Osia Hyper Retail IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Osia Hyper Retail IPO release date, IPO offer price, subscription, Osia Hyper Retail IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Osia Hyper Retail is an emerging supermarket chain with a focus on value-retailing. They opened their first store in Ahmedabad, Gujarat in 2014, in the name of “Osia Hypermart”.
- Issue Price of this IPO is Rs.252 . Check the Live Share Price here OSIA Hyper Retail Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Osia Hyper Retail IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.7/10 |
| Company Reputation | 7.5/10 |
| Competitive Edge | 7.3/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 7.1/10 |
| Retail Appetite | 7.2/10 |
| Top Brokers Review | 7.2/10 |
| Overall Ratings | 7.4/10 |
| Star Ratings | ★★★★☆ |
Summary of Osia Hyper Retail IPO
Osia Hyper Retail is an emerging supermarket chain with a focus on value-retailing.They opened their first store in Ahmedabad, Gujarat in 2014, in the name of “Osia Hypermart”. It works on the same economy model as DMart, Big Bazaar, Star Bazaar and other various retail showroom chains. The idea was pioneered by entrepreneur Mr. Dhirendra Chopra, the Promoter and Managing Director of the company.
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- The revenue from operations was Rs.14180.02, Rs.9501.17 and Rs.5335.81 lakhs in Fiscal 2018,2017 and 2016 respectively.
- The net asset value per Equity Share was Rs.9.86 as on March 31, 2018, Rs 31.16 as on March 31, 2017 and Rs. 13.06 as on March 31, 2016 respectively, as per the Restated Standalone Financial Statements.
- Profit after Tax for FY 2017-18 was Rs. 535.32 , Rs.88.39 as on 2016-17 and Rs.35.30 as on FY 2015-16 respectively.
The Promoters of this company are MR. DHIRENDRA GAUTAM CHOPRA and MRS. KAVITA DHIRENDRA CHOPRA. The lead manager to the issue is MONARCH NETWORTH CAPITAL LIMITED and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
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Osia Hyper Retail IPO Date
The opening and the closing date of Osia Hyper Retail IPO is Mar 26, 2019 – Mar 28, 2019.
Osia Hyper Retail IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – Mar 26 | – | 0.16x | 0.06x | 0.11x |
| 2nd Day – Mar 27 | – | 0.33x | 0.17x | 0.25x |
| 3rd Day – Mar 28 | – | 1.66x | 0.57x | 1.12x |
| Shares Offered or Net Issue | – | 749,600 | 749,600 | 1,499,200 |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Osia Hyper Retail IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | 2-Apr-19 |
| Refunds Initiation | 3-Apr-19 |
| Credit of Shares to Demat Account | 4-Apr-19 |
| Share Listing Date | 5-Apr-19 |
Osia Hyper Retail IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Osia Hyper Retail IPO Equity Share Offering
Initial public offering of up to 15,78,400 Equity Shares for cash at price of Rs 252 Per Equity Share (including a premium of Rs. 242 per Equity Share) aggregating up to Rs. 3978 lakhs. The Market Lot or Minimum Order Quantity is of 400 Shares.
Osia Hyper Retail Limited – Company Overview
Osia Hyper Retail Limited is an emerging supermarket chain with a focus on value- retailing. They opened their first store in Ahmedabad, Gujarat in 2014, in the name of “Osia Hypermart”. It works on the same economy model as DMart, Big Bazaar, Star Bazaar and other various retail showroom chains. The idea was pioneered by entrepreneur Mr. Dhirendra Chopra, the Promoter and Managing Director of the company.
As on date, they have 10 stores with retail business located across various cities in Gujarat. The Osia Hypermart stores have various divisions to meet the fluctuated shopping needs of customers. These incorporate Menswear, Women‘s wear, Kid‘s wear, Footwear, Cosmetics, Perfumes and Handbags, Household Accessories, lingerie, Gifts, Groceries, crockery, Handicrafts, utensils, handlooms, etc under one rooftop.
Company will enhance the democratized shopping in Gujarat and is so much more than a hypermarket. Company stores have over thousands of products under a single roof that will cater to every need of a family and making Osia Hypermart public‘s favorite shopping destination with a modern ambience and with the feel of a large retail mall.
Competitive Strengths of Osia Hyper Retail Limited:
- Diversified Product Basket
- Brand image
- Widespread distribution network
- Dedicated Management Team
- Value retailing to a well defined target consumer base
Business strategies of Osia Hyper Retail Limited:
- Widening our distribution network.
- Enhancing sales volume by continuing to prioritise customer satisfaction.
- Continue improving our operating efficiency and supply chain management.
- Leveraging our marketing skills and initiatives.
- Improving functional efficiency.
Osia Hyper Retail Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
On the basis of Standalone statement:-
| Amount (in INR & Lakhs) | ||||
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 11574.52 | 7814.65 | 4976.23 | 2655.62 |
| Total Revenue | 14501.36 | 14223.28 | 9532.78 | 5353.74 |
| Total Expense | 13770.61 | 13416.25 | 9391.61 | 5302.28 |
| Profit After Tax | 474.19 | 535.32 | 88.39 | 35.30 |
Earnings per Equity Share (in Lakhs)
| 30-Nov-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 12.27 | 14.28 | 5.40 | 2.35 |
From the above statements, one could find that the Osia Hyper Retail Limited may perform well.
Osia Hyper Retail IPO – Promoters
The Promoters of this company are:
- MR. DHIRENDRA GAUTAM CHOPRA
- MRS. KAVITA DHIRENDRA CHOPRA
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Osia Hyper Retail IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 15,78,400 Equity Shares of face value of Rs.10/- each |
| Reserved for Market Makers | 79,200 Equity Shares of face value of Rs. 10/- each |
| Net Issue to the Public | 14,99,200 Equity Shares of face value of Rs.10/- each |
| Of which: | |
| Retail Investors Portion | 7,49,600 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share (including a premium of Rs. [●] per Equity Share) will be available for allocation for allotment to Retail Individual Investors of up to Rs.2.00 Lakhs. |
| Non-Retail Investors Portion | 7,49,600 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share (including a premium of Rs. [●] per Equity Share) will be available for allocation for allotment to Other Investors other than retail investors (including corporate bodies or institutions) of above Rs.2.00 Lakhs. |
| Equity Shares outstanding prior to the Issue | 43,75,000 Equity Shares |
| Equity Shares outstanding after the Issue | 59,53,400 Equity Shares of face value of Rs. 10 each |
Osia Hyper Retail IPO Issue Object
These are the IPO Issue Objects of the company
- Purchase of Fit outs for stores
- To meet Working Capital Requirements
- General Corporate Purpose
- Issue Expenses
Osia Hyper Retail IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced promoters and Management Expertise
- Brand Image
- Value-retailing to a well defined target consumer base
- Networking strength
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-16 | 2.35 | 18.02 | – |
| 31-Mar-17 | 5.40 | 15.13 | – |
| 31-Mar-18 | 14.28 | 47.81 | – |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
| Particulars | P/E ratio |
| Highest | 251.47 |
| Average | 96.48 |
| Lowest | 25.99 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | Osia Hyper Retail Limited |
10 | 15 | NA | 48.61 | 29.86 |
| 2 | Avenue Supermarts Limited |
10 | 12.6 | 114.26 | 16.9 | 74.39 |
| 3 | V-Mart Retail Limited |
10 | 42.9 | 58.81 | 22.36 | 192 |
| 4 | V2 Retail Limited | 10 | 9.62 | 25.99 | 11.35 | 83.21 |
| 5 | Aditya Consumer Limited |
10 | 2.04 | 31.89 | 6.56 | 15.18 |
Osia Hyper Retail IPO Lead Managers
| Lead Managers |
| MONARCH NETWORTH CAPITAL LIMITED Address – Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad – 380009. Tel. No. – 079 – 6600 0588/ 2666 6754 Website: https://www.mnclgroup.com/ Email: jenny.bagrecha@mnclgroup.com Investor Grievance Email: mbd@mnclgroup.com Contact Person: Ms. Jenny Bagrecha SEBI Regn. No. MB/ INM000011013 |
Osia Hyper Retail IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED Address – 4A9, Gundecha Onclave, Kherani Road, Sakinaka, Mumbai – 400072, India. Tel. No. – 022-– 28511022/ 62215779 Website: www.skylinerta.com Email: Mumbai@skylinerta.com Investor Grievance Email: grievances@skylinerta.com Contact Person: Mr. Subhash Dhingreja SEBI Regn. No. INE000003241 |
Other Details:
- Statutory Auditor – CHOPRA SHAH & ASSOCIATES
- Peer Review Auditor – : J VAGERIYA & ASSOCIATES
- Bankers to the Company – PUNJAB NATIONAL BANK
Osia Hyper Retail IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Osia Hyper Retail IPO Grey Market Premium
The Osia Hyper Retail IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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