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Adlabs Entertainment IPO Details

Issue Open Mar 10, 2015
Issue Close Mar 12, 2015
IPO Price ₹180
Face Value ₹10
IPO Size ₹365.87 Cr
Listing At BSE, NSE
IPO Lot Size 65

ADLABS Entertainment Limited

Our Company was initially formed and registered as a partnership firm under the provisions of Indian Partnership Act, 1932 through a partnership deed dated May 18, 2009 in the name and style of M/s Dream Park, with our Promoters, among others, as partners. Our Company was incorporated as Adlabs Entertainment Private Limited on February 10, 2010 at Mumbai as a private limited company under the Companies Act,1956, upon conversion of M/s. Dream Park into a company. Our Company was converted into a public limited company on April 27, 2010 and the name of our Company was changed to Adlabs Entertainment Limited. For details of change in the name and registered office of our Company, see the section 'History and Certain Corporate Matters' on page 137 of the Prospectus dated March 20, 2015.
Registered Office: 30/31, Sangdewadi, Khopoli Pali Road. Taluka-khalapur, District Raigad 410 203, Maharashtra, India. Corporate Office: 9th Floor, Lotus Business Park, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, India; the Company is temporarily operating from the following address: 3rd Floor, Nimbus Centre, SAB TV Road, Andheri (West), Mumbai 400 053, Maharashtra, India. Contact Person: Ghanshyam Singh Jhala, Company Secretary and Compliance Officer; Tel: +91 22 4068 0000; Fax:  +91 22 4068 0088. E-mail: compliance@adlabsentertainment.com; Website: www.adlabsimagica.com. Corporate Identification Number: U92490MH2010PLC199925

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 20,326,227 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH {'EQUITY SHARES') OF ADLABS ENTERTAINMENT LlMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF Rs. 180 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 170 PER EQUITY SHARE) FOR QUALIFIED INSTITUTIONAL BUYERS ('QIB') BIDDERS AND NON INSTITUTIONAL BIDDERS AND AT A PRICE OF Rs. 168 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 158 PER EQUITY SHARE) FOR RETAIL INDIVIDUAL BIDDERS, AGGREGATING TO Rs 3,745.94 MILLION ('ISSUE') COMPRISING A FRESH ISSUE OF 18,326,227 EQUITY SHARES AGGREGATING TO Rs 3,377.36 MILLION (''FRESH ISSUE') AND AN OFFER FOR SALE OF 2,000,000 EQUITY SHARES BY THRILL PARK LIMITED (THE 'SELLING SHAREHOLDER') AGGREGATING TO Rs. 368.58 MILLION ('OFFER FOR SALE'). THE ISSUE WILL CONSTITUTE 25.44% OF OUR POST-ISSUE PAID-UP EQUITY SHARE CAPITAL. OUR COMPANY ALONGWITH THE SELLING SHAREHOLDER, IN CONSULTATION WITH THE GLOBAL CO-ORDINATORS AND LEAD MANAGERS ('GCLMS'), HAS OFFERED A DISCOUNT OF 6.67 % ON THE ISSUE PRICE (EQUIVALENT TO Rs. 12) TO  RETAIL INDlVIDUAL  BIDDERS ('RETAIL DISCOUNT').

ISSUE PRICE: RS. 180 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.
THE ISSUE PRICE IS 18.0 TIMES THE FACE VALUE
ANCHOR INVESTOR ISSUE PRICE : RS. 221 PER EQUITY SHARE

BID/ISSUE: OPENED ON TUESDAY, MARCH 10, 2015 • CLOSED ON TUESDAY, MARCH 17, 2015 *Pursuant to a revision in the price band, the Bid/ Issue period was extended by 3 working days from March 12, 2015 to March 17, 2015.

ANCHOR INVESTOR BIDDING DATE : MONDAY, MARCH 09, 2015

The Anchor Investor Bid/Issue Period was one Working Day prior to the Bid/lssue opening date in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended  ('SEBIICDR Regulations')

OUR PROMOTERS: MANMOHAN SHETTY AND THRILL PARK LIMITED

Pursuant to Rule 19(2)(b)(i) of the Securities Contracts Regulation Rules, 1957, as amended ('SCRR') read with Regulation 41 of the SEBI Regulations, the Issue was made for at least 25% of the post-Issue capital. The Issue was made through the Book Building Process in compliance witn the provisions of Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations'), wherein at least 75% of the Issue (i.e., 75% of 20,326,227 Equity Shares as originally envisaged in the Red Herring Prospectus) was allocated on a proportionate basis to QIBs. Our Company and the Selling Shareholder, in consultation with the GCLMs, allocated 17.86% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third was available for allocatton to domestic Mutual Funds only.

All Investors, other than an Anchor Investor and Retail, were required to perticipate in this Issue through the Application Supported by Blocked Amount ('ASBA') process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Allotment, amongst other conditions mentioned in the Prospectus, was undertaken upon receipt of Bids equivalent to at least 25% of the Issue (including Bids received under the Anchor investor Portion) from Mutual Funds and/or insurance companies registered with IRDA. Specific attention is invited to the section titled 'Issue Procedure' on page 309 of the Prospectus.

The Issue received 13,529 applications for 22,080,305 Equity Shares (prior to technical rejections) resulting in 1.086 times subscription. The deteils of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIBs excluding Anchor Investors and Anchor Investors are as under (before technical rejections):

Category No of Applications No of Applications No. of Equity Shares No. of times Subscription*
A Retail Individual Bidders 13,453 2,633,020 1.295
B Non-Institutional Bidders 41 2,093,135 0.688
C Qualified Institutional Buyers
(excluding Anchor Investors)
28 14,627,015 1.168
D Anchor Investors 7 2,722,135 1.000
Total 13,529 22,080,305 1.086

* Based on Prospectus

Final Demand

A summary the 'final demand at different, bid prices is as under:

Bid Price No.of Equity Shares % to Total Cumulative Total Cumulative % of Total
180 15,699,320 65.44 15,699,320 65.44
181 2,665 0.01 15,701,985 65.45
182 2,210 0.01 15,704,195 65.46
183 1,430 0.01 15,705,625 65.47
184 585 0.00 15,706,210 65.47
185 7,605 0.03 15,713,815 65.50
186 130 0.00 15,713,945 65.50
187 325 0.00 15,714,270 65.50
188 65 0.00 15,714,335 65.50
189 585 0.00 15,714,920 65.50
190 9,945 0.04 15,724,865 65.55
191 650 0.00 15,725,515 65.55
192 455 0.00 15,725,970 65.55
195 845 0.00 15,726,815 65.55
196 130 0.00 15,726,945 65.55
197 975 0.00 15,727,920 65.56
200 13,715 0.06 15,741,635 65.62
201 975 0.00 15,742,610 65.62
202 130 0.00 15,742,740 65.62
203 715 0.00 15,743,455 65.62
205 1,430 0.01 15,744,885 65.63
210 845 0.00 15,745,730 65.62
212 455 0.00 15,746,185 65.62
213 65 0.00 15,746,250 65.62
214 65 0.00 15,746,315 65.62
215 153,595 0.64 15,899,910 66.28
221 1,944,995 8.11 17,844,905 74.38
222 4,745 0.02 17,849,650 74.40
223 2,015 0.01 17,851,665 74.41
224 1,170 0.00 17,852,835 74.42
225 13,260 0.06 17,866,095 74.47
226 1.300 0.01 17,867,395 74.48
227 1,495 0.01 17,868,890 74.48
228 975 0.00 17,869,865 74.49
229 520 0.00 17,870,385 74.49
230 3,655,990 15.24 21,526,375 89.73
CUTOFF 2,464,410 10.27 23,990,785 100.00
TOTAL 23,990,785 100.00

The Basis of Allotment was finalized in consultation with Designated Stock Exchange, being BSE, on March 26, 2015

A. Allocation to RetaiI Individual Bidders (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 168 per Equity. Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.279 times (after technical rejections). The total number of Equity Shares Allotted in Retail Individual Bidders category is 2,032,622 Equity Shares to 13,241 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications Received %to Total Total No. of Equity Shares applied % to Total No. of Equity Shares allotted per applicant Ratio Talal No. of Equity Shares allotted
65 8,306 62.73 539,890 20.77 65 1:1 539,890
130 1,723 13.01 223,990 8.62 109 1:1 187,807
195 579 4.37 112,905 4.34 153 1:1 88,587
260 391 2.95 101,660 3.91 195 1:1 76,245
0.00 0.00 2:3 261
325 207 1.56 67,275 2.59 240 1:1 49,680
390 151 1.14 58,890 2.27 284 1:1 42,884
455 365 2.76 166,075 6.39 328 1:1 119,720
520 92 0.69 47,840 1.84 372 1:1 34,224
585 17 0.13 9,945 0.38 416 1:1 7,072
650 101 0.76 65,650 2.53 459 1:1 46,359
715 17 0.13 12,155 0.47 503 1:1 8,551
780 18 0.14 14,040 0.54 547 1:1 9,846
845 135 1.02 114,075 4.39 591 1:1 79,785
910 797 6.02 725,270 27.90 535 1:1 506,095
975 308 2.33 300,300 11.55 677 1:1 208,516
1040 2 0.02 2,080 0.08 722 1:1 1,444
1105 6 0.05 6,630 0.26 766 1:1 4,596
1170 26 0.20 30,420 1.17 810 1:1 21,060

B. Allocation to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.180 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.688 times (after technical rejections). The total number of Equity Shares allotted in this category is 2,093,135 Equity Shares to 41 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of applications received % of Total Total no. of Equily Shares applied % to Tolal No. of Equity Shares allotted per applicant Ratio Total no. of Equily Shares applied
1,300 3 7.31 3,900 0.19 1,300 1:1 3,900
1,365 1 2.44 1,365 0.07 1,365 1:1 1,365
1,960 1 2.44 1,950 0.09 1,950 1:1 1,950
2,015 1 2.44 2,015 0.10 2,015 1:1 2,015
2,145 3 7.31 6,435 0.31 2,145 1:1 6,435
2,665 1 2.44 2,665 0.13 2,665 1:1 2,665
2,795 1 2.44 2,795 0.13 2,795 1:1 2,795
3,445 2 4.88 6,890 0.33 3,445 1:1 6,890
4,290 6 14.62 25,740 1.23 4,290 1:1 25,740
4,355 1 2.44 4,355 0.21 4,355 1:1 4,355
4,550 1 2.44 4,550 0.22 4,550 1:1 4,550
4,615 1 2.44 4,615 0.22 4,615 1:1 4,615
5,395 2 4.88 10,790 0.51 5,395 1:1 10,790
5,525 1 2.44 5,525 0.26 5,525 1:1 5,525
6,500 1 2.44 6,500 0.31 6,500 1:1 6,500
6,890 1 2.44 6,890 0.33 6,890 1:1 6,890
8,580 1 2.44 8,580 0.41 8,580 1:1 8,580
10,920 1 2.44 10,920 0.52 10,920 1:1 10,920
13,000 1 2.44 13,000 0.62 13,000 1:1 13,000
13,845 1 2.44 13,845 0.66 13,845 1:1 13,845
21,710 2 4.88 43,420 2.07 21,710 1:1 43,420
43,420 1 2.44 43,420 2.07 43,420 1:1 43,420
43,550 1 2.44 43,550 2.08 43,550 1:1 43,550
83,330 1 2.44 83,330 3.97 83,330 1:1 83,330
104,650 1 2.44 104,650 4.99 104,650 1:1 104,650
108,680 1 2.44 108,680 5.17 108,680 1:1 108,680
416,650 1 2.44 416,650 19.85 416,650 1:1 416,650
555,555 2 4.88 1,111,110 52.95 555,555 1:1 1,111,110

*The undersubscribed portion of 950799 equity shares in Non-Institutional Bidder categoty has been spilled over to QIB.

C. Allocation to
QIBs (excluding Anchor Investors)

Allotment to QIBs, who have bid at the Issue Price of Rs.180 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 1.086 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5 % of the Equity Shares of Net QIB portion available i.e. 13,471,335 Equity Shares (including under subscribed portion of 950,799 Equity Shares spilled over from Non Institutional Bidders Category) and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 12,799,668 Equity Shares on a proportionate basis. The tolal number of Equity Shares allotted in the QIB category is 13,473,335 Equity Shares, which were allotted to 28 successful Applicants.

Category Fls/Banks MFs ICs VCs AIF Fll Total
Allotment 2,853,866 3,710,579 4,074,464 - - 2,834,426 13,473,335

D. Allocation to Anchor Investors

The Company and Selling Shareholder have allolted 2,722,135 Equity Shares to 5 Anchor Investore through 7 Applications, in consultation with the BRLM. In accordance with the SEBI Regulations, this represents 20.204% of the QIB Portion.

Category Fls/Banks MFs ICs VCs AIF Fll Total
Allotment - 1,548,430 - 652,210 - 521,495 2,722,135

The IPO Committee of our Company at its meeting held on March 27, 2015 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice have been dispaichad to the address of the investors as registered with the depositories on March 30, 2015. Further, instructiens to the SCSBs have been dispatahed/mailed on March 26, 2015. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Advices have been over-pinted with the bank account details as registered, if any, with the depositories, The Equity Shares allotted to the successful allottees have been uploaded on March 28, 2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 12 working days of The closure of the Issue.

INVE5T0R5 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 Bid-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). Mumbai 400 078. Maharashtra, India
Tel: +91 22 6171 5400, Fax: +91 22 2596 0329, E-mail: ael.ipo@linkintime.co.in
Website: www.linkintime.co.in, Contact Person: Sachin Achar,
SEBI Registration No.: INR000004058

Place: Mumbai
Date: March 31, 2015

For ADLABS ENTERTAINMENT LIMITED
On behalf of Board of Directors
Sd/-
Chairman and Managing Director

Adlabs Entertainment IPO Basis of Allotment FAQs

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

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

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