Alacrity Securities IPO Details

Issue Open Jul 29, 2013
Issue Close Aug 1, 2013
IPO Price ₹15
Face Value ₹10
IPO Size ₹9.00 Cr
Listing At BSE SME
IPO Lot Size 8000

ALACRITY SECURITIES LIMITED

Our Company was originally incorporated in Mumbai as a Private Limited Company under the name and style of 'Alacrity Securities Private Limited' on December 20,1994 under the previsions of the Companies Act, 1956 as amended from time to time (the 'Companies Act') vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. The Company became a Deemed Public Company w.e.f July 1, 1999 under the erstwhile provisions of Section 43-A (1 A) of the Companies Act, 1956. However, the Companies (Amendment) Act, 2000 deleted the provisions of Section 43A and the Management decided to retain the status of the Company as Public Limited and passed a resolution to this effect on 30' June, 2001. Consequently, the name of our Company was changed from 'Alacrity Securities Private Limited' to 'Alacrity Securities Limited'. For further details in relation to the changes to the name of our Company, please refer to the section titled 'Our History and Corporate Structure' beginning on page 70 of the Prospectus.

Registered Office & Corporate Office: 101,1st Floor, Hari Dharshan, B Wing, Bhogilal Fadia Road, Kandivali (West), Mumbai - 400 067; Tel:+91-22-28073882, Fax: +91-22-28073967, Email: alacritysec@gmail.com;
Website: www.alacritysec.com
Contact Person & Compliance Officer: Ms. Nimrta Jain, Company Secretary & Compliance Officer
PROMOTERS OF THE COMPANY: MS. POOJA HEMANSHU MEHTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 60,00,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ALACRITY SECURITIES LIMITED ('ASL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 15/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 900.00 LACS ('THE ISSUE'), OF WHICH, 4,00,000 EQUITY SHARES OF RS. 10 EACH RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 56,00,000 EQUITY SHARES OF RS. 10 EACH IS REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE CONSTITUTE 28.57% AND 26.67%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 22nd July, 2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. 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.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 15 EACH. THE ISSUE PRICE IS 1.5 (ONE & HALF) TIMES OF THE FACE VALUE. ISSUE OPENED ON 29TH JULY, 2013 AND CLOSED ON 1st AUGUST, 2013.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 19th July, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.

All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 358 applications for 78,64,000 Equity Shares (Including Market Maker Application of 4,00,000 Equity Shares) resulting 1.311 times subscription. After considering, cheque return cases of 2 applications of 16,000 Equity Shares, the Issue was subscribed 1.308 times. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 400000 1.00
Other than Retail Individual Investor's 93 5352000 1.91
Retail Individual Investor's 262 2096000 0.75
TOTAL 356 7848000 1.31

The details of applications rejected by the Registrar on technical grounds (Including withdrawals) are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's 5 656000
Retail Individual Investor's 19 152000
TOTAL 24 808000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 400000 1.00
Other than Retail Individual Investor's 88 4696000 1.68
Retail Individual Investor's 243 1944000 0.69
TOTAL 332 7040000 1.17

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 8th August, 2013.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 15/- 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 4,00,000 Equity shares in full out of reserved portion of 4,00,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.151- per Equity Share, was finalized in consultation with BSE

No. of Shares Applied for (Category wise) No. Of Applications % to total Total No. of Equity Shares applied % of total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
8000 243 100 1944000 100 1944000 8000 FIRM 1944000 -
TOTAL 243 100 1944000 100 1944000 8000 FIRM 1944000 -

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.68 times. Total number of shares allotted in this category is 37,36,000 Equity Shares including additional 80,000 Equity Shares for the purpose of rounding off to the nearest multiple of 8,000 Equity Shares (Lot Size) and spill over of 8,56,000 Equity Shares from retail category. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications % to total Total No. of Equity Shares applied % of 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)
16000 20 22.73 320000 6.81 249131 12456.56 16000 FIRM 320000 70869
24000 6 6.82 144000 3.07 112109 18684.84 16000 FIRM 96000 (16109)
32000 24 27.27 768000 16.35 597915 24913.12 24000 FIRM 576000 (21915)
40000 7 7.95 280000 5.96 217990 31141.40 32000 FIRM 224000 6010
48000 3 3.41 144000 3.07 112109 37369.68 40000 FIRM 120000 7891
72000 1 1.14 72000 1.53 56055 56054.51 56000 FIRM 56000 (55)
80000 20 22.73 1600000 34.07 1245656 62282.79 64000 FIRM 1280000 34344
96000 3 3.41 288000 6.13 224217 74739.35 72000 FIRM 216000 (8217)
160000 2 2.27 320000 6.81 249131 124565.59 128000 FIRM 256000 6869
360000 1 1.14 360000 7.67 280273 280272.57 280000 FIRM 280000 (273)
400000 1 1.14 400000 8.52 311414 311413.97 312000 FIRM 312000 586
TOTAL 88 100 4696000 100 3656000 3736000 80000

The Board of Directors of the Company at its meeting held on 9th August, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates 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 / as filled in the application form on or before 12th August, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 12th August, 2013. In case the same is not received within 10 days, investors may contact at the address given below. 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 Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 16th August, 2013 subject to receipt of listing and trading approvals from BSE Limited.

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 the 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
E/2, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072
Tel: +91 022 4043 0200, Fax: +91 022 2847 5207
Website: www.bigshareonline.com; E-mail: ipo@bigshareonline.com

Place : Mumbai
Date  : 09-08-2013

For Alacrity Securities Limited
Sd/-
Hiten Mehta
Whole-time Director

Alacrity Securities IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Alacrity Securities IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Alacrity Securities 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 Alacrity Securities IPO basis of allotment status?

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

    Visit the Alacrity Securities IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Alacrity Securities IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Alacrity Securities 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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