INFIBEAM INCORPORATION LIMITED
Our Company was Incorporated as INfibeam Incorporation Limited on June 30, 2010, at Ahmedabad, as a public limited company under the Companies Act, 1956. For further details, see "History and Certain Corporate Matters" beginning on page 143 of the Prospectus. Registered Office: 9th Floor, "A" wing, Gopal Palace, Opposite Ocean Park, Nehrunagar, Satellite Road, Ahmedabad 380 015; Tel: -91 79 4040 3600; Fax: +91 79 4040 3636; Corporate Office: 909,9th Floor, Shitiratna Complex. Near Panchwati Circle, Off C. G. Road, Ellis Bridge, Ahmedabad 380 006; Tel: + 91 79 2644 0364; Fax: + 91 79 2644 0359; Contact Person: Shyamal Trivedi, Company Secretary and Compliance Officer; Email: firstname.lastname@example.org; Website: www.infibeam.ooo; Corporate Identity Number: U64203GJ2010PLC061366
BASIS OF ALLOTMENT
Our Company has filed Prospectus dated March 28, 2016 with the Registrar of Companies, Gujarat situated at Ahmedabad and the Equity Shares are proposed to be listed on tho BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commenceon April 4, 2016.
PROMOTERS OF OUR COMPANY: AJIT MEHTA, VISHAL MEHTA, MALAV MEHTA AND JAYSHREE MEHTA
PUBLIC ISSUE OF 10,416,666 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH (THE "EQUITY SHARES") OF INFIBEAM INCORPORATION LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 432 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 422 PER EQUITY SHARE) AGGREGATING UP TO RS. 4,500 MILLION. THE ISSUE CONSTITUTES 19.62% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
Issue Price: Rs. 432/- per Equity Share of Face Value of Rs. 10/-
Risks to Investors:
(I.) SBI Capital Markets Limited, GCBRLM for the Issue, has handled five public issues In the past three financial years out of which three issues have closed below the Issue price on listing date. Elara Capital (India) Private Limited, BRLM for the Issue, has not handled any public issue in the past three financial years. The Draft Red Herring Prospectus with respect to the Issue was filed with SEBI on June 30, 2015 with SBI Capital Markets Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited as the global co-ordinators and book running lead managers and Elara Capital (India) Private Limited as the book running lead manager. Subsequently, ICICI Securities Limited and Kotak Mahindra Capital Company Limited have withdrawn their participation from the Issue. (II.) Since the EPS of the Company for the financial year 2015 on restated consolidated basis is negative and that there are no listed peers who are engaged in similar business as the Company, the comparison of price/earnings ratio based on diluted EPS on the basis of the Price Band with the average Industry peer group price/earnings ratio cannot be calculated. (iii.)Weightod Average Return on Net Worth for financial year 2015, financial year 2014 and financial year 2013 on restated consolidated basis is (0.31%) (negative). (IV.) The average cost of acquisition of Equity Shares by our Promoters Is as follows: (I) Ajit Mehta: Rs. 0.028 per Equity Share; (II) Vishal Mehta: Rs. 4.99 per Equity Share, (iii) Malav Mehta: Rs. 2.17 per Equity Share; and (IV) Jayshree Mehta: Rs. 0.028 per Equity Share. (V.) The Company does not have a listed peer which is involved exclusively In e-commerce business for comparison of performance and therefore, investors must rely on their own examination of accounting ratios of the Company for the purpose of Investment in the Issue.
BID/ISSUE PERIOD: OPENED ON: MONDAY, MARCH 21, 2016
In terms of Rule 19(2)(b(ii) of the SCRR, this is an Issue where the minimum offer to
public has been at least such percentage which is equivalent to Rs. 4,000 million
calculated at the Issue Price. The Issue is being made through the Book Building Process
wherein at least 75% of the Issue shall be Allotted on a proportionate basis
to Qualified Institutional Buyers ("QIBs") 5% of the QIB
Portion shall be available for allocation on a proportionate basis to Mutual Funds only,
and the remainder of tho QIB Portion shall be available for allocation on a proportionate
basis to all QIB Bidders, Including Mutual Funds, subject to valid Bids being received at
or above the issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then
the entire application money shall be refunded forthwith. Further, not more than 15% of
the Issue shall be available for allocation on a proportionate basis to Nor-Institutional
Bidders and not more than 10% of the Issue shall be available for allocation to Retail
Individual Bidders in accordance with the Secunties and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"),
subject to valid Bids being recerved at or above the Issue Price. For details in relation
to allocation to Retail Individual Bidders, specific attention of the investors is invited
to "Issue Procedure - Basis of Allotment" on page 281 of the Prospectus, For
details, see "Issue Procedure" beginning on page 248 of the
A summary of the final demand as per the BSE and NSE as on the Bxtfssue Closing Date at different Bid prices a as under:
The Basts of Allotment was finalized in consultation with the
Designated Stock Exchange, being BSE on March 30,2016.
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 432 per Equity Share, was finalized in consultation with tho BSE. This category has been subsenbed to the extent of 1.4638 times. The total number of Equity Shares Allotted m Retail individual Bidders category is 1,041,666 Equity Shares to 30,637 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non-lnstitutlonal Bidders (After Technical Rejections)
The Basis of Allotment to Ihe Non-Institutional Bidders, who have tod at the Issue Price of Rs. 432 per Equity Share or above, was finalized In consultation with the BSE. This category has been subscribed to the extent of 2,6199 times. The total number of Equity Shares Allotted in this category is 1,562,499 Equity Shares to 105 successful applicants. The category-wise details of the Basis of Allotment is provided on a indicative basis as under:
Allotment to QIBs, who have Bid at the Issue Price of Rs. 432 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 1.0263 times of the QIB portion. As per the SEBI Regulations, 5% of the QIB Portion i.e. 390,626 Equity Shares had been reserved for Mutual Funds in the Issue subject to valid Bids being received at or above the Issue Price. However, no Bids were received from Mutual Funds in the Issue and accordingly, the aforesaid 390,626 Equity Shares were included in the QIB Portion and were available on proportionate basis in the Issue. The total number of Equity Shares Allotted in the QIB Portion is 7,812,501 Equity Shares, which were allotted to 8 successful Applicants. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of our Company at its meeting held on March 31, 2016 has taken on record the basis of allotment of Equity Shares approved by the BSE and has allotted tho Equity Shares to various successful applicants. The Equity Shares Allotted to the successful Allottees have been uploaded on March 31, 2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The SCSBs have been instructed for unblocking of funds and transfer to Public Issue Account and payment to non-Syndicate brokers have been released on March 31, 2016. Our Company has filed applications with the BSE and the NSE for listing and trading approval on March 31, 2016. The Company has received listing and trading approval from BSE and NSE and the trading will commence on April 4, 2016.
All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospoctus.
INVESTORS PLEASE NOTE:
The details of the allotment made will be hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial number of the Bud-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup West, Mumbal 400 078,