Ongoing SME IPO_Vinny Overseas Ltd

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Vinny Overseas Ltd

Issue Analysis :

Issue opens Sept.28, 2018
Issue Closes Oct. 03, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 10.38 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Pvt  Ltd
Platform NSE

Company’s Snapshot :

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.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

 

Financial Highlights :

 

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

 

Company Promoters:

The Promoters of the Company is:

  1. Hiralal Parekh

Contact Company Information:

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

 

Phone: +91 79 2573 1900
Email: cs@vinnyoverseas.in
Website: www.vinnyoverseas.in