FREE Account Opening + No Clearing Fees
Loading...
September 30, 2013 - October 7, 2013

Subh Tex India IPO Basis of Allotment

SUBH TEX (INDIA) LIMITED

Our Company was incorporated as 'Ravi Synthetic Private Limited' a private   limited company under the Companies Act 1956 pursuant to Certificate of Incorporation dated November 16, 1987 bearing registration number 45305 of 1987 issued by the Registrar of Companies. Maharashtra The name of our Company was changed to 'Subh Tex (India) Private Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated December 13, 1990, issued by the Additional Registrar of Companies, maharashtra. Thereafter, our Cornpany was converted into a public limited company under the Companies Act and the name of our Company was changed So its present name 'Subh Tex (India) Limited' pursuant to fresh certificate of incorporation consequent upon change ot name on conversion to public limited company dated july 03,2003 issued by the Deputy Registrar of Companies. Maharashtra. Our corporate identification number is U99999MH1987PLC045305. For further details of our Company, please refer to she chapters titled' General Information' 'and 'History and Certain Corporate Matters' beginning on page numbers 29 and 80, respectively, of the Prospectus.

Registered Ofttce; 18, Surti Chamber, 2nd Dhobi Talao Lane, Mumbai - 400002, Maharashtra;
Tel. No.: +91 22 2203 6030 / 2203 6028; Email: subhtexindia@gmail.com WebSite: www.subhtexindia.co.in
Company Secretary and Compliance Officer: Jitendra Tiwari

OUR PROMOTER: SANT0SH KUMAR PRALHADRAI SARAF AND SHRADDHA ANlMESH GUPTA

PUBLIC ISSUE OF 35,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SUBH TEX (INDIA) LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT PAR, AGGREGATING RS 350 LACS (THE 'ISSUE'), OF WHICH 1,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 33,20.000 EQUITY SHARES OF FACE VALUE RS 10 EACH AT PAR AGGREGATING RS 332.00 LACS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE' THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.82% AND 30.18% RESPECTIVELY OF THE FULLY DILUTED 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 OFFER OF 60,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS 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 PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HlGHER PERCENTAGE.

THE FACE VALUE QF THE EQUFTY SHARES IS RS 10 EACH AND
THE ISSUE PRICE OF RS10 IS 1 TIME OF THE FACE VALUE

ISSUE OPENED ON MONDAY, SEPTEMBER 30,2013 AND CLOSED ON MONDAY, OCTOBER 7,2013

PROPOSED LISTING: TUESDAY, OCTOBER 22,2013*

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform BSE Limited ('BSE'). In terms of Ihe Chapter XB of the SEBl (ICDR) Regulations, 2009. as amended from time to time, we are not required to obtain an in principal listing approval for The Shares being offers in this issue. However, our Company has received an approval letter dated August 8, 2012 from BSE 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 proposedto be commenced with effect from Tuesday. October 22,2013*.

*Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPOHTED 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 221 applications for 43,41,000 Equity Shares resulting in 1.24 times Subscription (including reserved portion Of Market Maker), The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:

Detail of the Applications Received (Before Technical Rejection)

Category No. of
Applications
% No. of
Equity Shares
% Subscription
Market Maker l 0.45 1,80,000 4.15 1
Retail Individual Applicant 202 91.40 24,51,000 56.46 1.48
Non Institutional Applicant 18 8.14 17,10,000 39.39 1.03
Total 221 100 43,41400 100 1.24

The details of application rejected by the Registrar on technical grounds/withdrawal are detailed below:

Technical rejection/Withdrawal

CATEGORY No. of
Applications
No. of
Equity shares
Mantel Maker Nil Nil
Retail Individual Applicant 10 81,000
Non Institutional Applicant Nil Nil
Total 10 81,000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications.

After technical rejections

CATEGORY No. of
Applications
% No. of
Equity
shares (valid)
% Subscription No. of
Equity
shares
(allotted)
Mantel Maker 1 0.47 1,80,000 4.23 1 1,80,000
Roiaitindividuai Appucani 192 91.00 23,70,000 55.63 1.22 19,40,000
Non Institutional Applicant 18 8.53 17,10,000 40.14 1.24 13,80,000
211 100.00 42,60,000 100.00 1.22 35,00,000

The Basis oi Allotment was linalized in consultation with the Designated Stock Exchange -BSE Limited on October 17,2013.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotmam to the Market Maker, at the issue price of Rs.10/- 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 1,30.000 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.10/- per Equity Share, was finalised in consultation with BSE. The category was subscrted by 1.22 times, The lotal number of shares allotted in this category is 19,40,000 Equity Shares.

• The retail category has applied for58.08% of the valid applications under the net offer to public, Further owing to rounding off, 11.471 less shares have been apportioned to be allotted to the non retail investors.

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 Proportionate
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/
Defecits
10,000 147 76.56 14,70,000 62.03 11,96,176 8,137.25 10,000 1:1 14,70,000 2,73,824
20,000 45 23.44 9,00,000 37.97 7,32,353 16,274.51 10,000 1;1 4.50,000 -2,82,353
10,000.00 10,000 2:45 20,000 20,000
Total 192 100.00 23,70,000 100.00 19,28,529 19,40,000 11,471

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.10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed 1.24 times. The total number of shares allotted in this category is 13,80,000 Equity Shares,
^ The non - retail category has applied for 41.92% of the valid applications under the net offer to public. Further owing to rounding off, 11,471 less shares have been apportioned to be allotted to the non retail investors.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) No. of Applications Received % of
total
Total No. of Shares Applied in each category % of
total
Proportionate 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
40,000 3 16.67 1,20,000 7.00 97,647 32,549.03 30,000 1:1 90,000 -7,647
50,000 7 38.89 3,50,000 20.47 2,84,804 40,686.29 40,000 1 1 2,80,000 -4,804
60,000 4 22.22 2,40,000 14.04 1,95,294 48,323,54 50,000 1:1 2,00,000 4,706
1,00,000 1 5.55 1,00,000 5.84 81,373 61,372.57 80,000 1:1 80,000 -1373
2,00,000 2 11.11 4,00,000 23.39 3,25,490 1,62,745,15 1,60,000 1:1 3,20,000 -5,490
5,00,000 1 5.56 5,00,000 29.24 4,06,863 4,06,362,87 4,10,000 1:1 4,10,000 3,137
18 100.00 17,10,000 100.00 13,91,471 13,80,000 -11,471

The Board of Directors of the Company at its meeting held on October 18, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on October 19,2013. Further, the instructions to self Certified Syndicate Banks have been dispatched on or prior to October 19, 2013. In case the same is not received within 10 days, investors may contact at the address given below. Refunds have been made through Direct credit, RTGS and NEFT. into the Bank Accounts, of the applicant, as registerd with the depositories. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may the address given below. The Refund Orders have been over printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares a allotted to successful applicants, are being credited to their beneficiary account subject to validation of the account details, wiih the depositoriess concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE United within twelve 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 16,2013 (Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also he hosted on Ihe website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at www.shareproservices com All future correspondence in this regard may kindly the addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the Application Form number of shares applied for and Bank Branch where the application had been lodged and payment deteils at Ihe address of the Registrar given below;

SHAREPRO SERVICES (INDIA) PRIVATE LIMITED

13 AB, Samhita Warehousing Complex, Sakmaka Telephone Exchange Lane,
Off Andheri  Kurla Road, Sakinaka, Andhen (East),
Mumbai - 400072, Maharashtra

Tel No. +91 - 22 - 6191 5402 / 5404; Fax No: + 91 - 22 - 6191 5444
Website: www.shareproservices.com,
Email: sme.ipo@shareproservices.com
SEBI Registration No: INR000001476
Contact Person: Mr. Subhash Dhingreja

Place : Mumhai
Date : October 21,2013
For SUBH TEX (INDIA) LIMITED
On behalf of the Boafd of Directors
SANTOSH KUMAR PRALHADRAI SARAF

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESSB PROSPECTS OF SUBH TEX (INDIA) LIMITED. ,

Subh Tex India IPO Basis of Allotment FAQs

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

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

Visit the Subh Tex India 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 Subh Tex India IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).