IPO DETAILS : Vinny Overseas Ltd.
Requirement of Funds
The proceeds of the Issue, after deducting Issue related expenses, are estimated to be Rs. 986.80 lakhs (the “Net Proceeds”).
We intend to utilize the Net Proceeds from Issue towards the following objects:
1. Funding the working capital requirements of the Company; and,2. General corporate purposes.
The Promoter of the Company is Mr. Hiralal Parekh
1. Mr. Hiralal Parekh : his aged 53 of years is Managing Director of the company. He was originally appointed as Director of the company with effect from May 29, 1992. He was designated as Managing Director on April 01, 2017. He is actively associated with the company in its operations since its incorporation. He has completed Education of Graduation in Commerce from Gujarat University. He has experience of 33 years in the Fabric Manufacturing and Dyeing Industry. He is the guiding force behind all the corporate decisions and is responsible for the entire business operations specifically manufacturing and sales operations of the company.
Passport No: Z3342025
Driving License: GJ01 20020014492
Voters ID: Not Available
Address: Vaibhav, near Gangajamna Flat Camp Road, Shahibaug,
Ahmedabad- 380004, Gujarat, India