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Dynamic Services & Security IPO Basis of Allotment

Dynamic Services & Security IPO Details

IPO Open Sep 30, 2021
IPO Close Oct 5, 2021
IPO Price ₹51
Face Value ₹10
IPO Size ₹24.13 Cr
Listing At NSE SME
Lot Size 2000
Open an Instant Account with Zerodha
wpe64.jpg (2055 bytes) DYNAMIC SERVICES & SECURITY LIMITED

Our Company was originally incorporated as a Private Limited Company "Dynamic Services & Security Private Limited'' on November 22, 2016 under the provisions of the Companies Act, 2013 bearing Corporate Identification Number U74999WB2016PTC218387 issued by the Registrar of Companies, Kolkata, West Bengal. Subsequently our company was converted into Public Limited Company and the name of our Company was changed to "Dynamic Services & Security Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated July 13, 2020 bearing Corporate Identification Number U74999WB2016PLC218387 issued by the Registrar of Companies, Kolkata, West Bengal. For further details of change in name and registered office of our Company, please refer to section titled "Our History and Certain Corporate Matters" beginning on page no 76 of the Prospectus.

Registered office: 375, Dakshindari Road, Kolkata - 700048, West Bengal, India.
Contact Person: Ms. Sushma Kumari Agarwal, Company Secretary & Compliance Officer; Tel No.: 033-4008 7463
E-Mail ID: cs@dynamicservicesandsecurity.com Website: www.dynamicservicesandsecurity.com CIN: U74999WB2016PLC218387
OUR PROMOTERS: (I) Mr. JUGAL KISHORE BHAGAT, (II) Mrs. REKH A BHAGAT AND (III) Mrs. REKHADEVI BHAGAT
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 47,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF DYNAMIC SERVICES & SERVICES & SECURITY LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS.2413.32 LAKHS ("THE ISSUE"), OF WHICH 2,38,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, AGGREGATING TO RS. 121.38 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 44,94,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, AGGREGATING TO RS. 2291.94 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 35.00% AND 33.24% RESPECTIV ELY OF THE POST ISSUE PAID UP EQUITY SH ARE CAPITAL OF THE COMPANY.

THIS OFFER IS BEING MADE IN TERMS OF CHAPTER IX OF THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIRMENT) REGULATIONS, 2018 (THE "SEBI ICDR REGULATIONS") READ WITH RULE 19(2)(b)(i) OF SCRR AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018. (For further details please see "The Issue" beginning on page no. 29 of the Prospectus.)

THE FACE VALLE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 51/- EACH.
THE ISSUE PRICE IS 5.1 TIMES OF THE FACE VALUE.
ISSUE PROGRAMME: ISSUE OPENED ON: SEPTEMBER 30, 2021 and CLOSED ON: OCTOBER 05, 2021,
PROPOSED DATE OF LISTING: OC TOBER 13, 2021*.

The Equity Shares offered through Prospectus arc proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). Our Company has received in-principal approval letter dated September 24, 2021 from NSE for using its name in this offer document for listing of our shares on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE"). The trading is proposed to be commenced on or about October 13, 2021*.

* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

The Issue was subscribed to an extent of 1.99 times i.e., Gross Subscription of Rs. 480318000/- for 9418000 equity shares were based on the bid file received from NSE on the day after closure of the Issue received as against Rs. 241332000/- for4732000 equity shares. (Including subscription by Market Makers to the Issue). The Issue was subscribed to an extent of 1.40 times (after technical rejection and bids not banked), i.e. Net Subscription of Rs. 338130000/- for 6630000 equity shares after eliminating technically rejected and bid not banked applications.

Summary of the Valid Applications Received:

Sr. No Category Gross Application Less: Rejections Valid Allotment
No. of Application Equity- Share No. of Application Equity Share No. of Application Equity Share No. of Application Equity Share
1 Retail Individual Applicants 1,045 20,90,000 24 48,000 1,021 20,42,000 1,021 20,42,000
2 Non-Retail Applicants 43 43,50,000 - - 43 43,50,000 43 24,52,000
3 Market Maker 1 2,38,000 - - 1 2,38,000 1 2,38,000
Total 1,089 66,78,000 24 48,000 1,065 66,30,000 1,065 47,32,000

Allocation: The Basis or Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on October 08, 2021

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 238000 Equity shares.

Sr. No Category No. of Applications Received %of Total Total No. of Equity Shares Applied % of Total No. of Equity Shares Allotted per Bidder Ratio No. of Successful Applicants Total No. of Equity Shares Allotted
1 2,38,000 1 100 2,38,000 100 2,38,000 01:01 1 2,38,000
Total 1 100 2,38,000 100 1 238,000

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 51/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.91 times i.e. for 2042000 Equity Shares. Total number of shares allotted in this category is 2042000 Equity Shares to 1021 successful applicants.

Sr. No Category- No. of Applications Received %of Total Total No. of Equity- Shares Applied %of Total No. of Equity- Shares Allotted per Bidder Ratio No. of Successful Applicants Total No. of Equity- Shares Allotted
1 2,000 1021 100 20,42,000 100 2,000 1:1 1021 20,42,000
Total 1021 100 20,42,000 100 1021 20,42,000

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 of Rs. 51/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.09 times i.e. for 4350000 shares. Total number of shares allotted in this category is 2452000 Equity Shares to 43 successful applicants.

The category wise details of the Basis of Allotment are as under:

Sr. No Category No. of Applications Received % of Total Total No. of Equity Shares Applied %of Total No. of Equity Shares Allotted per Bidder Ratio No. of Succesful Applicants Total No. of Equity Shares Allotted
1 4,000 7 16.28 28,000 0.64 2,000 1:1 7 14,000
2,000 1:7 1 2,000
2 6,000 3 6.98 18,000 0.41 2,000 1:1 3 6,000
2,000 2:3 2 4,000
3 8,000 2 4.65 16,000 0.37 4,000 1:1 2 8,000
4 10,000 2 4.65 20,000 0.46 6,000 1:1 2 12,660
5 18,000 2 4.65 36,000 10,000 1:1 2 20,000
6 20,000 6 13.94 1,20,000 2.76 10,000 1:1 6 60,000
2,000 4:6 4 8,000
7 22,000 1 2.33 0.50 12,000 1:1 1 12,000
8 24,000 1 2.33 24,000 0.55 14,000 1:1 1 14,000
9 30,000 5 11.63 1,50,000 3.45 16,000 1:1 5 80,000
2,000 2:5 2 4,000
10 40,000 1 2.33 40,000 0.92 22,000 1:1 1 22,000
11 48,000 2 4.65 96,000 2.21 26,000 1:1 2 52,000
2,000 1:2 1 2,000
12 80,000 1 2.33 80,000 1.84 46,000 1:1 1 46,000
13 1,42,000 1 2.33 1,42,000 3.26 80,000 1:1 1 80,000
14 2,26,000 1 2.33 2,26,000 5.20 1,28,000 1:1 1 1,28,000
15 3,92,000 6 13.94 23,52,000 54.07 2,20,000 1:1 6 13,20,000
2,000 3:6 3 6,000
16 4,90,000 2 4.65 9,80,000 22.53 2,76,000 1:1 2 5,52,000
Total 43 100.00 43,50,000 100.00 43 24,52,000

The Board of Directors of the company at its meeting held on October 09, 2021 has approved the Basis of Allotment of Equity shares as approved by the Designated stock Exchange viz. National Stock Exchange of India Limited and at a meeting held on October 09, 2021 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated September 24, 2021 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to October 11, 2021. Further, the CAN-cum- Refund advices and allotment advice and/or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before October 12, 2021. In case the same is not received within 10 days, investors may contact 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 the NSE EMERGE 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 meanings assigned to them in the Prospectus dated September 24, 2021 ("Prospectus").

INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, CAMEO CORPORATE SERVICES LIMITED at http://cambridge.cameoindia.com/Module/IPO_Status.aspx. 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:

wpe6A.jpg (2578 bytes) CAMEO CORPORATE SERVICES LIMITED
"Subramanian Building", #1, Club House Road, Chennai - 600 002, India
Tel: +91-44-40020700,28460390 Email/ Investor Grievance E-mail: investor@cameoindia.com Website: www.cameoindia.com
Contact Person: Mr. R.D. Ramasamy, Director SEBI Registration No: INR000003753 CIN No: U67120TN1998PLC041613
For DYNAMIC SERVICES & SECURITY LIMITED
On behalf of the Board of Directors
Place: Kolkata Sd/-
Date: October 09, 2021 Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF DYNAMIC SERVICES & SECURITY LIMITED



Dynamic Services & Security IPO Basis of Allotment FAQs

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

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

Visit the Dynamic Services & Security 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 Dynamic Services & Security IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).