InfoBeans Technologies IPO Details

Issue Open Apr 18, 2017
Issue Close Apr 21, 2017
IPO Price ₹58
Face Value ₹10
IPO Size ₹36.78 Cr
Listing At NSE SME
IPO Lot Size 2000

INFOBEANS TECHNOLOGIES LIMITED

CIN: L72200MP2011PLC025622

Our Company was incorporated as InfoBeans Software Solutions Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 18,2011 in Indore, Madhya Pradesh. Subsequently, the name of our Company was changed from InfoBeans Software Solutions Private Limited to InfoBeans Systems India Private Limited vide shareholder's approval on December 12,2012 and fresh certificate of incorporation dated December 07,2012. Subsequently, the name of our Company was changed from InfoBeans Systems India Private Limited to InfoBeans Technologies Private Limited vide shareholder's approval on February 28,2015 and fresh certificate of incorporation dated March 03,2015. Subsequently, our Company was converted into public limited company pursuant to which the name of our Company was changed to "InfoBeans Technologies Limited" vide shareholder's approval on February 28, 2015 and fresh certificate of incorporation dated March 03,2015. Our Company got listed on Emerge ITP Platform of National Stock Exchange of India Limited (NSE) on March 31,2015. Further, our Company had made an application for delisting of Company on Emerge ITP Platform of NSE vide letter dated February 01,2017 and is delisted with effect from March 01,2017 vide letter no. NSE/LIST/C/2017/0134. The Corporate Identification Number of our Company is L72200MP2011PLC025622. Forfurttier details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 143 of the Prospectus.

Registered Office: 601 -602, Rafael Tower 8/2, Old Palasia Indore - 452001, Madhya Pradesh
Tel No: +91- 731- 6704000; E-mail: info@infobeans.com; Website: www.infobeans.com
Contact Person: Mr. Avinash Sethi, Director

PROMOTERS OF THE COMPANY: MR. SIDDHARTH SETHI, MR. AVINASH SETHI AND MR. MITESH BOHRA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 63,42,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF INFOBEANS TECHNOLGIES LIMITED ("ITL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 58/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF Rs. 48/- PER EQUITY SHARE) AGGREGATING Rs. 3678.36 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 3,18,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 60,24,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.41% AND 25.08% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTERXB OFTHE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 276 OFTHE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 58/-
THE ISSUE PRICE IS 5.80 TIMES THE FACE VALUE.
ISSUE OPENED ON: APRIL 18,2017
ISSUE CLOSED ON: APRIL 21,2017
PROPOSED LISTING: TUESDAY, MAY 02,2017

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated April 05,2017 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited.The trading Is proposed to be commenced with effect from Tuesday, May 02, 2017.*

'Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") 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 39,870 applications for 197680000 Equity Shares resulting in 31.17 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):

CATEGORY No. of Applicants % No. of Equity Shares % Subscription (Times)
Market Makers 2 0.01 318000 0.01 1.00
Retail Individual Investors 39463 98.98 78926000 39.93 26.20
Qualified Institutional Buyers 5 0.01 3308000 1.67 1.37
Non- Institutional Investors 400 1.00 115128000 58.24 189.98
Total 39870 100.00 197680000 100.00

The details of applications rejected by the Registrar on technical grounds are detailed below:

(Technical rejection)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers Nil Nil
Retail Individual Investors 639 1278000
Qualified Institutional Buyers Nil Nil
Non- Institutional Investors 7 64000
Total 646 1342000

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

CATEGORY No. of Applications % Issue Size (as per Prospectus) Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
Subscription (Times)
Market Makers 2 0.01 318000 318000 318000 1.00
Retail Individual Investors 38824 98.98 3012000 3012000 77648000 25.78
Qualified Institutional Buyers 5 0.01 2406000 2406000 3308000 1.38
Non-Institutional Investors 393 1.00 606000 606000 115064000 189.87
Total 39224 100.00 6342000 6342000 196338000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on April 26,2017.

A. Allocation to Market Makers (After Technical Rejections): The Basis of Allotmentto the Market Makers, at the issue price of Rs. 58/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,18,000 Equity Shares to 02 successful applicants.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 58/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 25.78 times. Thetotal number of shares allotted in this category is 30,12,000 Equity Shares to 1,506 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
shares applied in
each category
% To Total Proportionate
shares
available
Allocation
per
Applicant
(before
rounding off)
Allocation
per
Applicant
(after
rounding off)
Ratio of allottees
to
applicants:
RATI01
Ratio of allottees
to
applicants:
RATIO 2
Number of successful applicant
(after
rounding
off)
Total no.
of
Shares\
Allocated/
allotted
No. of Shares Surplus/ Deficit
2000 38824 100.00 77648000 100.00 3012000 77.58 2000.00 9 232 1506 3012000 0
Total 38824 100.00 77648000 100.00 3012000 1506 3012000 0

C. Allocation to Qualified Institutional Buyers (After Technical Rejections):

The Basis of Allotment to the Qualified Institutional Buyers, at the issue price of Rs. 58/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.38 times. The total number of shares allotted in this category is 24,06,000 Equity Shares to 05 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
shares applied in
each category
% To Total Proportionate
shares
available
Allocation
per
Applicant
(before
rounding off)
Allocation
per
Applicant
(after
rounding off)
Ratio of allottees
to
applicants:
RATI01
Ratio of allottees
to
applicants:
RATIO 2
Number of successful applicant
(after
rounding
off)
Total no.
of
Shares\
Allocated/
allotted
No. of Shares Surplus/ Deficit
100000 1 20.00 100000 3.02 72732 72732.00 72000 1 1 1 72000 -732
258000 1 20.00 258000 7.80 187651 187651.00 188000 1 1 1 188000 349
400000 1 20.00 400000 12.09 290931 290931.00 290000 1 1 1 290000 -931
1250000 1 20.00 1250000 37.79 909160 909160.00 910000 1 1 1 910000 840
1300000 1 20.00 1300000 39.30 945526 945526.00 946000 1 1 1 946000 474
Total 5 100 3308000 100 2406000 5 2406000 0

D. Allocation to Non institutional investors (After Technical Rejections):

The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs.58/-per Equity Share, was finalized in consultation with NSE. The category was subscribed by 189.87 times. The total number of shares allotted in this category is 6,06,000 Equity Shares to 106 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
shares applied in
each category
% To Total

 

Proportionate
shares
available

 

Allocation
per
Applicant
(before
rounding off)
Allocation
per
Applicant
(after
rounding off)
Ratio of allottees
to
applicants:
RATI01
Ratio of allottees
to
applicants:
RATIO 2
Number of successful applicant
(after
rounding
off)
Total no.
of
Shares
Allocated/
allotted
No. of Shares Surplus/ Deficit

 

4000 97 24.68 388000 0.34 2040 21.03 2000.00 1 97 1 2000 -40
6000 35 8.91 210000 0.18 1106 31.60 2000.00 1 35 1 2000 894
8000 19 4.83 152000 0.13 801 42.16 2000.00 1 19 1 2000 1199
10000 25 6.36 250000 0.22 1317 52.68 2000.00 1 25 1 2000 683
12000 20 5.09 240000 0.21 1264 63.20 2000.00 1 20 1 2000 736
14000 8 2.04 112000 0.10 590 73.75 2000.00 1 8 1 2000 1410
16000 16 4.07 256000 0.22 1348 84.25 2000.00 1 16 1 2000 652
18000 2 0.51 36000 0.03 190 95.00 2000.00 1 2 1 2000 1810
20000 14 3.56 280000 0.24 1475 105.36 2000.00 1 14 1 2000 525
24000 3 0.76 72000 0.06 379 1 26.33 2000.00 1 3 1 2000 1621
26000 6 1.53 156000 0.14 822 1 37.00 2000.00 1 6 1 2000 1178
28000 1 0.25 28000 0.02 147 1 47.00 2000.00 1 1 1 2000 1853
30000 9 2.29 270000 0.23 1422 1 58.00 2000.00 1 9 1 2000 578
32000 1 0.25 32000 0.03 169 1 69.00 2000.00 1 1 1 2000 1831
34000 1 0.25 34000 0.03 179 1 79.00 2000.00 1 1 1 2000 1821
38000 2 0.51 76000 0.07 400 200.00 2000.00 1 2 1 2000 1800
40000 7 1.78 280000 0.24 1475 210.71 2000.00 1 7 1 2000 525
42000 1 0.25 42000 0.04 221 221.00 2000.00 1 1 1 2000 1779
44000 2 0.51 88000 0.08 463 231.50 2000.00 1 2 1 2000 1537
50000 2 0.51 100000 0.09 527 263.50 2000.00 1 2 1 2000 1473
52000 4 1.02 208000 0.18 1095 273.75 2000.00 1 4 1 2000 905
54000 3 0.76 162000 0.14 853 284.33 2000.00 1 3 1 2000 1147
56000 2 0.51 112000 0.10 590 295.00 2000.00 1 2 1 2000 1410
58000 2 0.51 116000 0.10 611 305.50 2000.00 1 2 1 2000 1389
60000 3 0.76 180000 0.16 948 316.00 2000.00 1 2 1 2000 1052
62000 2 0.51 124000 0.11 653 326.50 2000.00 1 2 1 2000 1347
64000 1 0.25 64000 0.06 337 337.00 2000.00 1 1 1 2000 1663
68000 1 0.25 68000 0.06 358 358.00 2000.00 1 1 1 2000 1642
70000 1 0.25 70000 0.06 369 369.00 2000.00 1 1 1 2000 1631
72000 1 0.25 72000 0.06 379 379.00 2000.00 1 1 1 2000 1621
74000 1 0.25 74000 0.06 390 390.00 2000.00 1 1 1 2000 1610
76000 2 0.51 152000 0.13 801 400.50 2000.00 1 2 1 2000 1199
78000 1 0.25 78000 0.07 411 411.00 2000.00 1 1 1 2000 1589
80000 1 0.25 80000 0.07 421 421.00 2000.00 1 1 1 2000 1579
84000 1 0.25 84000 0.07 442 442.00 2000.00 1 1 1 2000 1558
86000 3 0.76 258000 0.22 1359 453.00 2000.00 1 3 1 2000 641
88000 2 0.51 176000 0.15 927 463.50 2000.00 1 2 1 2000 1073
90000 4 1.02 360000 0.31 1896 474.00 2000.00 1 4 1 2000 104
100000 4 1.02 400000 0.35 2107 526.75 2000.00 1 4 1 2000 -107
102000 5 1.27 510000 0.44 2686 537.20 2000.00 1 5 1 2000 -686
108000 2 0.51 216000 0.19 1138 569.00 2000.00 1 2 1 2000 862
110000 1 0.25 110000 0.10 579 579.00 2000.00 1 1 1 2000 1421
114000 2 0.51 228000 0.20 1201 600.50 2000.00 1 2 1 2000 799
118000 1 0.25 118000 0.10 621 621.00 2000.00 1 1 1 2000 1379
120000 1 0.25 120000 0.10 632 632.00 2000.00 1 1 1 2000 1368
124000 1 0.25 124000 0.11 653 653.00 2000.00 1 1 1 2000 1347
126000 1 0.25 126000 0.11 664 664.00 2000.00 1 1 1 2000 1336
140000 2 0.51 280000 0.24 1475 737.50 2000.00 1 2 1 2000 525
148000 1 0.25 148000 0.13 779 779.00 2000.00 1 1 1 2000 1221
156000 1 0.25 156000 0.14 822 822.00 2000.00 1 1 1 2000 1178
166000 1 0.25 166000 0.14 874 874.00 2000.00 1 1 1 2000 1126
170000 1 0.25 170000 0.15 895 895.00 2000.00 1 1 1 2000 1105
172000 2 0.51 344000 0.30 1812 906.00 2000.00 1 2 1 2000 188
174000 3 0.76 522000 0.45 2749 916.33 2000.00 1 3 1 2000 -749
180000 1 0.25 180000 0.16 948 948.00 2000.00 1 1 1 2000 1052
196000 1 0.25 196000 0.17 1032 1 032.00 2000.00 1 1 1 2000 968
200000 5 1.27 1000000 0.87 5267 1 053.40 2000.00 2 5 2 4000 -1267
206000 1 0.25 206000 0.18 1085 1 085.00 2000.00 1 1 1 2000 915
216000 2 0.51 432000 0.38 2275 1137.50 2000.00 1 2 1 2000 -275
248000 1 0.25 248000 0.22 1306 1 306.00 2000.00 1 1 1 2000 694
256000 1 0.25 256000 0.22 1348 1 348.00 2000.00 1 1 1 2000 652
260000 2 0.51 520000 0.45 2739 1 369.50 2000.00 1 2 1 2000 -739
280000 1 0.25 280000 0.24 1475 1475.00 2000.00 1 1 1 2000 525
294000 2 0.51 588000 0.51 3097 1548.50 2000.00 1 2 1 2000 -1097
334000 1 0.25 334000 0.29 1759 1 759.00 2000.00 1 1 1 2000 241
344000 1 0.25 344000 0.30 1812 1 81 2.00 2000.00 1 1 1 2000 188
356000 2 0.51 712000 0.62 3750 1 875.00 2000.00 1 1 2 4000 250
374000 1 0.25 374000 0.33 1970 1 970.00 2000.00 1 1 1 2000 30
400000 1 0.25 400000 0.35 2107 2107.00 2000.00 1 1 1 2000 -107
414000 1 0.25 414000 0.36 2150 2180.00 2000.00 1 1 1 2000 -180
422000 1 0.25 422000 0.37 2223 2223.00 2000.00 1 1 1 2000 -223
440000 1 0.25 440000 0.38 2317 231 7.00 2000.00 1 1 1 2000 -317
516000 1 0.25 516000 0.45 2718 271 8.00 2000.00 1 1 1 2000 -718
536000 1 0.25 536000 0.47 2823 2823.00 2000.00 1 1 1 2000 -823
606000 8 2.04 4848000 4.21 25533 3191.63 2000.00 1 1 8 16000 -9533
608000 1 0.25 608000 0.53 3202 3202.00 2000.00 1 1 1 2000 -1202
800000 1 0.25 800000 0.70 4213 421 3.00 4000.00 1 1 1 4000 -213
862000 1 0.25 862000 0.75 4540 4540.00 4000.00 1 1 1 4000 -540
1120000 1 0.25 1120000 0.97 5899 5899.00 4000.00 1 1 1 4000 -1899
1202000 1 0.25 1202000 1.04 6330 6330.00 6000.00 1 1 1 6000 -330
1900000 1 0.25 1900000 1.65 10007 10007.00 10000.00 1 1 1 10000 -7
2654000 1 0.25 2654000 2.31 13978 13978.00 12000.00 1 1 1 12000 -1978
4310000 3 0.76 12930000 11.24 68098 22699.33 20000.00 1 1 3 60000 -B098
5700000 3 0.76 17100000 14.86 90059 30019.67 28000.00 1 1 3 84000 -6059
5740000 3 0.76 17220000 14.97 90691 30230.33 28000.00 1 1 3 84000 -6691
6024000 6 1.53 36144000 31.41 190357 31726.17 28000.00 1 1 6 168000 -22357
Total 393 100 115064000 100 606000 106 606000 0

The Board of Directors of the company at its meeting heid on April 26,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited 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 will be dispatched to the address of the Applicants as registered with the depositories on or before April 27,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 27,2017. In case the same is not received within four working days, investors may contact Registrar 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 NSE Emerge Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated April 10,2017 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar 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 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, Lal Bahadur Shastri Marg,Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: (022) 49186200, Fax: (022) 49186195, E-mail: infobeans.ipo@linkintime.co.in, Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan, SEBI Registration No.: INR000004058

Date: April 27,2017

Place: Indore

For INFOBEANS TECHNOLOGIES LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

InfoBeans Technologies IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in InfoBeans Technologies IPO?

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

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

    Visit the InfoBeans Technologies IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is InfoBeans Technologies IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in InfoBeans Technologies 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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