Aryaman Capital IPO Details

Issue Open Sep 25, 2014
Issue Close Oct 1, 2014
IPO Price ₹12
Face Value ₹10
IPO Size ₹4.31 Cr
Listing At BSE SME
IPO Lot Size

ARYAMAN CAPITAL MARKETS LIMITED

Our Company was incorporated as Aryaman Broking Limited on July 22,2008 under the Companies Act, 1956 bearing Registration No. 184939 and having its Registered Office in Mumbai. Subsequently, vide special resolution dated December 19, 2013 the name of the company was changed to Aryaman Capital Markets Ltd. A fresh Certificate of Incorporation consequent upon change of name was issued on January 27, 2014 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U65999MH2008PLC184939. For details, see "History and Certain Corporate Matters" on page 106 of this Prospectus.

Registered Office: 60, Khatau Building, Gr. Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai-400001
Corporate Office: 718-A, RJ. Towers, Dalai Street, Fort, Mumbai - 400001, Tel No.: +91 22 22721104; Fax No.: +91 22 22630434
Email: aryacapm@gmail.com; Website: www.afsl.co.in/Acml
Company Secretary and Compliance Officer: Mr. Malcolm Mascarenhas; CIN: U65999MH2008PLC184939

PROMOTER OF THE COMPANY - ARYAMAN FINANCIAL SERVICES LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 35,90,000 EQUITY SHARES QF RS.10/- EACH ("EQUITY SHARES") OF ARYAMAN CAPITAL MARKETS LIMITED ("ACML" QR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.12/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS.430.80 LACS ("THE ISSUE"), OF WHICH, 1,90,000 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 THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 34,00,000 EQUITY SHARES OF RS.10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.97% AND 28.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 34,00,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES QR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

THE FACE VALUE OF OUR EQUITY SHARES IS RS.10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS.12/- EACH AND THE ISSUE

PRICE IS 1.20 TIMES OF THE FACE VALUE. ISSUE OPENED ON SEPTEMBER 25,2014 AND CLOSED ON OCTOBER 01, 2014.

The Equity Shares of the Company 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, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated September 04, 2014 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE.
BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before October 20, 2014.*

* Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Offer 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 Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer 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. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue 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 117 applications for 39,20,000 Equity Shares resulting in 1.15 times subscription. The details of the applications received in the Net Issue (before and after technical rejections) are as follows:

Detail of the Applications Received

Category

Before Technical Rejection After Technical Rejection
No. Of Applications No. Of Equity Shares No. Of Applications No. Of Equity Shares
Retail Individual Applicant 92 9,20,000 91 9,10,000
Nan - Retail Applicant 25 30,00,000 25 30,00,000
Total 117 39,20,000 116 39,10,000

Note: The Issue also include 1,90,000 Equity Shares reserved for Market Maker, which was fully subscribed and there were no Technical Rejections.

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 7,90,000 Equity Shares in Retail Category & over subscription 13,00,000 Equity Shares in Non - Retail Category (excluding the shares applied by market maker). The unsubscribed portion of Retail Category i.e 7,90,000 Equity Share has been added to the Non-Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 13,2014,

A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.12/- 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 1,90,000 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 Allotees to Applicant Total No. of Shares Alloted
1,90,000 1 100.00 1,90,000 100.00 1,90,000 1:1 1,90,000
Total 1 100.00 1,90,000 100.00 1,90,000

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 12/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 9,10,000 Equity Shares. The category was subscribed by 0.54 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 Allotees
to Applicant
Total No. of Shares
Alloted
10,000 91 100.00 9,10,000 100.00 10,000 1:1 9,10,000
Total 91 100.00 9,10,000 100.00 9,10,000

C) Allocation to Non - Retail Category (Alter Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs.12/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 24,90,000 Equity Shares including unsubscribed portion of Retail Category. The category was subscribed by 1.20 times (including original reservation of 17,00,000 shares and spill over from Retail Individual Investors Category of 7,90,000 shares.) The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise) No. of Application Received %to Total Total No. of Shares Applied in Each Category %lo Total Allocation per Applicant Ratio of Allotees to Applicant Total No. of Shares Alloted
40,000 1 4.00 40,000 1.33 30,000 1:1 30,000
50,000 1 4.00 50,000 1.67 40,000 1:1 40,000
70,000 1 4.00 70,000 2.33 60,000 1:1 60,000
80,000 15 60.00 12,00,000 40.00 60,000 1:1 9,00,000
80,000 (Lottery System - Serial No. of Qualifying Applicants is 1,2,4, 5,6, 7, 9, 10,11,12,14) 10,000 11:15 1,10,000
90,000 1 4.00 90,000 3.00 70,000 1:1 70,000
1,00,000 3 12.00 3,00,000 10.00 80,000 1:1 2,40,000
1,40,000 1 4.00 1,40,000 4.67 1,20,000 1:1 1,20,000
5,50,000 1 4.00 5,50,000 18.33 4,60,000 1:1 4,60,000
5,60,000 1 4.00 5,60,000 18.67 4,60,000 1:1 4,60,000
Total 25 100.00 30,00,000 100.00 24,90,000

The Board of Directors of the Company at its meeting held on October 14,2014 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Advices and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. The instructions to Self Certified Syndicate Banks have been processed on or before October 16,2014. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allotted to successful applicants have been 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 12 working days from the Closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 12,2014 ("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: http://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
Contact Person:
Mr. Babu Raphael C
E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072, Maharashtra, India
Tel: +91 - 22 - 40430200; Fax: +91 - 22 - 28475207
Investor Grievance Email: investor@bigshareonline.com; Website: http://www.bigshareonline.com

Place: Mumbai
Date: October 16,2014
For ARYAMAN CAPITAL MARKETS LIMITED
On behalf of Board of Directors
Sd/-
Executive Director

Aryaman Capital IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Aryaman Capital IPO?

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

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

    Visit the Aryaman Capital IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Aryaman Capital IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Aryaman Capital 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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