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Vinny Overseas IPO is a fixed price issue of ₹10.37 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹10.37 crore.
Vinny Overseas IPO bidding started from Sep 28, 2018 and ended on Oct 3, 2018. The shares got listed on NSE SME on Oct 11, 2018.
Vinny Overseas IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,92,000 shares (aggregating up to ₹10.37 Cr) |
| Reserved for Market Maker | 1,32,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.5280 Cr) |
| Net Offered to Public | 24,60,000 shares (aggregating up to ₹9.84 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 66,02,600 shares |
| Share Holding Post Issue | 91,94,600 shares |
Vinny Overseas IPO offers total 25,92,000 shares. Out of which 12,30,000 (47.45%) allocated to NII, 12,30,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.09%) |
| NII (HNI) Shares Offered | 12,30,000 (47.45%) |
| Retail Shares Offered | 12,30,000 (47.45%) |
| Total Shares Offered | 25,92,000 (100.00%) |
Vinny Overseas IPO opens on September 28, 2018, and closes on October 3, 2018.
| IPO Open Date | Fri, Sep 28, 2018 |
| IPO Close Date | Wed, Oct 3, 2018 |
| Tentative Listing Date | Thu, Oct 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 3, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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 Company Vinny Overseas IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 8.00 |
| 2 | General Corporate Purpose | 1.87 |
[Dilip Davda] <p>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.</p> Read detail review...
| Listing Date | October 11, 2018 |
| BSE Script Code | |
| NSE Symbol | VINNY |
| ISIN | INE01KI01019 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.50 |
| Low | ₹40.50 |
| High | ₹42.50 |
| Last Trade | ₹42.40 |
Vinny Overseas Ltd.
B/H International Hotel,
Narol-Isanpur Road,
Narol Ahmedabad
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
Vinny Overseas IPO is a SME IPO of 25,92,000 equity shares of the face value of ₹10 aggregating up to ₹10.37 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
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.
Zerodha customers can apply online in Vinny Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Vinny Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vinny Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vinny Overseas IPO opens on September 28, 2018 and closes on October 3, 2018.
Vinny Overseas IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Vinny Overseas IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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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