The Vasa Retail IPO date has been confirmed from January 24, 2018 and ended on January 29, 2018.
Using an IPO, Vasa Retail is seeking to raise Rs 4.80 crores. Its 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.
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Bidding Dates
January 24-29
Price Range
₹30 per share
Face Value
₹10 per share
GMP
₹7.35
Vasa Retail IPO GMP
The Vasa Retail Limited IPO GMP is ₹7.35.
IPO Overview
The Vasa Retail IPO has a fixed price of Rs 4.80 crores. Bidding for the Vasa Retail IPO began on January 24, 2018 and closed on January 29, 2018. On February 6, 2018, the shares were listed on the NSE SME. The IPO price for Vasa Retail is ₹30 per share.
A lot size of 4000 shares is required for an application. Retail investors must make a minimum investment of ₹120,000 to participate. VROL classifies its product range into (i) school and education products; (ii) fine art and hobby products; and (iii) office products.
Vasa Retail IPO Details
| 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 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
Vasa Retail IPO Listing Details
| Listing Date | February 6, 2018 |
| BSE Script Code | |
| NSE Symbol | VASA |
| ISIN | INE068Z01016 |
| Final Issue Price | ₹30 per share |
Company Profile
Vasa Retail and Overseas Ltd (VROL) (formerly Vasa International a partnership firm) was founded in 2017 and primarily deals in (a) stationery products such as artistic materials, hobby colours, scholastic colours, 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 These stationery items are mostly utilised by schoolchildren and offices to meet their stationary needs.
Paper pulp, on the other hand, is the primary raw material used in the production of a wide range of papers.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | — |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Vasa Retail and Overseas Ltd |
| Phone number | +91 22 2414 1380 |
| Email ID | investor@vasagroup.in |
| Website | vasagroup.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
