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Jhandewalas Foods IPO Details

Issue Open Dec 29, 2017
Issue Close Jan 4, 2018
IPO Price ₹55
Face Value ₹10
IPO Size ₹16.01 Cr
Listing At BSE SME
IPO Lot Size 2000

JHANDEWALAS FOODS LIMITED

Our Company was originally incorporated as Jhandewala Foods Private Limited on August 14, 2006 with Registrar of Companies, Rajasthan as a private limited Company under the provisions of We Companies Act, 1956. The name of our Company was changed to Jhandewalas Foods Private Limited pursuant to shareholders resolution passed at the Extra-Ordinary General Meeting held on April 09,2010 and a Fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies. Rajasthan on April 14, 2010. Subsequently, Our Company was converted into a public limited Company pursuant to special resolution passed at the Annual General Meeting of our Company held on September 26,2017 and the name of our Company was changed to Jhandeawalas Foods Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Jaipur dated September 29, 2017. For further details of our Company, please refer 'General Information' and 'History and Certain Other Corporate Matter' on page numbers 30 and 94 respectively of the Prospectus.

CIN: U15209RJ2006PLC022941 | Reg. Office: B-70,1st Floor, Upasana House, Janta Store, Bapu Nagar. Jaipur- 302015, India.
Contact Person: Khushbu Agrwal Company Secretary and Compliance Officer | Tel: +91-141-2703309 | Website: www.jhandewalas.com |
E-mail: cs.jfpi@namans.co.in

PROMOTERS OF OUR COMPANY: RAAKESH B, KULWAL AND JINKO DEVI KOOLWAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 29,10,000 EQUITY SHARES OF A FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF JHANDEWALAS FOODS LIMITED ('OUR COMPANY' OR 'JFL' OR THE ISSUER') FDR CASH AT A PRICE Of RS 55 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS .45.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 1600.50 LAKHS ('THE ISSUE') OF WHICH 1,50,000 EQUITY SHARES AGGREGATING TO RS 82.50 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION IE. ISSUE OF 27,60,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 55.00 PER EQUITY SHARE AGGREGATING TO RS 1518.00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.36% AND 26.90%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TERMS OF THE ISSUE ON PAGE 175 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTEH 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 182 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 55.00,
THE ISSUE PRICE IS 5.50 TIMES OF THE FACE VALUE.

ISSUE OPENED ON FRIDAY, DECEMBER 29, 2017 AND CLOSED ON THURSDAY JANUARY 04, 2018.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated December 15.2017 from BSE Limited for using its name in the offer document for listing of our Shares on the SME platform of BSE Limited. The designated stock exchange is BSE Limited ('BSE').The trading is proposed to be commenced on or about January 12, 2018*.
* Subject to receipt of listing and trading approvals from BSE 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 61677 applications for 76,76,48,000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 1,50,000 Equity Shares) resulting in 263.79 times subscription. After considering, a Technical Rejection case, the Issue was subscribed 263.09 times (including the Market Maker Portion). The details of the applications received in The issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

Category Number of Applications % to Total Number of Equity Shares % to Tolal Subscription (Times)
Market Maker 1 0.002 1,50,000 0.02 1.00
Retail Individual Investors 60809 99.58 121618000 15.84 88.13
Other than Retail Individual Investors 872 1.41 645890000 84.14 468.04
TOTAL 61682 100.00 767658000 100 00 263.80

Tlie 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 971 1942000
Other than Retail Individual Investors 5 110000
TOTAL 976 2052000

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

Category Number of Applications % to Total Proportionate
Shares Available
Valid Shares Applied % to Total Subscription
(Times)
Market Maker 1 0.002 150000 150000 0.02 1.00
Retail Individual Investors 59,838 98.57 1380000 119,676,000 15.63 86.72
Other than Retail Individual Investors 867 1.43 1580000 645,780,000 84.35 467.96
TOTAL 60706 100.000 2910000 765606000 100.00 263.09

ALLOCATION: The Basis ol Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on January 09. 2018

A. ALLOCATION TO MARKET MAKER (AFTER TECHNICAL REJECTIONS & WITHDRAWAL): The Basis of Allotment to the Market Maker, at the Issue price of Rs 55 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 1,50,000 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 55 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 86.72 times. Total number of shares allotted in this category is 13,80,000 Equity Shares to 690 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Equity
Snares
Applied for
(Category
wise)
No.of
Appli
cations
received
%
to
Total
Total No.
of Equity
Shares app
lied in this
Category
%
of
Total
Propor-
tionate
Shares
Available
Allocation
per Applicant
(before
rounding off)
Allocation
per Applicant
(after
rounding off)
Ratio of
Allottees
to
Appli
cants
Number of
Successful
applicants
(After round-
ing off)
Total No
of Equity
Shares
allocated
allotted
No. of
Shares
Surplus
Deficit
2000 59838 100 119676000 100 1380000 23.06 2000 115:9973 690 1380000 0
TOTAL 59838 100 119676000 100 1380000 690 1380000 0

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 55 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 467.98 times. Total number of shares allotted in this category is 13,80,000 Equity Shares to 255 successful applicants.
The category wise basis of allotment is as under:

No. of Equity
Snares
Applied for
(Category
wise)
No.of
Appli
cations
received
%
to
Total
Total No.
of Equity
Shares app
lied in this
Category
%
of
Total
Propor-
tionate
Shares
Available
Allocation
per Applicant
(before
rounding off)
Allocation
per Applicant
(after
rounding off)
Ratio of
Allottees
to
Appli
cants
Number of
Successful
applicants
(After round-
ing off)
Total No
of Equity
Shares
allocated
allotted
No. of
Shares
Surplus
Deficit
4000 264 30.45 1056000 0.16 2257 8.55 2000 1:264 1 2000 (257)
6000 79 9.11 474000 0.07 1013 12.82 2000 1:79 1 2000 987
8000 27 3.11 216000 0.03 462 17.10 2000 0:0 0 0 (462)
10000 27 3.11 270000 0.04 577 21.37 2000 0:0 0 0 (577)
12000 12 1.38 144000 0.02 308 25.64 2000 0:0 0 0 (308)
14000 13 1.50 182000 0.03 389 29.92 2000 0:0 0 0 (389)
16000 16 1.85 256000 0.04 547 34.19 2000 0:0 0 0 (547)
18000 23 2.65 414000 0.06 885 38.47 2000 1:23 1 2000 1115
20000 13 1.50 260000 0.04 556 42.74 2000 0:0 0 0 (556)
22000 2 0.23 44000 0.01 94 47.01 2000 0:0 0 0 (94)
24000 8 0.92 192000 0.03 410 51.29 2000 0:0 0 0 (410)
26000 7 0.81 182000 0 03 389 55.56 2000 0:0 0 0 (389)
28000 4 0.46 112000 0.02 239 59.83 2000 0:0 0 0 (239)
30000 8 0.92 240000 0.04 513 64.11 2000 0:0 0 0 (513)
32000 2 0.23 64000 0.01 137 68.38 2000 0:0 0 0 (137)
34000 4 0.46 136000 0.02 291 72.66 2000 0:0 0 0 (291)
36000 8 0.92 286000 0.04 615 76.93 2000 0:0 0 0 (615)
38000 3 0.35 114000 0.02 244 81.20 2000 0:0 0 0 (244)
40000 3 0.35 120000 0.02 256 85.48 2000 0:0 0 0 (256)
42000 1 0.12 42000 0.01 90 89.75 2000 0:0 0 0 (90)
44000 8 0.92 352000 0.05 752 94.03 2000 1:8 1 2000 1248
46000 1 0.12 46000 0.01 98 98.30 2000 0:0 0 0 (98)
48000 2 0.23 96000 0.01 205 102.57 2000 0:0 0 0 (205)
50000 5 0.58 250000 0.04 534 106.85 2000 0:0 0 0 (534)
52000 7 0.81 364000 0.06 778 111.12 2000 1:7 1 2000 1222
54000 1 0.12 54000 0.01 115 115.40 2000 0:0 0 0 (115)
56000 2 0.23 112000 0.02 239 119.67 2000 0:0 0 0 (239)
58000 3 0.35 174000 0.03 372 123.94 2000 0:0 0 0 (372)
60000 1 0.12 60000 0.01 128 128.22 2000 0:0 0 0 (128)
62000 4 0.46 248000 0.04 530 132.49 2000 0:0 0 0 (530)
66000 2 0.23 132000 0.02 282 141.04 2000 0:0 0 0 (282)
68000 3 0.35 204000 0.03 436 145.31 2000 0:0 0 0 (436)
70000 2 0.23 140000 0.02 299 149.59 2000 0:0 0 0 {299)
72000 3 0.35 216000 0.03 462 153.86 2000 0:0 0 0 (462)
82000 3 0.35 246000 0.04 526 175.23 2000 0:0 0 0 (526)
90000 3 0.35 270000 0.04 577 192.33 2000 0:0 0 0 (577)
92000 2 0.23 184000 0.03 393 196.60 2000 0:0 0 0 (393)
94000 1 0.12 94000 0.01 201 200.87 2000 0:0 0 0 (201)
98000 2 0.23 196000 0.03 419 209.42 2000 0:0 0 0 (419)
100000 3 0.35 300000 0.05 641 213.70 2000 1:3 1 2000 1359
102000 1 0.12 102000 0 02 218 217.97 2000 0:0 0 0 (218)
106000 1 0.12 10600D 0.02 227 226.52 2000 0:0 0 0 (227)
112000 1 0.12 112000 0.02 239 239.34 2000 0:0 0 0 (239)
118000 1 0.12 118000 0.02 252 252.16 2000 0:0 0 0 (252)
120000 1 0.12 120000 0.02 256 256.43 2000 0:0 0 0 (256)
122000 1 0.12 122000 0.02 261 260.71 2000 0:0 0 0 (261)
126000 2 0.23 252000 0.04 539 269.26 2000 0:0 0 0 (539)
132000 1 0.12 132000 0.02 282 282.08 2000 0:0 0 0 (282)
138000 1 0.12 138000 0.02 295 294.90 2000 0:0 0 0 (295)
144000 1 0.12 144000 0.02 308 307.72 2000 0:0 0 0 (308)
146000 1 0.12 146000 0.02 312 311.99 2000 0:0 0 0 (312)
156000 1 0.12 156000 0.02 333 333.36 2000 0:0 0 0 {333)
158000 1 0.12 158000 0.02 238 337.64 2000 0:0 0 0 (338)
160000 1 0.12 160000 0.02 342 341.91 2000 0:0 0 0 (342)
162000 1 0.12 162000 0.03 346 346.19 2000 0:0 0 0 (346)
170000 1 0.12 170000 0.03 363 363.28 2000 0:0 0 0 (363)
174000 1 0.12 174000 0.03 372 371.83 2000 0:0 0 0 (372)
180000 6 0.69 1080000 0.17 2308 384.65 2000 1:6 1 2000 (308)
182000 1 0.12 182000 0.03 389 388.93 2000 0:0 0 0 (389)
186000 1 0.12 186000 0.03 397 397.47 2000 0:0 0 0 (397)
200000 1 0.12 200000 0.03 427 427.39 2000 0:0 0 0 (427)
216000 1 0.12 216000 0.03 462 461.58 2000 0:0 0 0 (462)
220000 1 0.12 220000 0.03 470 470.13 2000 0:0 0 0 (470)
224000 1 0.12 224000 0.03 479 478.68 2000 0:0 0 0 (479)
238000 1 0.12 238000 0.04 509 508.59 2000 0:0 0 0 (509)
240000 1 0.12 240000 0.04 513 512.87 2000 0:0 0 0 (513)
252000 1 0.12 252000 0.04 539 538.51 2000 0:0 0 0 (539)
264000 1 0.12 264000 0.04 564 564.15 2000 0:0 0 0 (564)
268000 1 0.12 268000 0.04 573 572.70 2000 0:0 0 0 (573)
290000 1 0.12 290000 0.04 620 619.72 2000 0:0 0 0 (620)
304000 2 0.23 608000 0.09 1299 649.63 2000 1:2 1 2000 701
330000 1 0.12 330000 0.05 705 705.19 2000 1:1 1 2000 1295
348000 1 0.12 348000 0.05 744 743.66 2000 1:1 1 2000 1256
364000 1 0.12 364000 0.06 778 777.85 2000 1:1 1 2000 1222
382000 1 0.12 382000 0.06 816 816.32 2000 1:1 1 2000 1184
390000 1 0.12 390000 0.06 833 833.41 2000 1:1 1 2000 1167
400000 1 0.12 400000 0.06 855 854.78 2000 1:1 1 2000 1145
502000 1 0.12 502000 0.08 1073 1072.75 2000 1:1 1 2000 927
516000 1 0.12 516000 0.08 1103 1102.67 2000 1:1 1 2000 897
544000 1 0.12 544000 0.08 1163 1162.50 2000 1:1 1 2000 837
818000 1 0.12 818000 0.13 1748 1748.03 2000 1:1 1 2000 252
908000 2 0.23 1816000 0.28 3881 1940.35 2000 1:1 2 4000 119
1000000 1 0.12 1000000 0.15 2137 2136.95 2000 1:1 1 2000 (137)
1042000 1 0.12 1042000 0.16 2227 2226.70 2000 1:1 1 2000 (227)
1090000 1 0.12 1090000 0.17 2329 2329.28 2000 1:1 1 2000 (329)
1200000 1 0.12 1200000 0.19 2564 2564.34 2000 1:1 1 2000 (564)
1244000 1 0.12 1244000 0.19 2658 2658.37 4000 1:1 1 4000 1342
1426000 1 0.12 1426000 0.22 3047 3047.29 4000 1:1 1 4000 953
1454000 2 0.23 2908000 0.45 6214 3107.13 4000 1:1 2 8000 1786
1500000 1 0.12 150000 0.23 3205 3205.43 4000 1:1 1 4000 795
1638000 1 0.12 1638000 0.25 3500 3500.33 4000 1:1 1 4000 500
1818000 6 0.69 10908000 1.69 23310 3884.98 4000 1:1 6 24000 690
2000000 1 0.12 2000000 0.31 4274 4273.90 4000 1:1 1 4000 (274)
2090000 1 0.12 2090000 0.32 4466 4466.23 4000 1:1 1 4000 {466)
2272000 4 0.46 9088000 1.41 19421 4855.15 4000 1:1 4 16000 (3421)
2272000 0.00 0.00 2000 1:2 4000 4000
2700000 3 0.35 8100000 1.25 17309 5769.77 6000 1:1 3 18000 691
2726000 27 3.11 73602000 11.40 157284 5825.33 4000 1:1 27 108000 (49284)
2726000 0.00 0.00 2000 25:27 50000 50000
2754000 5 0.58 13770000 2.13 29426 5885.16 6000 1:1 5 30000 574
2760000 178 20.53 491280000 76.08 1049839 5897.98 4000 1:1 178 712000 (337839)
2760000 2000 169:178 338000 338000
TOTAL 867 100 645780000 100 1380000 255 1380000 0

The Board of Directors of the Company at its meeting held on January 10.2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited (BSE) and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with The depositories / as filed in the application form on January 11, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on January 10, 2018. 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.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 19,2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.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:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor. Bharat Tin Works Bhuilding. Opposite Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai - 400 059.
Tel. No.: +91 22-62638200 | Fax Na.: +91 22-62638299
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Investor Grievance Email: ipo@bigshareonline.com | Contact Person: Nilesh Chalke
SEBI Registration Number: INR000001385

Place : Jaipur

Date : January 10, 2018

For Jhandewalas Foods Limited
On behalf of Board of Directors
Sd/-
Raakesh B. Kulwal
Managing Director

Jhandewalas Foods IPO Basis of Allotment FAQs

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

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

Visit the Jhandewalas Foods 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 Jhandewalas Foods 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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