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VASA Retail and Overseas Ltd IPO subscribes 206 times


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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