Fixed Price IPO | ₹40 Cr | Listed at NSE SME | Tue, Mar 26, 2019 - Thu, Mar 28, 2019
Osia Hyper Retail IPO is a fixed price issue of ₹39.78 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹39.78 crore.
Osia Hyper Retail IPO bidding started from Mar 26, 2019 and ended on Mar 28, 2019. The allotment for Osia Hyper Retail IPO was finalized on Apr 2, 2019. The shares got listed on NSE SME on Apr 5, 2019.
Osia Hyper Retail IPO price is ₹252 per share. The lot size for an application is 400. The minimum amount of investment required by an individual investor (retail) is ₹1,00,800 (400 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (800 shares), amounting to ₹2,01,600.
Monarch Networth Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Monarch Networth Capital Ltd..
Refer to Osia Hyper Retail IPO RHP for detailed Information.
IPO Open
Tue, Mar 26, 2019
IPO Close
Thu, Mar 28, 2019
Issue Price
₹252 per share
Market Cap (Pre-IPO)
₹150.03 Cr
| IPO Date | 26 to 28 Mar, 2019 |
| Listed on | Fri, Apr 5, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹252 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 15,78,400 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 79,200 shares Monarch Networth Capital Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 14,99,200 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 14,99,200 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 43,75,000 shares |
| Share Holding Post Issue | 59,53,400 shares |
| NSE Symbol | OSIAHYPER |
| ISIN | INE06IR01013 |
Osia Hyper Retail IPO comprises a total issue size of 15,78,400 shares. The net offer to the public is 14,99,200 shares, after excluding 79,200 shares allotted on a firm basis. Of the Net offer 7,49,600 (50.00%) allocated to NII 7,49,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,49,600 | 50.00% | 47.49% |
| Retail Shares Offered | 7,49,600 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 79,200 | 5.02% | |
| Total Shares Offered | 15,78,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹1,00,800 |
| Retail (Max) | 1 | 400 | ₹1,00,800 |
| HNI (Min) | 2 | 800 | ₹2,01,600 |
Incorporated in 2013, Ahmedabad-based Osia Hypermart Retail Limited is an emerging retail supermarket chain. It focuses on value retailing by offering products at competitive pricing. Currently, the brand has 11 distribution stores across five cities (Ahmedabad, Vadodara, Dehgam, Gandhinagar and Gandhidham) in Gujarat.
Each Osia shopping store is segregated into different segment such as crockery, Handbags, Women's wear, Cosmetics, Footwear, Menswear, handlooms, etc.
It has more than thousands of products focused on fulfilling every need of a family. The Osia is a distributor which sources the products from Calcutta, Mumbai, Delhi, Surat, Agra, Ahmedabad and Tripura.
The company is planning to expand the business with comparative arrangement stores which can provide products maintaining a balance between cost and quality. The company is also looking forward to trade wholesale which will boost the growth of the company.
The competitive strengths of the company are:
• A range of products
• Good brand reputation in Gujarat
• 11 distribution stores in Gujarat
• Products for lower to upper-class consumers
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Fit outs for stores | 8.48 |
| 2 | To meet working capital requirement | 28.70 |
| 3 | General Corporate Expenses | 1.60 |
| 4 | Issue Expenses | 1.00 |
The Osia Hyper IPO is subscribed 1.12 times on March 28, 2019 6:00:01 PM (Day 3). The public issue subscribed 0.57 times in the retail category, [.] times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.66 | 7,49,600 | 12,44,000 |
| Retail | 0.57 | 7,49,600 | 4,27,600 |
| Total | 1.12 | 14,99,200 | 16,81,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and Underwriting. | 0.43 |
| 2 | Regulatory expenses and payment to other intermediaries, Advertisement & Marketing Expenses and other out of pocket expenses, selling commissions, brokerages. | 0.57 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹252.00 |
| Open | ₹255.00 |
| Low | ₹255.00 |
| High | ₹267.75 |
| Last Trade | ₹267.60 |
Lead Manager Reports
Osia Hyper Retail IPO is a SME IPO of 15,78,400 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹252 per share. The minimum order quantity is 400.
The IPO opens on Tue, Mar 26, 2019, and closes on Thu, Mar 28, 2019.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Osia Hyper Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Osia Hyper Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Osia Hyper Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Osia Hyper Retail IPO opens on Tue, Mar 26, 2019 and closes on Thu, Mar 28, 2019.
Osia Hyper Retail IPO lot size is 400, and the minimum amount required for application is ₹1,00,800.
You can apply in Osia Hyper Retail IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Osia Hyper Retail IPO will be done on Tuesday, April 2, 2019, and the allotted shares will be credited to your demat account by Thu, Apr 4, 2019. Check the Osia Hyper Retail IPO allotment status.
The Osia Hyper Retail IPO listing date is on Fri, Apr 5, 2019.
