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:
Management Team:
- Mr. Hiralal Parekh (Designation: Managing Director)
- Mrs. Latadevi Parekh (Designation: Whole Time Director)
- Mrs. Vandani Chowdhary (Designation: Non-Executive Director)
Objectives of the Issue:
- Funding the working capital requirements of the Company.
- 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 |
Knowledge Corner: (Click on the Link)
| 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 |
