Kaarya Facilities IPO Details

Issue Open Oct 12, 2017
Issue Close Oct 17, 2017
IPO Price ₹40
Face Value ₹10
IPO Size ₹6.40 Cr
Listing At BSE SME
IPO Lot Size 3000

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

KAARYA FACILITIES AND SERVICES LIMITED
Corporate Identity Uumber: - U93090MH2009PLC190063

Our Company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai dated February 3, 2009 with the name 'Kaarya Facilities and Services Private Limited'- Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholder at an extraordinary general meeting held on July 31, 2017 and consequently, the name of our Company was changed to 'Kaarya Facilities and Services Limited' and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies. Maharashtra, Mumbai on August 14, 2017. For further details of our Company please refer 'General information' and 'History and Certain Other Corporate Matters' on page 43 and 91, respectively of the Prospectus

Registered Office: 217, Gemstar Commercial Complex, Ramchandra Lane Extn., Malad (West), Mumbai - 400 064, Maharashtra, India
Tel: +91 224003 0768 | E-mail: info@kaarya.co.in  | Website: www.kaarya.co.in
Contact Person: Vidhi Patel, Company Secretary and Compliance Officer | Tel: +91 22 4003 0768.

PROMOTERS OF THE COMPANY: VINEET PANDEY AND VISHAL PANCHAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 15,99,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF KAARYA FACILITIES AND SERVICES LIMITED ('OUR COMPACT OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 30.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 639.60 LAKHS ('THE ISSUE') OF THE ISSUE, 81,000 EQUITY SHARES AGGREGATING TQ f 32.40 LAKHS WILL FJE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (LMARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,18.000 EQUnY SHAHE5 OF FACE VALUE OF ? 10.OD EACH AT AN ISSUE PRICE OF ? 4D.0D PER EDUITY SHARE AGGREGATING TO ? 6D7.20 LAKHS 15 HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 34.20% AND 32.47%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY

THIS BEING A FIXED PRICE. AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'),
OOT OF THE NET ISSUE OF 15,18,000 EQUITY SHARES. NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS., THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH
AND THE ISSUE PRICE OF RS 40.00 IS 4.0 TIMES OF THE FACE VALUE.
ISSUE OPENED ON OCTOBER 12, 2017 AND CLOSED ON OCTOBER 17, 2017.
PROPOSED LISTING: FRIDAY, OCTOBER 27, 2017

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE. In terms of the Chapter XB of the -SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated September 21,2017 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue. BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from FRIDAY, OCTOBER 27, 2017*.

*Subject to receipt of listing and trading approvals from the BSE.

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 5852 applications for 28,773,000 Equity Shares resulting in 17.99 times subscription (including reserved portion of Market Maker). The details of the applications revived in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

Category Number ol Applications % to Total Number ol Equity Shares % to Total Subscription (Tirnes|
Market Maker 1 0.02 81000 0.28 1.00
Retail Individual Investors 5776 98.70 17328000 60.22 22.83
Non Retail Investors 75 1.28 11364000 39.50 14.97
TOTAL 5852 100.00 28773000 100.00 17.99

The details of applications rejected by the Registrar on Technical grounds/ withdrawal are detailed below; Technical rejection / Withdrawal

Categary No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 55 165000
Non Retail Investors 2 12000
TOTAL 57 177000

After eliminating technically rejected applications, the following tables gives the details of Category wise net valid applications: After technical rejections

Category No. of
Applicalions
% to
Total
No. of Equity
Shares
(Valid)
% to
Total
Subscription
(Times)
Proportionate No. of Equity Shares
(Allocated) After Rounding off*
Market Maker 1 0.02 81000 0.28 1 81000
Retail Individual Investors 5721 98.72 17163000 60.02 18.76 915000
Non Retail Investors 73 1.26 11352000 39.70 10.83 603000
TOTAL 5795 100.00 28596000 100.00 17.88 1599000

* Retail individual investor has subscribe to the extend 60.19% of the net issue. Hence they were offered 60.23% ot net issue of 1,518,000 shares i.e. 9,15,000 shares (after round in off) and balance 39.72% aggregating to 603,000 out of 11,352,000 shares were received as valid under HNI category allotted to non-retails category.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on October 24, 2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 81,000 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 40 per Equity Share, was linalizad in consultation with BSE. The category was subscribed 13.76 times. The total number of shares allotted in this category is 915000 Equity Shares to 305 successful applicants. The retail category has applied for 60.28%  of the valid applications under the net ofter to public.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for (Category wise)
No. of
Applications receives
% to Total Total No of
Shares Applied
in each category
% of Total Proportionate
Shares Available
Allocation per
Applicant Before
Rounding Off
Allocation per
Applicant After
Rounding Off
Ratio of
Allottees to
Applicants
Total No.
oF
Shares
Allotted
Surplus /Deficit
3000 5721 100.00 17163000 100.00 915000 159.94 3000 305:5721 915000 Nil
TOTAL 5721 100.00 17163000 100.00 915000 915000 Nil

C. Allocation to Non Retaill Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the Issue price of  Rs 40 per Equity Share, was finalized in consultation with BSE. The category was subscribed 18.83 times. The total number of shares allotted in this category is 603000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for (Category wise)
No. of
Applications receives
% to Total Total No of
Shares Applied
in each category
% of Total Proportionate
Shares Available
Allocation per
Applicant Before
Rounding Off
Allocation per
Applicant After
Rounding Off
Ratio of
Allottees to
Applicants
Total No.
oF
Shares
Allotted
Surplus /Deficit
6000 7 9.59 42000 0.37 2231 318.71 3000 1:7 3000 -769
9000 7 9.59 63000 0.55 3346 478.07 3000 1:7 3000 346
12000 5 6.85 60000 0.53 3187 637.42 3000 1:5 3000 187
15000 3 4.11 45000 0.40 2390 796.78 3000 1:3 3000 -610
24000 1 1.37 24000 0.21 1275 1274.84 3000 1:1 3000 -1725
27000 1 1.37 27000 0.24 1434 1434.20 3000 1:1 3000 -1566
30000 1 1.37 30000 0.26 1594 1593.55 3000 1:1 3000 -1406
33000 1 1.37 33000 0.29 1753 1752.91 3000 1:1 30D0 -1247
36000 1 1.37 36000 0.32 1912 1912.26 3000 1:1 3000 -1088
48000 1 1.37 48000 0.42 2550 2549.68 3000 1:1 3000 -450
54000 4 5.48 216000 1.90 11474 2868.39 3000 1:1 12000 -526
57000 1 1.37 57000 0.50 3028 3027.75 3000 1:1 3000 28
60000 2 2.74 120000 1.06 6374 3187.10 3000 1:1 6000 374
63000 1 1.37 63000 0.55 3346 3346.46 3000 1:1 3000 346
75000 3 4.11 225000 1.98 11952 3983.88 3000 1:1 9000 2952
93000 2 2.74 186000 1.64 9330 4940.01 6000 1:1 12000 -2120
99000 1 1.37 99000 0.87 5259 5258.72 6000 1:1 6000 -741
102000 1 1.37 102000 0.90 5418 5418.08 6000 1:1 6000 -582
105000 2 2.74 210000 1.85 11155 5577.43 6000 1:1 12000 -845
108000 1 1.37 108000 0.95 5737 5736.79 6000 1:1 6000 -263
120000 1 1.37 120000 1.06 6374 6374.21 6000 1:1 6000 374
123000 2 2.74 246000 2.17 13067 6533.56 6000 1:1 12000 1067
126000 2 2.74 252000 2.22 13386 6692.92 6000 1:1 12000 1386
174000 1 1.37 174000 1.53 9243 9242.60 9000 1:1 9000 243
180000 3 4.11 540000 4.76 28684 9561.31 9000 1:1 27000 1684
198000 2 2.74 396000 3.49 21035 10517.44 9000 1:1 18000 3035
3000 1:2 3000 -3000
240000 5 6.85 1200000 10.57 63742 12748.41 12000 1:1 60000 3742
249000 1 1.37 249000 2.19 13226 13226.48 12000 1:1 12000 1226
252000 1 1.37 252000 2.22 13386 13385.84 12000 1:1 12000 1386
375000 2 2.74 750000 6.61 39839 19919.40 21000 1:1 42000 -2161
384000 1 1.37 384000 3.38 20397 20397.46 21000 1:1 21000 -603
498000 1 1.37 498000 4.39 26453 26452.96 27000 1:1 27000 -547
750000 3 4.11 2250000 19.82 119516 39838.79 39000 1:1 117000 2516
999000 1 1.37 999000 8.80 53065 53065.27 54000 1:1 54000 -935
1248000 1 1.37 1248000 10.99 66292 66291.75 66000 1:1 66000 292
TOTAL 73 100.00 11352000 100.00 603000 603000 0

The Board of Directors of the Company at its meeting held on October 24, 2017 has taken on record the Basis of Allocation of Equity Shares 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 on or before October 26, 2017. Further the instructions to Self Certified Syndicate Banks are being processed on or prior to October 25,2017, 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 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 September 26, 2017 ('Prospectus')

INVESTOR PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, KARVY COMPUTERSHARE PRIVATE LIMITED at www.karvycomputershare.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, Finacial District, Nanakramguda, Hyderabad-500032, Telangana, India.
Tel. No.: +91 40-6716 2222 | Fax No: +91 402343 1551 | Website: www.karisma.karvy.com
Email: einward.ris@karvy.com | Investor Grievance Email: kaarya.ipo@karvy.Com
Contact Person: M Murali Krishna | SEBI Regn. No.: INR000000221

Place: Mumbai
Date : October 25, 2017
For KAARYA FACILITIES AND SERVICES LIMITED
On behalf of the Board of Directors
Sd/-
Jt. Managing Director

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 PROSPECTUS OF KAARYA FACILITIES AND SERVICES LIMITED.

Kaarya Facilities IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Kaarya Facilities IPO?

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

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

    Visit the Kaarya Facilities IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Kaarya Facilities IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Kaarya Facilities 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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