FREE Account Opening + No Clearing Fees
Loading...
September 29, 2016 - October 6, 2016

Diksat Transworld IPO Basis of Allotment

DIKSAT TRANSWORLD LIMITED

C1N No.: U63090TN1707

Our Company was incorporated as Diksat Transworid Limited on January 08. 1999 under the Companies Act. 1956, with the Registrar of Companies. Chennai bearing Registration Number 041707 and received the Certificate of Commencement of Business on dated January 14,1999. For further details, please see the Chapter titled 'Hislory and certain Corporate Matters' beginning on page 108 of the Prospectus.

Registered office: 1st Floor, New No. 24 & Old No. 32 South Mada Streel, Mylapore Chennai Tamil Nadu - 600 004. | Tele-Fax: +91 - 44 - 2464 0347
Email: compliance@wintvindia.com | Website; www.wintvindia.com | Company. Secretary and Compliance Officer: Mr. Balasubramanian Muthukumar

OUR PROMOTER: DR. T. DEVANATHAN YADAV

BASTS OF ALLOTMENT

PUBLIC OFFER OF 46,08,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF DIKSAT TRANSWORLD LIMITED ('DTL' OR THE 'COMPANY) FOR CASH AT A PRICE OF RS 40 PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 1,843.20 LAKHS ('THE OFFER') THROUGH AN OFFER FOR SALE BY THE SELLING SHAREHOLDERS AGGREGATING TO RS 1.843.20 LAKHS ('OFFER FOR SALE'), OF WHICH 2.40,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 43.68.000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET OFFERS THE OFFER AND THE NET OFFER WILL CONSTITUTE 2677% and 25.38%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

OFFER PRICE: RS 40 per Equity Share, The Face Value of the Equity Share is Rs 10 each.
The Offer Price is 4,0 Times of the Face Value.
BID/OFFER: Opened on Thursday, September 29, 2016 | Closed on Thursday, October 06. 2016

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited {'BSE'). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated August 09, 2016. BSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on October 18,2016 (Subject to receipt of listing and trading approvals from the BSE Limited,)
The Offer is being made through the Book Building process wherein 50% of Net Offer of the Equity Share offered are reserved for allocation to Bidders below or equal to Rs 2.00 lakhs and the balance for higher amount Bids. The Offer comprises a Net Offer to Public of 43,68,000 Equity Shares of Rs 10 each ('the Net offer'), and a reservation of 2.40.000 Equity Shares of  Rs 10 each for subscription by the designated Markel Maker ('the Market Maker Reservation Portion'). The Offer and the Net Offer will constitute 26.77% and 25.39%, respectively of the Post Offer Paid-up Equity Share Capital of the Company. Allocation to all categories shall be made on a proportionate basis subject to valid Bids received at or above the Offer Price. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company and the Selling Shareholders in consultation with the Book Running Lead Manager and Designated Stock Exchange. Such inter-se spill over, if any, would be allected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participle in this Offer only through APPLICATION SUPPORTER 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').

SUBSCRIPTION DETAILS

Tne Offer has received 440 applications for 50,62,000 Equity Shares resulting in 1,10 times subscription,
Final Demand
The final demand at different bid prices {before technical rejections & withdrawals) is as under:

Bid Price No. of  Shares % of Total Cumulative Total Cumulative % Of Total
40 & Cut-Off 50.76,000 99.88 50,76,000 99.88
36 6,000 0.12 50,82,000 100.00
Total 50,82.000 100,00

Note: Since the Offer Price was finalised at Rs 40 per Equity Share, the Bids received at a price lower than the Offer Price have not been considered as valid Bids for allotment. The details of the applications received in the Offer (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

Category Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Bidder 377 11,31,000 375 11,25,000
Non - Retail Bidder 62 37,11,000 61 36,99,000
Market Maker 1 2,40,000 1 2,40,000
Total 440 50,82,000 437 50,64,000

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under subscription in Retail Category to the extent of 10,59,000 Equity Shares and over subscription of 4.56,000 Equity Shares in Non- Retail Category (including unsubscribed portion of Retail Category). The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 13, 2016.

A. Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 40 per Equity Share, was finalised in consultation with BSE, The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,40,000 Equity Shares out of reserved portion of 2,40,000 Equity Shares.

B. Allocation to Retail Individual investors (After Technical Rejections & Withdrawals); The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 40 per Equity Share, was finalised in consultation with BSE, Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated In this category Is 11.25.000' Equity Shares. The category was subscribed by 0,515 times.

* The under-subscribed 10.59,000 Equity Shares in this category have been spilled over to Non-Retail Category.
The catesory-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Appliert in Each Category % to Total Allocation per Applicant Ratio of Allottees to the    Applicant Total No. of Shares
Allotted
3,000 375 100.00 11,25,000 100.00 3,000 1:1 11,25.000
Total 375 100.00 11,25.000 100.00 11,25.000

C. Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 40 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009. the total number of shares allocated In this category is 32,43,000* Equity Shares. The category was subscribed by 1.140 times.
* The under-subscribed portion from Retail category of 10,59,000 Equity Shares has been added to this Category The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Appliert in Each Category % to Total Allocation per Applicant Ratio of Allottees to the   Applicant Total No. of Shares
Allotted
6,000 3 4.92 18,000 0.49 6,000 1:1 18,000
9,000 4 6.56 36,000 0.97 6,000 1:1 20,000
9,000 (Lottery System - Serial No. of Qualifying Applicants is 1,3 & 4) 3,000 3:4 9,000
12,000 11 18.03 1.32.000 3.57 9,000 1:1 99.000
12,000 (Lottery System - Serial No. of Qualifying Applicants is 1,2,7,8, 9 & 11) 3,000 6:11 18,000
15,000 2 3.28 30,000 0.81 12,000 1:1 24,000
18,000 4 6.56 72,000 1.95 15,000 1:1 60,000
21,000 4 6.56 84,000 2.27 18.000 1:1 72.000
24,000 10 16.39 2.40.000 6.49 21.000 1:1 2.10.000
27,000 4 6.56 1,08,000 2.92 24.000 1:1 96.000
30,000 1 1.64 30.000 0.81 27,000 1:1 27.000
66,000 1 1.64 66,000 1.78 57,000 1:1 57,000
75,000 1 1.64 75,000 2.03 66,000 1:1 66,000
93,000 1 1.64 93,000 2.51 81,000 1:1 81,000
1,08,000 1 1.64 1,08,000 2.92 96,000 1:1 96.000
1.20.000 1 1.64 1,20.000 3.24 1.05.000 1:1 1,05.000
1.23,000 1 1.64 1.23.000 3.33 1.08.000 1:1 1.08.000
1,26,000 5 8.20 6.30.000 17.03 1,11,000 1:1 5.55.000
1,59:000 2 3.28 3.18.000 8.60 1,38,000 1:1 2.76.000
1,71.000 2 3.28 3,42,000 9.25 1,50,000 1:1 3,00,000
2,64,000 1 1.64 2.64.000 7.14 2,31.000 1:1 2.31.000
3.48.000 1 1.64 3.48,000 9.41 3,06,000 1:1 3,06.000
4,62,000 1 1.64 4,62,000 12.49 4,05 000 1:1 4,05,000
Total 61 100.00 36,99,000 100.00 32,43,000

The Board of Director of the Company  at its meeting held on October 14, 2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Excham  viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful bidders.
The CAN and allotment advice and / or notices have been dispatched to the address of the Investors as registered with the depositories. Further, the Instructions to Self Certified Syndicate Bank have been processed on or before October 17, 2016 for unblocking of funds. The Equity Shares allotted to successful bidders are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned, in case the same is not received within prescribed time, investors may contact the Registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shanes admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on October 18,2016 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated October 07. 2016   ('Prospectus').

INVESTORS PLEASE NOTE

The deiails of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.corn.
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole Bidder. Serial number of the Application Form Number of Shares bidded for and Bank Branch where the Application had been lodged payment details at the address given below:
BIGSHARE  SERVICES PRIVATE LIMITED
E/2. Ansa industrial Estate. Sakivihar Road. Sakinaka, Andheri (East). Mumbai-400 072, Maharashtra. India,
Tel: + 91 -022 40430200; Fax: +91 - 022 2347 5207; Investor Grievance Email: investor@bigshareonline.com: Email: ipo@bigshareonline.com
Website; www.bigshareonline.com; Contact Person: Mr. Ashok Shetty; SEBl Registration No.; INR000001385

Place: Chennai

Date: October 17,2016

For Diksat Transworld Limited
On behalf of the Board of Directors
Sd/-
Managing Director

Diksat Transworld IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Diksat Transworld IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Diksat Transworld IPO basis of allotment (published above) tells you how shares are allocated to you in Diksat Transworld IPO and category wise demand of IPO share.

Visit the Diksat Transworld IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Diksat Transworld IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).