The issue opens on March 26, 2019 and is set to close on March 28,2019
Ahmedabad, 20th March, 2019: Aiming to strengthen its presence in Gujarat, Osia Hyper Retail Limited, a company engaged in organized retail through its Hypermarket brand – Osia Hypermart, is all set to launch its maiden Initial Public Offering (IPO). The IPO will comprise of 15,78,400 equity shares with a face value of Rs 10 each, which would be offered at a fixed price of Rs 252 per share. The IPO would be listed on the National Stock Exchange (NSE)’s Emerge platform.
The issue is set to open for subscription on March 26, 2019 while it would close on March 28, 2019. The company has decided upon a minimum lot size of 400 shares. For High Networth Individuals (HNIs), the bid lot would be of 800 shares and in multiples of 400 shares thereon.The issue will constitute 26.52% of the post-issue paid-up equity-share capital of the company.
Osia Hyper Retail Limited, a six-year-old company, which is headquartered in Ahmedabad, aims to expand stores network, in other Tier III & IV cities across Gujarat in addition to addressing working capital requirements through their maiden public offering.
After getting incorporated in 2013, the company launched its first store in Ahmedabad in 2014. Over the years, it has expanded its footprint across Gujarat and as on date, its retail business is spread across 11 stores located in Vadodara, Gandhinagar, Gandhidham and Dehgam, apart from Ahmedabad.
Mr. Dhirendra Chopra, Managing Director, Osia Hyper Retail Limited, said, “ “We have successfully catered to the varying and diverse requirements of our customers by providing them with an array of products across different categories including apparels, accessories, FMCG, handicrafts and handloom, beauty and personal care products and even kitchen essentials and home décor products – all under one roof.”
The revenue of the company over the last five years increased at a Compound Annual Growth Rate (CAGR) of 66.99%.
Commenting upon the company’s future plans, Mr Chopra said, “Through this IPO, we aim to upgrade our existing stores by procuring fit outs including mechanical, electrical, furniture and fixture, among various others. This will only add to the enhanced customer experience that is provided to each of our customers at our 11 stores but would also be addressing general working capital requirements through the sum raised through the IPO.”
“Going forward, we also plan to expand our operations and widen our distribution network in other parts of Gujarat. At the same time, we also intend to enhance our position in the retail hypermarket business in Ahmedabad by increasing our market penetration,” he added.
Ahmedabad-based Merchant Banker, Monarch Networth Capital Ltd, is the lead manager of this public issue.
For more information, please contact;
Mr. Dhirendra Gautam Chopra
Managing Director
Osia Hyper Retail Limited
Mobile: – 99250 28639
