Vasa Retail and Overseas Ltd IPO

Vasa Retail and Overseas Ltd

Issue Open

Jan 24, 2018

Price Band

Price: ₹ 30

Issue Size

₹ 4.80 Cr

Credit of Shares to Demat

-

Issue Close

Jan 29, 2018

Bid Lot

4000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Feb 06, 2018

Refunds

-

About the company:

Introduction: Vasa Retail and Overseas Ltd (VROL) is a company which deals in the business of stationery products

Date of Establishment:   Company was established in the year 2017

Product & Service Offering : Products manufactured by the company can be segregated into three categories

     - Stationery products
     - Supplying paper pulp  to paper mills
     - Supplying bag fabric to other bag manufacturers and also using the same for manufacturing bags.

Customer Segment: For the stationery products key customers are school going children and office goers. Paper manufacturers are the key clients for paper pulp product

Promoters of Vasa Retail and Overseas Ltd :  Company is promoted by  Mr. Hardik Vasa and Ms. Kajal Vasa

Objects of the Issue: The aim of the issue by the company is to avail cash for running day to day operations of the company and to fund sundry corporate expenses and expenses incurred by releasing the issue.

Company Financials:

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

142.6

128.8

84.4

91.3

86.6

 

Total Revenue

238.5

218.5

188.2

175.5

104.7

 

Profit After Tax

9.15

-1.5

-1.1

0.84

1.07

 

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