Osia Hyper Retail Limited, a Gujarat based retail chain, is issuing the IPO (Initial Public Offering) for public subscription. The company aims to raise a capital of Rs 3,977.57 lakhs by the issue of 15,78,400 equity shares of face value Rs 10. Osia Hyper Retail IPO issue will start from 26th March 2019 and it will end on 28th March 2019. The equity shares will be offered at a price of Rs 252 per equity share and at a premium of Rs 242 per equity shares. After allocation, the equity shares will be listed on NSE SME (Emerge) for further trading.
Company Details
Osia Hyper Retail Limited was incorporated in the year 2013 in Ahmedabad. Its old name was Mapple Exim Private Limited which was later changed in the year 2017 to what it is today. Osia Hyper Retail is the emerging supermarket chain in Gujarat with the brand name “Osia Hypermarket”. They have 11 retail stores located in various cities across Gujarat. These stores comprise the items including men’s wears, women’s wears, kid’s wears, footwear, cosmetics, perfumes, handbags, household accessories, gifts, groceries and a variety of products under one rooftop. This company is also planning to trade wholesale in order to boost up the business.
The company has received many awards such as Emerging Brand in Retail Superstores from 94.3 MY FM and many other similar awards. The company sources its products from the destination such as Kolkata, Mumbai, Delhi, Agra etc. This company is promoted by Mr Dhirendra Gautam Chopra and Mrs Kavita Dhirendra Chopra. As on 30th November 2018, the total assets of the company stands at Rs 11,574 lakhs and the total revenue stands at Rs 14,451.27 lakhs.
Osia Hyper Retail IPO – Issue Details
| Issue Type | Fixed Price Issue IPO |
|---|---|
| Issue Opens | 26th March 2019 |
| Issue Closes | 28th March 2019 |
| Face Value | Rs 10/- |
| Issue Price | Rs 242-252 Per Equity Share |
| Issue Size | 15,78,400 Equity Shares (Rs 3,977.57 lakhs) |
| Market Lot | 400 Shares |
| Minimum Order Quantity | 400 Shares |
| Listing | NSE SME (Emerge) |
Osia Hyper Retail IPO – Objects of the Issue
The following are the objects of this upcoming issue by Osia Hyper Retail Ltd:-
- Purchase of fit-outs for the stores.
- To meet the working capital requirement.
- General corporate purpose.
- To meet the issue expenses.
Osia Hyper Retail Limited – Company Contact Details
Address:- Basement Store 1, 4D Square, Opposite IIT Engineering College, Near D-Mart, Visat Gandhinagar Highway, Motera, Ahmedabad – 380005.
Telephone: +91-8460605015
Website: www.osiahypermart.com
Osia Hyper Retail IPO – Lead Manager of the Issue
The lead manager to the Osia Hyper Retail Ltd IPO Issue is Monarch Networth Capital Limited.
Osia Retail IPO – Registrar to the Issue
The registrar to the Osia Hyper Retail Ltd IPO Issue is Skyline Financial Services Private Limited
Osia Hyper Retail IPO – Issue Prospectus
Click here to read the Issue Prospectus of Osia Hyper Retail Ltd IPO.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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