Edynamics Solutions IPO Basis of Allotment

Edynamics Solutions IPO Details

Issue Open Jun 10, 2013
Issue Close Jun 12, 2013
IPO Price ₹25
Face Value ₹10
IPO Size ₹15.60 Cr
Listing At BSE SME
IPO Lot Size 6000

EDYNAMICS SOLUTIONS LIMITED

Our Company was originally incorporated in New Delhi as "Edynamics Solutions Private Limited" on 12th July, 2000 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi.
Our Company was converted in to a public limited company and consequently name was changed to "Edynamics Solutions Limited" vide fresh certificate of incorporation dated 21st March, 2013 issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. For further details in relation to the changes to the name of our Company, please refer to the section titled "Our History and Corporate Structure" beginning on page 74 of the Prospectus.

Registered Office & Corporate Office: Shop No. 6, West Guru Anand Nagar, 0pp. DDA Building, Laxmi Nagar,
Delhi-110092; Tel: 91 -11 -32971727, Fax: 91 -11 -32971727;
Email: edynamicssolutions@yahoo.com; Website: www.edynamicssolutions.com;
Contact Person & Compliance Officer: Ms. Eti Vashist, Company Secretary & Compliance Officer;

PROMOTERS OF THE COMPANY: MS. ANITA GUPTA & MR. VIKAS SAINI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 62,40,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF EDYNAMICS SOLUTIONS LIMITED ("EDSL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 25/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1560.00 LACS ("THE ISSUE"), OF WHICH, 3,24,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 59,16,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.79% AND 27.30%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 30th May, 2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to shall be initially made available 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 no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.

Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 25 EACH. THE ISSUE PRICE IS 2.5 (TWO & HALF) TIMES OF THE FACE VALUE. ISSUE OPENED ON 10TH JUNE, 2013 AND CLOSED ON 12TH JUNE, 2013.

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 from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 29th May, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.

All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 856 applications for 80,46,000 Equity Shares (Including Market Maker Application of 3,24,000 Equity Shares) resulting 1.29 times subscription. After considering, cheque return cases of 16 applications of 1,08,000 Equity Shares, the Issue was subscribed 1.27 times. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
SUBSCRIPTION
Market Makers 1 324000 1.00
Other than Retail Individual Investor's 123 3318000 1.12
Retail Individual Investor's 716 4296000 1.45
TOTAL 840 7938000 1.27

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's 7 108000
Retail Individual Investor's 25 150000
TOTAL 32 258000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 324000 1.00
Other than Retail Individual Investor's 116 3210000 1.09
Retail Individual Investor's 691 4146000 1.40
TOTAL 808 7680000 1.23

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 21 st June, 2013.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,24,000 Equity shares in full out of reserved portion of 3,24,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.40 times. Total number of shares allotted in this category is 33,36,000 Equity Shares including 1,615 additional Equity Shares for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications % to total Total No. of Equity Shares applied % of total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
6000 691 100 4146000 100 3334385 6000 70:87 3336000 1615
TOTAL 691 100 4146000 100 3334385 6000 - 3336000 1615

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.09 times. Total number of shares allotted in this category is 25,98,000 Equity Shares including additional 16,385 Equity Shares for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:

No. of Shares Applied for (Category
wise)
No.Of Applications % to total Total No.of Equity Shares applied % of total Proportionate Shares Available Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
12000 44 37.93 528000 16.45 424639.48 9650.90 12000 FIRM 528000 103360.52
18000 24 20.69 432000 13.46 347432.30 14476.35 12000 FIRM 288000 (59432.30)
24000 23 19.83 552000 17.20 443941.27 19301.79 18000 FIRM 414000 (29941.27)
30000 7 6.03 210000 6.54 168890.70 24127.24 24000 FIRM 168000 (890.70)
36000 2 1.72 72000 2.24 57905.38 28952.69 30000 FIRM 60000 2094.62
42000 3 2.59 126000 3.93 101334.42 33778.14 36000 FIRM 108000 6665.58
48000 2 1.72 96000 2.99 77207.18 38603.59 36000 FIRM 72000 (5207.18)
60000 6 5.17 360000 11.21 289526.92 48254.49 48000 FIRM 288000 (1526.92)
78000 1 0.86 78000 2.43 62730.83 62730.83 60000 FIRM 60000 (2730.83)
102000 1 0.86 102000 3.18 82032.63 82032.63 84000 FIRM 84000 1967.37
162000 1 0.86 162000 5.05 130287.11 130287.11 132000 FIRM 132000 1712.89
204000 1 0.86 204000 6.36 164065.25 164065.25 162000 FIRM 162000 (2065.25)
288000 1 0.86 288000 8.97 231621.53 231621.53 234000 FIRM 234000 2378.47
TOTAL 116 100 3210000 100 2581615 2598000 16385

The Board of Directors of the Company at its meeting held on 22nd June, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 24th June, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 24th June, 2013. 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 SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 26th June, 2013 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Cameo Corporate Services Limited at www.cameoindia.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:

CAMEO CORPORATE SERVICES LTD
Subramanian Building, 1 Club House Road, Chennai 600 002.
Tel No.: +91-44-2846 0390(5 Lines); Fax No.: +91-44-2846 0129
website: www.cameoindia.com; E-mail ID: investor@cameoindia.com

Place : Delhi
Date : 22.06.2013
For Edynamics Solutions Limited
Sd/-
Eti Vashist
Company Secretary

Edynamics Solutions IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Edynamics Solutions IPO?

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

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

    Visit the Edynamics Solutions IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Edynamics Solutions IPO allotment process?

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

Comments

   I Like It. | Report Abuse








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App