The Initial Public Offer of VASA Retail and Overseas Ltd, engaged
in the retail business, manufacturing, trading a wide range of stationeries and
raw materials, received an overwhelming response from the investors. The public issue
which opened for subscription on Jan 24, 2018, was oversubscribed by 206 times.
The HNI and Retail portion subscribed 175.93 and 261.24 times respectively on
the last day, as per data available on NSE Emerge platform.
Vasa Retail and Overseas Ltd public issue of up to 16,
00,000 Equity Shares
of face value of Rs. 10 each for cash at price of Rs. 30 per Equity Share, aggregating up to 480
lakhs, will list on NSE Emerge. The net proceeds from the IPO will be utilized for meeting working
capital requirements, general corporate and issue expenses. The Lead Manager to the Issue
is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer
is Bigshare Services Pvt. Ltd.
About VASA
Retail and Overseas Ltd
Incorporated on
October 20, 2017, VASA Retail and
Overseas Ltd has been in the business of
art materials and stationery products, executive bags and bag fabric since the
year 1994. The Company have a
multi-tiered distribution network consisting of distributors, wholesalers, shop
in shop, modern retail outlets, multi-brand outlets (MBOs) or retailers and
e-commerce platform on a pan-India basis. The Company also markets and sells its
stationery products and bags under its own brand "VASTA" in the
overseas markets in countries like Saudi Arabia, Kuwait, Qatar, Bahrain, UAE,
Oman, and Mauritius. The Company distributes its products through a network of
more than 500 stores by way of modern retail outlets, shop in shop, traditional
retail outlets, MBO‘s and e-commerce platform in India.
The
Company have several Awards &
Recognitions like Star Retailer Award" for licensee of the year by
Franchise India in 2015, Certificate of Appreciation in recognition of
contribution to Brand Licensing India by Franchise India in 2015, "Quality
Excellence" for outstanding achievements in Business & Social Service
by Indian Achievers’ Award in 2016, “Star Retailers Awards” for excellence in
Retailing in 2017
For
the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the
total revenue of the Company stood at Rs. 2355 lakhs
Rs. 2163 lakhs
and Rs. 1868 lakhs
respectively. Further, Company’s PAT for the fiscal year ended on March 31,
2017, 2016 and 2015 as per Restated Financial Statements were Rs. 91 Lakhs, Rs.
-0.14 lakhs and Rs. -0.11 Lakhs respectively.
For more
information, please contact :
AARYANA
MATASCO
Email ID:
smeipos@aaryanamatasco.com;
aaryanamatasco@gmail.com
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