Kapston Facilities Management IPO Details

Issue Open Mar 21, 2018
Issue Close Mar 23, 2018
IPO Price ₹92
Face Value ₹10
IPO Size ₹21.20 Cr
Listing At NSE SME
IPO Lot Size 1200

KAPSTON FACILITIES MANAGEMENT LIMITED
Corporate Identification Number: U15400TG2009PLC062658

Our Company was originally incorporated on January 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Andhra Pradesh as "Kapston Facilities Management Private Limited" vide Certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh. Subsequently, the shareholders of our Company vide special resolution passed at the extra-ordinary general meeting held on January 11, 2018, approved the conversion of our company from Private Limited to Public Limited and the fresh Certificate of Incorporation consequent upon conversion of Company was issued to Kapston Facilities Management Limited on January 29, 2018 by the Registrar of Companies, Hyderabad.

Registered Office: Plot No. 287, MIG-2, IX Phase KPHB, Kukatpally, Hyderabad - 500072, Telangana.
Corporate Office: #1 -98 / 9 / 3 / 23 Plot No. 12E, Jai hind Colony, Madhapur, Hyderabad - 500081, Telangana.
Tel No.: +98 48778241 | Email: cs@kapstonfm.com | Website: www.kapstonfm.com
Contact Person: Ms. Amreen Gulnaaz, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: Srikanth Kodali & Radha Krishna Pinnamaneni

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 23,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF KAPSTON FACILITIES MANAGEMENT LIMITED (THE "KFML" OR "COMPANY") FOR CASH AT A PRICE OF RS 92 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 82 PER EQUITY SHARE (THE "OFFER PRICE"), AGGREGATING TO RS 2119.68 LAKHS ("THE OFFER") CONSISTING OF A FRESH ISSUE OF 11,52,000 EQUITY SHARES AGGREGATING TO RS 1059.84 LAKHS ("FRESH ISSUE") AND AN OFFER FOR SALE OF 11,52,000 EQUITY SHARES, INCLUDING 10,50,070 EQUITY SHARES BY MR. SRIKANTH KODALI AND UPTO 1,01,930 EQUITY SHARES BY MR. RADHA KRISHNA PINNAMANENI ("THE PROMOTER SELLING SHAREHOLDERS") AGGREGATING TO RS 1059.84 LAKHS ("OFFER FOR SALE"), OF WHICH 1,17,600 EQUITY SHARES OF FACE VALUE RS 10 EACH FOR CASH AT A PRICE OF RS 92 PER EQUITY SHARE, AGGREGATING RS 108.19 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 21,86,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.50% AND 25.15% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH
AND THE OFFER PRICE IS 9.2 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
OFFER OPENED ON MARCH 21, 2018 AND CLOSED ON MARCH 23, 2018.

In terms of Prospectus dated March 14, 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein

(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.

(b) the balance net offer of shares to the public shall be made available for allotment to

(i) individual applicants other than retail investors and

(ii) other investors including corporate bodies / institutions irrespective of no. of shares applied for.

(c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "offer Procedure" on page 236 of the Prospectus.

Listing:- The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received an in principal approval letter dated March 14, 2018 from NSE for using its name in the offer Document for listing of our Shares on SME Platform of National Stock Exchange of India Limited. The Designated Stock Exchange is SME Emerge Platform of the National Stock Exchange of India Limited (NSE EMERGE)

SUBSCRIPTION DETAILS

The Issue has received 1214 applications for 2577600 Equity shares (Before Technical Rejections) (including Market Maker Application of 117600 Equity Shares) resulting 1.12 times subscription. After considering, Technical Rejection cases, the issue was subscribed 1.11 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 117600 10819200
Other than Retail Individual Investor's 42 1054800 97041600
Retail Individual Investor's 1171 1405200 129278400
TOTAL 1214 2577600 237139200

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers - -
Other than Retail Individual Investor's 2 6000
Retail Individual Investor's 12 14400
TOTAL 14 20400

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION REVISED
SUBSCRIPTION
Market Makers 1 117600 10819200 10819200
Other than Retail Individual Investor's 40 1048800 96489600 96489600
Retail Individual Investor's 1159 1390800 127953600 104659200
TOTAL 1200 2557200 235262400 211968000

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on March 28, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the offer price of Rs 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1 times. The total number of shares allotted in this category is 117600 Equity Shares in full out of reserved portion of 117600 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 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.222 times. Total number of shares allotted in this category is 1137600 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
% of
total
Proportionate
Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant (After
Rounding On)
Ratio of
Allottees to
the Applicants
Total No. of
Equity Shares
allotted
Surplus/
(Deficit)
1200 1159 100 1390800 100 1137600 981.54 1200 9 11 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the offer price of Rs 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.96 times. Total number of shares allotted in this category is 10,48,800 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
% of
total
Proportionate
Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant (After
Rounding Off)
Ratio of
Allottees to
the Applicants
Total No. of
Equity Shares
allotted
Surplus/
(Deficit)
2400 9 22.50 21600 2.06 22514 2400.00 2400 1 1 -914
3600 3 7.50 10800 1.03 11257 3600.00 3600 1 1 -457
4800 2 5.00 9600 0.92 10006 4800.00 4800 1 1 -406
6000 6 15.00 36000 3.43 37524 6000.00 6000 1 1 -1524
8400 2 5.00 16800 1.60 17511 8400.00 8400 1 1 -711
9600 1 2.50 9600 0.92 10006 9600.00 9600 1 1 -406
10800 1 2.50 10800 1.03 11257 10800.00 10800 1 1 -457
12000 2 5.00 24000 2.29 25016 12000.00 12000 1 1 -1016
15600 1 2.50 15600 1.49 16260 15600.00 15600 1 1 -660
18000 1 2.50 18000 1.72 18762 18000.00 18000 1 1 -762
26400 2 5.00 52800 5.03 55035 26400.00 26400 1 1 -2235
37200 1 2.50 37200 3.55 38775 37200.00 37200 1 1 -1575
48000 1 2.50 48000 4.58 50032 48000.00 48000 1 1 -2032
54000 3 7.50 162000 15.45 168858 54000.00 54000 1 1 -6858
108000 4 10.00 432000 41.19 450288 108000.00 108000 1 1 -18288
144000 1 2.50 144000 13.71 150096 144000.00 144000 1 1 -6096

The Board of Directors of the Company at its meeting held on March 28, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before April 03, 2018. Further, the instructions to SCSBs shall be issued on March 31, 2018 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before April 04, 2018 subject to receipt of listing and trading approvals from NSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Offer at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First / Sole applicant, 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 Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai 400059. | Tel.: 022 6263 8200 | Fax: 022 6263 8299
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Babu Rapheal | SEBI Registration No: INR000001385

Place: Hyderabad, Telangana
Date: March 29, 2018
For KAPSTON FACILITIES MANAGEMENT LIMITED
On Behalf of the Board of Directors
Sd/-
Amreen Gulnaaz
Company Secretary and Compliance Officer

Kapston Facilities Management IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Kapston Facilities Management IPO?

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

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

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

  3. 3. What is Kapston Facilities Management IPO allotment process?

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