Vinny Overseas Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Vinny Overseas Limited is engaged in manufacturing, weaving, dyeing, processing, and printing of fabrics that used for shirtings, suitings and dress materials. The company obtains the Grey Fabrics from the domestic markets and dyes according to the client’s requirements. It also involved in Job-Work for its wholesale cloth merchants. It has over 2 decades of experience in the textile industry and fulfils both domestic as well as international markets. It is also recognized by Director General of Foreign Trade, Ministry of Commerce and industry as ’One Star Export House’ with certificate validated up to 2020.
Date of Incorporation: The company was incorporated as ‘Vinny Overseas Private Limited’ on 29th May 1992 at Ahmedabad, Gujarat. Eventually, it was converted to public limited company reframed as ‘Vinny Overseas Limited’ on 02nd March 2017.
Promoters of Vinny Overseas Limited: Mr Hiralal Parekh is the sole promoter of Vinny Overseas Limited.
Products and Services Offering: The company is mainly engaged in Grey Fabric processing. The product portfolio consists of:
- Shirting Fabrics
- Suiting Fabrics
- Polyester Fabric
- Dress Materials
- Cotton Fabric
Besides this, it is also involved in customizing the design and quality of the fabric according to its client’s requirements.
Customer Segments: The company has generated around 93.80% of its Revenue from its operation in Domestic markets while 6.20% of its Revenue was generated from International markets. Some of its Domestic Clientele includes Aarnav Industries Pvt.Ltd, Gopi Synthetics Pvt.Ltd, Himanshu Textiles, Roma Textiles, and Jaluram Textile Mills. While its International clientele is spread across UAE, Sri Lanka, Iraq, Bahrain, and Panama City.
Objects of Vinny Overseas Limited IPO: The main objective of this IPO are:
- Funding Working Capital Requirements of the Company.
- General Corporate Purposes.
Summary of Financial Information (Restated)
For the year/period ended (in Rs. Lakhs)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)