Agro Phos India IPO Details

Issue Open Oct 27, 2016
Issue Close Nov 7, 2016
IPO Price ₹22
Face Value ₹10
IPO Size ₹12.94 Cr
Listing At NSE SME
IPO Lot Size 6000

AGRO PHOS INDIA LIMITED

Our Company was originally formed and registered as a partnership firm under the Partnership Act in the name and style of 'Agra Phos (India)', pursuant to a deed of partnership dated February 10, 2001. Agra Phos (India) was thereafter converted from a partnership firm to a private limited company under Part DC of the Companies Act, 1956 with the name of "Agro Phos (India) Private Limited" and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on September 19,2002 bearing registration no. 015285. Subsequently our Company was converted into a public limited company vide pursuant to special resolution dated February 28,2004 and fresh Certificate of Incorporation dated March 01,2004 and the name of our Company was changed to "Agro Phos India Limited". The Corporate Identity Number of our Company is U24123MP2002PLC015285. The partners of M/s Agro Phos (India) were initial subscribers to Memorandum of Association of our Company. For details of Incorporation, change of name and registered office of our Company, please refer to chapters titled "General Information", "Our History and Certain Other Corporate Matters" beginning on page 64 and 223 of the Prospectus.

Registered Office: M-87, Trade Centre 18M, South Tukoganj, Indore- 452001 Madhya Pradesh, India
Tel No.: 0731- 2529490; Fax No.: 0731-2529490; E-mail: investors@agrophos.com; Website: www.agrophos.com
Corporate Identity Number: U24123MP2002PLC015285; Contact Person: Neetu Dubey, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: RAJ  KUMAR GUPTA AND VISHNU KANT GUPTA

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 58,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS.22/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 12/- PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING UP TO RS. 1293.60 LAKHS (THE "ISSUE"), OF WHICH 3,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 68.64 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 55,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 1224.96 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.00% AND 27.46% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. Average cost of acquisition per Equity Share by our Promoters viz. Raj Kumar Gupta is Rs.2.78 .Vishnu Kant Gupta is Rs.4.23 and the Issue Price at the upper end of the Price Band is significantly higher at Rs. 22 per Equity Share.

In terms of Prospectus dated November 09,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
(c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 356 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE OF RS. 22/- EACH IS 2.2 TIMES THE FACE VALUE OF THE EQUITY SHARES
BID/ISSUE OPENED ON: THURSDAY, OCTOBER 27, 2016 AND CLOSED ON: MONDAY, NOVEMBER 07, 2016.

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of the National Stock Exchange of India Limited ("NSE") ("NSE EMERGE") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. However, the Company has received an approval letter dated October 17,2016 from National Stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on NSE EMERGE. The designated stock exchange is NSE EMERGE.

SUBSCRIPTION DETAILS

The Issue has received 9,705 applications for 10,27,92,000 Equity shares (Before Technical Rejections, Multiple Rejections bids not banked and invalid duplicate bids) including Market Maker Application of 3,12,000 Equity Shares. The issue was subscribed to the extent of 17.48 times as per the application data (before technical rejection). After considering the technical rejections cases, the issue was subscribed 17.22 times. The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 3,12,000 1.00
Other than Retail Individual Investor's 287 4,55,28,000 16.35
Retail Individual Investor's 9,366 5,61,96,000 20.19
TOTAL 9,654 10,20,36,000 17.35

Final Demand

SR.No. BID PRICE No. OF EQUITY SHARES BID FOR % TO TOTAL CUMULATIVE TOTAL % OF CUMULATIVE TOTAL
1 19.00 24,000 0.02 24,000 0.02
2 22.00 8,16,90,000 79.48 8,17,14,000 79.50
3 Cut off 2,10,72,000 20.50 10,27,86,000 100.00
Total 10.27.86.000 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Ltd on November 10,2016. ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Ltd on November 10,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of  Rs. 22/- 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 3,12,000 Equity shares in full out of reserved portion of 3,12,000 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. 22/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.10 times. Total number of shares allotted in this category is 30,66,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received % to
total
Total No. of Equity Shares applied % to
total
Proportionate Shares Available Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
6,000 9,250 100 5,55,00,000 100 30,66,000 331.46 6,000 511:9250 30,66,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs. 22/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 18.16 times. Total number of shares allotted in this category is 25,02,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received % to
total
Total No.
of Equity Shares applied
% to
total
Proportionate Shares Available Allocation per
Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees to the Applicants Total No.
of Equity Shares allotted
Surplus/ (Deficit)
12,000 42 14.79 5,04,000 1.11 27,760 660.94 6,000 5:42 30,000 2,240
18,000 19 6.69 3,42,000 0.75 18,837 991.41 6,000 3:19 18,000 -837
24,000 14 4.93 3,36,000 0.74 18,506 1,321.89 6,000 3:14 18,000 -506
30,000 15 5.28 4,50,000 0.99 24,785 1,652.36 6,000 4:15 24,000 -785
36,000 11 3.87 3,96,000 0.87 21,811 1,982.83 6,000 4:11 24,000 2,189
42,000 14 4.93 5,88,000 1.29 32,386 2,313.30 6,000 3:7 36,000 3,614
48,000 8 2.82 3,84,000 0.85 21,150 2,643.77 6,000 1:2 24,000 2,850
54,000 4 1.41 2,16,000 0.48 11,897 2,974.24 6,000 1:2 12,000 103
60,000 14 4.93 8,40,000 1.85 46,266 3,304.72 6,000 4:7 48,000 1,734
66,000 4 1.41 2,64,000 0.58 14,541 3,635.19 6,000 3:4 18,000 3,459
72,000 11 3.87 7,92,000 1.74 43,622 3,965.66 6,000 8:11 48,000 4,378
78,000 3 1.06 2,34,000 0.52 12,888 4,296.13 6,000 1:1 18,000 5,112
84,000 4 1.41 3,36,000 0.74 18,506 4,626.60 6,000 3:4 18,000 -506
90,000 12 4.23 10,80,000 2.38 59,485 4,957.07 6,000 5:6 60,000 515
1,02,000 4 1.41 4,08,000 0.90 22,472 5,618.02 6,000 1:1 24,000 1,528
1,08,000 4 1.41 4,32,000 0.95 23,794 5,948.49 6,000 1:1 24,000 206
1,14,000 14 4.93 15,96,000 3.51 87,905 6,278.96 6,000 1:1 84,000 -3,905
1,20,000 3 1.06 3,60,000 0.79 19,828 6,609.43 6,000 1:1 18,000 -1,828
1,26,000 6 2.11 7,56,000 1.66 41,639 6,939.90 6,000 1:1 36,000 -5,639
1,32,000 3 1.06 3,96,000 0.87 21,811 7,270.37 6,000 1:1 18,000 -3,811
1,38,000 4 1.41 5,52,000 1.22 30,403 7,600.85 6,000 1:1 24,000 -6,403
1,44,000 4 1.41 5,76,000 1.27 31,725 7,931.32 6,000 1:1 24,000 -7,725
1,50,000 2 0.70 3,00,000 0.66 16,524 8,261.79 6,000 1:1 12,000 -4,524
1,50,000 6,000 1:2 6,000 6,000
1,62,000 2 0.70 3,24,000 0.71 17,845 8,922.73 12,000 1:1 24,000 6,155
1,68,000 1 0.35 1,68,000 0.37 9,253 9,253.20 12,000 1:1 12,000 2,747
1,80,000 6 2.11 10,80,000 2.38 59,485 9,914.15 12,000 5:6 60,000 515
1,86,000 1 0.35 1,86,000 0.41 10,245 10,244.62 12,000 1:1 12,000 1,755
1,92,000 2 0.70 3,84,000 0.85 21,150 10,575.09 12,000 1:1 24,000 2,850
1,98,000 2 0.70 3,96,000 0.87 21,811 10,905.56 12,000 1:1 24,000 2,189
2,04,000 2 0.70 4,08,000 0.90 22,472 11,236.03 12,000 1:1 24,000 1,528
2,10,000 3 1.06 6,30,000 1.39 34,700 11,566.50 12,000 1:1 36,000 1,300
2,16,000 1 0.35 2,16,000 0.48 11,897 11,896.98 12,000 1:1 12,000 103
2,22,000 3 1.06 6,66,000 1.47 36,682 12,227.45 12,000 1:1 36,000 -682
2,28,000 5 1.76 11,40,000 2.51 62,790 12,557.92 12,000 1:1 60,000 -2,790
2,40,000 4 1.41 9,60,000 2.11 52,875 13,218.86 12,000 1:1 48,000 -4,875
2,52,000 1 0.35 2,52,000 0.55 13,880 13,879.80 12,000 1:1 12,000 -1,880
2,58,000 1 0.35 2,58,000 0.57 14,210 14,210.28 12,000 1:1 12,000 -2,210
2,70,000 1 0.35 2,70,000 0.59 14,871 14,871.22 12,000 1:1 12,000 -2,871
2,94,000 2 0.70 5,88,000 1.29 32,386 16,193.11 18,000 1:1 36,000 3,614
3,00,000 2 0.70 6,00,000 1.32 33,047 16,523.58 18,000 1:1 36,000 2,953
3,18,000 2 0.70 6,36,000 1.40 35,030 17,514.99 18,000 1:1 36,000 970
3,60,000 1 0.35 3,60,000 0.79 19,828 19,828.29 18,000 1:1 18,000 -1,828
4,38,000 1 0.35 4,38,000 0.96 24,124 24,124.42 24,000 1:1 24,000 -124
4,50,000 5 1.76 22,50,000 4.95 1,23,927 24,785.37 24,000 1:1 1,20,000 -3,927
4,56,000 1 0.35 4,56,000 1.00 25,116 25,115.84 24,000 1:1 24,000 -1,116
4,92,000 1 0.35 4,92,000 1.08 27,099 27,098.67 30,000 1:1 30,000 2,901
5,40,000 1 0.35 5,40,000 1.19 29,742 29,742.44 30,000 1:1 30,000 258
5,46,000 1 0.35 5,46,000 1.20 30,073 30,072.91 30,000 1:1 30,000 -73
5,70,000 1 0.35 5,70,000 1.25 31,395 31,394.80 30,000 1:1 30,000 -1,395
6,60,000 1 0.35 6,60,000 1.45 36,352 36,351.87 36,000 1:1 36,000 -352
7,32,000 2 0.70 14,64,000 3.22 80,635 40,317.53 42,000 1:1 84,000 3,365
7,80,000 1 0.35 7,80,000 1.72 42,961 42,961.30 42,000 1:1 42,000 -961
8,16,000 1 0.35 8,16,000 1.80 44,944 44,944.13 42,000 1:1 42,000 -2,944
9,06,000 2 0.70 18,12,000 3.99 99,802 49,901.20 48,000 1:1 96,000 -3,802
9,12,000 1 0.35 9,12,000 2.01 50,232 50,231.67 48,000 1:1 48,000 -2,232
9,36,000 1 0.35 9,36,000 2.06 51,554 51,553.56 54,000 1:1 54,000 2,446
10,98,000 1 0.35 10,98,000 2.42 60,476 60,476.29 60,000 1:1 60,000 -476
45,42,000 1 0.35 45,42,000 10.00 2,50,167 2,50,166.95 2,52,000 1:1 2,52,000 1,833
54,54,000 1 0.35 54,54,000 12.01 3,00,403 3,00,398.63 3,00,000 1:1 3,00,000 -403
Total 284 100.00 4,54,26,000 100 25,02,000 25,02,000 0

The Board of Directors of the Company at its meeting held on November 10,2016 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 authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before November 15,2016. Further, the instructions to SCSBs has been issued on November 11,2016 for unblocking of funds. 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. 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 NSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before November 16,2016 subject to receipt of listing and trading approvals from NSE.
INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai - 400 072.
Tel: +91 22 40430200; Fax: +91 22 28475207; Email: ipo@bigshareonline.com
Website: www.bigshareonline.com; Investor Grievance Id: investor@bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No: INR000001385

Date: November 14,2016

Place: Indore, Madhya Pradesh

For AGRO PHOS INDIA LIMITED
On behalf of the Board of Directors
Sd/-
Raj Kumar Gupta
Chairman & Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF AGRO PHOS INDIA LIMITED.
Note:
All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Agro Phos India IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Agro Phos India IPO?

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

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

    Visit the Agro Phos India IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Agro Phos India IPO allotment process?

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

Comments

   I Like It. | Report Abuse








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App