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Vinny Overseas Limited Rights Issue (Vinny Overseas Rights Issue 2024) Detail

August 27, 2024 - September 10, 2024
Vinny Overseas Limited Logo

Incorporated in 1992, Vinny Overseas Limited is engaged in manufacturing textiles.

The company's product list includes Denims, Polyester, Rayon, and Cotton fabric.

Vinny Overseas' aim is to develop processes and equipment that help reduce pollution. All its production equipment is designed to meet stringent safety requirements and standards.

The Indian textile industry is one of the largest in the world with a large raw material base and manufacturing strength across the value chain. The textile industry contributes to 7% of industry output in value terms, 2% of India's GDP, and 15% of the country's export earnings. With over 45 million people employed directly, the textile industry is one of the largest sources of employment generation in the country

Vinny Overseas Rights Issue 2024 Detail

Issue Open August 27, 2024 - September 10, 2024
Security Name Vinny Overseas Limited
Issue Size (Shares) 232,623,311
Issue Size (Amount) ₹46.52 Crores
Issue Price ₹2 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of Rs.2/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Vinny Overseas Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 13, 2024
Record Date August 14, 2024
Credit of Rights Entitlements August 23, 2024
Bid/Offer Opens On August 27, 2024
Renunciation of Rights Entitlements September 4, 2024
Bid/Offer Closes On September 10, 2024
Deemed Date of Allotment September 16, 2024
Credit Date September 17, 2024
Listing Date September 18, 2024

Company Financials

Vinny Overseas Limited Financial Information (Restated)

Vinny Overseas Limited's revenue increased by 6.38% and profit after tax (PAT) rose by 47.24% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets66.0662.9057.16
Revenue113.43106.62110.11
Profit After Tax3.542.41-4.51
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds of the Issue towards the following objects:
1. Repayment of borrowings;
2. Purchase of Machinery and Construction in the existing manufacturing unit;
3. To meet incremental working capital requirements; and
4. General corporate purposes

Vinny Overseas Rights Issue 2024 Subscription Status

Vinny Overseas Rights Issue 2024 got oversubscribed by 1.46 times by the end of the bidding period with total bid quantity received by BSE and NSE of 339,692,959 shares.

Vinny Overseas Rights Issue 2024 Documents

Vinny Overseas Rights Issue 2024 Rating

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Vinny Overseas Rights Issue 2024 Reviews

Company Contact Information

Vinny Overseas Limited
B/H,nissan services, mutton gali road,
near BMP textile mills pvt ltd,
Narolgam, Ahmedabad - 382405

Phone: 9328804500
Email: cfo@vinnyoverseas.in
Website: http://www.vinnyoverseas.in/

Vinny Overseas Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Vinny Overseas Rights Issue 2024 Lead Manager(s)

Vinny Overseas Rights Issue 2024 FAQs

The Vinny Overseas Rights Issue 2024 opens on August 27, 2024, and closes on September 10, 2024.

Vinny Overseas Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsAugust 23, 2024
Last Date for renunciation of Rights EntitlementsSeptember 4, 2024
Issue Opening DateAugust 27, 2024
Issue Closing DateSeptember 10, 2024
Date of Allotment (on or about)September 16, 2024
Date of Credit (on or about)September 17, 2024
Date of Listing (on or about)September 18, 2024

Vinny Overseas Rights Issue 2024 price is set at ₹2 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (August 14, 2024).

The record date for the Vinny Overseas Rights Issue 2024 is August 14, 2024.

The issue size of Vinny Overseas Rights Issue 2024 is of 232,623,311 equity shares at ₹2 per share aggregating upto ₹46.52 Crores.

The Letter of Offer for Vinny Overseas Rights Issue 2024 can be download here.

You can apply for Vinny Overseas Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Vinny Overseas Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Vinny Overseas Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Vinny Overseas Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Vinny Overseas Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Vinny Overseas Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

13 Comments

13. Kamal Kishore bhardwaj     Link|October 10, 2024 2:57:21 PM
Alloted share account me kab aayenge please date bataiye
12. PK     Link|September 24, 2024 11:58:20 AM
Does anyone receive the right sahres in the Demat account?
12.1. Dharmendra Kumar     Link|September 24, 2024 2:50:20 PM
No
12.2. Deep     Link|September 27, 2024 3:21:10 PM
No, stock price is falling and I am just watching it fall everyday. Stocks still not added in my portfolio. Who is responsible for this? Any idea?
11. Dharmendra Kumar     Link|September 24, 2024 2:51:21 PM
Listing kad ha
10. JHUNJHUNWALA SAKET     Link|September 20, 2024 6:36:13 PM
Right issue alloted ,listing on 24th
10.1. Jagdish     Link|September 21, 2024 10:18:14 AM
Please share link to check allotment
9. Satya     Link|September 21, 2024 1:00:35 AM
Mujhe Vinny overseas ke Right issue share nahi mile or paisa bhi cut gaya bhai ye company baiman he.
8. Satyavir Singh     Link|September 21, 2024 12:52:43 AM
Vinny Overseas LTD. Right issue Share nahi mile or paisa bhi cut gaya ye company beiman he.
7. J H Parekh     Link|September 19, 2024 11:29:23 PM
Right Issue Allotment Status and it's probable listing date, please
7.1. Karthick     Link|September 20, 2024 2:25:32 PM
Where can I check the allotment and date of listing?
6. Karthick     Link|September 20, 2024 2:24:27 PM
Rights issue listing date ? When will shares credit to my demat? And where can I check the allotment status?
5. sajjan     Link|September 20, 2024 2:11:21 PM
RIGHT ISSUE CREDIT DATE LISTING DATE PLEASE
4. k d solanki     Link|September 19, 2024 11:54:24 AM
Right issue Listing Date ?
3. arjuna     Link|September 10, 2024 11:36:40 AM
How to apply right issue. I have shares of Vinny and I m eligible for right issues.
3.1. coolanksss     Link|September 10, 2024 1:16:48 PM
You Can apply through ASBA
2. Ashish     Link|August 21, 2024 2:59:54 PM
The Mail for Rights Issue is expected by which date
1. Murthy     Link|August 9, 2024 5:05:29 PM
Draft LOF
https://www.bseindia.com/corporates/download/12884/Rights/Vinny%20Overseas%20Limited%20Draft%20Letter%20of%20Offer_20240502152358.pdf

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