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Rights Issue Status: Closed [27th Aug 2024 to 10th Sep 2024]
Vinny Overseas Limited is offering rights issue size of Rs 46.52 Cr . The subscription period for this rights issue is opening from 27 Aug to 10 Sept 2024. The company will issue and hold on the record date is 14 Aug 2024 . The face value of a share is Rs. 1 per share and the issue price is Rs 2 per share.
Stay connected with us to know more about Vinny Overseas Limited Right Issue Details 2023 including issue size, entitlement to rights, payment terms and more.
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 Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 23.26 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹46.52 Cr |
| Face Value | ₹1 Per Equity Share |
| Rights Issue - Issue Price | ₹2 per share |
| Rights Issue Record Date | 14th Aug 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Rights Issue 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. |
| Listing At | BSE, NSE |
| BSE Code | 543670 |
| NSE Code | VINNY |
In this section we have covered all important dates related to Vinny Overseas Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 27th Aug 2024 |
| Rights Issue Issue Close Date | 10th Sep 2024 |
| Basis of Allotment Finalisation Date* | 16th Sep 2024 |
| Refunds Initiation* | 4th Sep 2024 |
| Credit of Shares to Demat Account* | 17th Sep 2024 |
| Rights Issue Listing Date* | 18th Sep 2024 |
* - Tentative Dates
Zerodha Trade@20
Vinny Overseas Limited was established in May 1992. It is engaged in processing fabrics for shirts, suits and garments through the manufacturing process of weaving, dyeing, printing and finishing. Their company obtains the raw fabrics from the domestic market and dyes them according to the requirements of the customers based on the quality of the fabrics, size requirements, etc. Your company is also engaged in contract work for wholesalers and also deals in raw materials as per customer orders.
Their product range can be broadly divided into shirting fabrics, shooting sports fabrics, polyester fabrics, dress fabrics and cotton fabrics. Thank you to their factories and facilities, they can offer a range of textile products and processes to their customers. In addition to trading and manufacturing printed fabrics, the company also offers fabric processing services. The company has grown over the past five fiscal years; see below for details on operating revenues.
The Company has its own testing and quality control (“QC”) team that performs testing and quality management. The testing and quality control team, together with testing equipment, ensures the quality of raw materials used in the process and finished goods delivered to customers. This helps to improve the procurement process and thus reduce scrap, returns and other related costs.
Past performance and financial results of Vinny Overseas .
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 table below is live update of Rights Issue bidding details from NSE and BSE.
Vinny Overseas Rights Issue Offer Document (Letter of Offer) >>Document
Vinny Overseas Rights Issue Offer Document (Letter of Offer) >>Vinny Overseas Rights Issue Red Herring Prospectus is not yet available.
Vinny Overseas Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Vinny Overseas Rights Issue Online Application (Registrar & Transfer Agent) >>Vinny Overseas Rights Issue RTA information is not yet available.
Last Updated on 2024-09-13T05:32:46+00:00
