Vinny Overseas IPO

Vinny Overseas IPOVinny Overseas IPO Description - Vinny Overseas is engaged in the processing of fabrics for shirting, suiting and dress materials through manufacturing process of weaving, dyeing, printing and finishing. The company procures Grey Fabric from the domestic market and further dyes the same as per the client’s requirements on the basis of quality of the fabric, sizing requirements etc. The company is also engaged in Job-Work for wholesale cloth merchants and also trades in grey cloth as per the order received from the customer.

Its products offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials and Cotton Fabrics. Established in 1992, the company caters both domestic and international clients. Vinny Overseas has also been recognized by Director General of Foreign Trade, Ministry of Commerce and Industry as a “One Star Export House” and holds a valid certificate upto 2020. Its processing unit is located at Isanpur Road, Narol, Ahmedabad in the state of Gujarat, on approximately 27000 square yard of land which comprises of dyeing, printing and finishing processing with a capacity of processing of approx. 4,00,00,000 meter per annum. For the financial year 2017-18, the company processed 3,82,87,548 meters of fabrics.

Promoters of Vinny Overseas – Hiralal Parekh
Vinny Overseas IPO details
Subscription Dates 28 September - 3 October 2018
IPO Price band INR40 per share
Fresh issue 2,596,000 shares (INR10.38 crore)
Offer for sale Nil
Total IPO size 2,596,000 shares (INR10.38 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirements - INR8 crore
  • General Corporate Purpose - INR1.87 crore
  • Issue Expenses - INR0.50 crore
Vinny Overseas' financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 80.59 87.35 98.30 98.34 130.54
Total expenses 79.61 85.87 96.58 95.63 126.58
Profit after tax 0.68 0.98 1.11 1.70 3.08
Vinny Overseas' Contact Details

Vinny Overseas Limited
B/H International Hotel
Narol-Isanpur Road, Narol
Ahmedabad Gujarat 382405

Phone: +91 79 2573 1900

Vinny Overseas IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.49
Day 2 0.98
Day 3 1.53


Vinny Overseas Valuation (For FY2018)

Earnings Per Share (EPS): INR4.66

Price/Earnings (P/E) ratio: 8.58

Return on Net Worth (RONW): 19.02%

Net Asset Value (NAV): INR24.49 per share

Registrar of Vinny Overseas IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201

Vinny Overseas IPO Allotment Status

Vinny Overseas IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Vinny Overseas

IPO Opening Date: 28 September 2018

IPO Closing Date: 3 October 2018

Finalisation of Basis of Allotment: 8 October 2018

Initiation of refunds: 9 October 2018

Transfer of shares to demat accounts: 10 October 2018

Listing Date: 11 October 2018

Listing Price on NSE SME: INR40.5 per share (up 1.25% from IPO price)

Closing Price on NSE SME: INR42.5 per share (up 6.25% from IPO price)

Vinny Overseas IPO
4.3 (85%) 4 votes

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