Vasa Retail and Overseas Ltd - IPO

Vasa Retail and Overseas Ltd IPO Details

Public issue of 16,00,000 equity shares of Rs. 10 each (equity shares) of Vasa Retail and Overseas Limited (vasa or the company or the issuer) for cash at a price of Rs. 30 per share (the issue price), aggregating to Rs.4.80 crores (the issue), of which 88,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 15,12,000 equity shares of Rs. 10 each is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.70% and 25.23%, respectively of the post issue paid-up equity sharecapital of the company.The Face value of the equity shares is Rs. 10 each and the issue price in 3 times of the face value.

Objective of issue

To meet working capital requirement. General corporate expenses.

Vasa Retail and Overseas Ltd Contact Details

Vasa Retail and Overseas Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@vasagroup.in

Website - www.vasagroup.in