INDIA GREEN REALITY LIMITED
CIN No: U70101GJ2009PLC058214
Our Company was originally incorporated on September 29.2009. as India Green Reality
Private Limited under the provisions of the Companies Act, 1956 with the Registrar of
Companies, Gujarat. Dadra and Nagar Havelli. Our Company was converted into a Public
Limiled Company pursuant to Shareholders resolution passed at the Extra Ordinary General
Meeting held on January 27,2016 and consequently, the name of our Company was changed to
'India Green Reality Limited' vide a fresh Certiticate of Incorporation dated
February 24, 2016, issued ay the Registrar of Companies, Ahmedabad, Gujarat. The corporate
identification number (CIN) of our Company is U70101GJ2009PLC058214. For further details,
please see the section titted 'History and Other Certain Corporate
Matters' beginning on page 90 of the Prospectus.
Registered Office; 12. Satyam Mall. Near Kameshwar
School. Jodhpur Char Rasta. Satellite, Ahmedabad - 380015 Gujarat. India. | Tel:
+91-79-40096471 Corporate Office: 308, 3rd Floor; Iskon Mall, Star India
Bazar building, Satellite Road. Ahmedabad -380015, Gujarat. India | Tel:
+91-79-4300 8787
Email: compliance@indiagreenrealily.com
| Website: www.indiagreenreality.com
| Company Secretary and Compliance Officer; Mr. Nirav Shah
PROMOTERS OF OUR COMPANY: MR. VINODKUMAR M. THAKER AND MR. AMITAVA
SAMANTA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 34,60,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF INDIA
GREEN REALITY LIMITED ('IGRL' OR THE ('COMPANY' OR THE
'ISSUER') FOR CASH AT A PRICE OF RS 30 PER SHARE (THE 'ISSUE PRICE'),
AGGREGATING TO RS 1038.00 LACS ('THE ISSUE') OF WHICH. 1.80.000 EQUITY SHARES OF
RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE
'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION
PORTION i.e. ISSUE OF 32.80.000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS
THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.22% AND 25.81 %.
RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE ISSUE PRICE OF 30,00 IS 3,00 TIMES OF THE FACE VALUE
ISSUE OPENED ON FRIDAY, SEPTEMBER 30, 2016 AND CLOSED ON THURSDAY, OCTOBER O6, 2016.
The Equity Shares of the Company are proposed to be listed on the SME platform of
BSE Limited in terms of the Chapter XB of the SEBI (ICDR) Regulation 2009 as
amended from time to time.However our Company has received an approval via letter dated
September 22,2016 from BSE Limited ('BSE') for using its name in the offer
document for listing of our shares on the SME Platform of BSE. BSE shall be the
Designated Stock Exchange for the purpose of this Issue. The Trading is proposed to be
commenced on or before October 16,2016*
* Subject to receipt of listing and trading approvals from the BSE Limited.
This, being a Fixed Price Issue, the allocation in the Net Issue to the Public category
shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as
amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the
Public shall initially be made available for allotment to Retail individual investors. The
balance Net Issue of Shanes to the public shall be made available for allotment to
Individual Applicants other than Retail Individual Investors and other Investors,
including Corporate Bodies / Institutions irrespective of number of shares applied for.
Under subscription, if any. in any of the categories, would be allowed to be met with
spillover from any of the other categories or a combination of categories at the
discretion of our Company in consultation with the Lead Manager and the Designation Stock
Exchange. Such interse-spill over, if any. would be affected in accordance with applicable
laws, rules, regulalions and guidelines. All Investors shall participate in the Issue only
through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ABB A*) process by providing the
details of their respective bank accounts in which the corresponding application amounts
were blocked by Self Certified Syndicate Banks (the 'SCSBs').
SUBSCRIPTION DETAILS
The Issue has received 257 applications for 37,40,0000 Equity Shares resulting in 1.08
times subscription (including reserved portion of market maker). The details of the
applications received in the Issue (before Technical Rejections) are as fellows:
Detail of the Applications Received (Before Technical Rejections):
Category |
No. of Applications |
% to
Total |
Number of
Equity Shares |
% to
Total |
Subscription (Times) |
Market Maker |
1 |
0.39 |
1.80.000 |
4.81 |
1.00 |
Retail individual Investors |
195 |
75.87 |
7,80,000 |
20.86 |
0.48 |
Other than Retail individual Investors |
61 |
23.74 |
27,80,000 |
74.33 |
1.70 |
Total |
257 |
100.00 |
37.40.000 |
100.00 |
1 08 |
The details of applications 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 |
8 |
32,000 |
Other than Retail individual Investors |
1 |
8,000 |
Total |
9 |
40,000 |
After eliminating technically rejected applications.the following
tables give us category wise net valid applications:
Category |
No of Applications |
% to
Total |
Issue Size (as per Prospectus) |
No. of Valid
Shares applied |
% of Total Applied |
Subscription (Times) |
Revised * Subscription
(Times) |
Market Maker |
1 |
0.40 |
1.80.000 |
1,80,000 |
4.86 |
1.00 |
1.00 |
Retail individual Investors |
187 |
75.41 |
16.40,000 |
7.48.000 |
20.22 |
0.46 |
0.46 |
Other than Retail individual Investors |
60 |
24.19 |
16,40,000 |
27,72,000 |
74.92 |
1.69 |
1.09 |
Total |
248 |
100.00 |
34,60,000 |
37,00,000 |
100.00 |
1.07 |
1.07 |
* After Spill-over of 8.92.000 shares from Retail Individual
Investors to Other than Retail Individual Investors
Allocation; The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - BSE Limited on October 14.2016
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs 30 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 1,80,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical Rejections);
The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 30 per
Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.46
times. Total number of shares allotted in this category is 7,48,000 Equity Shares to 187
successful applicants.
The category wise details of the Basis of Allotment are as under:
No.of Shares Applied for
(Category wise) |
No.of Applications received |
% to
Total |
Total No. of Equity Shares applied
in this Category |
% to
Total
|
Proportionate Shares Available |
Allocation per Applicant (Before
Rounding off) |
Allocation per Applicant (After
Bounding off) |
Ratio of Allottees to Applicants |
Number of Successful applicants
(after rounding off) |
Total No. of Equity Shams, allocated
allotted |
No.of Shares Surplus/ Deficit |
4000 |
187 |
100.00 |
7.48.000 |
100.00 |
16,40,000 |
4000 |
4000 |
1:1 |
187 |
7.48.000 |
8,92:000 |
Total |
187 |
100.00 |
7.48.000 . |
100.00 |
16,40,000 |
|
|
|
187 |
7.48.000 |
8.92,000 |
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections & Withdrawal): The Basis of Allotment to the Non
Retail Investors, at the issue price of Rs 30 per Equity Share, was finalized in
consultation with BSE. The category was subscribed by 1.09 times. Total number of shares
allotted in this category is 25,32,000 Equity Shares. The category wise basis of allotment
is as under
No.of Shares Applied for
(Category wise) |
No.of Applications received |
% to
Total |
Total No. of Equity Shares applied
in this Category |
% to
Total
|
Proportionate Shares Available |
Allocation per Applicant (Before
Rounding off) |
Allocation per Applicant (After
Bounding off) |
Ratio of Allottees to Applicants |
Number of Successful applicants
(after rounding off) |
Total No. of Equity Shams, allocated
allotted |
No.of Shares Surplus/ Deficit |
8000 |
12 |
20.00 |
96000 |
3.46 |
87688 |
7307.36 |
8000 |
1:1 |
12 |
96000 |
(8312) |
12000 |
2 |
3.33 |
24000 |
0.87 |
21922 |
10961.04 |
12000 |
1:1 |
2 |
24000 |
(2078) |
16000 |
8 |
13.33 |
128000 |
4.62 |
116918 |
14614.72 |
16000 |
1:1 |
8 |
128000 |
(11082) |
20000 |
2 |
3 33 |
40000 |
1.44 |
36537 |
18268.40 |
20000 |
1:1 |
2 |
40000 |
(3463) |
24000 |
2 |
3.33 |
48000 |
1.73 |
43844 |
21922.08 |
20000 |
1:1 |
2 |
40000 |
3844 |
32000 |
17 |
28.33 |
544000 |
19.62 |
496900 |
29229.44 |
28000 |
1:1 |
17 |
476000 |
20900 |
36000 |
1 |
1.67 |
36000 |
1.30 |
32883 |
32883.12 |
32000 |
1:1 |
1 |
32000 |
883 |
48000 |
1 |
1.67 |
48000 |
1.73 |
43844 |
43844.16 |
44000 |
1:1 |
1 |
44000 |
(156) |
56000 |
1 |
1.67 |
56000 |
2.02 |
51152 |
51151.52 |
52000 |
1:1 |
1 |
52000 |
(848) |
64000 |
1 |
6.67 |
64000 |
2.31 |
58459 |
58458.87 |
60000 |
1:1 |
1 |
60000 |
(1541) |
68000 |
4 |
6.07 |
272000 |
9.81 |
248450 |
62112.55 |
60000 |
1:1 |
4 |
240000 |
8450 |
|
|
|
|
|
|
|
4000 |
1:2 |
2 |
8000 |
(8000) |
80000 |
1 |
1.67 |
80000 |
2.89 |
73074 |
73073.59 |
72000 |
1:1 |
1 |
72000 |
1074 |
112000 |
1 |
1.67 |
112000 |
4.04 |
102303 |
102303.03 |
104000 |
1:1 |
1 |
104000 |
(1697) |
132000 |
1 |
1.67 |
132000 |
4.76 |
120571 |
120571.43 |
120000 |
1:1 |
1 |
120000 |
571 |
136000 |
2 |
3.33 |
272000 |
9.81 |
248450 |
124225.11 |
124000 |
1:1 |
2 |
248000 |
450 |
152000 |
1 |
1.67 |
152000 |
5.48 |
133840 |
138839.83 |
140000 |
1:1 |
1 |
140000 |
(1160) |
164000 |
1 |
1.67 |
164000 |
5.92 |
149801 |
149800.87 |
148000 |
1:1 |
1 |
148000 |
1801 |
168000 |
1 |
1.67 |
168000 |
6.06 |
153455 |
153454.55 |
152000 |
1:1 |
1 |
152000 |
1455 |
336000 |
1 |
1.67 |
336000 |
12.12 |
306909 |
306909.09 |
308000 |
1:1 |
1 |
308000 |
(1091) |
Total |
60 |
100.00 |
27,72,000 |
100.00 |
25.32.000 |
|
|
|
60 |
25,32.000 |
|
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. BSE and has authorized the corporate action for the
transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices are being dispatched to the address of the
Applicants as registered with the depositories. Further, the Instructions to Self
Certified Syndicate Banks for unblocking the amount have been processed on October 14,
2016. in case the same is not received within prescribed time, 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 six working days from the date of
the closure of the Issue.
Nate: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated September 23,2016
('Prospectus')
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website
on the Registrar to the Issue, Karvy Computershare Private Limited at www.karisma.karvy.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:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B. Plot 31 -32 , Gachibowli, Financial District, Nanakramguda,
Hyderabad - 500 032, India.
Tel: +91 -40- 6713 2222; Fax; +91 - 40-2343 1551; Email:
indiagreen.ipo@karvy.com; Website:
www.karisma.karvy.com
Contact Person; Mr. M. Murli Krishna; SEBI Registration No, INR000000221
Place: Ahmedabad Date:
15.10.2016 |
For India Green Reality Limited
On behalf of the Board of Directors
Sd/-
Mr. Vinodkumar M. Thaker
Managing Director |
|