Cantabil IPO Details

Issue Open Sep 22, 2010
Issue Close Sep 27, 2010
IPO Price ₹135
Face Value ₹10
IPO Size ₹105.00 Cr
Listing At BSE, NSE
IPO Lot Size 50

CANTABIL RETAIL INDIA LIMITED

Our Company was originally incorporated as Kapish Sales Private Limited on Febmary 09,1989 under the Companies Act, 1956 with the Registrar of Companies NCT Delhi & Haryana. The name of the Company was subsequently changed to Kapish Products Private Limited pursuant to a fresh Certificate of Incorporation dated May 15,1995. The name of our Company was subsequently changed to Cantabil Retail India Private Limited pursuant to a fresh Certificate of Incorporation dated March 05,2009. Subsequently our Company was converted into public limited company and received fresh Certificate of Incorporation dated August 26,2009 in the name of Cantabil Retail India Limited. The Corporate Identification Number of our Company is U74899DL1989PLC034995. For details of changes in Registered Office of our Company, please see the Section "History and Certain Corporate Matters" on page 69 of the Prospectus.
Registered Office: B-47,1st Floor, Lawrence Road Industrial Area, New Delhi-110035, Tel.: +91 11 2715 6381-82 .Telefax: +91 11 2715 6383, Promoters: Mr. Vijay Bansal and Mr. Deepak Bansal, Compliance Officer: Ms. Rekha Grover, Company Secretary & Head - Legal,
Website: www.cantabilinternational.com, Email:investors@cantabilinternational.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 7,777,778 EQUITY SHARES OF Rs. 10 EACH OF CANTABIL RETAIL INDIA LIMITED ("CANTABIL" OR "THE COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 135 PER EQUITY SHARE ("ISSUE PRICE") INCLUDING SHARE PREMIUM OF RS. 125 PER EQUITY SHARE AGGREGATING TO RS. 1,050 MILLION (THE "ISSUE"). THE ISSUE CONSTITUTED 47.64% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
BID OPENED ON SEPTEMBER 22,2010, CLOSED ON SEPTEMBER 27,2010
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH. THE ISSUE PRICE IS Rs. 135 PER EQUITY SHARE AND IT IS 13.5 TIMES OF THE FACE VALUE

The Issue has been made through the 100% Book Building Process wherein atleast 50% of the Issue is to be allocated to QIBs on a proportionate basis. 5% of the QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only. The remaining QIB Portion has been available for allotment on a proportionate basis to Qualified Institutional Buyers including Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue was available to Non-Institutional Bidders and not less than 35% of the Issue was available to Retail Individual Bidders on a proportionate basis, subject to valid bids being received from them at or above the Issue Price. Under subscription, if any, in Retail and Non-Institutional Category was to be met with spill-over from other categories or a combination of categories. Such inter-se spill over, has been affected in accordance with applicable laws, regulations and guidelines. Any Bidder could participate in this Issue through the ASBA process by providing the details of their respective bank accounts in which the corresponding Bid amounts will be blocked by SCSBs. All Bidders, other than ASBA Bidders were required to submit their Bids through the members of Syndicate or their sub-syndicate members. ASBA Bidders are required to submit their Bids to the SCSBs.

The issue received 21,128 applications (after cheque return cases) for 15,432,500 equity shares resulting in 1.984 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Bidders categories are as under: (Before technical rejections and with drawls)

Category No. of
Applications
No. of
Shares
No. of
Times Subscription
Qualified Institutional Buyers 17 7,048,550 1.812
Non Institutional Investors 122 1,652,700 1.416
Retail Individual Investors 20,989 6,731,250 2.472
Total 21,128 15,432,500 1.984

1138 applications for 1,416,350 Equity Shares were not found valid due to technical rejections, with drawls and non-bidding.

Final Demand: A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:

Bid
Price
No. of
Shares
% to
Total
Cumulative
Total
Cumulative %
to Total
127 120,500 0.6203 19424600 100.000
128 1,250 0.0064 19304100 99.380
129 1,050 0.0054 19302850 99.373
130 36,850 0.1897 19301800 99.368
131 800 0.0041 19264950 99.178
132 2,800 0.0144 19264150 99.174
133 3,100 0.0160 19261350 99.160
134 1,050 0.0054 19258250 99.144
135 12,912,250 66.4737 19257200 99.138
CutOff 6,344,950 32.6645 6344950 32.665
TOTAL 19,424,600 100.0000 - -

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE') on October 8,2010

A. Allocation to Retail Individual Investors (AfterTechnical Rejections) including ASBA Applications
The Basis of Allocation to the Retail Individual Investors, who have bid at cut off and the Issue Price of Rs. 135/- per Equity Share, was finalized in consultation with BSE. The category was oversubscribed 2.178 times. The total number of shares allotted in this category is 2,915,800 Equity Shares to 16,371 applicants including spill over from Non Institutional Category (193,578 Equity Shares). The category-wise details of the Basis of Allocation are as under:

Category No. of Appl % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of Shares Allocated
50 6080 30.5850 304000 4.7877 50 17:37 139750
100 2729 13.7281 272900 4.2979 50 45:49 125300
150 1031 5.1864 154650 2.4356 69 1:1 71139
200 1117 5.6190 223400 3.5184 92 1:1 102764
250 482 2.4247 120500 1.8978 115 1:1 55430
300 469 2.3593 140700 2.2159 138 1:1 64722
350 625 3.1440 218750 3.4451 161 1:1 100625
400 422 2.1228 168800 2.6585 184 1:1 77648
450 115 0.5785 51750 0.8150 207 1:1 23805
500 286 1.4387 143000 2.2521 230 1:1 65780
550 39 0.1962 21450 0.3378 253 1:1 9867
600 76 0.3823 45600 0.7182 276 1:1 20976
650 31 0.1559 20150 0.3173 298 1:1 9238
700 6377 32.0791 4463900 70.3026 321 1:1 2047017
Additional 1 3:11 1739

B. Allocation to Non Institutional Investors (After Technical Rejections) Including ASBA Applications
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 135/- per Equity Share, was finalized In consultation with BSE. The category was subscribed to the extent of 0.597 times and hence allotment was done on full and final basis to all valid applicants. Overall 95 applicants for 6,96,550 Equity Shares were found valid and they were considered for allotment on full and firm basis. The unsubscribed portion of Non Institutional Category was allocated to QIB Category (276,539 Equity Shares) and Retail Category (193,578 Equity Shares).

C. Allocation to QIBs Including ASBA Appllcations
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (208,271 Equity Shares to 4 successful applicants) including spill over from Non Institutional Category (13,827 Equity Shares) and other QIBs were allotted the remaining available shares (3,957,157 Equity Shares to 16 successful applicants) including spill over from Non Institutional Category (262,712 Equity Shares) on proportionate basis

Flls Banks MFs VCs Total
1,270,639 1,939,170 955,619 - 4,165,428

The Board of Directors of the company at its Meeting held on October 9,2010 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and notices will be dispatched to the address of the bidders as registered with the depositories on or prior to October 11, 2010. Further the Instructions to SCSBs have been dispatched on October 9,2010. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful bidders are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

Commencement of Trading: The Company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within twelve working days from the date of closure of the offer.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Financial & Computer Services (P) Limited at www.beetalfinancial.com. All future correspondence In this regard may kindly be addressed to the Registrar to the issue quoting full name of the First/ Sole bidder, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and place where the bid was submitted and payment details at the address given below:

Beetal Financial & Computer Services (P) Limited
SEBI Regn. No: INR 000000262
Beetal House, 3rd Floor, 99 Madangir,
Behind Local Shopping Centre,New Delhi -110 062
Tel.: +91 11 2996 1281, Fax: +91 11 2996 1284
Email: cantabil@beetalfinancial.com

Place: New Delhi
Date: October 9,2010
For Cantabil Retail India Limited
Sd/-
Rekha Grover
Company Secretary & Compliance Officer

Cantabil IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Cantabil IPO?

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

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

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

  3. 3. What is Cantabil IPO allotment process?

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