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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
| 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 |
| Last Date to buy shares | August 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 66.06 | 62.90 | 57.16 |
| Revenue | 113.43 | 106.62 | 110.11 |
| Profit After Tax | 3.54 | 2.41 | -4.51 |
| Amount in ₹ Crore | |||
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 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.
18 4.3 Rating:  Vote Here ... |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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 Entitlements | August 23, 2024 |
| Last Date for renunciation of Rights Entitlements | September 4, 2024 |
| Issue Opening Date | August 27, 2024 |
| Issue Closing Date | September 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:
Steps to apply for Vinny Overseas Rights Issue 2024 using Net Banking (ASBA)
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)
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