Captain Pipes IPO Details

Issue Open Nov 26, 2014
Issue Close Dec 1, 2014
IPO Price ₹40
Face Value ₹10
IPO Size ₹4.40 Cr
Listing At BSE SME
IPO Lot Size 3000

CAPTAIN PIPES LIMITED

Corporate Identity Number:- U25191GJ2010PLC059094

Our Company was originally incorporated on January 05, 2010, as "Captain Pipes Private Limited" under the provisions of ths Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Annual General Meeting of the Company held on August 26, 2014 and the name of our Company was changed to "Captain Pipes Limited" pursuant to issuance of fresh Certificate of Incorporation dated September 23, 2014 issued by the Registrar of Companies, Gujarat, Ahmedabad. For details of the changes in our name and registered office,. please see section titled "History and Certain Corporate Matters"on page 104 of the Prospectus.

Registered Office & Works: Survey No. 257, Plot No. 23 to 28, N.H. 8-B, Shapar - Varaval, Rajkot - 360002, Gujarat, India.
Tel No.: +91 - 2827-252410, Fax No.:+91 -2827-253006; E-mail: compliance@captainpipes.com. Website: www.captainpipes.com
Contact Parson: Mr. Jeetkumar B. Raychura (Company Secretary & Compliance Officer)

PROMOTERS OF THE COMPANY; MR. RAMESH D.KHICHADIA, MR. GOPAL D. KHICHADIA AND CAPTAIN POLYPLAST LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,01,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH OF CAPTAIN PIPES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 30.00 PER EOUITY SHARE) ("ISSUE PRICE'') AGGREGATING TO RS. 440.40 LAKHS ("THE ISSUE"), OF WHICH 57,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH, AGGREGATING TO RS. 22.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 40.00 PER EQUITY SHARE AGGREGATING TO RS. 417.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.48% AND 25.10%, RESPECTIVELY OF THE POST ISSUE PAID UP EOUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 228 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 235 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 40.00 THE ISSUE PRICE IS 4 TIMES OF THE FACE VALUE.

ISSUE OPENED ON WEDNESDAY, NOVEMBER 26, 2014
ISSUE CLOSED ON MONDAY, DECEMBER 01, 2Q14

PROPOSED LISTING: DECEMBER 11, 2014

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, we are not required to abtain an in-principle listing approval for the shares being offered in the issue. However, our Company has received an in-principle approval letter dated November 10, 2014 from BSE for using its name in the offer document for lisling of our shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited. The tracing is proposed to be commenced with effect from December 11, 2014*.

'Subject to receipt of listing and trading approvals fom the BSE Limited.

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 Issue has received 536 applications for 20,01,000 Equity Shares resulting in 1.82 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections, and after cheque returns) are as follows:

Details of the Applications Received (Before Technical Rejection & After Cheque Return):

Category No. af Applicants % No. of Equity Shares % Subscription
(Times)
Market Maker 1 0.19 57,000 2.85 100
Retail Individual Investors 484 90.30 14,52,000 72.56 2.78
Other than Retail Individual Investors 51 9.51 4,92,000 24.59 0.94
Total 536 100.00 20,01,000 100.00 1.82

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

(Technical rejection)

Category No. of Applications Ho. of Equity Shares
Market Maker 0 0
Retail Individual Investors 7 21,000
Other than Retail Individual Investors 0 0
Total 7 21,000

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

Category No. of Applications % Issue Size (as per Prospectus) No. of Valid Shares Applied % fo Total Applied Subscription (Times)
Market Maker 1 100.00 57.000 57.000 - 100.00 1.00
Category No. of Applications % Issue Size (as per Prospectus) Proportionate Issue Size No. of Valid Shares applied % to Total Applied Subscription (Times)
Retail Individual Investors 477 90.34 5,22,000 7,77,000 14,31,000 74,41 1.84
Other than Retail Individual Investors 51 9.66 5,22,000 2,67,000 4,92,000 25.59 1.84
Total 528 100.00 10,44,000 10,44,000 19,23,000 100.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 08, 2014.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The tetal number of shares allotted in this category is 57,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 40.00 per Equity Share, was finalised in consultation with BSE, The category was subscribed by 1.84 times, The total number of shares allotted in this category is 7,77,000 Equity Shares to 259 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of stares applied for (Category wise} No. of applications received % To Total Total No. of shares applied in each category % To Total Proportionate shares available Allocation per Applicant (before rounding off) Allocation per Applicant (after rounding off) Ratio of allottees to appticams: RATIO 1 Ratio of allottees to appticams: RATIO 2 Number of successful applicant (after rounding off) Total no. of Shares Allocated/ allotted No. of Shares Surplus/ Deficit
3,000 477 100.00 14,31,000 100.00 7,77,000 1,628,93 3,000 19 35 259 7,77,000 0
Total 477 100.00 14,31,000 100.00 7,77,000 1,628.93 3,000 19 35 259 7,77,000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal):

The Basis of Allotment to Other than Retail Individual Investors, at the issue price ot Rs. 40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.84 times The total number of shares allotted in this category is 2,67,000 Equity Shares to 51 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of stares applied for (Category wise} No. of applications received % To Total Total No. of shares applied in each category % To Total Proportionate shares available Allocation per Applicant (before rounding off) Allocation per Applicant (after rounding off) Ratio of allottees to appticams: RATIO 1 Ratio of allottees to appticams: RATIO 2 Number of successful applicant (after rounding off) Total no. of Shares Allocated/ allotted No. of Shares Surplus/ Deficit
6,000 37 72.55 2,22,000 45.12 1,20,476 3,256.10 3,000 1 1 37 1,11,000 (9,476)
9,000 8 15.69 72,000 14.63 39,073 4,884.15 6,000 1 1 8 48,000 8,927
12,000 1 1.96 12,000 2.44 6,512 6,512.20 6,000 1 1 1 6,000 (512)
15,000 1 1.96 15,000 3.05 8,140 6,140.24 9,000 1 1 1 9,000 860
18,000 2 3.92 36,000 7.32 19,537 9,768.29 9,000 1 1 2 18,000 (1,537)
36,000 1 1.96 36,000 7.32 19.536 19,536.59 21,000 1 1 1 21,000 1,464
99,000 1 1.96 99,000 20.12 53.726 53,725.61 54,000 1 1 1 54,000 274
Total 51 100.00 4,92,000 100.00 2,67,108 51 2,67,000 0

The Board of Directors of the Company at its. meeting held on December 09, 2014 has taker, on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation are being dispatched to the address ot the Applicants as registered with the depositories on or before December 10, 2014. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to December 10, 2014. For other applicant Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact Registrar 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 Snares 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.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated November 12, 2014 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole apolicants, 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 ot the Registrar given below:

SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
13 AB, Samhita Warehousing Complex, 2nd Floor, Sakinaka Telephone Exchange Lane,
Off Andheri - Kurla Road, Sakinaka, Andheri (East), Mumbai - 400 072,
Tel. No.: +91 - 22 - 6191 5402/5400; Fax No.: +91 - 22 - 6191 5444, Website: www.shareproservices.com, Email: sme.ipo@shareproservices.com  Investor Grievance Email: lobo@shareproservices.com, Contact Person: Mr. Subhash Dhingreja, SEBI Regn. No.: INR000001476

Date : December 09, 2014

Place : Rajkot

For Captain Pipes Limited
On Behalf of the Board of Directors
Sd/-
Mr. Gopal D. Khichadia
Managing Director

Captain Pipes IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Captain Pipes IPO?

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

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

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

  3. 3. What is Captain Pipes IPO allotment process?

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