Vinny Overseas Rights Issue Date, Price, Market Lot, Subscription 2024

Vinny Overseas Rights Issue Date, Price, Market Lot, Subscription 2024


Vinny Overseas Rights Issue

Vinny Overseas Rights Issue is scheduled on 27 Aug – 10 Sep 2024

Vinny Overseas is involved in processing fabrics for shirting, suiting, and dress materials through weaving, dyeing, printing, and finishing. The company sources grey fabric from the domestic market and dyes it according to client specifications based on its quality, size, and other factors. Additionally, the company performs jobs for wholesale cloth merchants and trades in grey cloth based on customer orders.

The company offers a range of products, including shirting fabrics, suiting fabrics, polyester fabrics, dress materials, and cotton fabrics. Its overseas supplies are primarily distributed in Dubai, Bahrain, Indonesia, Sri Lanka, the U.S.A., China, Brazil, and Oman etc. As of 31 December 2023, Vinny Overseas had a total clientele of over 300 customers.

Vinny Overseas Limited

Promoters of Vinny Overseas – Hiralal Parekh


Vinny Overseas Rights Issue Details

Vinny Overseas Rights Issue Date 27 Aug – 10 Sep 2024
Vinny Overseas Rights Issue Price INR 2 per share
Issue Size (in Shares) 23,26,23,311 shares
Issue Size (in INR) INR 46.52 crore
Issue Entitlement 1 equity shares for every 1 equity shares held on record date
Terms of Payment Fully payable at the time of application
Vinny Overseas Rights Issue Record Date 14 August 2024
Face Value INR 1 per share
Listing On BSE, NSE


Vinny Overseas Rights Issue Calculation

Vinny Overseas Rights Issue Price INR 2 per share
Market Price on Rights Issue Approval INR 4.31 per share
Dilution Factor (X) 2
Fair Value After Dilution at Prevailing Price INR 3.16 per share

Vinny Overseas Financial Performance

  FY 2022 FY 2023 FY 2024
Revenue 109.0 105.0 113.0
Expenses 111.0 97.0 103.0
Operating Margin (%) (2.0) 9.0 8.0
Net Income (4.51) 2.40 3.54
ROCE (%) (9.0) 10.0 13.0

Figures in INR Crores unless specified otherwise


Vinny Overseas Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • Repayment of borrowings – INR 17 crore
  • Purchase of machinery and construction in the existing manufacturing unit – INR 13.87 crore
  • To meet incremental working capital requirements – INR 10 crore
  • General corporate purposes

Vinny Overseas Rights Offer Documents


Vinny Overseas Rights Issue Dates

Rights Issue Approval Date 8 August 2024
Rights Issue Record Date 14 August 2024
Credit of Rights Entitlement Coming soon
Rights Issue Opening Date 27 August 2024
Last Date for Market Renunciation 4 September 2024
Rights Issue Closing Date 10 September 2024
Finalization of Basis of Allotment Coming soon
Rights Allotment Date Coming soon
Credit Date Coming soon
Listing Date Coming soon

Vinny Overseas Rights Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com


VINNY OVERSEAS LIMITED
B/H International Hotel Narol-Isanpur
Road Narol, Ahmedabad, Gujarat 382405 India
Phone: +91 9328804500
E-mail: [email protected]
Website: www.vinnyoverseas.in


Vinny Overseas Rights Offer FAQs

What is the Vinny Overseas Rights Issue Price?

The issue price is INR 2 per share.

What is the Vinny Overseas Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.

What is the Vinny Overseas Rights Issue Record Date?

The Record date is 14 August 2024.

How to Apply for the Vinny Overseas Rights Offer?

The best way to apply for the Vinny Overseas Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.



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