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Agarwal Packers and Movers IPO Details

Issue Open Nov 27, 2018
Issue Close Nov 30, 2018
IPO Price ₹75
Face Value ₹10
IPO Size ₹31.50 Cr
Listing At NSE SME
IPO Lot Size 1600

Our Company was incorporated as DRS Dilip Roadlines Private Limited on July 10, 2009. under the Companies Act. 1956 with the Registrar of Companies. Hyderabad. Andhra Pradesh bearing Registration No 064326. The status of our Company was changed to a public limited company and the name of our Company was changed to DRS Dilip Roadlines Limited by a special resolution passed on September 04.2018 A fresh certificate of incorporation consequent to the conversion of our Company was granted to our Company on September 06.2018, by the Registrar of Companies. Hyderabad. Telangana For further details, please refer to the chapter "History and Certain Corporate Matters" beginning on page no. 103 of the Prospectus.

Registered Office: 306.3rd Floor. Kabra Complex. 61. M. 6 Road. Secunderabad. Telangana - 500003
Corporate Office: 220 to 224.2nd Floor. Kabra Complex. 61. M. G. Road. Secunderabad. Telangana - 500003
Contact Person: Mr. Ami Kumar Ganga, Company Secretary and Compliance Officer
Tel No.: +91-40-27711276 | Email: investors@drsindia.in | Website: www.drsindia.in
Promoters of the Company: Mr. Dayanand Agarwal. Mr Anjani Kumar Agarwal and Mr. Sanjay Agarwal
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 42,00,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") OF DRS DILIP ROADLINES LIMITED ("DDRL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS. 75 PER SHARE (THE "ISSUE PRICE"). AGGREGATING TO RS. 3,150,00 LAKHS ("THE ISSUE"). OF WHICH 2,25,600 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 39.74.400 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.88% AND 26.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: NOVEMBER 27, 2018 AND ISSUE CLOSED ON: NOVEMBER 30, 2018

The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE"). Our Company has received an In-Principal approval from NSE for the listing of the Equity Shares pursuant to letter dated October 22, 2018. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on December 10, 2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of 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 higher percentage. Linder subscription, if any. in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any. would be affected m accordance with applicable laws, rules, regulations and guidelines All Investors shall participate in the Issue only 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 Net Issue has received 466 applications for 43,23,200 Equity Shares resulting in 1 087 times subscription The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Category Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 324 5,18,400 315 5,04,000
Non - Retail Applicant 142 38,04,800 135 35,48,800
Total 466 43,23,200 450 40,52,800

Note: The Issue also includes 2,25,600 Equity Shares reserved for Market Maker which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 15,61,600 Equity Shares in Non - Retail Category & under subscription 14,83,200 Equity Shares in Retail Category The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on December 05, 2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 75 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,25,600 Equity Shares. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
2,25,500 1 100.00 2,25,600 100.00 2,25,600 1:1 2,25,600
Total 1 100.00 2,25,600 100.00     2,25,600
 
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 75 per Equity Share, was finalised in consultation with NSE Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations. 2009, the total number of shares allocated in this category is 5,04,000 Equity Shares. The category was subscribed by 0.253 times. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
1,600 315 100.00 5,04,000 100.00 1.600 1:1 5,04,000
Total 315 100.00 5,04,000 100.00     5,04,000
  
C) Allocation to Non - Retails Category (Alter Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 75 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations. 2009, the total number of shares allocated in this category is 34,70,400 Equity Shares (including un-subscribed portion of 14,83,200 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.022 times. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No, of Shares Allotted
3,200 57 42.22 1,82,400 5.14 1,600 1:1 91,200
3,200 (Lottery System - Serial No. of Qualifying Applicant is 1 to 18.20 to 45 and 47 to 56) 1,600 54:57 86,400
4,800 17 12.59 81,600 2.30 3,200 1:1 54,400
4,800 (Lottery System - Serial No. of Qualifying Applicant is 1 to 16) 1,600 16:17 26.600
6,400 5 3.70 32,000 0.90 6,400 1:1 32,000
8,000 21 15.56 1,68,000 4.73 6,400 1:1 1,34,400
8,000 (Lottery System - Serial No. of Qualifying Applicant is 1 to 7 and 9 to 20) 1,600 19:21 30,400
9,600 3 2.22 28,800 0.81 9,600 1:1 28,800
11,200 1 0.74 11,200 0.32 11,200 1:1 11,200
12,800 3 2.22 38,400 1.08 11,200 1:1 33,600
12,800 (Lottery System - Serial No. of Qualifying Applicant is 1 and 2) 1,600 2:3 3.200
16,000 7 5.19 1,12,000 3.16 14,400 1:1 1,00,800
16,000 (Lottery System - Serial No. of Serial No. of Qualifying Applicant is 1, 2, 3, 4 and 6) 1,600 5:7 8,000
24,000 1 0.74 24,000 0.68 24,000 1:1 24,000
28,800 3 2.22 86,400 2.43 27,200 1:1 81,600
28,800 (Lottery System - Serial No. of Serial No. of Qualifying Applicant is 1 and 2) 1,600 2:3 3.200
40,000 1 0.74 40,000 1.13 38,400 1:1 38,400
56,000 3 2.22 1,68,000 4.73 54,400 1:1 1,63,200
56,000 (Lottery System - Serial No. of Serial No. of Qualifying Applicant is 1) 1,600 1:3 1,600
64,000 1 0.74 64,000 1.80 62,400 1:1 62,400
67,200 2 1.48 1,34,400 3.79 65,600 1:1 1,31,200
80,000 5 3.70 4,00,000 11.27 76,800 1:1 3,84,000
80,000 (Lottery System - Serial No. of Serial No. of Qualifying Applicant is 1, 2, 3 and 4) 1,600 4:5 6.400
1,16,800 1 0.74 1,16,800 3.29 1,13,600 1:1 1,13,600
1,44,000 2 1.48 2,88,000 8.12 1,40,800 1:1 2,81,600
2,40,000 1 0.74 2,40,000 6.76 2,35,200 1:1 2,35,200
13,32,800 1 0.74 13,32,800 37.56 13,04,000 1:1 13,04,000
Total 135 100.00 35,48,800 100.00     34,70,400

The Board of Directors of the Company at its meeting held on December 06, 2018, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants The CAN and allotment advice and/or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks will be processed on or before December 07, 2018 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on December 10, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated November 03, 2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue. Bigshare Services Private Limited at Website: 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 Applicant. 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 given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin works Building. Opposite Vasant Oasis.
Makwana Road. Marol, Andheri (East). Mumbai - 400059.
Tel: +91 - 22 - 6263 8200 | Fax: +91 - 22 - 6263 8299
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty | SEBI Registration No.: INR000001385
For DRS Dilip Roadlines Limited
On Behalf of the Board of Directors
Place : Secunderabad Sd/-
Date : December 07, 2018 Managing Director

DRS DILIP ROADLINES LIMITED is proposing, sublet to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies. Hyderabad at Teiangana The Prospectus shall be available on the websites of the Company, the NSE and the Lead Manager at www.drsindia.in, www.nseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled "Risk Factors" beginning on page no. 10 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U S Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U S Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.

Agarwal Packers and Movers IPO Basis of Allotment FAQs

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

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

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