Esteem Bio IPO Details

Issue Open Jan 18, 2013
Issue Close Jan 22, 2013
IPO Price ₹25
Face Value ₹10
IPO Size ₹11.25 Cr
Listing At BSE SME
IPO Lot Size 6000

ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED

Our Company was originally incorporated in New Delhi as 'Esteem Constructions Private Limited' on 27th July, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. The name of the Company was changed to Esteem Bio Organic Food Processing Private Limited and a fresh certificate of incorporation consequent to the change of name was granted by the National Capital Territory of Delhi & Haryana on 15th December, 2008. Our Company was subsequently converted in to a public limited company and consequently name was changed to 'Esteem Bio Organic Food Processing Limited' vide fresh certificate of incorporation dated 28th January, 2009 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 72 of the Prospectus.

Registered Office & Corporate Office: 49, Gujrawala Town, Part-ll, New Delhi-110009;
Tel: 91-11-32961926, Fax: 91-11-32961926 E-Mail: irrfo@esteembioorganic.com; Website: www.esteembioorganic.com
Contact Person & Compliance Officer: Ms. Anshul Kumari, Company Secretary & Compliance Officer;
PROMOTERS OF THE COMPANY: BRIJ KISHORE SABHARWAL & AMAR SINGH BISHT

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 45,00,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED ('EBOFPL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 25/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 1125.00 LACS ('THE ISSUE'), OF WHICH, 7,50,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 37,50,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.20% AND 25.17%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 5th January, 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 18TH JANUARY, 2013 AND CLOSED ON 22ND JANUARY, 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 18th December, 2012 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 527 applications for 48,78,000 Equity Shares (Including Market Maker Application of 7,50,000 Equity Shares) resulting 1.08 times subscription. After considering, cheque return cases of 15 applications of 90,000 Equity Shares, the Issue was subscribed 1.06 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 SHARES
SUBSCRIPTION
Market Makers 1 750000 100
Other than Retail Individual Investor's 32 1164000 0.62
Retail Individual Investor's 479 2874000 153
TOTAL 512 4788000 1.06

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's Nil Nil
Retail Individual Investor's 29 174000
TOTAL 29 174000

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 750000 1.00
Other than Retail Individual Investor's 32 1164000 0.62
Retail Individual Investor's 450 2700000 1.44
TOTAL 483 4614000 1.03

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 1 st February, 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 7,50,000 Equity shares in full out of reserved portion of 7,50,000 Equity Shares.

B. Allocation to Retell 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 by1.44 times. Total number of shares allotted in this categoiy is 26,22,000 Equity Shares including additional 1658 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 Proportionate
Shares Avallable(to the nearest marketable lot)
Allocation
per Applicant (Before Rounding
Off)
Allocation
per Applicant
(After Rounding Off)
Ratio of Allottees
ToThe Applicants
Total No. of Equity Shares allotted Surplus / (Deficit) (nearest marketable lot)
6000 450 100 2700000 100 2620342 2622000 5826.67 6000 67:69 2622000 1658
TOTAL 450 100 2700000 100 2620342 2622000 5826.67 6000 - 2622000 1658

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 0.62 times. Total number of shares allotted in this category is 11,46,000 Equity Shares including additional 16,342 Equity Shares forthe purpose of rounding off to the nearest multiple of6,000 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 ToThe Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
12000 18 5625 216000 1856 20962726 1164556 12000 FIRM 216000 6372.74
18000 1 313 18000 155 17468.94 17468.94 18000 FIRM 18000 531.06
24000 4 1250 96000 825 93167.67 23291.92 24000 FIRM 96000 283233
30000 3 938 90000 7.73 87344.69 29114.90 30000 FIRM 90000 265531
42000 1 313 42000 361 4076056 40760.86 4200O FIRM 42000 1239.14
60000 3 933 180000 1546 17468938 58229.79 60000 FIRM 180000 5310.62
102000 1 313 102000 876 98990.65 98990.65 96000 FIRM 96000 (2990.65)
420000 1 313 420000 36:08 40760856 40760856 408000 FIRM 408000 391.44
TOTAL 32 100 1164000 100 1129658 1146000 16342

The Board of Directors of the Company at its meeting held on 2nd February, 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 4th February, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 4th February, 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 7th february, 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 Fom 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 LIMITED
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: New Delhi
Date : 05.02.2013
For Esteem Bio Organic Food processing Limited
Sd/-
Jai Kumar
Executive Director

Esteem Bio IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Esteem Bio IPO?

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

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

    Visit the Esteem Bio IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Esteem Bio IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Esteem Bio 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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