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Dangee Dums IPO Details

Issue Open Aug 20, 2018
Issue Close Aug 24, 2018
IPO Price ₹74
Face Value ₹10
IPO Size ₹20.07 Cr
Listing At NSE SME
IPO Lot Size 1600
DANGEE DUMS LIMITED
Corporate Identification Number: CIN - U55101GJ2010PLC061983

Our Company was originally incorporated on August 13, 2010 as "Aromen Hospitality Private Limited" vide Registration no. 061983 (CIN: U55101GJ2010PTC061983) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further, the name of the Company was changed to "Dangee Dums Private Limited" vide Shareholder's Resolution passed at the Extra Ordinary General Meeting of the Company held on 19th June, 2017 and a fresh Certificate of Incorporation dated 30th June, 2017 issued by the Registrar of Companies, Gujarat, Ahmedabad pursuant to change in name of our Company. Later, our Company was converted into Public Limited Company and consequently name of company was changed from "Dangee Dums Private Limited" to "Dangee Dums Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on 01st August, 2017 and a fresh certificate of incorporation dated 24th August, 2017 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 196 of the Prospectus.

Registered Office: 4/A, Ketan Society, Nr. Sardar Patel Colony, Naranpura, Ahmedabad - 380 014, Gujarat, India.
Tel No: 079-27681878 | E-mail: cs@dangeedums.com| Website: www.dangeedums.com
Contact Person: Mr. Shyamsunder Panchal (Company Secretary & Compliance officer)
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 27,12,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH OF DANGEE DUMS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 74 PER EQUITY SHARE ("ISSUE PRICE") AGGREGATING TO Rs. 2006.88 LAKHS ("THE ISSUE"), OF WHICH 1,36,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR A CASH PRICE OF Rs. 74 PER EQUITY SHARE. AGGREGATING TO Rs. 100.64 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 25,76,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT AN ISSUE PRICE OF Rs. 74 PER EQUITY SHARE AGGREGATING TO Rs. 1906.24 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.42 % AND 25.09 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 371 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBIICDR REGULATIONS"), 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 381 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND
THE ISSUE PRICE IS Rs. 74. THE ISSUE PRICE IS 7.4 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: MONDAY AUGUST 20, 2018; ISSUE CLOSED ON: FRIDAY AUGUST 24, 2018
PROPOSED LISTING: MONDAY, SEPTEMBER 03, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of NSE ("NSE EMERGE Platform"). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended, we are required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-principle approval letter dated July 31, 2018 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE. For the purpose of this Issue, the Designated Stock Exchange will be the NSE. The Trading is proposed to be commenced from Monday, September 03, 2018, subject to receipt of listing and trading approvals from the National Stock Exchange of India 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 19,190 applications for 16, 17, 61,600 equity shares resulting in 59.65 times subscription (including reserved portion of Market maker). The details of applications received in the issue (before technical rejections) are as follows:

Category No. of Applicants % No. of Equity Shares % Subscription (Times)
Market Maker 1   1,36,000 0.08 1.00
Retail Individual Investors 18,811   13,00,97,600 18.61 23.37
Other than retail individual Investors 378 1.97 13,15,28,000 81.31 102.12
Total 19,190 100.00 16,17,61,600 100.00 59.65

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

Category No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 211 3,37,600
Other than retail individual Investors Nil Nil
TOTAL 211 3,37,600

After eliminating technically rejected applications, the following table gives us category wise net valid applications:

Category No. of applicants Issue Size No. of valid shares applied % of Total Applied Subscription (times)
Market Maker 1 1,36,000 1,36,000 0.08 1.00
Retail Individual Investors 18,600 12,88,000 2,97,60,000 18.44 23.11
Other than retail individual Investors 378 12,88,000 13,15,28,000 81.48 102.12
Total 18,979 27,12,000 16,14,24,000 100.00 59.52

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on August 29, 2018

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 74 per Equity Share, was finalized consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,36,000 Equity Shares.
No. of shares applied for (Category wise) No. of Applications received % To Total Total No. of Equity 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 Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of Successful Applicant (after rounding off) Total No. of Shares Allocated/ Allotted No. of Shares Surplus/Deficit
1,36,000 1 100 1,36,000 100 1,36,000 1,36,000 1,36,000 1 1 1 1,36,000 0
    
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 74 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 23.11 times. The total number of shares allotted in this category is 12,88,000 Equity Shares to 805 successful applicants.

The Ctre as under:

No. of shares applied for (Category wise) No. of Applications received % To Total Total No. of Equity 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 Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of Successful Applicant (after rounding off) Total No. of Shares Allocated/ Allotted No. of Shares Surplus/Deficit
1600 18,600 100 2,97,60,000 100 12,88,000 69.25 1600 8 185 805 12,88,000 0
 
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 74 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 102.12 times. The total number of shares allotted in this category is 12,88,000 Equity Shares to 143 successful applicants.

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 Equity 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 Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of Successful Applicant (after rounding off) Total No. of Shares Allocated/ Allotted No. of Shares Surplus/ Deficit
3200 29 7.67 92800 0.07 909 31.34 1600 1 29 1 1600 691
4800 13 3.44 62400 0.05 611 47 1600 0 0 0 0 -611
6400 42 11.11 268800 0.20 2632 2632 62.67 1600 1 2 3200 568
8000 26 6.88 208000 0.16 2037 78.35 1600 1 26 1 1600 -437
9600 18 4.76 172800 0.13 1692 94 1600 1 18 1 1600 -92
11200 5 1.32 56000 0.04 548 109.6 1600 0 0 0 0 -548
12800 12 3.17 153600 0.12 1504 125.33 1600 1 12 1 1600 96
14400 12 3.17 172800 0.13 1692 141 1600 1 12 1 1600 -92
16000 14 3.70 224000 0.17 2194 156.71 1600 1 14 1 1600 -594
17600 9 2.38 158400 0.12 1551 172.33 1600 1 9 1 1600 49
19200 4 1.06 76800 0.06 752 188 1600 1 4 1 1600 848
20800 2 0.53 41600 0.03 407 203.5 1600 0 0 0 0 -407
22400 3 0.79 67200 0.05 658 219.33 1600 1 3 1 1600 942
24000 3 0.79 72000 0.05 705 235 1600 1 3 1 1600 895
25600 7 1.85 179200 0.14 1755 250.71 1600 1 7 1 1600 -155
27200 12 3.17 326400 0.25 3196 266.33 1600 1 6 2 3200 4
30400 1 0.26 30400 0.02 298 298 1600 0 0 0 0 -298
32000 2 0.53 64000 0.05 627 313.5 1600 0 0 0 0 -627
33600 9 2.38 302400 0.23 2961 329 1600 2 9 2 3200 239
35200 4 1.06 140800 0.11 1379 344.75 1600 1 4 1 1600 221
40000 4 1.06 160000 0.12 1567 391.75 1600 1 4 1 1600 33
41600 1 0.26 41600 0.03 407 407 1600 0 0 0 0 -407
44800 2 0.53 89600 0.07 877 438.5 1600 1 2 1 1600 723
46400 1 0.26 46400 0.04 454 454 1600 0 0 0 0 -454
48000 1 0.26 48000 0.04 470 470 1600 0 0 0 0 -470
51200 2 0.53 102400 0.08 1003 501.5 1600 1 2 1 1600 597
52800 1 0.26 52800 0.04 517 517 1600 0 0 0 0 -517
56000 3 0.79 168000 0.13 1645 548.33 1600 1 3 1 1600 -45
60800 1 0.26 60800 0.05 595 595 1600 0 0 0 0 -595
64000 1 0.26 64000 0.05 627 627 1600 0 0 0 0 -627
65600 2 0.53 131200 0.10 1285 642.5 1600 1 2 1 1600 315
67200 8 2.12 537600 0.41 5264 658 1600 3 8 3 4800 -464
68800 1 0.26 68800 0.05 674 674 1600 1 1 1 1600 926
72000 1 0.26 72000 0.05 705 705 1600 1 1 1 1600 895
80000 2 0.53 160000 0.12 1567 783.5 1600 1 2 1 1600 33
100800 2 0.53 201600 0.15 1974 987 1600 1 2 1 1600 -374
107200 1 0.26 107200 0.08 1050 1050 1600 1 1 1 1600 550
112000 2 0.53 224000 0.17 2194 1097 1600 1 2 1 1600 -594
113600 1 0.26 113600 0.09 1112 1112 1600 1 1 1 1600 488
128000 1 0.26 128000 0.10 1253 1253 1600 1 1 1 1600 347
134400 15 3.97 2016000 1.53 19742 1316.13 1600 4 5 12 19200 -542
136000 4 1.06 544000 0.41 5327 1331.75 1600 3 4 3 4800 -527
144000 1 0.26 144000 0.11 1410 1410 1600 1 1 1 1600 190
150400 2 0.53 300800 0.23 2946 1473 1600 1 1 2 3200 254
160000 2 0.53 320000 0.24 3134 1567 1600 1 1 2 3200 66
182400 1 0.26 182400 0.14 1786 1786 1600 1 1 1 1600 -186
184000 1 0.26 184000 0.14 1802 1802 1600 1 1 1 1600 -202
195200 1 0.26 195200 0.15 1912 1912 1600 1 1 1 1600 -312
200000 1 0.26 200000 0.15 1959 1959 1600 1 1 1 1600 -359
201600 2 0.53 403200 0.31 3948 1974 1600 1 1 2 3200 -748
203200 1 0.26 203200 0.15 1990 1990 1600 1 1 1 1600 0.12
204800 1 0.26 204800 0.16 2006 2006 1600 1 1 1 1600 0.12
208000 1 0.26 208000 0.16 2037 2037 1600 1 1 1 1600 0.12
214400 1 0.26 214400 0.16 2100 2100 1600 1 1 1 1600 0.12
217600 1 0.26 217600 0.17 2131 2131 1600 1 1 1 1600 0.12
225600 1 0.26 225600 0.17 2209 2209 1600 1 1 1 1600 -609
252800 1 0.26 252800 0.19 2476 2476 3200 1 1 1 3200 724
262400 1 0.26 262400 0.20 2570 2570 3200 1 1 1 3200 630
265600 2 0.53 531200 0.40 5202 2601 1600 1 1 2 3200 -2002
268800 3 0.79 806400 0.61 7897 2632.33 1600 1 1 3 4800 0.37
289600 1 0.26 289600 0.22 2836 2836 3200 1 1 1 3200 364
292800 1 0.26 292800 0.22 2867 2867 3200 1 1 1 3200 333
294400 1 0.26 294400 0.22 2883 2883 3200 1 1 1 3200 317
296000 3 0.79 888000 0.68 8696 2898.67 3200 1 1 3 9600 904
299200 1 0.26 299200 0.23 2930 2930 3200 1 1 1 3200 270
337600 2 0.53 675200 0.51 6612 3306 3200 1 1 2 6400 -212
448000 1 0.26 448000 0.34 4387 4387 4800 1 1 1 4800 413
672000 1 0.26 672000 0.51 6581 6581 6400 1 1 1 6400 -180
673600 2 0.53 1347200 1.02 13193 6596.5 6400 1 1 2 12800 -392
675200 3 0.79 2025600 1.54 19836 6612 6400 1 1 3 19200 -636
676800 1 0.26 676800 0.51 6628 6628 6400 1 1 1 6400 -227
809600 1 0.26 809600 0.62 7928 7928 8000 1 1 1 8000 72
1080000 1 0.26 1080000 0.82 10576 10576 11200 1 1 1 11200 624
1286400 3 0.79 3859200 2.93 37792 12597.33 12800 1 1 3 38400 608
1348800 1 0.26 1348800 1.03 13208 13208 12800 1 1 1 12800 -408
1350400 11 2.91 14854400 11.29 145463 13223.91 12800 1 1 11 140800 -4663
1352000 1 0.26 1352000 1.03 13240 13240 12800 1 1 1 12800 -439
1476800 1 0.26 1476800 1.12 14462 14462 14400 1 1 1 14400 -62
2025600 1 0.26 2025600 1.54 19836 19836 19200 1 1 1 19200 -636
2161600 1 0.26 2161600 1.64 21168 21168 20800 1 1 1 20800 -368
2364800 4 1.06 9459200 7.19 92630 23157.5 22400 1 1 4 89600 -3030
2576000 28 7.41 72128000 54.84 706316 25225.71 24000 1 1 28 672000 -34320
Grand Total 378 100 131528000 100 1288000 - - - - 143 1288000 0

The Board of Directors of the Company at its meeting held on August 30, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India 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 of the Applicants as registered with the depositories on or before August 30, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to August 30, 2018. In case the same is not received within ten days, investors may contact Registrar 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 with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on NSE EMERGE Platform within six 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 August 09, 2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. BIGSHARE SERVICES PRIVATE LIMITED at 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 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:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai -400059. India.
Tel. No.: 022 - 62638200 | Website: www.bigshareonline.com | Email: ipo@bigshareonline.com
Dangee Dums Limited
For & on behalf of Board
Sd/-
Place: Ahmedabad Nikul Jagdishchandra Patel
Date : August 30, 2018 Managing Director

Dangee Dums IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Dangee Dums IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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

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

Check the basis of allotment document above to know about how the shares are allocated in Dangee Dums IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).