Dhabriya Polywood IPO Details

Issue Open Sep 29, 2014
Issue Close Oct 7, 2014
IPO Price ₹15
Face Value ₹10
IPO Size ₹3.30 Cr
Listing At BSE SME
IPO Lot Size 8000

DHABRIYA POLYWOOD LIMITED
(Formerly known as Dhabriya Agglomerates Limited)

Our Company was originally incorporated on October 20, 1992, as "Dhabriya Agglomerates Private Limited" under the provisions of the Companies Act, 1956 with Registrar of Companies, Rajasthan, Jaipur. Pursuant to Shareholders Resolution passed at the Annual General Meeting of the Company held on August 14, 2014, our Company was converted into a public limited company and the name of our Company was changed to "Dhabriya Agglomerates Limited" pursuant to a fresh Certificate of Incorporation dated August 21, 2014 issued by Registrar of Companies, Rajasthan, Jaipur. The name of our Company was changed to "Dhabriya Polywood Limited" from "Dhabriya Agglomerates Limited" pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on August 22, 2014 and a fresh Certificate of Incorporation dated August 28, 2014 was issued by the Registrar of Companies, Rajasthan, Jaipur. For details of the changes in our Name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 131 of the Prospectus.

Registered Office: B-9D(1), Malviya Industrial Area, Jaipur-302017, Rajasthan, India Tel. No.: +91-141-4057171; Fax No.: +91-141-2750814;
E-mail: cs@polywood.org; Website: www.polywood.org
Contact Person: Mr. Sparsh Jain (Company Secretary & Compliance officer); CIN: U29305RJ1992PLC007003
PROMOTER OF OUR COMPANY: MR. DIGVIJAY DHABRIYA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 22,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF DHABRIYA POLYWOOD LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 15.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 5.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 330.00 LAKHS ("THE ISSUE"), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH, AGGREGATING TO RS 18.00 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 20,80,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 15.00 PER EQUITY SHARE AGGREGATING TO RS 312.00 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.83% AND 25.36%, 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 268 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 275 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 15.00. THE ISSUE PRICE IS 1.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON MONDAY, SEPTEMBER 29, 2014. ISSUE CLOSED ON TUESDAY, OCTOBER 07, 2014

PROPOSED LISTING: OCTOBER 17, 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 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 September 23, 2014 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commm,ence with effect from October 17, 2014*

*Subject to receipt of listing and trading approvals from 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 applications for 36,08,000 Equity Shares (after cheque returns) resulting in 1.64 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:

Detail of the Applications Received (Before Technical Rejection and after cheque returns)

Category No. of
Applications
% No. of
Equity Shares
% Subscription
Market Maker 1 0.41 1,20,000 3.33 1.00
Retail Individual Applicant 234 95.12 18,72,000 51.88 1.80
Other than Retail Individual Applicant 11 4.47 16,16,000 44.79 1.55
Total 246 100.00 36,08,000 100.00 1.64

The details of applications rejected by the Registrar to the Issue on technical grounds/withdrawal are detailed below:

Category

No. of
Applications
No. of
Equity Shares
Market Maker 0 0
Retail Individual Applicant 6 48,000
Other than Retail Individual Applicant 0 0
Total 6 48,000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

Category No. of
Applications
% Reserved Portion
(as per Prospectus)
No. of Valid
Shares applied
% to
Total Applied
Subscription
(Times)
Market Maker 1 100.00 1,20,000 1,20,000 100.00 1.00
Total 1 100.00 1,20,000 1,20,000 100.00 1.00
Category No. of Applications % Reserved Portion
(as per Prospectus)
Proportionate Issue Size (After rounding off) No. of Valid Shares applied % to Total Applied Subscription (Times)
Retail Individual Applicant 228 95.40 10,40,000 11,04,000 18,24.000 53.02 1.65
Other than Retail Individual Applicant 11 4.60 10,40,000 9,76,000 16,16,000 46.98 1.65
Total 239 100 20,80,000 20,80,000 34,40,000 100.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 14, 2014.

A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.15.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,20,000 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. 15.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.65 times i.e. for 18,24,000 Equity Shares. The total number of shares allotted in this category is 11,04,000 Equity Shares to 138 successful applicants.

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in This Category % to Total Allocation per Applicant Ratio of Allotees to Applicant Number of Successful Applicant After Rounding Total No. of Shares Alloted
8,000 228 100.00 18,24,000 100.00 8,000 23:28 138 11,04,000
Total 228 100.00 18,24,000 100.00 - - 138 11,04,000

C) Allocation to Non - Retail Category (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 15.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.65 times i.e. for 16,16,000 Equity Shares. The total number of shares allotted in this category is 9,76,000 Equity Shares to 11 successful applicants.

No. of Shares Applied for (Category Wise) No. of Application Received % to Total Total No. of Shares Applied in This Category % to Total Allocation per Applicant Ratio of Allotees to Applicant Number of Successful Applicant After Rounding Total No. of Shares Alloted
16,000 2 18.18 32,000 1.98 8,000 1:1 2 16,000
32,000 1 9.09 32,000 1.98 16,000 1:1 1 16,000
40,000 1 9.09 40,000 2.48 24,000 1:1 1 24,000
64,000 1 9.09 64,000 3.96 40,000 1:1 1 40,000
80,000 2 18.18 1,60,000 9.9 48,000 1:1 2 96,000
2,64,000 1 9.09 2,64,000 16.34 1,60,000 1:1 1 1,60,000
3,28,000 1 9.09 3,28,000 20.3 2,00,000 1:1 1 2,00,000
3,44,000 1 9.09 3,44,000 21.29 2,08,000 1:1 1 2,08,000
3,52,000 1 9.09 3,52,000 21.78 2,16,000 1:1 1 2,16,000
Total 11 100 16,16,000 100 - - 11 9,76,000

Retail category has been given 1116 excess shares due to rounding off and the same has been reduced from the HNI category to the extent of excess shares alloted. The Board of Directors of the Company at its meeting held on October 14, 2014 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited 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. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being given by October 16, 2014. Incase the Refunds the same has been made through Direct credit /RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories. For other applicants 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 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 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 September 23, 2014 ("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
E-2, Ansa Industrial Estate, Sakhivihar Road, Sakinaka, Andheri (East), Mumbai - 400 072, Maharashtra, India
Tel. No.: + 91 - 22 - 40430200; Fax No.: + 91 - 22 - 28475201
Website: www.bigshareonline.com; Email: ipo@bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Regn. No.: MB/INR000001385

Place : Jaipur
Date : October 15, 2014
For DHABRIYA POLYWOOD LIMITED
On behalf of Board of Directors
Sd/-
Mr. Digvijay Dhabriya
Managing Director

Dhabriya Polywood IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Dhabriya Polywood IPO?

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

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

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

  3. 3. What is Dhabriya Polywood IPO allotment process?

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