Vasa Retail IPO is all about to make its debut on 24 Jan 2018 with issue size of INR 4.80Cr.
Vasa Retail and Overseas Ltd. (VROL), a partnership firm founded in 2017, primarily deals in all kinds of (a) stationery products, including books, pens, pencils, erasers, files, hobby colours, scholastic stationery, office products, drawing instruments, writing instruments, and office stationery, as well as adhesives, notebooks, office supplies, and writing instruments. (b) Purchasing
These stationery items are mostly utilised by offices and school-age children as part of their stationary needs. However, the primary raw material used in the production of a wide range of papers is paper pulp. VROL divides its product line into three categories: (i) office goods; (ii) fine art and hobby products; and (iii) school and education items.
INDUSTRY OVERVIEW
Due to continuous growth in the Eurozone and Japan, significant growth in China and India, and an improvement in Russia’s condition, the global economy demonstrated a robust rebound in the first half of 2017. This recovery is anticipated to continue in the second half of the year. Geopolitical events in the Middle East and the Korean Peninsula, as well as the normalisation of monetary policy in the US and the Eurozone, are possible hindrances that might disrupt the global financial markets. Additionally, low volatility and ongoing low inflation may be precursors to impending unrest, as may high valuations in the equities and bond markets. Despite this, the oil market’s stability continues to be a significant factor in the expansion of the world economy.
The International Monetary Fund increased its forecast for global production growth, estimating 3.6% growth in 2017 and 3.7% growth in 2018. September saw gains on developed international stock markets, but a slowdown in growth on developing market stocks as a result of declining worldwide demand. Global interest rates, the political outlook for globalisation, and diminishing competitiveness are three external events that will have a big impact on India.
Vasa Retail IPO Details
| IPO Date | Jan 24, 2018 to Jan 29, 2018 |
| Listing Date | Feb 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 |
Objects of the Issue
The goal of the problem is to:
1. To fulfil the need for working capital
2. Corporate overhead costs, and
3. To Cover the Issue’s Costs
Vasa Retail IPO Prospectus
Company Contact Information
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
Vasa Retail IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://www.bigshareonline.com/
Vasa Retail IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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