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Vasa Retail IPO is a fixed price issue of Rs 4.80 crores.
Vasa Retail IPO bidding started from January 24, 2018 and ended on January 29, 2018. The shares got listed on NSE SME on February 6, 2018.
Vasa Retail IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Hem Securities Limited is the book running lead manager of the Vasa Retail IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,600,000 shares (aggregating up to ₹4.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 88,000 shares |
Vasa Retail IPO a total of 1,688,000 shares are offered. RII: 756,000 (44.79%), NII: 756,000 (44.79%).
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 88,000 (5.21%) |
| Other Shares Offered | 756,000 (44.79%) |
| Retail Shares Offered | 756,000 (44.79%) |
| Other Shares Offered | 88,000 (5.21%) |
| Total Shares Offered | 1,688,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
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
[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...
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) |
|---|---|
| Other | 175.44 |
| Retail | 259.96 |
| Total | 218.00 |
| Listing Date | February 6, 2018 |
| BSE Script Code | |
| NSE Symbol | VASA |
| ISIN | INE068Z01016 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
| ₹36.00 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 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.
The Vasa Retail IPO opens on January 24, 2018 and closes on January 29, 2018.
Vasa Retail IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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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