D P WIRES LIMITED
Corporate Identification Number: U27100MP1998PLC029523
Our Company was incorporated as D P Wires Private Limited under the provisions of the
Companies Act 1956 vide certificate of incorporation dated February 26,1998, issued by the
Registrar of Companies, Maharashtra, Mumbai. Due to change in registered office from one
state (Registrar of Companies, Maharashtra, Mumbai) to another state (Registrar of
Companies, Madhya Pradesh, Gwalior) the Corporate Identification Number (CIN) of the
Company was also changed from U27100MH1998PTC113737 to U27100MP1998PTC029523 dated October
19, 2012. Subsequently, the name of our Company was changed to D P Wires Limited pursuant
to conversion into a public company vide Shareholders' approval on May 09,2017 and fresh
certificate of incorporation dated May 16, 2017, issued by the Registrar of Companies,
Madhya Pradesh, Gwalior. The Corporate Identification Number of Our Company is
U27100MP1998PLC029523. For further details please refer to chapter titled 'Our History and
Certain Other Corporate Matters' beginning on page 136 of the Prospectus.
Registered Office: 16-18A, Industrial Estate, Ratlam- 457001,
Madhya Pradesh, India
Tel No.: +91-7412-261130 | E-mail: info@dpkataria.in | Website: www.dpwires.co.in | Contact Person: Mr.
Hemant Kataria, Whole Time Director
PROMOTERS OF THE COMPANY: MR. PRAVEEN KATARIA, MR. HEMANT KATARIA AND
MRS. ASHA DEVI KATARIA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 35,84,000 EQUITY SHARES OF FACE VALUE OF RS
10 EACH FULLY PAID UP OF D P WIRES LIMITED ('DPWL' OR THE
'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 75 PER EQUITY
SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 65 PER EQUITY SHARE
AGGREGATING RS 2688.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,82,400
EQUITY SHARES OF RS 10 EACH FULLY PAID UP
WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER
RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE
OF 34,01,600 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS
HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 26.42% AND 25.07% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL
OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS,
2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII
- ISSUE INFORMATION' BEGINNING ON PAGE 248 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS RS 75. THE ISSUE PRICE IS 7.50 TIMES THE FACE VALUE.
ISSUE OPENED ON: SEPTEMBER 21, 2017; ISSUE CLOSED ON: SEPTEMBER 26, 2017
PROPOSED LISTING: THURSDAY, OCTOBER 05, 2017'
The Equity Shares offered through the Prospectus are proposed to be listed on the
NSE Emerge Platform ('NSE'). In terms of the Chapter XB of the SEBI (ICDR)
Regulations, 2009, as amended from time to time. The Company has received an in-principle
approval letter dated August 09,2017 from NSE for using its name in the offer document for
listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the
Designated Stock Exchange will be the National Stock Exchange of India Limited.The
trading is proposed to be commenced with effect from Thursday, October 05,2017.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange
of India Limited.
All Applicants participated 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').
SUBCRIPTION DETAILS
The Issue has received 857 applications for 55,60,000 Equity Shares (Before Technical
Rejections, applications not banked and invalid duplicate applications) including reserved
portion of Market Maker. The issue was subscribed to the extent 1.55 times as per the
application data (Before Technical Rejections, applications not banked and invalid
duplicate applications). Before technical rejections but after applications not banked,
invalid duplicate applications and application banked but not registered, the issue was
subscribed 1.53 times.
The details of the applications received in the Issue are as follows:
Category |
No. of Applicants |
% |
No. of Equity Shares |
% |
Subscription (Times) |
Market Maker |
1 |
0.12% |
1,82,400 |
3.31% |
1.00 |
Retail Individual Investors |
739 |
88.40% |
11,82,400 |
21.48% |
0.70 |
Other than Retail Individual Investors |
96 |
11.48% |
41,39,200 |
75.21% |
2.43 |
TOTAL |
836 |
100.00 |
55,04,000 |
100.00 |
1.53 |
The details of applications rejected by the Registrar on technical grounds are
detailed below: (Technical rejection)
Category |
No. of Applications |
No. of Equity Shares |
Market Maker |
Nil |
Nil |
Retail Individual Investors |
11 |
17,600 |
Other than Retail Individual Investors |
4 |
5,84,000 |
TOTAL |
15 |
6,01,600 |
After eliminating technically rejected applications, the following tables give us
Category wise net valid applications:
Category |
No. of Applications |
% |
Issue Size (as per Prospectus) |
Proportionate Issue Size
(After rounding off) |
No. of Valid
Shares applied |
Subscription (Times) |
Market Maker |
1 |
0.12% |
1,82,400 |
1,82,400 |
1,82,400 |
1.00 |
Retail Individual Investors |
728 |
88.67% |
17,00,800 |
11,64,800 |
11,64,800 |
0.68 |
Other than Retail Individual Investors |
92 |
11.21% |
17,00,800 |
22,36,800 |
35,55,200 |
1.59 |
TOTAL |
821 |
100.00 |
35,84,000 |
35,84,000 |
49,02,400 |
1.37 |
Allocation: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - National Stock Exchange of India Limited on September 29,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs 75 per Equity Share, was finalized
in consultation with NSE. The category was subscribed by 1.00 times. The total number of
shares allotted in this category is 1,82,400 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The
Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 75 per
Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.68
times. The total number of shares allotted in this category is 11,64,800 Equity Shares to
728 successful applicants.
The Cateaorv-wise details of the Basis of Allotment are as under:
No.of
Shares
Applied
for
(Category
wise) |
No.of
Appli
cations
received |
% to Total |
Total No.of Equity
Shares
applied
in each
Category |
% to Total |
Proporti
nate
Shares
Available |
Allocation per Applicant
(Before Rounding Off) |
Allocation per Applicant
(After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 |
Ratio of Allottees to Appli cants: Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of Shares Surplus/ Deficit |
1,600 |
728 |
100.00 |
11,64,800 |
100.00 |
17,00,800 |
1,600 |
1,600 |
1 |
1 |
728 |
11,64,800 |
-5,36,000 |
TOTAL |
|
100.00 |
11,64,800 |
100.00 |
17,00,800 |
|
|
|
|
|
11,64,800* |
-5,36,000 |
* The under subscribed 5,36,000 equity shares from Retail Individual Investors
Category have been spilled over to Other than Retail Individual Investors.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The
Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 75 per
Equity Share, was finalized in consultation with NSE. The category was subscribed 1.59
times. The total number of shares allotted in this category is 22,36,800 Equity Shares to
92 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
No.of
Shares
Applied
for
(Category
wise) |
No.of
Appli
cations
received |
% to Total |
Total No.of Equity
Shares
applied
in each
Category |
% to Total |
Proporti
nate
Shares
Available |
Allocation per Applicant
(Before Rounding Off) |
Allocation per Applicant
(After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 |
Ratio of Allottees to Appli cants: Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of Shares Surplus/ Deficit |
3,200 |
19 |
20.65 |
60,800 |
1.71 |
3,82,53 |
2,013.32 |
1,600 |
1 |
1 |
19 |
30,400 |
-7,853 |
3,200 |
|
|
|
|
|
|
1,600 |
5 |
19 |
|
8,000 |
8,000 |
4,800 |
22 |
23.91 |
10,5600 |
2.97 |
6,64,40 |
3,019.98 |
1,600 |
1 |
1 |
22 |
35,200 |
-31,240 |
4,800 |
|
|
|
|
|
|
1,600 |
19 |
22 |
|
30,400 |
30,400 |
6,400 |
2 |
2.17 |
12,800 |
0.36 |
8,053 |
4,026.64 |
4,800 |
1 |
1 |
2 |
9,600 |
1,547 |
8,000 |
2 |
2.17 |
16,000 |
0.45 |
10,067 |
5,033.30 |
4,800 |
1 |
1 |
2 |
9,600 |
-467 |
12,800 |
2 |
2.17 |
25,600 |
0.72 |
16,107 |
8,053.29 |
8,000 |
1 |
1 |
2 |
16,000 |
-107 |
14,400 |
13 |
14.13 |
18,7200 |
5.27 |
1,17,779 |
9,059.95 |
8,000 |
1 |
1 |
13 |
1,04,000 |
-13,779 |
14,400 |
|
|
|
|
|
|
1,600 |
8 |
13 |
|
12,800 |
12,800 |
16,000 |
2 |
2.17 |
32,000 |
0.90 |
20,133 |
10,066.61 |
9,600 |
1 |
1 |
2 |
19,200 |
-933 |
19,200 |
4 |
4.35 |
76,800 |
2.16 |
48,320 |
12,079.93 |
12,800 |
1 |
1 |
4 |
51,200 |
2,880 |
20,800 |
1 |
1.09 |
20,800 |
0.59 |
13,087 |
13,086.59 |
12,800 |
1 |
1 |
1 |
12,800 |
-287 |
22,400 |
1 |
1.09 |
22,400 |
0.63 |
14,093 |
14,093.25 |
14,400 |
1 |
1 |
1 |
14,400 |
307 |
24,000 |
3 |
3.26 |
72,000 |
2.03 |
45,300 |
15,099.91 |
14,400 |
1 |
1 |
3 |
43,200 |
-2,100 |
27,200 |
2 |
2.17 |
54,400 |
1.53 |
34,226 |
17,113.23 |
17,600 |
1 |
1 |
2 |
35,200 |
974 |
28,800 |
1 |
1.09 |
28,800 |
0.81 |
18,120 |
18,119.89 |
17,600 |
1 |
1 |
1 |
17,600 |
-520 |
32,000 |
6 |
6.52 |
1,92,000 |
5.40 |
1,20,799 |
20,133.21 |
19,200 |
1 |
1 |
6 |
1,15,200 |
-5,599 |
32,000 |
|
|
|
|
|
|
1,600 |
4 |
6 |
|
6,400 |
6,400 |
65,600 |
1 |
1.09 |
65,600 |
1.85 |
4,12,73 |
41,273.09 |
41,600 |
1 |
1 |
1 |
41,600 |
327 |
67,200 |
1 |
1.09 |
67,200 |
1.89 |
4,22,80 |
42,279.75 |
41,600 |
1 |
1 |
1 |
41,600 |
-680 |
1,05,600 |
1 |
1.09 |
1,05,600 |
2.97 |
6,64,40 |
66,439.60 |
67,200 |
1 |
1 |
1 |
67,200 |
760 |
1,32,800 |
2 |
2.17 |
2,65,600 |
7.47 |
1,67,106 |
83,552.84 |
83,200 |
1 |
1 |
2 |
1,66,400 |
-706 |
1,34,400 |
1 |
1.09 |
1,34,400 |
3.78 |
8,45,59 |
84,559.50 |
84,800 |
1 |
1 |
1 |
84,800 |
241 |
1,44,000 |
1 |
1.09 |
1,44,000 |
4.05 |
9,05,99 |
90,599.46 |
89,600 |
1 |
1 |
1 |
89,600 |
-999 |
2,70,400 |
1 |
1.09 |
2,70,400 |
7.61 |
1,70,126 |
1,70,125.65 |
16,9600 |
1 |
1 |
1 |
16,96,00 |
-526 |
3,32,800 |
1 |
1.09 |
3,32,800 |
9.36 |
2,09,385 |
2,09,385.42 |
2,09,600 |
1 |
1 |
1 |
2,09,600 |
215 |
3,34,400 |
1 |
1.09 |
3,34,400 |
9.41 |
2,10,392 |
2,10,392.08 |
2,11,200 |
1 |
1 |
1 |
2,11,200 |
808 |
4,00,000 |
1 |
1.09 |
4,00,000 |
11.25 |
2,51,665 |
2,51,665.17 |
2,51,200 |
1 |
1 |
1 |
2,51,200 |
-465 |
5,28,000 |
1 |
1.09 |
5,28,000 |
14.85 |
3,32,198 |
3,32,198.02 |
3,32,800 |
1 |
1 |
1 |
3,32,800 |
602 |
TOTAL |
92 |
100.00 |
35,55,200 |
100.00 |
22,36,800 |
|
|
|
|
92 |
22,36,800* |
0 |
* Includes original reservation of 17,00,800 equity shares and spill over from
Retail Indvidual Investors Category of 5,36,000 equity shares.
The Board of Directors of the Company at its meeting held on September 29,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. National Stock Exchange of India Limited and has authorized the corporate
action for the transfer of the Equity Shares to various successful applicants. The CAN and
allotment advice and/or notices will be dispatched to the address of the Applicants as
registered with the depositories on or before October 04, 2017. Further, the instructions
to Self-Certified Syndicate Banks for unblocking the amount are being processed on or
prior to October 04, 2017. In case the same is not received within four working days,
investors may contact Registrar at the address given below. 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 NSE Emerge Platform within six
working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the Prospectus dated September 01,2017
('Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.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 shares applied for and Bank Branch where the application had been lodged and
payment details at the address of the Registrar given below:
BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Works Bldg, 1 st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East),
Mumbai-4000059.
Tel: +91 22 62638200; Fax: +91 22 62638299; E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com;
Contact Person: Mr. Ashok Shetty;
SEBI Registration No.: INR000001385
Place: Ratlam, Madhya Pradesh Date: October 03,2017 |
For DP WIRES LIMITED
On behalf of the Board of Directors
Sd/-
Whole Time Director |
|