Vasa Retail IPO Basis of Allotment

VASA RETAIL AND OVERSEAS LIMITED
Corporate Identity Number: U74110MH2017PLC301013

Our Company was originally formed as partnership firm constituted under the Partnership Act, 1932 (the 'Partnership Act') In the name of M/s Vasa International, pursuant to a deed of partnership dated April 04,1994.The terms, conditions and clauses of partnership firm was changed Including addition and retirement of partners by way of partnership deeds dated April 02, 2001, August 29, 2016 and September 27, 2017.Vasa International was thereafter converted from a partnership firm to a public limited company with the name Vasa Retail and Overseas Limited and received a certificate of Incorporation from Registrar of Companies, Mumbai on October 20, 2017. For details of changes In name and registered office of our Company, please refer to the section titled 'History and Certain Corporate Matters' beginning on page 95 of the Prospectus.

Registered Office: C-001, Ground Floor, A/3, Antop Hill Warehousing, Vidyalankar College Marg, Barkat Ali, Antop Hill, Mumbai 400037, India.
Telephone: +91 22 2414 1380 | Facsimile: + 91 22 2414 1380 | E-mail: lnvestor@vasagroup.in | Website: www.vasagroup.in
Contact Person: Mr. Bharat Kumar Prajapat, Company Secretary & Compliance Officer

PUBLIC ISSUE OF 16,00,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF VASA RETAIL AND OVERSEAS LIMITED ('VASA' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 30 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 480.00 LAKHS ('THE ISSUE'), OF WHICH 88,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,12,000 EQUITY SHARES OF RS 10 EACH (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.70% AND 25.23%, RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

PROPOSED LISTING: FEBRUARY 06, 2018*

The Equity Shares offered through this Prospectus are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited (NSE) Our Company has received an in-principle approval from NSE for the listing of the Equity Shares pursuant to the letter dated January 11,2018. For the purpose of this Issue, the Designated Stock Exchange will be National Stock Exchange of India Limited ('NSE'). The trading is proposed to be commenced on or about February 06, 2018*
*Subject to receipt of listing and trading approvals from the NSE

All Applicants were allowed to participate In the issue through Application Supported by Blocked Amount ('ASBA') process by providing the details of the respective bank accounts In which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The issue has received 49,375 applications for 32,42,24,000 Equity Shares resulting in 202.64 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows: Detail of the Applications Received (Before Technical & Multiple Rejection):

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on February 02, 2018.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 30 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 88,000 Equity shares.

The category wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 30 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 212.20 times i.e. for 19,26,80,000 Equity Shares. Total number of shares allotted in this category is 9,08,000 Equity Shares to 227 successful applicants.

The category wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 30 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 212.30 times i.e. for 12,82,28,000 shares. Total number of shares allotted in this category is 6,04,000 Equity Shares to 102 successful applicants.

The category wise details of the Basis of Allotment are as under: (SAMPLE)

The Board of Directors of the Company at its meeting held on February 02, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on February 02, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before February 05, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about February 02, 2018 In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 17, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Bigshare Services Private Limited at www.bigshareonline. com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First / Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Telephone: +91 22 62638200 | Facsimile: +91 22 62638299
E-mail: ipo@bigshareonline.com | Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Jibu John | SEBI Registration No.: INR000001385