Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Fri, Sep 28, 2018 - Wed, Oct 3, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 28, 2018
IPO Close
Wed, Oct 3, 2018
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹36.78 Cr
| IPO Date | 28 Sep to 3 Oct, 2018 |
| Listed on | Thu, Oct 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 25,92,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,32,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.5280 Cr) |
| Fresh Issue (Ex Market Maker) | 24,60,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 24,60,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 66,02,600 shares |
| Share Holding Post Issue | 91,94,600 shares |
| NSE Symbol | VINNY |
| ISIN | INE01KI01019 |
Vinny Overseas IPO comprises a total issue size of 25,92,000 shares. The net offer to the public is 24,60,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 12,30,000 (50.00%) allocated to NII 12,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,30,000 | 50.00% | 47.45% |
| Retail Shares Offered | 12,30,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.09% | |
| Total Shares Offered | 25,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 8.00 |
| 2 | General Corporate Purpose | 1.87 |
The Vinny Overseas IPO is subscribed 1.61 times on October 3, 2018 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.97 | 12,32,000 | 24,33,000 |
| Retail | 1.24 | 12,32,000 | 15,30,000 |
| Total | 1.61 | 24,64,000 | 39,69,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.31 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.50 |
| Low | ₹40.50 |
| High | ₹42.50 |
| Last Trade | ₹42.40 |
Lead Manager Reports
Vinny Overseas IPO is a SME IPO of 25,92,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Sep 28, 2018, and closes on Wed, Oct 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 Fri, Sep 28, 2018 and closes on Wed, Oct 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 Thu, Oct 11, 2018.
