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KMS Medisurgi IPO Details

Issue Open Apr 12, 2017
Issue Close Apr 17, 2017
IPO Price ₹30
Face Value ₹10
IPO Size ₹2.70 Cr
Listing At BSE SME
IPO Lot Size 4000

KMS MEDISURGI LIMITED

(C1N- U51397MH1999PLC119118)

Our Company was originally incorporated as 'KMS Medisurgi Private Limited' In Mumbai. Maharashtra under the provisions ot the Companies Act, 1956 vide Certificate of incorporation dated 25th March. 1999 bearing Registration Number 119118 issued by the Registrar of Companies. Mumbai. Maharashtra. Our Company was converted in to a Public United Company and consequently the name was changed to 'KMS Medisurgi United' vide fresh Certificate of Incorporation dated 15th June. 2016 issued by the Registrar of Companies, Mumbai. Maharashtra. The Corporate Identification Number of our Company is U51397MH1999PLC119118. For further details of Incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Corporate Structure' beginning on page 38 and 109 respectively of the Prospectus.

Registered Office: 297/301 May Building. Ground Floor. Marine Lines (East). Princess Street. Mumbai - 400 002. Maharashtra. India
Tel: + 91 -22-66107700/66107722; Fax: +91-22-22061111. Email: kms.medisurgi@gmail com; Website: www.kmsgroup.in
Company Secretary & Compliance Officer: Ms. Kirty Agarwal

PROMOTERS OF OUR COMPANY: MS. MONI DIAMONDS LIMITED, MR. GAURANG PRATAPRAI KANAKIA & MR, ANAND PRATAPRAI KANAKIA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 9,00,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF KMS MEDISURGI LIMITED ('KMS' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 30 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 270.00 LACS ('THE ISSUE'), OF WHICH, 52,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 8.48,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NETISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.27% AND 25.70%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 30th March. 2017 and as per Regulation 43 (4) of SEBl (ICDR) Regulations. 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) Individual applicants other than retail investors and b) other investors including corporate bodies / institutions inrespective of no. of shares applied for 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 SEBl (ICDR) Regulations. 2009. if the retail individual investor is entitled to more than frfty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS 30/- EACH. THE ISSUE PRICE IS 3.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON 12TH APRIL, 2017 AND CLOSED ON 17TH APRIL. 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBl (ICDR) Regulations. 2009 as amended from time to time. Company has received an approval letter dated 16th November, 2016 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. All Applicants are mandatorily 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 315 applications for 19.00.000 Equity Shares (Including Market Maker Application of 52.000 Equity Shares) resulting 2.111 times subscription. One (1) application of 4,000 Equity Shares was not banked, hence 314 applications for 18.96.000 Equity Shares (Including Market Maker Application of 52,000 Equity Shares) resulting 2.107 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows;

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 52,000 1.000
Other than Retail Individual Investor's 26 6, 96,000 1.642
Retail Individual Investor's 287 11,48,000 2.708
TOTAL 314 18,96,000 2.107

The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers Nil Nil
Other than Retai Individual Investor,s 1 12,000
Retail Individual Investor's 7 28,000
TOTAL 8 40,000

Details of the Valid Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 52,000 1.000
Other than Retai Individual Investor,s 25 6,84,000 1.613
Retail Individual Investor's 280 11,20,000 2.642
306 18,56,000 1.156

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 20th April. 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): 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 1.000 time. The total number of shares allotted in this category is 52.000 Equity shares in full out of reserved portion of 52.000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): 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 2.642 times. Total number of shares allotted in this category is 5.28,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. Of Applications % to total Total No. of Equity Shares applied % to 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
4000 280 100 1120000 100 528000 1885.71 4000 33:70 528000
TOTAL 280 100 1120000 100 528000 528000

C. Allocation to Non Retail 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 1.613 times. Total number of shares allotted in this category is 3,20.000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications % to total Total No. of Equity Shares applied % to 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)
8000 6 24.00 48000 7.02 22456 3742.67 4000 FIRM 24000 (1544)
12000 6 24.00 72000 10.53 33684 5614.00 4000 FIRM 24000 9684
4000 1:3 8000 (8000)
16000 2 8.00 32000 4.68 14971 7485.50 8000 FIRM 16000 (1029)
32000 1 4.00 32000 4.68 14971 14971.00 16000 FIRM 16000 (1029)
40000 8 32.00 320000 46.78 149708 18713.50 16000 FIRM 128000 21708
4000 5:8 20000 (20000)
60000 1 4.00 60000 8.77 28070 28070.00 28000 FIRM 28000 70
120000 1 4.00 120000 17.54 56140 56140.00 56000 FIRM 56000 140
TOTAL 25 100 684000 100 320000 320000 -

The Board of Directors of the Company at its meeting held on 20th April. 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/dispatch of share certificates to various successful applicants. The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 24th April. 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 24th April. 2017. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to then 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 The trading is proposed to be commenced on or before 25th April, 2017 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS 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 All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting fun name of the First/ Sote applicants, serial number of the Application Form, number of shares applied for and ASBA Bank 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.
Tel: +91 4067162222, Fax: + 91 402343 1551, Website: www.karisma.karvy.com. E-mail: kmsmedisurgi.ipo@karvy.com
Contact Person: Mr. M Murali Krishna. SEBl Registration: INR000000221

Place: Mumbai

Date : 20.04.2017

For KMS Medisurgi Limited
Sd/-
Gaurang Kanakia
Managing Director

KMS Medisurgi IPO Basis of Allotment FAQs

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

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

Visit the KMS Medisurgi 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 KMS Medisurgi IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).