Funny Software IPO Details

Issue Open May 14, 2015
Issue Close May 20, 2015
IPO Price ₹14
Face Value ₹10
IPO Size ₹4.59 Cr
Listing At BSE SME
IPO Lot Size 10000

Our Company was originally incorporated at Delhi as * Funny Software Private limited' on 13th July, 2007 under the provisions of the Companies Act. 1956. Our Company was converted In to a Public Limited Company and consequently the name was changed to 'Funny Software Limited' vide fresh certificate of incorporation dated 23rd August, 2014 Issued by the Registrar of Companies. National Capital Territory of Delhi and Haiyana. 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 77 of the Prospectus.

Registered Office: 407. Prabhat Kiran Building. Rajendra Place, New Delhi -110 008 Tel: +91-11 -4228 3003; Email: funnysoft@yahoo.com; Website: www.funnysoftwarelimited.com Contact Person & Compliance Officer: Ms. Gunjan Khanna, Company Secretary & Compliance Officer; PROMOTERS OF THE COMPANY: M/S. GLAMOUR STEELS PRIVATE LIMITED & MR. SACHIN SINGH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 32,80,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF FUNNY SOFTWARE LIMITED ('FSL' OR THE 'COMPANY' OR THE ISSUER') FOR CASH AT A PRICE OF RS 14 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 459.20 LACS ('THE ISSUE'), OF WHICH, 1,80,000 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 31,00,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.56% AND 25.10% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 23rd April, 2015 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 lor allocation in any other category, if so required.

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

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 14 EACH. THE ISSUE PRICE IS 1.40 TIMES OF THE FACE VALUE. ISSUE OPENED ON 14TH MAY, 2015 AND CLOSED ON 20TH MAY, 2015.

The Eguity 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 tetter dated 15th April, 2015 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 throgh APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by  providing the details of the respective bark accounts In which the corresponding application amounts were Hocked by Sell Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 98 applications for 37,30,000 Equity Shares (Including Market Maker Application of 1,10,000 Equity Shares) resulting 1.137 times subscription. There were no cheques return cases and accordingly the Issue was subscribed 1.137 times.
There were no applications rejected on technical grounds nor any withdrawals.
The details of the applications received in the Issue (before technical refections) are as follows:
Detail of the Applications Received (After Technical Rejection & withdrawal)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 180000 1.000
Other than Retail Individual Investor's 19 2770000 1.194
Retail Individual Investor' s 78 780000 0.503
TOTAl

98

3730000 1.137

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 28th Apnl. 2015

A. Allocation to Market Maker (After Technical Rejections A Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 14 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number ot shares allotted in this category is 1,80,000 Equity shares in full out of reserved portion of 1,80,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retai Individual Investors, at the issue price of  Rs 14 per Equity Share, was finalized in consulation with BSE. The category was subscribed by 0.503 times. Total number of shares allotted In this category is 7,80,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shires
Applied for (Category wise)
No. of Application

 

% to Total

 

Total No. of Equity Shares applied % to Total Proportionate
Shares Available
Allocation per Applicant (Before
Rounding Off)
Allocation per Applicant (After
RoundingOff)
Ratio of
Allottees To The Applicants
Total
No. of Equity Shares
allotted
Surplus/ (Deficit)

 

10000 78 100 780000 100 1550000 10000 10000 FIRM 780000 (770000)
TOTAL 78 100 780000 100 1550000 780000 (770000)

C. Allocation to Non Retail Investors (After Technical Rejections A Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of  Rs 14 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.194 times. Total number of shares allotted in this category Is 23,50,000 Equity Shares including spill over 7,70,000 Equity Shares from Retail Category and additional 30.000 Equity Shares for the purpose of rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:

No. of Shires
Applied for (Category wise)
No. of Application % to Total Total No. of Equity Shares applied % to Total Proportionate
Shares Available
Allocation per Applicant (Before
Rounding Off)
Allocation per Applicant (After
RoundingOff)
Ratio of
Allottees To The Applicants
Total
No. of Equity Shares
allotted
Surplus/ (Deficit)
20000 2 10.53 40000 1.44 33501.81 16750.90 20000 FIRM 40000 6498
30000 1 5.26 30000 1.08 25126.35 25126.35 30000 FIRM 30000 4874
140000 4 21.05 560000 20.22 469025.27 117256.32 120000 FIRM 480000 10975
150000 4 21.05 600000 21.66 502527.08 125631.77 130000 FIRM 520000 17473
160000 4 21.05 640000 23.10 536028 88 134007.22 130000 FIRM 520000 (16029)
200000 3 15.79 600000 21.66 502527.08 167509.03 170000 FIRM 510000 7473
300000 1 5.26 300000 10.83  251263.54 251263 54 250000 FIRM 250000 (1264)
TOTAL 19 100 2770000 100 2320000.00 2350000 30000

Trie Board of Directors of the Company at Its meetng heW on 29th May 2015 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 ot 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 term on or before 1st June, 2015. Further the instructions to Self Certified Syndicate Banks being processed on or prior to 1st June. 2015. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful appllicants 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 ol the closure of the Issue. The trading is proposed to be commenced on or  before 3rd June, 2015 subject to receipt of listing and trading approvals from BSE Limrted.

Note: All capitalized terms used and not defined herein shall have   the respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline financial Services Private Limited at wwwskylinerta.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 detais at the address of the Registrar givin below:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

D153 A, 1st floor, Okhla Industrial Area,
Phase-1, New Delhi 110020
Tel; +91 11-26812682,83, 011-64732681 to 88
Fax: +91 11-26812682
Web www.skylinerta.com
Email: admin@skylinerta.com
Contact Person: Mr. Virender Rana
SEBI Registration No: INR000003241

Place: Delhi
Date : May 29, 2015

For Funny Software Limited
Sd/-
Sachin Singh
Whole Time Director

Funny Software IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Funny Software IPO?

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

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

    Visit the Funny Software IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Funny Software IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Funny Software 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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