Capacite Infra IPO Details

Issue Open Sep 13, 2017
Issue Close Sep 15, 2017
IPO Price ₹250
Face Value ₹10
IPO Size ₹400.00 Cr
Listing At BSE, NSE
IPO Lot Size 60

CAPACIT'E INFRAPROJECTS LIMITED

Our Company was originally incorporated as a private limited company at Mumbai under the name of "Capacit'e Infraprojects Private Limited" under the Companies Act, 1956 and received a certificate of incorporation dated August 9,2012, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, upon conversion from a private limited company to a public limited company, the name of our Company was changed to "Capacit'e Infraprojects Limited" and it received a fresh certificate of incorporation dated March 21, 2014 from the RoC.

Registered and Corporate Office: 605-607, Shrikant Chambers, Phase-1,6th Floor, Adjacent to R. K. Studios, Sion-Trombay Road, Mumbai 400 071, Maharashtra, India. Telephone: +91 (22) 7173 3717; Facsimile: +91 (22) 7173 3733

For details regarding changes to the name of our Company and address of the registered office of our Company, please see "History and Certain Corporate Matters" on page 151 of the Prospectus ("Prospectus")
Contact Person:
Ms. Sai Kedar Katkar, Company Secretary and Compliance Officer; Email: compliance@capacite.in; Website: www.capacite.in; Corporate Identity Number: U45400MH2012PLC234318

PROMOTERS OF OUR COMPANY: MR. ROHIT R. KATYAL, MR. RAHUL R. KATYAL AND MR. SUBIR MALHOTRA

BASIS OF ALLOTMENT

Our Company has filed the Prospectus with the Registrar of Companies, Maharashtra, located at Mumbai on September 19, 2017 and the Equity Shares are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on September 25, 2017.

INITIAL PUBLIC OFFERING OF 16,000,000 EQUITY SHARES OF FACE VALUE RS 10 EACH ("EQUIT YSHARES") OF CAPACIT'E INFRAPROJECTS LIMITED ("COMPANY") FOR CASH AT A PRICE OF RS 250 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 240 PER EQUITY SHARE, AGGREGATING TO RS 4,000 MILLION (THE "ISSUE"). THE ISSUE CONSTITUTES TO 23.57% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE ISSUE PRICE: RS 250 PER EQUITY SHARE
ANCHOR INVESTOR OFFER PRICE: RS 250 PER EQUITY SHARE
THE ISSUE PRICE IS 25 TIMES OF THE FACE VALUE

Risks to Investors:

i. The 3 BRLMs associated with the Issue have handled 28 public issues in the past three years out of which 9 issues closed below the issue price on listing date.
ii. Average cost of acquisition of Equity Shares for the Promoters ranges from Rs 2.69 to Rs 11.86 and Issue Price at upper end of the Price Band is Rs 250.
iii. Net Asset Value of the Issuer as on March 31, 2017 is Rs 74.24 on standalone basis and Rs 74.36 on consolidated basis as against highest NAV in the peer group of Rs 309.32 on standalone basis and Rs 309.75 on a consolidated basis as disclosed in Prospectus.

ISSUE PROGRAMME:
ISSUE OPENED ON SEPTEMBER 13, 2017 | ISSUE CLOSED ON SEPTEMBER 15, 2017
ANCHOR INVESTOR DATE : SEPTEMBER 12, 2017

In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957, as amended, read with Regulation 41 of the ICDR Regulations, the Issue was made through the Book Building Process, in reliance on Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Issue were available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIB Portion"). Our Company in consultation with the BRLMs, allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subjectto valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue was available for allocation to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accounts which was blocked by the Self Certified Syndicate Banks ("SCSBs"), to participate in the Issue. Anchor Investors were not permitted to participate in the Issue through theASBAprocess. For details, please see "Issue Procedure" on page 368 of the Prospectus. The Issue received 1,383,514 Applications for 2,084,926,080 Equity Shares (before technical rejections and after removing duplicate and multiple bids) resulting in 130.31 times subscription. The details of the Applications received in the Issue from various categories are as under (Before technical rejections):

Sr. No. Category No. of
Applications
No. of
Equity Shares
No. of
times Subscribed
Amount (Rs) Shares
Reserved
A Retail Individual Bidders 1,381,829 97,188,960 17.36 24,304,323,395.00 5,600,000
B Non Institutional Bidders 1,528 1,553,054,700 647.11 388,262,511,840.00 2,400,000
C Qualifies Institutional Bidders(Excluding Anchors) 132 428,674,260 133.96 107,168,565,000.00 3,200,000
D Anchor Investors 25 6,008,160 1.25 1,502,040,000.00 4,800,000
Total 1,383,514 2,084,926,080 130.31 521,237,440,235.00 16,000,000

Final Demand
A summary of the final demand as per the BSE and the NSE at different Bid prices is as under:

SLNO BID PRICE (Rs) BIDS QUANTITY (%) TO TOTAL Cumulative Total % Cumulative Total
1 245 429,000 0.02 429,000 0.02
2 246 46,500 0.00 475,500 0.02
3 247 96,120 0.00 571,620 0.03
4 248 165,960 0.01 737,580 0.04
5 249 117,480 0.01 855,060 0.04
6 250 2,012,302,440 95.87 2,013,157,500 95.91
7 CUTOFF 85,850,220 4.09 2,099,007,720 100.00
TOTAL 2,099,007,720 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on September 20,2017.

A. Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Issue Price of Rs 250 per Equity Share was finalized in consultation with BSE. This category has been subscribed to the extent of 16.955 times. The total number of Equity Shares Allotted in this category is 56,00,000 Equity Shares to 93,353 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received
% of
Total
Total No. of
Equity Shares
applied
% to Total No. of Equity
Shares Allotted per Applicant
Ratio Total No. of
Equity Shares
Allotted
60 1,286,039 95.12 77,162,340 81.26 60 113:1637 5,326,440
120 30,885 2.28 3,706,200 3.90 60 37:536 127,920
180 10,185 0.75 1,833,300 1.93 60 37:536 42,180
240 5,149 0.38 1,235,760 1.30 60 37:536 21,300
300 3,936 0.29 1,180,800 1.24 60 37:536 16,320
360 2,830 0.21 1,018,800 1.07 60 37:536 11,700
420 1,721 0.13 722,820 0.76 60 37:536 7,140
480 912 0.07 437,760 0.46 60 37:536 3,780
540 448 0.03 241,920 0.25 60 31:448 1,860
600 1,598 0.12 958,800 1.01 60 37:536 6,600
660 341 0.03 225,060 0.24 60 24:341 1,440
720 697 0.05 501,840 0.53 60 48:697 2,880
780 7,342 0.54 5,726,760 6.03 60 37:536 30,420

1 additions share is allotted to 20 allottees from categories120 to 780 in the ratio of 20:4559

1 20:4559 20
TOTAL 1,352,083 100.00 94,952,160 100.00 5,600,000

B. Allotment to Non Institutional Investors (After Technical Rejections) (sample)

The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Issue Price of Rs 250 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 646.2088 times. The total number of Equity Shares Allotted in this category is 24,00,000 Equity Shares to 752 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample):

Category No. of
Applications
Received
% of
Total
Total No. of
Equity Shares
applied
% to
Total
No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares
Allotted
840 290 19.53 243,600 0.02 60 3 :145 360
10,020 3 0.20 30,060 0.00 60 1 : 3 60
99,960 7 0.47 699,720 0.05 155 1 : 1 1,085
100,020 1 0.07 100,020 0.01 155 1 : 1 155
199,980 14 0.94 2,799,720 0.18 309 1 : 1 4,326
204,000 1 0.07 204,000 0.01 316 1 : 1 316
279,120 1 0.07 279,120 0.02 432 1 : 1 432
399,960 26 1.75 10,398,960 0.67 619 1 : 1 16,094
499,980 4 0.27 1,999,920 0.13 774 1 : 1 3,096
559,980 1 0.07 559,980 0.04 867 1 : 1 867
660,000 1 0.07 660,000 0.04 1,021 1 : 1 1,021
1,010,400 3 0.20 3,031,200 0.20 1,564 1 : 1 4,692
1,012,500 1 0.07 1,012,500 0.07 1,567 1 : 1 1,567
1,200,000 10 0.67 12,000,000 0.77 1,857 1 : 1 18,570
1,279,980 1 0.07 1,279,980 0.08 1,981 1 : 1 1,981
1,359,960 1 0.07 1,359,960 0.09 2,105 1 : 1 2,105
1,399,980 3 0.20 4,199,940 0.27 2,166 1 : 1 6,498
1,500,000 3 0.20 4,500,000 0.29 2,321 1 : 1 6,963
1,599,960 10 0.67 15,999,600 1.03 2,476 1 : 1 24,760
1,620,000 2 0.13 3,240,000 0.21 2,507 1 : 1 5,014
1,719,960 1 0.07 1,719,960 0.11 2,662 1 : 1 2,662
1,721,580 1 0.07 1,721,580 0.11 2,664 1 : 1 2,664
1,999,800 7 0.47 13,998,600 0.90 3,095 1 : 1 21,665
1,999,980 53 3.57 105,998,940 6.83 3,095 1 : 1 164,035
2,000,040 11 0.74 22,000,440 1.42 3,095 1 : 1 34,045
2,010,180 1 0.07 2,010,180 0.13 3,111 1 : 1 3,111
2,799,960 3 0.20 8,399,880 0.54 4,333 1 : 1 12,999
3,000,000 10 0.67 30,000,000 1.93 4,642 1 : 1 46,420
3,000,060 1 0.07 3,000,060 0.19 4,643 1 : 1 4,643
4,000,200 3 0.20 12,000,600 0.77 6,190 1 : 1 18,570
6,000,060 1 0.07 6,000,060 0.39 9,285 1 : 1 9,285
6,600,000 1 0.07 6,600,000 0.43 10,213 1 : 1 10,213
6,999,960 1 0.07 6,999,960 0.45 10,832 1 : 1 10,832
7,800,000 11 0.74 85,800,000 5.53 12,070 1 : 1 132,770
7,878,000 2 0.13 15,756,000 1.02 12,191 1 : 1 24,382
7,999,800 5 0.34 39,999,000 2.58 12,380 1 : 1 61,900
7,999,980 6 0.40 47,999,880 3.09 12,379 1 : 1 74,274
8,025,000 2 0.13 16,050,000 1.03 12,216 1 : 1 24,432
8,319,960 1 0.07 8,319,960 0.54 12,455 1 : 1 12,455
9,600,000 2 0.13 19,200,000 1.24 14,613 1 : 1 29,226
9,999,960 15 1.01 149,999,400 9.67 15,441 1 : 1 231,615
10,000,200 1 0.07 10,000,200 0.64 14,969 1 : 1 14,969
10,860,000 3 0.20 32,580,000 2.10 16,623 1 : 1 49,869
10,999,980 4 0.27 43,999,920 2.84 16,883 1 : 1 67,532
11.199.960 16 1.08 179,199,360 11.55 17,297 1 : 1 276,752

C. Allotment to QIBs (After Technical Rejections)
The Basis of Allotment to QIBs who have Bid at the Issue Price of Rs 250 per Equity Share has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 133.9607 times of the QIB Portion. As per the SEBI ICDR Regulations, Mutual Funds were Allocated 5% of the Equity Shares of QIB Portion available i.e. 160,000 Equity Shares and other QIBs, including Mutual Funds, were Allocated the remaining available 3,040,000 Equity Shares on proportionate basis. The total number of Equity Shares allotted in the QIB category is 32,00,000 Equity Shares, which were allotted to 132 successful Bidders. The category-wise details of the Basis of Allotment are as under:

Category Fls/Banks Flls IC MFs OTH Total
QIB 915,121 670,331 137,606 519,348 957,594 3,200,000

D. Allotment to Anchor Investors

Category MFs ICs FPI Total
Anchor 3.399.960 400,000 1000040 4.800.000

The Board of Directors of the Company at its meeting held on September 21,2017, has approved the Basis of Allotment of the Equity Share approved by the Designated Stock Exchange, being BSE and Allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-Refund Intimations are being dispatched to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks for unblocking of funds and transfer of monies to the Public Issue Account, as applicable have been issued on September 21,2017 and payment instructions to non-Syndicate brokers have been issued on September 22, 2017. The Equity Shares Allotted to the successful Applicants have been uploaded on September 21, 2017 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. In case the unblocking of funds or credit of shares is not received within six working days, investors may contact the Registrar to the Issue at the address given below. The Company has filed the Listing application with BSE and NSE on September 21,2017. The Company as received listing and trading Approvals form BSE and NSE on September 22,2017and the trading will commence on September 25,2017.

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

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at https://karisma.karvy.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, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500 032 Telangana, India.
Telephone: +91 (40) 6716 2222; Facsimile: +91 (40) 23431551; Email: einward.ris@karvy.com
Investor Grievance email: capacite.ipo@karvy.com; Website: https://karisma.karvy.com/
Contact Person: Mr. M. Murali Krishna; SEBI Registration No. INR000000221

CORRIGENDUM NOTICE TO INVESTORS

In the page 84 of the Red Herring Prospectus dated August 31,2017, the details under '3. Details of Equity Share Capital locked-in for one year' shall be read as following; "Except for (a) the Promoters' Contribution, which shall be locked-in as above, and (b) 1,084,741 shares held by Paragon shall be locked in till October 21,2017 and (c) 7,051,562 Equity Shares held by Paragon, which shall not be locked in, the entire pre-lssue capital of our Company shall be locked in for a period of one year from the date of Allotment as prescribed under the ICDR Regulations". The above has been updated in page 83 of Prospectus.

Place : Mumbai

Date : September 22,2017

For CAPACIT'E INFRAPROJECTS LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary 8t Compliance Officer

Capacite Infra IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Capacite Infra IPO?

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

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

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

  3. 3. What is Capacite Infra IPO allotment process?

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