Vasa Retail IPO

Vasa Retail IPOBusiness 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]

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 
+91 22 2847 5201
 [email protected]

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)

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7 thoughts on “Vasa Retail IPO

  • December 29, 2018 at 9:56 AM

    great article!

  • February 3, 2018 at 10:05 PM

    No allotment happened for me …. hope u all ‘ll get .

  • January 25, 2018 at 4:04 PM

    its right save money do not waste in such company

  • January 22, 2018 at 8:16 PM

    Thanks Novice bhai, u raised very good points. Bekar company lag rahi

  • January 21, 2018 at 6:46 PM

    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.


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