MITTAL LIFE STYLE LIMITED
CIN: U18101MH2005PLC155786
Our Company was incorporated as Mittal Life Style Private Limited under the provisions
of the Companies Act 1956 vide certificate of incorporation dated August 31,2005, issued
by the Registrar of Companies, Maharashtra, Murnbai. Subsequently, the name of our Company
was changed to Mittal Life Style Limited pursuant to conversion into a public company vide
Shareholders' approval on October 31,2017 and fresh certificate of incorporation dated
November 23,2017. The Corporate Identification Number of Our Company is
U18101MH2005PLC155786. For further details please refer to chapter titled 'Our History and
Certain Other Corporate Matters' beginning on page 114 of the Prospectus.
Registered Office: Unit No. 8/9, Ravikiran, Ground
Floor, New Link Road, Andheri (West) Mumoai -400053, Maharashtra, India
Tel No: +91-22-26741792; Fax: +91-22-26741787; E-mail:
info@mittallifestyle.in; Website: www.mittallifestyle.in
Contact Person: Mr. Brijeshkumar Jagdishkumar Mittal, Managing Director.
PROMOTERS OF THE COMPANY: MR. BRIJESHKUMAR JAGDISHKUMAR MITTAL,
MR. PRATIK BRIJESHKUMAR MITTAL AND JK DENIM FAB PRIVATE LIMITED
BASIS OF ALLOTMENT
PPUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP
OF MITTAL LIFE STYLE LIMITED ('MLSL' OR THE 'COMPANY' OR THE
'ISSUER') FOR CASH AT A PRICE OF Rs. 21/- PER EQUITY SHARE (THE 'ISSUE
PRICE') (INCLUDING SHARE PREMIUM OF Rs. 11/-PER EQUITY SHARE) AGGREGATING Rs. 441.00
LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,20,000 EQUITY SHARES OF FACE
VALUE 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 19,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH
FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE
NET ISSUE WILL CONSTITUTE 29.79% AND 28.09% 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 204 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE
PRICE IS RS. 21/-
THE ISSUE PRICE IS 2.10 TIMES THE FACE VALUE.
ISSUE |
OPENED ON: MARCH 19. 2018 |
CLOSED ON: MARCH 21, 2018 |
PROPOSED LISTING: MONDAY, APRIL 02,2018*
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 January 03,2018 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 Monday, April 02,2018.*
*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').
SUBSCRIPTION DETAILS
The Issue has received 120 applications for 2202000 Equity Shares resulting in 1.05 times
subscription (including reserved portion of Market Maker). The details of the applications
received in the Issue (before technical rejections) are as follows:
Detalls of The Applications Received (BeforeTechnica Rejection):
CATEGORY |
No. of Applications |
% |
No. of Equity Shares |
% |
Subscription (Times) |
Market Maker |
1 |
0.83 |
120000 |
545 |
1.00 |
Retail Individual -Investors |
87 |
72.50 |
522000 |
23.71 |
0.53 |
Other than Retail Individual Investors |
32 |
26.67 |
1560000 |
70.84 |
1.58 |
Total |
120 |
100.00 |
2202000 |
100.00 |
1.05 |
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 |
6 |
36000 |
Other than Retail Individual Investors |
1 |
12000 |
Total |
7 |
48000 |
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 |
0.89 |
120000 |
120000 |
120000 |
1.00 |
Retail Individual Investors |
81 |
71.68 |
990000 |
486000 |
486000 |
0.49 |
Other than Retail Individual Investors |
31 |
27.43 |
990000 |
1494000 |
1548000 |
1.04 |
Total |
113 |
100.00 |
210000 |
2100000 |
2154000 |
1.03 |
Allocation: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - National Stock Exchange of India Limited on March 26, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment
to the Market Maker, at the issue price of Rs. 21/- 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 120000 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. 21/- per
Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.49
times. The total number of shares allotted in this
category is 486000 Equity Shares to 81 successful applicants.
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 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 the Applicant:
Ratio 1 |
Ratio of
Allottees
to the
Applicant:
Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of
Shares
Surplus/ Deficit |
6000 |
81 |
100.00 |
486000 |
100.00 |
990000 |
6000.00 |
6000 |
1 |
1 |
81 |
486000 |
-504000 |
Total |
81 |
100.00 |
486000 |
100.00 |
990000 |
|
|
|
|
81 |
486000 |
-504000 |
*The under subscribed portion of 504000 Equity shares from Retail Investors Category
have been spilled over to Other than Retail Individual Investors Category.
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. 21/- per Equity Share, was finalized in consultation with NSE. The category
was subscribed 1.04 times. The total number of shares allotted in this category is 1494000
Equity Shares to 31 successful applicants. The Category-wise details of the Basis of
Allotment are as under:
No. of Shares
Applied for
(Category
wise) |
No. of
Applica
tions 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 the Applicant:
Ratio 1 |
Ratio of
Allottees
to the
Applicant:
Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of
Shares
Surplus/ Deficit |
12000 |
12 |
38.71 |
144000 |
9.30 |
138977 |
11581.40 |
6000 |
1 |
1 |
12 |
72000 |
-66977 |
12000 |
|
|
|
|
|
|
6000 |
11 |
12 |
|
66000 |
66000 |
24000 |
3 |
9.68 |
72000 |
4.65 |
69488 |
23162.79 |
24000 |
1 |
1 |
3 |
72000 |
2512 |
30000 |
1 |
3.23 |
30000 |
1.94 |
28953 |
28953.49 |
30000 |
1 |
1 |
1 |
30000 |
1047 |
42000 |
5 |
16.13 |
210000 |
13.57 |
202674 |
40534.88 |
36000 |
1 |
1 |
5 |
180000 |
-22674 |
42000 |
|
|
|
|
|
|
6000 |
4 |
5 |
|
24000 |
24000 |
66000 |
2 |
6.45 |
132000 |
8.53 |
127395 |
63697.67 |
60000 |
1 |
1 |
2 |
120000 |
-7395 |
66000 |
|
|
|
|
|
|
6000 |
1 |
2 |
|
6000 |
6000 |
120000 |
8 |
25.80 |
960000 |
62.01 |
926513 |
115813.95 |
114000 |
1 |
1 |
8 |
912000 |
-14513 |
120000 |
|
|
|
|
|
|
6000 |
1 |
4 |
|
12000 |
12000 |
Total |
31 |
100.00 |
1548000 |
100.00 |
1494000 |
|
|
|
|
31 |
1494000 |
0 |
*Includes original reservation of 990000 Equity Shares and Spill over from Retail
Individual Investors Category of 504000 Equity Shares.
The Board of Directors of the Company at its meeting held on March 26,2018 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 March 28,2018. Further, the
instructions to Self Certified Syndicate Banks for unblocking the amount are being
processed on or prior to March 28,2018. 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 March 07, 2018 ('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 Building, 1 st Floor, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra
Tel: (022) 22 62638200 Fax: (022) 62638299
E-mail: ipo@bigshareonline.com Website:
www.bigshareonline.com
Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385
Date: March 27,2018 Place: Mumbai |
For MITTAL LIFE STYLE LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director |
|