Amrapali Fincap IPO Details

Issue Open Jul 20, 2015
Issue Close Jul 22, 2015
IPO Price ₹120
Face Value ₹10
IPO Size ₹42.48 Cr
Listing At BSE SME
IPO Lot Size 1200

(This is only an advertisenent for information purpose and not a prospectus announcement.)

AMRAPALI FINCAP

AMRAPALI FINCAP LIMITED

Our Company was originally incorporated as 'Akshar Entrtainment Private Limited' at Ahmadabad on November 04, 2004 with the registrar of Companies, Gujrat, Dadra & Nagar Haveli. The name of our company was changed to 'Amrapali Fincap Private Limited' on February 16, 2010. Subsequently our company was converted in to public limited company and name of our company was changed to Amrapali Fincap Limited on may   06, 2015 vide fresh certificate of incorporation. For further details in relation to the change in the name of our company and change in Registered office, please refer to the section titled 'History and Certain Corporate matters' begining on page 71 of the prospectus. The Corporate Identification number of our Company is U74999GJ2004PLC044988.

Registerd Office: 19/02/21, Narayan Chambers , 3rd Floor, B/h Patang Hotel, Ashram Road, Ahmedabad - 380009
Tel No:
+91-79-26575105-06, 26581329; Fax No: +91-79-26584313, Email: afpl@amrapali.com
Website:
www.amrapali.co.in

PUBLIC ISSUE OF 35,40,000 EQUITY SHARE OF FACE VALUE RS 10/- EACH OF AMRAPALI FINCAP LIMITED ('AFL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 120/- PER SHARE, (THE 'ISSUE PRICE'), INCLUDING A SHARE PREMIUM OF RS. 110 PER EQUITY SHARE AGGREGATING TO RS. 4248.00 LACS ('THE ISSUE') OF WHICH 1,77,600 EQUITY OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THAN MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 33,62,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT APRICE OF RS.120 AGGREGATING TO RS. 4034.88 LACs IS HEREINAFTER REFFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.34% AND 25.02%, rESPECTIVELY OF THE POST ISSUE PAID UP EQUITY CAPITAL OF THE COMPANY.

In terms of Prospectus dated 14 july, 2015 and as per Regulations 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimu of 50% of the net offer to Public shall be intially made available for allotment 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. b) other investors icluding 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. 120/- EACH. THE ISSUE PRICE IS 12 {TWELVE) TIMES OF THE FAC E VALUE. ISSUE OPENED ON 20TH JULY, 2015 AND CLOSED ON 22ND JULY, 2015.

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 July 13,2015 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated slock 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').

The Issue has received 987 applications for 39,67,200 Equity Shares {Including Market Maker Application of 1,77,600 Equity Shares) resulting 1.1207 time Subscription. The details Of the applications received in the Issue {before technical rejections) are as follows:

Details of the valid Applications Received (Before Technical Rejection & withdrawal of application but after cheque return):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
SUBSCRIPTION
Market Makers 1 177600 1.00
Other than Retail Individual Investor's 21 2631600 1.565
Retail Individual Investor's 965 1158000 0.689
TOTAL 987 3967200 1.121

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
Market Makers -
Other than Retail Individual investor's 4 3,81,600
Retail Individual Investor's 23 27,600
TOTAL 27 4,09,200

Detail of the Application & Received (After Technical Rejection & withdrawl):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
SUBSCRIPTION
Market Makers 1 1,77,600 1.00
Other than Retail Individual Investor's 17 22,50,000 1.3363
Retail Individual Investor's 942 11,30,400 0.6724
TOTAL 960 35,58,000 1.0051

ALLOCATlON: The Basis of Allotment was finalized in consultalion with the Designated Stock Exchange - BSE Limited on 31 st July 2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 120/- per Equity Share, was finalised in consultation with BSE Limited, The category was subscribed by 1.00 time The total number of shares allotted in this category is.1,77,600 Equity shares in full out of reserved portion of 1,77,600 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. 120/- per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 0.6724 times. Total number af shares allotted in this category is 11,30,400;

No. Of Shares
(Applied for
Category wise)
No.Of
Applications
received
% of
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)

1200 942 100 1130400 100 1130400 1200 1200 1:1 1130400 0
Total 942 100 1130400 100 1130400 1200 1200 1:1 1130400 0

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. 120/- per Equity Share, was finalized in consultation with BSE Limited, The category was subscribed by 1.3333 times. Total number of shares allotted in this calegory is 22,32,000 including unsubscribed portion of 5,50,800 Equity Shares of Retail Individual Investors. The category wise basis of allotment is as under.

No. Of Shares
(Applied for
Category wise)
No.Of
Applications
received
% of
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)

2400 1 5.88 2400 0.11 2381 2380.80 2400 1:1 2400 19
8400 5 29.42 42000 1.87 41664 8332.80 8400 1:1 42000 336
21600 1 5.88 21600 0.96 21427 21427.20 21600 1:1 21600 173
33600 1 5.88 33600 1.49 33331 33331.20 33600 1:1 33600 269
50400 3 17.66 151200 6.72 149990 49996.80 49200 1:1 147600 -2390
1:3 1200 1200
84000 1 5.88 84000 3.73 83323 83326.00 82800 1:1 82800 -528
199200 1 5.88 199200 3.85 197606 197606.40 198000 1:1 198000 394
300000 1 5.88 300000 13.33 297600 297600.00 297600 1:1 297600 0
333600 1 5.88 333600 14.83 330931 330931.20 331200 1:1 331200 269
499200 1 5.88 499200 22.19 495207 495206.40 495600 1:1 495600 393
583200 1 5.88 583200 25.02 578535 578534.40 578400 1:1 578400 -135
Total 17 100 2250000 100.00 2232000 2232000 0

The Board of Directors of the Company at its meeting held on 3rd August 2015 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 allotmenl of the Equity Shares in dematerialized form 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 4th August, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on 3rd, August, 2015. 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 wiih 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 5th August, 2015 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, Satellite Corporate Services Pvt. Ltd at www.satellitecorporate.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:

SATELLITE CORPORATE SERVICES PVT LIMITED
B-302  Sony Apartment, Opp St Jude High School, 90 Ft Road, Jarimari. Sakinaka, Mumbai - 40Q072. Tel No.: +91-22-28520461/2;
Fax No.: +91 -22-28511309, CIN: U65990MH1994PTC077057. website: www.satellitecorporate.com; E-mai ID: service@satellitecorporate.com;
sme.ipo@satellitecorporate.com
SEBI REGN NO: INR000003639; Contact person: Mr. Michael Monteiro.

Place : Ahmedabad
Date: 3rd August, 2015
For AMRAPALI FINCAP LIMITED
Sd/-
Hasmukh Thakkar - Managing Director
DIN :00071065

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 AMRAPALI FINCAP LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Amrapali Fincap IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Amrapali Fincap IPO?

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

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

    Visit the Amrapali Fincap IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Amrapali Fincap IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Amrapali Fincap 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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