 60,000 1 2.38 60,000 2.66 32,756 32,756 33,000 1:1 33,000 2.68 244
7 63,000 9 21.43 5,67,000 25.17 3,09,547 34,394.11 33,000 1:1 2,97,000 24.15 -12,547
                3,000 4:9 12,000 0.98 12,000
8 72,000 1 2.38 72,000 3.20 39,308 39,308 39,000 1:1 39,000 3.17 -308
9 1,23,000 3 7.14 3,69,000 16.38 2,01,451 67,150.33 66,000 1:1 1,98,000 16.10 -3,451
                3,000 1:3 3,000 0.24 3,000
10 1,26,000 2 4.76 2,52,000 11.19 1,37,577 68,788.5 69,000 1:1 1,38,000 11.22 423
11 1,29,000 1 2.38 1,29,000 5.73 70,426 70,426 69,000 1:1 69,000 5.61 -1,426
12 1,50,000 1 2.38 1,50,000 6.66 81,891 81,891 81,000 1:1 81,000 6.59 -891
13 2,52,000 1 2.38 2,52,000 11.19 1,37,576 1,37,577 1,38,000 1:1 1,38,000 11.22 424

Please Note: Additional Lot of 2000 Share allotted in applied category of 6,000, 12,000, 30,000, 63,000 and 1,23,000 after proportionate allocation.

The Board of Directors of the Company at its meeting held on October 09, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before October 11,2018. Further, the instructions to SCSBs has been issued on October 09, 2018 for unblocking of funds. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 11, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai - 400 059, Maharashtra, India
Tel: +91 22 6263 8200 Fax: +91 22 6263 8299
Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Investor Grievance Id: ipo@bigshareonline.com
Contact Person: Mr. Jibu John
SEBI Registration No: INR000001385
For Vinny Overseas Limited
On behalf of the Board of Directors
Sd/-
Hiralal Parekh
Managing Director
Date: October 09, 2018
Place: Ahmedabad, Gujarat

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF VINNY OVERSEAS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Vinny Overseas Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad, Gujarat. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.pantomathgroup.com, website of the National Stock Exchange of India Limited at www.nseindia.com and website of Issuer Company at www.vinnyoverseas.in. Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page no. 21 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of. "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

Vinny Overseas IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Vinny Overseas IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Vinny Overseas IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Vinny Overseas IPO basis of allotment status?

    The Vinny Overseas IPO basis of allotment (published above) tells you how shares are allocated to you in Vinny Overseas IPO and category wise demand of IPO share.

    Visit the Vinny Overseas IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Vinny Overseas IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Vinny Overseas IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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