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TIJARIA POLYPIPES LIMITED
(Company Registration No. 17-022828/2006-07; CIN-U25209RJ2006PLC022828;
ISIN-INE-440L01017)
Our Company started as a partnership firm as under the name of Tijaria
Overseas Vinyl' in 2000, which was converted into a Private Limited company as Tijaria
Polypipes Private Limited on July 17,2006 under Part IX of the Companies Act, 1956. The
Company was later on converted into Public Limited Company on July 20,2006 and
consequently the name of the Company was changed to 'Tijaria Polypipes Limited' and a
fresh certificate of Incorporation dated July 20,2006 was Issued by Asst. Registrar of
Companies, Rajasthan, Jaipur.
Registered Office: A-130(E), Road No.9-D, Vishwakarma
Industrial Area (VKI), Jaipur-302013 Tel.No.+91-141-2333722/23, 3218100,
3219300, 4010800; Fax No. +91-141-2332342
E-mail: ipo@tijaria-pipes.com;
Website: www.tijaria-pipes.com
Contact Person: Mr. Tej Kumar Jain (Finance Manager & Company
Secretary) (Compliance Officer)
PROMOTERS OF THE COMPANY
MR. ALOK JAIN TIJARIA, MR. VIKAS JAIN TIJARIA, MR. PRAVEEN JAIN TIJARIA AND MR. VINEET
JAIN TIJARIA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS 10/- EACH ISSUED FOR CASH AT A PREMIUM
OF RS 50/- PER EQUITY SHARE I.E.AT A PRICE OF RS 60/-PER EQUITY SHARE AGGREGATING TO RS
6,000 LACS ("THE ISSUE" OR "THE NET ISSUE") BY TIJARIA POLYPIPES
LIMITED ('THE COMPANY' OR 'THE ISSUER'). THE FACE VALUE OF THE SHARE IS RS 10/- EACH AND
THE ISSUE PRICE IS 6 (SIX) TIMES OF THE FACE VALUE. THE ISSUE TO THE PUBLIC WILL
CONSTITUTE 42.33% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY. THE
ISSUE IS BEING MADE IN TERMS OF REGULATION 26 (1) OF SEBI (ICDR) REGULATIONS, 2009.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category
shall be made as persub clause (4) of regulation 43 of the SEBI (ICDR) Regulations, 2009.
ISSUE PRICE: ISSUE PRICE RS 60 PER EQUITY SHARE OF FACE VALUE OF
RS 10 EACH IS SIX (6) TIMES OF THE FACE VALUE ISSUE PROGRAMME: ISSUE OPENED ON TUESDAY,
SEPTEMBER 27,2011 ISSUE CLOSED ON THURSDAY, SEPTEMBER 29,2011
PROPOSED LISTING
The Equity Shares of this Company are proposed to be listed on Bombay Stock
Exchange Limited ("BSE") and The National Stock Exchange of
India Limited ("NSE"). The in-principle approvals of BSE and NSE for
listing of Equity Shares of our Company have been received pursuant to letters dated
November 10,2010 and January 25,2011 respectively. BSE shall be the Designated
Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced with
effect from October 14,2011#
#Subject to receipt of listing and trading approvals from the Stock Exchanges
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category
shall be made as per sub clause (4) of regulation 43 of the Securities and Exchange Board
of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the
"SEBI Regulations"), wherein a minimum of 50% of the net offer
of shares to the Public shall initially be made available for allotment to retail
individual investors. The balance net offer of shares to the public shall be made
available for allotment to individual Applicants other than retail individual investors
and other investors, including Corporate Bodies/ Institutions irrespective of number of
shares applied for. The unsubscribed portion of the net offer to any oneof the categories
specified above shall/may be made available for allocation to Applicants in the other
category, if so required. All Applicants were allowed to participate in the Issue through
APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the
details of their respective bank accounts in which the corresponding application amounts
were blocked by Self Certified Syndicate Banks (the "SCSBs"). For details in
this regard, specific attention is invited to "Issue Procedure" on page 266 of
the Prospectus.
SUBSCRIPTION DETAILS
THE ISSUE HAS RECEIVED 3,161 APPLICATIONS FOR 12020900
EQUITY SHARES RESULTING IN 1.20209 TIMES SUBSCRIPTION. The details of the
applications received in the Issue from Retail Individual Investors and Non-Retail
Investors are as under: (Before technical rejections)
|
Category |
No. of Applications |
No.of Equity Shares |
No. of times Subscription |
| A |
Retail Individual Applicants |
3158 |
8626100 |
1.72522 |
| B |
Non- Retail Applicants |
3 |
3394800 |
0.67896 |
|
Total |
3161 |
12020900 |
1.20209 |
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange
- Bombay Stock Exchange Limited, ("BSE") on October 10,2011.
A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have applied at the
issue price of RS 60/- per Equity Share, was finalised in consultation with BSE. This
category has been over subscribed to the extent of 1.197027 times, including spill-over
from Non-Retail Investors. The total number of Equity Shares Allotted in Retail Individual
Investor category is 7164406 Equity Shares to 3097 successful applicants. The
category-wise details of the Basis of Allotment are (sample) as under:
No. of Equity
Shares Applied For
(Category wise) |
No. of
Application
Received |
% to total |
Total No. of Shares Applied in Each Category |
% to total |
Allocation Per Applicant After Rounding Off |
Ratio of Allottees to Applicant |
Total No. of Shares Allocated |
| 100 |
172 |
5.50 |
17,200 |
0.20 |
100 |
5 |
6 |
14300 |
| 200 |
88 |
2.82 |
17,600 |
0.21 |
167 |
1 |
1 |
14696 |
| 300 |
23 |
0.74 |
6,900 |
0.08 |
251 |
1 |
1 |
5773 |
| 400 |
21 |
0.67 |
8,400 |
0.10 |
334 |
1 |
1 |
7014 |
| 500 |
111 |
3.55 |
55,500 |
0.65 |
418 |
1 |
1 |
46398 |
| 600 |
16 |
0.51 |
9,600 |
0.11 |
501 |
1 |
1 |
8016 |
| 700 |
7 |
0.22 |
4,900 |
0.06 |
585 |
1 |
1 |
4095 |
| 800 |
25 |
0.80 |
20,000 |
0.23 |
668 |
1 |
1 |
16700 |
| 900 |
34 |
1.09 |
30,600 |
0.36 |
752 |
1 |
1 |
25568 |
| 1,000 |
9 |
0.29 |
9,000 |
0.10 |
835 |
1 |
1 |
7515 |
| 1,100 |
2 |
0.06 |
2,200 |
0.03 |
919 |
1 |
1 |
1838 |
| 1,200 |
3 |
0.10 |
3,600 |
0.04 |
1,002 |
1 |
1 |
3006 |
| 1,300 |
2 |
0.06 |
2,600 |
0.03 |
1,086 |
1 |
1 |
2172 |
| 1,400 |
3 |
0.10 |
4,200 |
0.05 |
1,170 |
1 |
1 |
3510 |
| 1,500 |
4 |
0.13 |
6,000 |
0.07 |
1,253 |
1 |
1 |
5012 |
| 1,600 |
98 |
3.13 |
156,800 |
1.83 |
1,337 |
1 |
1 |
131026 |
| 1,700 |
23 |
0.74 |
39,100 |
0.46 |
1,420 |
1 |
1 |
32660 |
| 1,800 |
2 |
0.06 |
3,600 |
0.04 |
1,504 |
1 |
1 |
3008 |
| 2,000 |
5 |
0.16 |
10,000 |
0.12 |
1,671 |
1 |
1 |
8355 |
| 2,100 |
1 |
0.03 |
2,100 |
0.02 |
1,754 |
1 |
1 |
1754 |
| 2,200 |
1 |
0.03 |
2,200 |
0.03 |
1,838 |
1 |
1 |
1838 |
| 2,300 |
2 |
0.06 |
4,600 |
0.05 |
1,922 |
1 |
1 |
3844 |
| 2,500 |
4 |
0.13 |
10,000 |
0.12 |
2,089 |
1 |
1 |
8356 |
| 2,700 |
1 |
0.03 |
2,700 |
0.03 |
2,256 |
1 |
1 |
2256 |
| 2,800 |
1 |
0.03 |
2,800 |
0.03 |
2,339 |
1 |
1 |
2339 |
| 2,900 |
2 |
0.06 |
5,800 |
0.07 |
2,423 |
1 |
1 |
4846 |
| 3,100 |
1 |
0.03 |
3,100 |
0.04 |
2,590 |
1 |
1 |
2590 |
| 3,200 |
1 |
0.03 |
3,200 |
0.04 |
2,673 |
1 |
1 |
2673 |
| 3,300 |
2464 |
78.82 |
8,131,200 |
94.82 |
2,757 |
1 |
1 |
6793248 |
| GRAND TOTAL |
3126 |
100.00 |
8,575,500 |
100.00 |
|
|
|
7164406 |
B. Allocation to Non-Retail Investors (After Technical Rejections)
The Basis of Allotment to the Non-Retail Investors, who have applied at the issue price
Rs 60/- per Equity Share for a total amount of more than Rs 2,00,000/-, was finalised in
consultation with BSE. This category has been over subscribed to the extent of 1.197038
times. The total number of Equity Shares Allotted in Non-Retail Investor category is
2836001 Equity Shares to 3 successful applicants. The category-wise details of the Basis
of Allotment are (sample) as under:
No. of Equity
Shares Applied For
(Category wise) |
No. of
Application
Received |
% to total |
Total No. of Shares Applied in Each Category |
% to total |
Allocation Per Applicant After Rounding Off |
Ratio of Allottees to Applicant |
Total No. of Shares Allocated |
| 1,114,000 |
2 |
66.67 |
2,228,000 |
65.63 |
930,631 |
1 |
1 |
1861262 |
| 1,166,800 |
1 |
33.33 |
1,166,800 |
34.37 |
974,739 |
1 |
1 |
974739 |
| GRAND TOTAL |
3 |
100.00 |
3,394,800 |
100.00 |
|
|
|
2836001 |
The Board of Directors of the Company at its meeting held on October 10,2011 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity
Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice
and/or notices are being dispatched to the address of the Applicants as registered with
the depositories on October 11,2011. Further, the instructions to Self Certified Syndicate
Banks have been dispatched on or prior to October 11,2011. In case the same is not
received within 10 days, investors may contact at the address given below. The Refund
Orders have been over-printed with the Bank Account details as registered, if any, with
the depositories. The Equity Shares allocated to successful applicants are being credited
to their beneficiary accounts subject to validation of the account details with the
depositories concerned. The Company is taking steps to get the Equity Shares admitted for
trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited
within fourworking days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the
Registrar to the Issue, Sharex Dynamic (India) Pvt. Ltd. at Website: www.sharexindia.com
All future correspondence in this regard may kindly be addressed to the Registrar to
the Issue quoting full name of the First/ Sole applicants, serial number of the
Application Form, number of Equity Shares applied for and Bank Branch where the
application had been lodged and payment details at the address of the Registrar given
below:
REGISTRAR TO THE ISSUE
Sharex Dynamic (India) Pvt. Ltd.
Unit-1, Luthra Industrial Premises, 1st Floor, 44-E, M Vasanji Marg,
Andheri-Kurla Rd, Safed Pool, Andheri (E), Mumbai - 400 072
Tel.: 022 - 2851 5606, Fax: 022 - 2851 2885
Web: www.sharexindia.com, Email: tijaria.ipo@sharexindia.com
Contact Person: Mr. K.C. Ajit kumar, SEBI Regn. No.: INR000002102
Place : Jaipur
Date : October 10,2011 |
For Tijaria Polypipes Limited
Sd/-
Tej Kumar Jain
(Finance Managers Company Secretary)
(Compliance Officer) |
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