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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 object of the issue are to:
1. To meet Working Capital Requirement
2. General Corporate Expenses, and
3. To Meet the Issue Expenses
| Vasa Retail IPO Date | Jan 24, 2018 to Jan 29, 2018 |
| Vasa Retail IPO Face Value | ₹10 per share |
| Vasa Retail IPO Price | ₹30 per share |
| Vasa Retail IPO Lot Size | 4000 Shares |
| Issue Size | 1,600,000 shares of ₹10 (aggregating up to ₹4.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The object of the issue are to: 1. Mr. Hardik Vasa and |
The Vasa Retail IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120,000 |
| Maximum | 1 | 4000 | ₹120,000 |
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...
The Vasa Retail IPO is subscribed 218.00 times on Jan 29, 2018 5:00:00 PM. 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) |
|---|---|
| NII | 175.44 |
| Retail | 259.96 |
| Total | 218.00 |
| Listing Date | Tuesday, February 6, 2018 |
| BSE Script Code | |
| NSE Symbol | VASA |
| Listing In | |
| ISIN | INE068Z01016 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
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Vasa Retail and Overseas Ltd
C - 001, Ground Floor, A/3,
Antop Hill Warehousing, Vidyalankar College Marg,
Mumbai 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: http://www.bigshareonline.com
Vasa Retail IPO is a SME IPO of 1,600,000 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 Shares.
The IPO opens on Jan 24, 2018, and closes on Jan 29, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Vasa Retail IPO opens on Jan 24, 2018 and closes on Jan 29, 2018.
Vasa Retail IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Vasa Retail IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.
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