Globus Spirits IPO Details

Issue Open Aug 31, 2009
Issue Close Sep 2, 2009
IPO Price ₹100
Face Value ₹10
IPO Size ₹75.00 Cr
Listing At BSE, NSE
IPO Lot Size 70

Globus Spirits Limited

(Originally incorporated as Globus Agronics Limited on February 16,1993 with the Registrar of Companies, Delhi & Haryana, and obtained the Certificate of Commencement of Business on March 19,1993. The name of the Company was subsequently changed to Globus Spirits Limited vide a fresh Certificate of Incorporation obtained on January 23,2007 from the Registrar of Companies, Delhi and Haryana at New Delhi. (For details of changes in the Registered Office of the Company, please refer to page no. 9 of the Prospectus)
Registered Office: C-631, New Friends Colony, New Delhi -110065, India; Tel: +91 11 26928130, Fax: +91 11 26822805 Corporate Office: D-26, Sector 3, Noida 201 301, Uttar Pradesh, India; Tel.: +91 120 4245442, Telefax: +91 120 4245443 Contact Person/Compliance Officer: Mr. Santosh Kumar Pattanayak, Company Secretary;
E-mail: ipo@globus9roup.in; Website: www.globusspirits.com

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 75,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100/- (INCLUDING SHARE PREMIUM OF RS. 90/- PER EQUITY SHARE) AGGREGATING TO RS. 7500.00 LAKHS (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE COMPRISES A RESERVATION FOR ELIGIBLE EMPLOYEES OF UPTO 50,000 EQUITY SHARES OF RS. 10/- EACH (THE "EMPLOYEE RESERVATION PORTION") AGGREGATING TO RS. 50 LAKHS AND THE NET ISSUE TO THE PUBLIC OF 74,50,000 EQUITY SHARES OF RS. 10/- EACH (THE "NET ISSUE") AGGREGATING TO RS. 7,450 LAKHS.
THE ISSUE WILL CONSTITUTE 37.96 % OF THE FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF THE COMPANY. THE NET ISSUE TO PUBLIC WOULD CONSTITUTE 37.71 % OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 100/- PER EQUITY SHARE of FACE VALUE OF RS. 10/- EACH

The Issue was made through the 100% Book Building Process wherein upto 50% of the net Issue was to be allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 15% of the Issue shall be available for allotment on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allotment on a proportionate basis to Retail Bidders, subject to valid bids being recerved at or above the Issue Price. Further upto 50,000 equity shares shall be available for allotment on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price, the issue opened for subscription on August 31,2009 and closed on September 02,2009. The Issue received 7,874 valid applications for 86,13,080 shares resulting in 1.14 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under: (Before technical rejections)

Category No.of Applications No. of Shares Subscription %
Qualified Institutional Buyers 6 3199770 0.85
Non Institutional Investors 33 2861810 2.56
Retail Individual Investors* 7815 2518110 0.96
Employee 20 33390 0.66
Total 7874 8613080 1.14

*This includes 2284 applications aggregating to 592760 equity shares which were applied through Applications Supported by Blocked Amounts (ASBA) process.

Final Demand

A sample of the final demand at different bid prices is as under

Bid Price No. of Shares %age to Total Cumulative Total Cumulative %age to total
90 2375660 16.7785 14158970 100.0000
91 1470 0.0104 11783310 83.2215
92 1960 0.0138 11781840 83.2111
93 280 0.0020 11779880 83.1973
94 210 0.0015 11779600 83.1953
95 1498210 10.5813 11779390 83.1938
96 1260 0.0089 10281180 72.6125
98 630 0.0044 10279920 72.6036
99 490 0.0035 10279290 72.5991
100 7932540 56.0248 10278800 72.5957
CUTOFF 2346260 16.5708 2346260 16.5708
TOTAL 14158970 100.0000

The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Limited ("BSE, The Designated Stock Exchange") on September 14,2009. Details of valid applications received and allotments done are as under:

A. Allotment to Employees (After Technical Rejections): The Basis of Allotment to the Employees, who have bid at cut-off or at the Issue Price of Rs. 100/- per Share was finalized in consultation with BSE. The category was subscribed 0.66 times. All the valid successful Applicants have been allotted shares on a full and firm basis. The total number of Shares allotted in this category is 33,250 Shares to 19 successful applicants.. The Unsubscribed portion of 16,750 shares is added to Non Institutional Investors Category.
B. Allotment to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 100/-per Share, was finalized in consultation with BSE. The category was subscribed 0.94 times.All the valid successful applicants have been alotted of shares on a full and firm basis.the total number of shares allotted in this category is 24,64,070 to 7523 successful applicants. This includes 2274 applications aggregating to 588770 equity shares applied through ASBA. The Unsubscribed portion of 1,43,430 equity shares is added to Non Institutional Investors Category.
C. Allotment to Non Institutional Investors (After Technical Rejections): The Basis of Allotment to Non-Institutional Investors, who have bid at the Issue Price of Rs.100/- per Share, was finalized in consultation with BSE. The category was oversubscribed 1.13 times. The total number of Shares allotted in this category is 21,02,860 Shares to 26 successful applicants including spill over from QIB Category (8,25,180 Shares), Employee Category (16,750) & Retail Category (1,43,430). The category-wise details of Basis of Allotment are as under

Category No. of Applns. % age to total Total No. of Shares applied % age to total No. of Shares allotted Ratio Total No. of Shares allotted
1050 1 3.85 1050 0.04 929 FIRM 929
1400 1 3.85 1400 0.06 1238 FIRM 1238
1960 1 3.85 1960 0.08 1734 FIRM 1734
2100 1 3.85 2100 0.09 1858 FIRM 1858
2800 1 3.85 2800 0.12 2477 FIRM 2477
3150 1 3.85 3150 0.13 2786 FIRM 2786
4200 1 3.85 4200 0.18 3715 FIRM 3715
4900 4 15.38 19600 0.82 4334 FIRM 17336
5600 1 3.85 5600 0.24 4953 FIRM 4953
7000 2 7.69 14000 0.59 6192 FIRM 12384
7700 1 3.85 7700 0.32 6811 FIRM 6811
10010 1 3.85 10010 0.42 8854 FIRM 8854
14000 1 3.85 14000 0.59 12384 FIRM 12384
14980 1 3.85 14980 0.63 13250 FIRM 13250
24990 1 3.85 24990 1.05 22105 FIRM 22105
84980 1 3.85 84980 3.57 75168 FIRM 75168
164990 1 3.85 164990 6.94 145941 FIRM 145941
199990 1 3.85 199990 8.41 176900 FIRM 176900
299950 1 3.85 299950 12.62 265319 FIRM 265319
399980 1 3.85 399980 16.82 353800 FIRM 353800
499940 1 3.85 499940 21.03 442219 FIRM 442219
599970 1 3.85 599970 25.24 530699 FIRM 530699

D. Allotment to QIBs: Allotment to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (1,86,250) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (27,13,570) on proportionate basis. The Unsubscribed portion of 8,25,180 shares is added to Non Institutional Investors Category.

Category Fls/Banks MFs Flls VCs Total
No .of Shares 5,99,970 14,99,890 7,99,960 - 28,99,820

The Board of Directors of the company at it s Meeting held on September 15,2009 has approved the basis of allotment of shares of the Issue and has allotted the shares to various successful applicants. The Allotment Advice cum ECS/RTGS/NEFT/ Direct Credit Intimation have been dispatched to the address of the investors as registered with the depositories and instructions to Self Certified Syndicate Banks (SCSB) has been completed on 16/09/2009 in respect of ASBA applicatJons. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company has filed a listing application with Bombay Stock Exchange Limited (BSE) & National Stock Exchange of Limited (NSE) on 16/09/2009. The company is taking steps to get the shares admitted for trading on the NSE and BSE within seven working days from the date of approval of the basis of allotment. "

INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum- u application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

LINK INTIME INDIA PRIVATE LIMITED
C-13 pannalal Silk Mills Compound, LBS Marg, Bhandup West, Mumbai - 400 078,
Tel: 91 22 2596 0320 Fax: 91 22 2596 0329 Email: gsl.ipo@linkintime.co.in,
Contact person: Mr. Sachin Acha

Place: Mumbai

Date:16-09-2009

Globus Spirits Limited
Sd/-
santosh Kumar Pattanayak
Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GLOBUS SPIRITS LIMITED

Globus Spirits IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Globus Spirits IPO?

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

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

    Visit the Globus Spirits IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Globus Spirits IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Globus Spirits 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