Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Jan 24, 2018 - Mon, Jan 29, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jan 24, 2018
IPO Close
Mon, Jan 29, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹17.98 Cr
| IPO Date | 24 to 29 Jan, 2018 |
| Listed on | Tue, Feb 6, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 88,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.2640 Cr) |
| Fresh Issue (Ex Market Maker) | 15,12,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 15,12,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 43,92,550 shares |
| Share Holding Post Issue | 59,92,550 shares |
| NSE Symbol | VASA |
| ISIN | INE068Z01016 |
Vasa Retail IPO comprises a total issue size of 16,00,000 shares. The net offer to the public is 15,12,000 shares, after excluding 88,000 shares allotted on a firm basis. Of the Net offer 7,56,000 (50.00%) allocated to NII 7,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,56,000 | 50.00% | 47.25% |
| Retail Shares Offered | 7,56,000 | 50.00% | 47.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 88,000 | 5.50% | |
| Total Shares Offered | 16,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | To Meet Working Capital Requirement | 4.00 |
| 2 | General Corporate Expenses | 0.20 |
The Vasa Retail IPO is subscribed 218 times on January 29, 2018 5:00:00 PM (Day 3). The public issue subscribed 259.96 times in the retail category, [.] times in the QIB category, and 175.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 175.44 | 7,56,000 | 13,26,36,000 |
| Retail | 259.96 | 7,56,000 | 19,65,28,000 |
| Total | 218 | 15,12,000 | 32,96,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to merchant banker including underwriting and selling commissions, brokerages, Printing and stationery and postage expenses, Advertising and marketing expenses, Statutory expenses payment to other intermediaries such as legal advisors, registrars, etc and other out of pocket expenses | 0.60 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
Vasa Retail IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jan 24, 2018, and closes on Mon, Jan 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 Wed, Jan 24, 2018 and closes on Mon, Jan 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 Tue, Feb 6, 2018.
