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Globe International IPO Details

Issue Open Sep 30, 2016
Issue Close Oct 7, 2016
IPO Price ₹24
Face Value ₹10
IPO Size ₹5.17 Cr
Listing At NSE SME
IPO Lot Size 6000

GLOBE INTERNATIONAL CARRIERS LIMITED
CIN No.: U60232RJ2010PLC031380

Our Company was originally incorporated on March 30, 2010 as Globe Interntional Carriers Private Limited under the provisions of Companies  Act, 1956 with Registrar of Companies, Rajasthan. Jaipur vide registration no. (CIN: U60232RJ2010PTC031380). Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company, held on November 18, 2015 and the name of our Company was changed to 'Globe International Carriers Limited'   vide a fresh Certificate of Incorporation dated December 16, 2015, issued by the Registrar of Companies, Rajasthan,. Jaipur. For details of the changes in our Name and Registered Office, please see section titled ''History and Certain Corporate Matters' on page 126 of the Prospectus.

Registered Office: 301-306, Prakash Deep Complex, Near Mayark Trade Centre, Station Road, Jaipur-302006, Rajasthan, | Tel No,: -+91-141-2361794, +91-141 -2368794
Fax No.: +91 -141-2375527 | Email: cs@gicpl.in  | Website: www.gicpl.in | Contact Person: Ms Anchal Mehta (Company Secretary & Compliance officer)
PROMOTERS OF OUR COMPANY: MR. SUBHASH AGRAWAL AND MRS. SUREKHA AGARWAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 21,54,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF GLOBE INTERNATIONAL CARRIERS LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE of RS 24.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 14.000 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO  RS 516.96 LAKHS ('THE ISSUE'), OF WHICH 1,14,000 EQUITY SHARES OF FACE VAUUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 24.00 PER EQUITY SHARE. AGGREGATING TO 27.36 LAKHS WILL RE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ( 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 20,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 24.00 PER EQUITY SHARE AGGREGATING TO RS 489.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.79% AND 25.38%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 250 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB of THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE 'SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 258 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 24.00.
THE ISSUE PRICE IS 2.40 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FRIDAY, SEPTEMBER 30, 2016 AND CLOSED ON FRIDAY, OCTOBER 07, 2016.

PROPOSED LISTING: WEDNESDAY, OCTOBER 19, 2016

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE') ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an approval letter dated February 22, 2016 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE. For the purpose of this issue the Designated Stock Exchange will be the National Stock Exchange of India Limited ('NSE EMERGE'). The trading is proposed to be commenced on or about October 19, 2016 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India 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 461 applications for 44,82,000 Equity Shares resulting in 2.0808 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as Follows:
Detail of the Application Received (Before Technical Rejections)

Category No. of
Applications
% No. of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.22 1,14,000 2.54 1
Retail Individual Investors 417 90.45 25,02,000 55.82 2 45
Other than Retail Individual Investors 43 9.33 18,66,000 41.64 1.83
Total 461 100 44,82,000 100

Detail of the Application Rejected by the Registrar on technical grounds (including withdrawal ) are detailed below:

Category No. of
Applications
No. of
Equity Shares
Market Maker Nil Nil
Retail Individual Investors 11 66,000
Other than Retail Individual Investors 1 12,000
Total 12 78,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category No. of
Applications
% Reserved Portion
(as per prospectus)
No. of valid
shares applied
% to
total applied
Subscription
(Times)
Market Maker 1 1DQ 1.14.000 1.14 OOO 100 1.00
Total 1 100 1,14,000 1,14,000 100 1 DO
Category No. of
Applications
% Reserved Portion
(as per prospectus)
Proportionate
Issue Size
( After rounding off)
No. of valid
shares applied
% of
total applied
Subscription
(Times)
Retail Individual Investors 406 90.63 10,20,000 11 ,64,000 24,36,000 56.78 2.09
Other than Retail individual Investors 42 9.37 10,20,000 8,76,000 18,54,000 43.22 2.12
Total 448 100 20,40.000 20,40,000 42,90,000 100

Allocation: The Basis of Allotment was finalized in consultation with the designated Stock Exchange - National Stock Exchange of India Limited on october 14,2016
A. Allocation to Market Maker (After Technical Rejections & Withdrawal); The Basis of Allotment to the Market Maker, at the issue- price of Rs 24 per Equity Share, was finalised in consultation with- National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,14,000 Equity shares.

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

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Tolal No. Of
Equity Shares
applied in this
Category
% of
total
Proportionate
Shares
Available
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Off)
Ratio of
Allottees
to Appli
Cant:
Ratio 1
Ratio of
Allottees
to Appli
Cant:
Ralio 2
Number of
Successful
applicants
(after rounding
off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
1,14,000 1 100.00 1,14,000 100.00 1,14,000 1,14,000 1,14,000 1 1 1 1,14,000 --
TOTAL 1 100.00 1,14,000 100.00 1,14,000 1,14,000 1,14,000 1 1 1 1,14.000 --

B. Allocation to Retail Individual Invrstors(After Technical Rejctions & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 24 per Equity Share,was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.09 times i.e. for 24,36,000 Equity Shares. Total number of shares allotted in this category is 11,64,000 Equity Shares to 194 successful applicants.

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

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Tolal No. Of
Equity Shares
applied in this
Category
% of
total
Proportionate
Shares
Available
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Off)
Ratio of
Allottees
to Appli
Cant:
Ratio 1
Ratio of
Allottees
to Appli
Cant:
Ralio 2
Number of
Successful
applicants
(after rounding
off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
6,000 406 100.00 24,36,000 100.00 11,64,000 2867.00 6000 97 203 194 11,64,000 --
TOTAL 406 100.00 24,36,000 100.00 11,64,000 2867.00 6000 97 203 194 11,64,000 --

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 24 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.12 times i.e. for 18,54,000 shares the total number of shares allotted in this category; is 8,76,000 Equity Shares to 41 successlul applicants.

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

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Tolal No. Of
Equity Shares
applied in this
Category
% of
total
Proportionate
Shares
Available
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Off)
Ratio of
Allottees
to Appli
Cant:
Ratio 1
Ratio of
Allottees
to Appli
Cant:
Ralio 2
Number of
Successful
applicants
(after rounding
off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
12,000 14 33.33 168,000 9.06 79379 5669.93 6,000 13 14 13 78000 1379
18,000 5 11.90 90,000 4.85 45524 8504.80 6,000 1 1 5 30000 12524
6,000 2 5 12000 -12000
24,000 4 9.52 96,000 5.18 45359 11339.75 12,000 1 1 4 48000 -2641
30,000 5 11.90 150,000 8.09 70874 14174.80 12,000 1 1 5 60000 10874
6,000 1 1 6000 -6000
36000 3 7.14 108,000 5.83 51029 17009.67 18,000 1 1 3 54000 -2971
42,000 2 4.76 84,000 4.53 39689 19844.50 18,000 1 1 2 36000 3689
78,000 2 4.76 156,000 8.41 73709 36854.50 36,000 1 1 2 72000 1709
102,000 1 2.38 102,000 5.50 48194 48194.00 48,000 1 1 1 48000 194
108,000 1 2.38 108,000 5.83 51029 51029.00 54,000 1 l 1 54000 -2971
114,000 1 2.38 114,000 6.15 53864 53864.00 54,000 1 1 1 54000 -136
138,000 1 2.38 138,000 7.44 65204 65204.00 66,000 1 1 1 66000 -796
162,000 1 2.36 162,000 8.74 76544 76544.00 78,000 1 1 1 78000 -1456
168,000 1 2.36 168,000 9.06 79379 79379.00 78,000 1 1 1 78000 1379
210,000 1 2.36 210,000 11.33 99223 99223.00 102,000 1 1 1 102000 -2777
TOTAL 42 100 1854000 100 876000 41 876000 0

The Board of Directors of the Company at its meeting held on October 14,2016 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. National Stock  Exchange of India Limited and at meeting held on October 17, 2016 has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices 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 October 17, 2016. Further, the instructions to self Certified Syndicate Banks for unblocking the amount have been processed on or prior to October 17, 2016. In case the same is not unblocked 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 Platlorm of National Stock Exchange of India Limited {NSE EMERGE) within six working days from the date of the closure of the Issue.

Note: Allcapitalized terms used and not defined herein shall have the respective meanings assigned to them in Prospectus dated September 22,2016 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the Website of the Registrar to the issue, Sharex Dynamic (india) Pvt ltd. at www.sharexindia.com   All future corresponding 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 Applicant, serial numbere 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:

SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
Unit- 1. Luthra Industrial Premises, Safed Pool, Andheri Kurla Road. Andheri (East), Mumbai- 400 072, Maharashtra, India.
Tel: +91 -22-2851 5506/44; Fax: +91 -22-2851 2855; Investor Grievance Email: gical.ipo@sharexindia.com; Email: sharexindia@vsnl.com
Website: www.sharexindia.com ; Contact Person: Mr K. C. AjitKumar;  SEBI Registration No.: INR000002102

Place: Jaipur
Date: 17.10.2016
For Globe International Carriers Limited
on behalf of Board of Directors
sd/-
Mr. Subhash Agarwal
Managing Director

Globe International IPO Basis of Allotment FAQs

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

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

Visit the Globe International 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 Globe International 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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