Vinny Overseas Ltd

Vinny Overseas

About the Company:

Vinny Overseas is engaged in the processing of fabrics for shirting, suiting and dress materials through manufacturing process of weaving, dyeing, printing and finishing.

Company’s product offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials and Cotton Fabrics.

Company has a manufacturing facility with processing capacity of approx. 4,00,00,000 meter per annum.For the financial year 2017-18,Company has processed
3,82,87,548 meters of fabrics.

In Financial Year 2018, we exported our products to five countries viz. United Arab Emirates (UAE.), Sri Lanka, Iraq, Bahrain and Panama City. Revenue from Export Market constitutes approx. 6.20% of the total revenue.

Company generates approx. 93.80 % of its Revenue from Operation from Domestic market while approx. 6.20% of Revenue is generated by its export operations.

For the year ended March 31, 2018, Company’s total clientele consisted of more than 300 customers.

In addition to trading and manufacturing of printed fabrics, Company also does the job work of the fabrics.

 

Company’s Proposed Capacity Utilization:

capacity utilization

 

Management Team:

  1. Mr. Hiralal Parekh (Designation: Managing Director)
  2. Mrs. Latadevi Parekh (Designation: Whole Time Director)
  3. Mrs. Vandani Chowdhary (Designation: Non-Executive Director)

 

Objectives of the Issue:

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

 

Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 80.59 87.35 98.30 98.33 130.54
Net Profit 0.67 0.97 1.11 1.70 3.07

 

IPO Details:

Details Info
Issue Opens on 28th September 2018
Issue Closes on:. 3rd October 2018
Issue Price Rs.40
Face Value Rs.10
Minimum Lot 3000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 28.19%
Issue Size Rs.10.36 cr
Market Cap Rs.36.77 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 25,92,000
Equity Shares Prior to the Issue 66,02,600
Equity Shares after the Issue 91,94,600

 

IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
4.66 8.58 19.02% 24.49

 

 

Check IPO Allotment Status:

Bigshare Website (Click on the below Link)

http://www.bigshareonline.com/bssipoapplicationstatus.aspx

 

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Company Contact Info:
Vinny Overseas Limited
Behind International Hotel,
Narol-Isanpur Road, Narol
Ahmedabad, Gujarat-382405, India
Tel: +91 79 2573 1900
Email: cs@vinnyoverseas.in
Website: www.vinnyoverseas.in

 

IPO Registrar Info:
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opposite Vasant
Oasis, Makwana Road, Marol,
Andheri (East), Mumbai-400059, Maharashtra.
Tel: +91 22 62638200
Fax: +91 22 62638299
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

 

Lead Manager to the Issue:
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India
Tel: +91-22 61946700
Fax: +91-22 2659 8690
Email: ipo@pantomathgroup.com
Website: www.pantomathgroup.com