Business description – Vasa Retail primarily deals in (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 our 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.
The company has exclusive license agreements dated 1 October 2014 and 10 June 2016 with Oxford Limited to market, sell, distribute, and promote various stationary products under the brand “University of Oxford” to around 26 countries spread across Asia, Middle East and Africa including India.
Promoters of Vasa Retail and Overseas – Mr Hardik Vasa and Ms Kajal Vasa
| Vasa Retail and Overseas IPO details | |
| Subscription Dates | 24 – 29 January 2018 |
| IPO Price band | INR30 per share |
| Fresh issue | 1,600,000 shares (INR4.8 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,600,000 shares (INR4.8 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working capital requirements – INR4 crore
- General Corporate Expenses
| Vasa Retail’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Till 20 Oct 2017 | |
| Total revenue | 10.5 | 17.6 | 18.8 | 21.9 | 23.9 | 17.9 |
| Total expenses | 10.3 | 17.4 | 18.8 | 21.9 | 22.6 | 16.8 |
| Profit after tax | 0.1 | 0.1 | -0.1 | -0.2 | 0.9 | 0.9 |
Vasa Retail Contact Details
Vasa Retail and Overseas Limited
C-001, Ground Floor, A/3, Antop Hill Warehousing
Vidyalankar College Marg, Barkat Ali
Antop Hill, Mumbai 400037
Phone: +91 22 2414 1380
Email: [email protected]
Website: www.vasagroup.in
Vasa Retail IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 2.92 |
| Day 2 | 17.11 |
| Day 3 | 205.42 |
Vasa Retail Valuation (Latest FY)
Earnings Per Share (EPS): INR2.18
Price/Earnings (P/E) ratio: 13.76
Return on Net Worth (RONW): 44.64%
Net Asset Value (NAV): INR4.89 per share
Registrar of Vasa Retail IPO
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
Vasa Retail IPO Allotment Status
Vasa Retail and Overseas IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Vasa Retail
IPO Opening Date: 24 January 2018
IPO Closing Date: 29 January 2018
Listing Date: 6 February 2018
Listing Price on NSE SME: INR36 per share (up 20% from IPO price)
Closing Price on NSE SME: INR36 per share (up 20% from IPO price)
Key concerns:
1. Fluctuating profits
2. What caused recent surge in profits when nothing major changed in business. Is it just for IPO ?
3. 22 year old college grad CFO appointed, are they crazy ?
4. Debt is high
5. Equity dilution in several past years.
6. Big peers like Camlin has been doing just ok, however will they survive in long run ?
@Ipocentral : You should highlight such issues rather than plain summary.
For me its an avoid, rest ur money ur decision.
good
Thanks Novice bhai, u raised very good points. Bekar company lag rahi
its right save money do not waste in such company
good ipo
No allotment happened for me …. hope u all ‘ll get .
great article!