The company has shown decent growth in terms of Revenues and PAT in the last 5 years. The LM Pantomath has good track record. The IPO can be look upon based on HNI subscription figure. If HNI subscription comes good than chances of discount listing would be less.
Vinny Overseas Limited IPO
(i) Vinny Overseas Limited was Incorporated on 29, 1992 in Gujarat, Dadra & Nagar Haveli. Vinny Overseas Limited is engaged in the processing of fabrics for Shirting, Suiting and Dress materials through the manufacturing process of Weaving, Dyeing, Printing, and Finishing.
(ii) The Company procures Grey Fabric from the domestic market and further dyes the same as per the client’s requirements on the basis of the quality of the fabric, sizing requirements etc. The Company is also engaged in Job-Work for wholesale cloth merchants and also trade in grey cloth as per the order received from the customer. The Company Products offering can be largely classified into Shirting Fabrics, Shooting Fabrics, Polyester Fabrics, Dress Materials, and Cotton Fabrics. Our operations and facilities enable us to provide a number of textile products/processes for our customers.
(iii) The Company processing unit is located at Isanpur Road, Narol, Ahmedabad in the state of Gujarat, on approximately 27000 square yards of land which comprises of Dyeing, Printing and Finishing processing with a capacity of processing of approx. 4,00,00,000 meter per annum.
(iv) For the financial year 2017-18, The Company has processed 3,82,87,548 meters of fabrics. The unit has the capacity to print, dye and process wide range of fabrics i.e. cotton, polyester, viscose and man-made & blended fabrics suitable for men’s wear, women’s wear, home furnishing, and many other applications. The Company based on its experience and its standards conforms to major specifications and customer requirements. The Company belief in benchmark product quality, customer-centric approach, people focus ethical business practices and good corporate citizenship.
Objects of the Vinny Overseas Limited IPO:
Vinny Overseas Limited IPO Details:
|Open Date:||Sep 28 2018|
|Close Date:||Oct 03 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||10.38 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 40 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 11 2018|
Promoters And Management:
Financials of Vinny Overseas Limited IPO:
|Particulars||For the year/period ended (in Rs Lacs)|
|Profit After Tax||307.56||170.38||111.44||97.77||67.51|
Recommendation on Vinny Overseas Limited IPO:
Lead Manager of Vinny Overseas Limited IPO:
Registrar of Vinny Overseas Limited IPO:
Bid Details of Vinny Overseas Limited IPO as on
03-Oct-2018 17:00:00 IST
|Category||No.of shares offered||No. of shares bid|
Discussion on Vinny Overseas Limited IPO:
EPS story (Pre-Issue) based on FY18 Financials
(i) PAT= 396 Lakh
(ii) Outstanding Shares= 66.026 Lakh
(iii) EPS= 5.99
(iv) P/E= 6.67
EPS story (Post-Issue) based on FY18 Financials
(i) PAT= 396 Lakh
(ii) Outstanding Shares=91.986 Lakh
(iii) EPS= 4.30
(iv) P/E= 9.30
Conclusion: The valuation is fairly priced as compared to its peers.
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