Rithwik Facility Management Services Limited
Corporate Identification Number: U74900TN2010PLC074294
Our Company was originally incorporated as a private limited company under the
Companies Act, 1956 pursuant to a certificate of incorporation issued by the Register of
Companies. Tamil Nadu. Chennai. Andaman and Niicobar Islands on January 18. 20 10
with the name 'Rithwik Building Services Private Limited'. Further, our Company changed Us
name pursuant to approval of the shareholders at an extraordinary general
meeting held on July 28.2017 and consequently, the name of our Company was changed to
'Rithwik Facility Management Services Private Limited' and a fresh certificate of
incorporation was issued by Registrar of Companies. Tamil Nadu. Chennai on August 18. 2017.
Subsequently, our Company was converted into a public limited company pursuant
to approval of the shareholders at an extraordinary general meeting held on September 01,
2017 and consequent the name of our Company was changed to 'Rithwik Facility Management
Services Limited' and a fresh certificate of incorporation consequent upon conversion to
pubitc Iimited company was issued by the Registrar of Companies, Tamil Nadu, Chennai on
September 15, 2017. For further details of our Company refer 'General
information' and 'History and Certain Other Corporate Matters' on pages 39 and
80. respectively.
Registered Office: R.R. Tower III, Thiru-Vl-KA
industrial Estate, Guindy, Chennai - 600 032. Tamil Nadu, India. | Tel- No.:
+91 44 4353 4441
E-mail: info@rithwik.co.in
| Website; www.rithwik.co.in
| Contact Person; Subbiah Jayapandi, Company Secretary and Compliance
Officer.
PROMOTERS OF THE COMPANY: RITHWIK RAJSHEKAR RAMAN AND NlRANJAN VYAKARNA
RAO
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 8,10,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF
RITHWIK FACILITY MANAGEMENT SERVICES LIMITED ('OUR COMPANY' OR 'THE
ISSUER') FOR CASH AT A PRICE OF RS 50.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM
OF RS 40.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 405.00 LAKHS
('THE ISSUE'). OF THE ISSUE, 42,000 EQUITY SHARES AGGREGATING TO RS 21.00 LAKHS WILL
BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION
PORTION') THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 7,68,000
EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 50.00 PER
EQUITY SHARE AGGREGATING TO RS 384.00 LAKHS IS HEREINAFTER REFERRED TO AS THE
'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.10%,
RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR)
REGULATIONS 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET ISSUE OF
7,68,000 EQUITY SHARES. NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS
AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVET0RS
INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED
FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON
PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE ISSUE PRICE OF RS 50 IS 5.0 TIMES OF THE FACE VALUE
ISSUE OPENED ON DECEMBER 29,2017 AND CLOSED ON JANUARY 3, 2018
PROPOSED LISTING: THURSDAY, JANUARY 11, 2018*
The Equity Shares offered through this Prospectus are proposed to be listed on the
SME Platform of BSE. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009. as
amended from time to time, we are not required to obtain an in-principal listing approval
for the shares being offered In this Issue. However, our Company has received an approval
letter dated December 13, 2017 from SSE for using its name in this Prospectus for listing
of our Equity Shares, on the SME Platform of BSE. For the purpose of this Issue, BSE shall
be the Designated Stock Exchange. The trading is proposed to be commenced with effect from
THURSDAY, JANUARY 11, 2018*.
*Subject to receipt of listing and trading approvals from the BSE.
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 Sell
Certified Syndicate Banks (the 'SCSBs').
SUBSCRIPTION DETAILS
The Issue has received 4830 applications (after removing applications not banked) for
3,36,90,000 Equity Shares resulting in 41.59 times subscription (including reserved
portion of Market Maker), The details of the applications received in the issue (before
technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
Category |
No. of Applications |
% |
No. of Equity Shares |
% |
Subscription |
Market Maker |
1 |
0.02% |
42000 |
0.12% |
1.00 |
Retail Individual Investors |
4697 |
97.25% |
14091000 |
41.83% |
36.70 |
Non Retail Investors |
132 |
2.73% |
19557000 |
58.05% |
50.93 |
TOTAL |
4830 |
100.00% |
33690000 |
100.00% |
41.59 |
The details of applications rejected by the Reqistrar on technical grounds/
withdrawal are detailed below: Technical rejection / Withdrawal
Category |
No. of Applications |
No. of Equity Shares |
Market Maker |
Nil |
Nil |
Retail Individual Investors |
34 |
102000 |
Non Retail Investors |
6 |
72000 |
TOTAL |
3I |
174000 |
After eliminating Technically Rejected applications, the following table gives
the deteils of Category wise net valid applications: After technical rejections
Category |
No. of
Applications |
% |
No. of Equity
Shares (Valid) |
% |
Subscription |
Proportionate No. of
Equity Shares (Allocated)
After Rounding Off |
Market Maker |
1 |
0.02% |
42000 |
0.13% |
1.00 |
42000 |
Retail Individual Investors |
4663 |
97.35% |
13989000 |
41.74% |
36.43 |
384000 |
Non Retail Investors |
126 |
2.63% |
19485000 |
58.14% |
50.74 |
384000 |
TOTAL |
4790 |
100.00% |
33516000 |
100.00% |
41.38 |
810000 |
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - BSE on January 8, 2018.
A. Allocation to Market Maker (After Technical Rejections): the Basis of
Allotment to the Market Maker, at the issue price of Rs 50 per Equity Share, was finalized
in consultation with BSE. The category was subscribed by 1.00 times. The total number of
shares allotted in this category is 42,000 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 50
per Equity Share, was finalized in consultation with BSE. The category was subscribed
36.43 times. The total number of shares allotted in this category is 3,84,000 Equity
Shares to 128 successful applicants.
The Category - wise details of the Basis of Allotment are as under:
No.of Shares
Applied for
(Category wise) |
No of
Applications
Receives |
% to
Total |
Total No. of
Shares Applied
in each Category |
% of
Total |
Proporti
nate Shares
Available |
Allocation per
Applicant (Before
Rounding Off) |
Allocation per
Applicant
(After
Rounding Off) |
Ratio of Allottees to
Applicants |
Total No of Shares allotted |
Surplus/ Defecit |
3000 |
4663 |
100.00 |
13989000 |
100.00 |
384000 |
82.35 |
3000 |
128:4663 |
384,000 |
Nil |
TOTAL |
4663 |
100.00 |
13989000 |
100.00 |
384000 |
|
|
|
384,000 |
Nil |
C. Allocation to Non Retail Investors (After Technical Rejections):
The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 50 per Equity
Share, was finalized in consultation with BSE. The category was subscribed 50.74 times.
The total number of shares allotted in this category is 3,84,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:
No.of Shares
Applied for
(Category wise) |
No of
Applications
Receives |
% to
Total |
Total No. of
Shares Applied
in each Category |
% of
Total |
Proporti
nate Shares
Available |
Allocation per
Applicant (Before
Rounding Off) |
Allocation per
Applicant
(After
Rounding Off) |
Ratio of Allottees to
Applicants |
Total No of Shares allotted |
Surplus/ Defecit |
6000 |
31 |
24.60 |
186000 |
0.95 |
3666 |
118.24 |
3000 |
1:31 |
3000 |
-666 |
9000 |
6 |
4.76 |
54000 |
0.28 |
1064 |
177.37 |
3000 |
1:6 |
3000 |
1936 |
12000 |
15 |
1l.90 |
180000 |
0.92 |
3547 |
236.49 |
3000 |
1:15 |
3000 |
-517 |
15000 |
7 |
5.56 |
105000 |
0.54 |
2069 |
295.61 |
3000 |
1:7 |
3000 |
931 |
18000 |
7 |
5.56 |
126000 |
0.65 |
2483 |
354.73 |
3000 |
1:7 |
3000 |
517 |
21000 |
2 |
1.59 |
42000 |
0.22 |
828 |
413.86 |
3000 |
0:0 |
0 |
-828 |
24000 |
4 |
3.17 |
96000 |
0.49 |
1892 |
472.98 |
3000 |
1:4 |
3000 |
1108 |
27000 |
1 |
0.79 |
27000 |
0.14 |
532 |
532.10 |
3000 |
0:0 |
0 |
-532 |
30000 |
2 |
1.59 |
60000 |
0.31 |
1182 |
591,22 |
3000 |
1:2 |
3000 |
1818 |
48000 |
1 |
0.79 |
48000 |
0.25 |
946 |
945.96 |
3000 |
0:0 |
0 |
-946 |
60000 |
4 |
3.17 |
240000 |
1.23 |
4730 |
1182.45 |
3000 |
1:4 |
3000 |
-1730 |
72000 |
1 |
0.79 |
72000 |
0.37 |
1419 |
1418.94 |
3000 |
1:1 |
3000 |
1581 |
78000 |
1 |
0.79 |
78000 |
0.40 |
1537 |
1537.18 |
3000 |
1:1 |
3000 |
1463 |
120000 |
1 |
0.79 |
120000 |
0.62 |
2365 |
2364.90 |
3000 |
1:1 |
3000 |
635 |
123000 |
1 |
0.79 |
123000 |
0.63 |
2424 |
2424.02 |
3000 |
1:1 |
3000 |
576 |
129000 |
1 |
0.79 |
129000 |
0.66 |
2542 |
2542.26 |
3000 |
1:1 |
3000 |
458 |
135000 |
1 |
0.79 |
135000 |
0.69 |
2561 |
2660.51 |
3000 |
1:1 |
3000 |
339 |
138000 |
1 |
0.79 |
138000 |
0.71 |
2720 |
2719.63 |
3000 |
1:1 |
3000 |
280 |
144000 |
1 |
0.79 |
144000 |
0.74 |
2838 |
3837.88 |
3000 |
1:1 |
3000 |
162 |
153000 |
1 |
0.79 |
153000 |
0.79 |
3015 |
3015.24 |
3000 |
1:1 |
3000 |
-15 |
156000 |
1 |
0.79 |
156000 |
0.80 |
3074 |
3074.36 |
3000 |
1:1 |
3000 |
-74 |
159000 |
2 |
1.59 |
318000 |
1.63 |
6267 |
3133.49 |
3000 |
1:1 |
6000 |
-267 |
162000 |
1 |
0.79 |
162000 |
0.83 |
3193 |
3192.61 |
3000 |
1:1 |
3000 |
-193 |
168000 |
1 |
0.79 |
168000 |
0.86 |
3311 |
3310.85 |
3000 |
1:1 |
3000 |
-311 |
171000 |
1 |
0.79 |
171000 |
0.88 |
3370 |
3369.98 |
3000 |
1:1 |
3000 |
-370 |
174000 |
1 |
0.79 |
174000 |
0.89 |
3429 |
3429.10 |
3000 |
1:1 |
3000 |
-429 |
180000 |
1 |
0.79 |
180000 |
0.92 |
3547 |
3547.34 |
3000 |
1:1 |
3000 |
-547 |
195000 |
1 |
0.79 |
195000 |
1.00 |
3843 |
3842.96 |
3000 |
1:1 |
3000 |
-843 |
201000 |
1 |
0.79 |
201000 |
1.03 |
3961 |
3961.20 |
3000 |
1:1 |
3000 |
-961 |
207000 |
1 |
0.79 |
207000 |
1.06 |
4070 |
4079.45 |
3000 |
1:1 |
3000 |
-1079 |
264000 |
1 |
0.79 |
264000 |
1.35 |
5203 |
5202.77 |
6000 |
1:1 |
6000 |
797 |
300000 |
4 |
3.17 |
1200000 |
6.16 |
23649 |
5912.24 |
6000 |
1:1 |
24000 |
351 |
312000 |
1 |
0.79 |
312000 |
1.60 |
6149 |
6148.73 |
6000 |
1:1 |
6000 |
-149 |
315000 |
1 |
0.79 |
315000 |
1.62 |
6208 |
6207.85 |
6000 |
1:1 |
6000 |
-208 |
399000 |
3 |
2.38 |
1197000 |
6.14 |
23590 |
7863.28 |
6000 |
1:1 |
18000 |
-5590 |
399000 |
|
|
|
|
|
|
3000 |
2:3 |
6000 |
6000 |
600000 |
1 |
0.79 |
600000 |
3.08 |
11824 |
11824.48 |
12000 |
1:1 |
12000 |
176 |
657000 |
1 |
0.79 |
657000 |
3.37 |
12948 |
12947.81 |
12000 |
1:1 |
12000 |
-948 |
768000 |
14 |
11.11 |
10752000 |
55.18 |
211895 |
15135.33 |
15000 |
1:1 |
210000 |
-1895 |
TOTAL |
126 |
100.00 |
19485000 |
100.00 |
384000 |
|
|
|
3,84,000 |
Nil |
The Board of Directors of the Company at its meeting held on January 9, 2018 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE and has authorised the corporate action for the transfer of the Equity
Shares to various successful applicants.
The CAN and allotment advice and/or notices are dispatched to the address of the
Applicants as registered with the depositories on or before January 10, 2018. further, the
instructions to Self Certified Syndicate Banks are processed on or prior to January
10,2018. 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 SME Platform of BSE within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not detined herein shall have the
respective meaning assigned to them in the Prospectus dated December 16,2017
('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 me 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
1 st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East Mumbai - 400 059, Maharashtra, India,
Tel. No.: +91 22 6263 8200 | Fax. No.:
+91 22 6263 8299 | E-mail: ipo@bigshareonline.com
Investor Grievance Email: Investor@bigshareonline.com
| Website: www.bigshareonline.com
SEBI Registration No.: INR000001385 | Contact Person:
Vipin Gupta
Place: Chennai Date: January 10,2018 |
For Rithwik Facility Management Services Limited
On behalf of the Board of Directors
Sd/-
Managing Director |
|