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Vasa Retail IPO is a fixed price issue of ₹4.80 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹4.80 crore.
Vasa Retail IPO bidding started from Jan 24, 2018 and ended on Jan 29, 2018. The shares got listed on NSE SME on Feb 6, 2018.
Vasa Retail IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Vasa Retail IPO RHP for detailed Information.
| IPO Date | January 24, 2018 to January 29, 2018 |
| Listing Date | February 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,00,000 shares (aggregating up to ₹4.80 Cr) |
| Reserved for Market Maker | 88,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.2640 Cr) |
| Net Offered to Public | 15,12,000 shares (aggregating up to ₹4.54 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 43,92,550 shares |
| Share Holding Post Issue | 59,92,550 shares |
Vasa Retail IPO offers total 16,00,000 shares. Out of which 7,56,000 (47.25%) allocated to NII, 7,56,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 88,000 (5.50%) |
| NII (HNI) Shares Offered | 7,56,000 (47.25%) |
| Retail Shares Offered | 7,56,000 (47.25%) |
| Total Shares Offered | 16,00,000 (100.00%) |
Vasa Retail IPO opens on January 24, 2018, and closes on January 29, 2018.
| IPO Open Date | Wed, Jan 24, 2018 |
| IPO Close Date | Mon, Jan 29, 2018 |
| Tentative Listing Date | Tue, Feb 6, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 29, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2017, Vasa Retail and Overseas Ltd (VROL) (erstwhile Vasa International – a partnership firm) is primarily deals in all kinds of (a) stationery products viz. artistic materials, hobby colors, scholastic colors, scholastic stationery, office products, drawing instruments, writing instruments, office stationery, adhesives, notebooks, office supplies and writing instruments, books, pens, pencils, erasers, files, copier paper, bags and bottles; (b) procuring paper pulp and supplying the same to paper mills and (c) procuring bag fabric and supplying it to the other bag manufacturers and also using the same for manufacturing its products (school and office bags).
These stationery products are essentially used by school going children and offices as a part of their stationary requirements. On the other hand, paper pulp is the key raw material for the manufacturing of wide variety of paper. VROL classifies its product range into (i) school and education products; (ii) fine art and hobby products; and (iii) office products.
The Company Vasa Retail IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 4.00 |
| 2 | General Corporate Expenses | 0.20 |
[Dilip Davda] Although issue appears reasonably priced, dismal performance in the recent past raises concern. However, stationery sector is poised for bright prospects as Government is giving major thrust on education. Considering recent encouraging performance and bright prospects ahead, investors may consider investment for long term. (Subscribe – for long term). Read detail review...
| Listing Date | February 6, 2018 |
| BSE Script Code | |
| NSE Symbol | VASA |
| ISIN | INE068Z01016 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Vasa Retail & Overseas Ltd.
C - 001, Ground Floor, A/3,
Antop Hill Warehousing,
Vidyalankar College Marg,
Mumbai, Maharashtra, 400037
Phone: +91 22 2414 1380
Email: investor@vasagroup.in
Website: http://www.vasagroup.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vasa Retail IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.80 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on January 24, 2018, and closes on January 29, 2018.
Bigshare 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 Vasa Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Vasa Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vasa Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vasa Retail IPO opens on January 24, 2018 and closes on January 29, 2018.
Vasa Retail IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Vasa 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 Vasa Retail IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vasa Retail IPO allotment status.
The Vasa Retail IPO listing date is on Tuesday, February 6, 2018.
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