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Encash Entertainment IPO Details

Issue Open Sep 9, 2014
Issue Close Sep 15, 2014
IPO Price ₹40
Face Value ₹10
IPO Size ₹4.39 Cr
Listing At BSE SME
IPO Lot Size 3000

ENCASH ENTERTAINMENT LIMITED

Our Company was originally incorporated in Kolkata as 'Brindavan Suppliers Private Limited' On 28th March. 2008, under the Companies Act 1956 vide certificate of incorporation issued by the Registrar of Companies, West Bengal. Subsequently on 21th March, 2011 the name of our company was changed to 'Encash Entertainment Private Limited'. Our Company was converted in to a public limited company and consequently the name was changed to 'Encash Entertainment Limited' vide fresh certificate of incorporation dated 29th July. 2013 issued by the Registrar of Companies, Kolkata, West Bengal. 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 78 of the Prospectus.

Registered office: 9. Lal Bazar Street, 3rd Floor, Mercantile Building, Kolkata -700001.
Tel: 91-33- 40053913; E-Mail: encash_entertainment@outlook.com; Website: www.encashentertainment.com
Contact Person & Compliance Officer: Ms. Hardika Pancholi. Company Secretary & Compliance Officer:

PROMOTERS OF THE COMPANY: MR. SACHET SARAF, MRS. RASHMl SARAF & M/S. ENCASH SECURITIES LIMITED.

PUBLIC ISSUE OF 10,98,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ENCASH ENTERTAINMENT LIMITED ('EEL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 40/- PER SHARE (T'HE 'ISSUE PRlCE'), AGGREGATING TO RS. 439.20 LACS ('THE ISSUE'), OF WHICH, 60.000 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 10,38,000 EQUITY SHARES OF RS, 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'  THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.18% AND 26.64%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 4th August, 2014 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 oe allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 40 EACH. THE ISSUE PRICE IS 4.00 (FOUR) TIMES OF THE FACE VALUE. ISSUE OPENED ON 9th SEPTEMBER, 2014 AND CLOSED ON 15th SEPTEMBER, 2014.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms at the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an principle approval of the shares being offered In this issue. However Company has received an approval letter dated 14th July, 2014 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 proving 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 482 applications for 18,18,000 Equity Shares (Including Market Maker Application of 60,000 Equity Shares) resulting 1.656 times subscnption. After considering, cheque return cases of 20 application of 60,000 Equity Shares, the Issue was subscribed 1.601 times. The details of the applications received in the fesue (before technical rejections) are as follows:

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 60000 1.00
Other than Retail Individual Investors 53 474000 0.913
Retail Individual Investor's 408 1224000 2.358
TOTAL 462 1758000 1.601

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 Investors NIL NIL
Retail Individual Investor's 9 27000
TOTAL 9 27000

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER Of
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 60000 1.00
Other than Retail Individual Investor's 53 474000 0.913
Retail individual Investor's 399 1197000 2.306
TOTAL 453 1731000 1.577

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 25th September, 2014.

A. Allocationto Non retail Investors (After Technical Rejections & Withdraws): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- 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 60,000 Equity sheres in full out of reserved portion of 60,000 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. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.306 times.Total number of shares allotted in  this category is 7,44,000 Equity Shares. 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 appled Total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Delicti)
3000 399 100 1197000 100 744000 3000 31:50 744000 -
TOTAL 399 100 1197000 100 744000 3000 744000 *

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non Retail I Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.913 times. Total number of shares allotted in this category is 2,94,000 Equity Shares. The category wise basis of allotment is as under.

No, of Shares Applied for (Category wise) No. of Application % 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 Allotees
to the Applicants
Total No. of Equity Shares allotted Surplus/ (Deficit)
6000 37 69.81 222000 46.84 137696.20 3721.52 3000 FIRM 111000 (26696)
3000 FIRM 27000 27000
9000 6 11.32 54000 11.39 33493.67 5582.23 6000 FIRM 36000 2506
15000 7 13.21 105000 22.15 65126.58 9303.60 9000 FIRM 63000 (2127}
27000 1 1.89 27000 5.70 16746.84 16746.84 18000 FIRM 18000 1253
30000 1 1.89 30000 6 33 18607.59 18607.59 18000 FIRW 16000 (608)
36000 1 1.89 36000 7.59 22329.11 22329.11 21000 FIRM 21000 (1329)
TOTAL 53 100 474000 100 294000 294000 Nil

The Board of Directors of the Company at its meeting held on 25th September, 2014 has taken on record the Basis al 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 me address of the Applicants as registered with the depositories / as filled in the application form on or before 26th September. 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 26th September, 2014. 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 benificiary accounts subiect 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 29th September, 2014 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, C B Management Services Private Limited at www.cbmsl.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:

CB MANAGEMNT SERVICES PRIVATE LIMITED
P-22, Bondel Road, Kolkata - 700019
Tel:  +91 33 4011 6700,2280 6692/93/94/2486; Fax: +91 33 2287 0263
Email: rta@cbmsl.com; Website: www.cbmsl.com
Contact Person; Mr. P Basu
SEBI Registration No.: INR0000033324

Place : Kolkata
Date : 25.09.2014
For ENCASH ENTERTAINMENT LIMITED
On behalf of the Board of Directors
Sd/-
MR. SACHET SARAF
Managing Director

Encash Entertainment IPO Basis of Allotment FAQs

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

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

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