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Lexus Granito IPO Details

Issue Open Aug 9, 2017
Issue Close Aug 11, 2017
IPO Price ₹45
Face Value ₹10
IPO Size ₹25.92 Cr
Listing At NSE SME
IPO Lot Size 3000

LEXUS GRANITO (INDIA) LIMITED

Our Company was originally formed and registered as a partnership firm at Morbi, Gujarat under the Indian Partnership Act, 1932 in the name of 'M/S Vitco Vitrified' pursuant to a Deed of Partnership/Co-parcenery dated May 05, 2008. 'M/S Vitco Vitrified' was then converted into a Joint Stock Company under part IX of the Companies Act, 1956 under the name of 'Vitco Vitrified Private Limited' vide Certificate of Incorporation dated May 08, 2008 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli bearing Corporate Identification Number U26914GJ2008PTC053838. Subsequently the name of company was changed to 'Lexus Granito (India) Private Limited' and a fresh Certificate of Incorporation pursuant to change of name was issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli on June 26, 2010. Subsequently, Our company was converted into Public Company pursuant to shareholders resolution passed at the Extraordinary General Meeting held on April 13, 2017 and name of company was changed to 'Lexus Granito (India) Limited' pursuant to issuance of fresh Certificate of Incorporation dated April 28, 2017 by Registrar of Companies, Ahmedabad. The Corporate Identification Number of our company is U26914GJ2008PLC053838. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 72 and 170 respectively of the Prospectus.

Registered Office: Survey No. 800,0pp. Lakhdhirpur Village, Lakhdhirpur Road, N. H. 8A, Tal. Morbi, Lakhdhirpur, Rajkot - 363642, Gujarat, India;
Tel No.: +91 7567500110; Fax No.: Not Available E-mail: info@lexustile.com ; Website: www.lexustile.com ; Contact Person: payal Jain, Company Secretary and Compliance officer

PROMOTERS OF OUR COMPANY: NILESH DETROJA, HITESH DETROJA, ANILKUMAR DETROJA & PAVAN BLACKROCK PRIVATE LIMITED

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 57,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) AGGREGATING RS. 2592.00 LAKHS (THE 'ISSUE'), OF WHICH 3,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 135.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 54,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 2457.00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.00% AND 28.45% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risks to Investors:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Pavan Blackrock Private Limited is Rs.12.71, Anilkumar Detroja is Rs. 34.61, Nilesh Detroja is Rs. 21.28 and Hitesh Detroja is Rs. 19.89.
In terms of Prospectus dated August 14,2017 and as per SEBI (ICDR) Regulations, 2009 wherein

A. minimum of 30% of Net Issue shall be allocated to QIBs. However, 84,000 Equity shares consisting of 5.12% the QIB Portion shall be available for allocation proportionately to Mutual fund,

B. 35% of the Net Issue shall be allocated to Retail Individual Investors and Non-Institutional Investors respectively.

All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter Issue Procedure' on page 304 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 45/-AND IS 4.5 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: WEDNESDAY, AUGUST 09, 2017 AND CLOSED ON: FRIDAY, AUGUST 11, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE 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 approval letter dated July 17,2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 25,485 applications for 20,48,88,000 Equity shares (Before Technical Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 3,00,000 Equity Shares. The issue was subscribed to the extent of 35.46 times as per the application data (before technical rejection, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the issue was subscribed 34.90 times.
The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids and application banked, bid not registered)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 3,00,000 1.00
QIB 5 50,04,000 3.05
Other than Retail Individual Investor's 419 12,36,09,000 64.68
Retail Individual Investor's 24,559 7,36,77,000 38.55
TOTAL 24,984 20,25,90,000 35.17

Final Demand

Sr.No. Bid
Price
No. of
Equity Shares
Bid for
% to
total
Cumulative
total
% of
Cumulative total
1. 41 1,44,000 0.07 1,44,000 0.07
2. 42 6,000 0.00 1,50,000 0.07
3. 43 27,000 0.01 1,77,000 0.08
4. 44 9,000 0.00 1,86,000 0.09
5. 45 18,43,44,000 90.25 18,45,30,000 90.34
CUT-OFF 1,97,28,000 9.66 20,42,58,000 100.00
Total 20,42,58,000 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on August 18, 2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,00,000 Equity shares in full out of reserved portion of 3,00,000 Equity Shares.

B. Allocation to Qualified Institutional Investors (After Technical Rejections): The Basis of Allotmentto the Qualified Institutional Investors, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 3.05 times. The total number of shares allotted in this category is 16,38,000 Equity shares in full out of reserved portion of 16,38,000 Equity Shares.

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
%
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)
4,20,000 1 20.00 4,20,000 8.39 1,37,482 1,37,482.01 1,38,000 1:1 1,38,000 518
7,77,000 1 20.00 7,77,000 15.53 2,54,342 2,54,341.73 2,55,000 1:1 2,55,000 658
9,21,000 1 20.00 9,21,000 18.41 3,01,478 3,01,487.42 3,00,000 1:1 3,00,000 -1478
11,10,000 1 20.00 11,10,000 22.18 3,63,345 3,63,345.32 3,63,000 1:1 3,63,000 -345
17,76,000 1 20.00 17,76,000 35.49 5,81,353 5,81,352.52 5,82,000 1:1 5,82,000 647

C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 37.93 times. Total number of shares allotted in this category is 19,11,000 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
%
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)
3,000 24,163 100 7,24,89,000 100 19,11,000 79.09 3,000 637:24163 19,11,000 0

D. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotmentto other than Retail Individual Investors, atthe issue price of Rs 72/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 64.48 times. Total number of shares allotted in this category is 19,11,000 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
%
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)
6,000 117 28.89 7,02,000 0.57 10,887 93.05 3,000 3:117 9,000 1,887
9,000 44 10.86 3,96,000 0.32 6,141 139.57 3,000 2:44 6,000 -141
12,000 33 8.15 3,96,000 0.32 6141 186.09 3,000 2:33 6,000 -141
15,000 24 5.93 3,60,000 0.29 5,583 232.62 3,000 2:24 6,000 417
18,000 19 4.69 3,42,000 0.28 5,304 279.14 3,000 2:19 6,000 696
21,000 5 1.23 1,05,000 0.09 1,628 325.66 3,000 1:5 3,000 1,372
24,000 2 0.49 48,000 0.04 744 372.19 3,000 1:2 3,000 2,256
27,000 6 1.48 1,62,000 0.13 2,512 418.71 3,000 1:6 3,000 488
30,000 9 2.22 2,70,000 0.22 4,187 465.24 3,000 1:9 3,000 -1,187
33,000 4 0.99 1,32,000 0.11 2,047 511.76 3,000 1:4 3,000 953
36,000 8 1.98 2,88,000 0.23 4,466 558.28 3,000 1:8 3,000 -1,466
39,000 5 1.23 1,95,000 0.16 3024 604.81 3,000 1:5 3,000 -24
42,000 4 0.99 1,68,000 0.14 2,605 651.33 3,000 1:4 3,000 395
45,000 3 0.74 1,35,000 0.11 2,094 697.85 3,000 1:3 3,000 906
48,000 1 0.25 48,000 0.04 744 744.38 3,000 1:1 3,000 2,256
51,000 2 0.49 1,02,000 0.08 1,582 790.90 3,000 1:2 3,000 1,418
54,000 3 0.74 1,62,000 0.13 2,512 837.42 3,000 1:3 3,000 488
57,000 2 0.49 1,14,000 0.09 1,768 883.95 3,000 1:2 3,000 1,232
60,000 4 0.99 2,40,000 0.19 3,722 930.47 3,000 1:4 3,000 -722
63,000 1 0.25 63,000 0.05 977 976.99 3,000 1:1 3,000 2,023
66,000 3 0.74 1,98,000 0.16 3,071 1,023.52 3,000 1:3 3,000 -71
69,000 4 0.99 2,76,000 0.22 4,280 1,070.04 3,000 1:4 3,000 -1,280
72,000 2 0.49 1,44,000 0.12 2233 1,116.56 3,000 1:2 3,000 767
75,000 4 0.99 3,00,000 0.24 4,652 1,163.09 3,000 1:4 6,000 1,652
81,000 1 0.25 81,000 0.07 1,256 1,256.13 3,000 1:1 3,000 1,744
90,000 3 0.74 2,70,000 0.22 4,187 1,395.71 3,000 1:3 3,000 -1,187
93,000 1 0.25 93,000 0.08 1,442 1,442.23 3,000 1:1 3,000 1,558
96,000 1 0.25 96,000 0.08 1,489 1,488.75 3,000 1:1 3,000 1,511
99,000 5 1.23 4,95,000 0.40 7,676 1,535.28 3,000 2:5 9,000 1,676
1,02,000 1 0.25 1,02,000 0.08 1,582 1,581.80 3,000 1:1 3,000 1,418
1,05,000 1 0.25 1,05,000 0.09 1,628 1,628.32 3,000 1:1 3,000 1,372
1,11,000 3 0.74 3,33,000 0.27 5,164 1,721.37 3,000 2:3 6,000 836
1,20,000 2 0.49 2,40,000 0.19 3,722 1,860.94 3,000 1:2 3,000 -722
1,23,000 1 0.25 1,23,000 0.10 1,907 1,907.46 3,000 1:1 3,000 1,093
1,29,000 2 0.49 2,58,000 0.21 4,001 2,000.51 3,000 1:2 3,000 -1,001
1,32,000 3 0.74 3,96,000 0.32 6,141 2,047.03 3,000 2:3 6,000 -141
1,35,000 1 0.25 1,35,000 0.11 2,094 2,093.56 3,000 1:1 3,000 906
1,44,000 1 0.25 1,44,000 0.12 2,233 2,233.13 3,000 1:1 3,000 767
1,50,000 1 0.25 1,50,000 0.12 2,326 2,326.18 3,000 1:1 3,000 674
1,53,000 1 0.25 1,53,000 0.12 2,373 2,372.70 3,000 1:1 3,000 627
1,74,000 1 0.25 1,74,000 0.14 2,698 2,698.36 3,000 1:1 3,000 302
1,89,000 3 0.74 5,67,000 0.46 8,793 2,930.98 3,000 1:1 9,000 207
1,92,000 1 0.25 1,92,000 0.16 2,978 2,977.51 3,000 1:1 3,000 22
2,01,000 1 0.25 2,01,000 0.16 3,117 3,117.08 3,000 1:1 3,000 -117
2,22,000 5 1.23 11,10,000 0.90 17,214 3,442.74 3,000 1:1 15,000 -2,214
2,25,000 2 0.49 4,50,000 0.37 6,979 3,489.26 3,000 1:1 6,000 -979
2,28,000 1 0.25 2,28,000 0.19 3,536 3,535.79 3,000 1:1 3,000 -536
2,43,000 1 0.25 2,43,000 0.20 3,768 3,768.40 3,000 1:1 3,000 -768
2,49,000 1 0.25 2,49,000 0.20 3,861 3,861.45 3,000 1:1 3,000 -861
2,55,000 2 0.49 5,10,000 0.41 7,909 3,954.50 3,000 1:1 6,000 -1,909
2,61,000 1 0.25 2,61,000 0.21 4,048 4,047.55 3,000 1:1 3,000 -1,048
2,70,000 1 0.25 2,70,000 0.22 4,187 4,187.12 3,000 1:1 3,000 -1,187
3,00,000 3 0.74 9,00,000 0.73 13,957 4,652.35 6,000 2:3 12,000 -1,957
3,21,000 1 0.25 3,21,000 0.26 4,978 4,978.02 6,000 1:1 6,000 1,022
3,24,000 1 0.25 3,24,000 0.26 5,025 5,024.54 6,000 1:1 6,000 975
3,27,000 2 0.49 6,54,000 0.53 10,142 5,071.06 6,000 1:1 12,000 1,858
3,45,000 1 0.25 3,45,000 0.28 5,350 5,350.20 6,000 1:1 6,000 650
3,93,000 1 0.25 3,93,000 0.32 6,095 6,094.58 6,000 1:1 6,000 -95
4,41,000 1 0.25 4,41,000 0.36 6,839 6,838.96 6,000 1:1 6,000 -839
4,44,000 5 1.23 22,20,000 1.80 34,427 6,885.48 6,000 1:1 30,000 -4,427
4,50,000 1 0.25 4,50,000 0.37 6,979 6,978.53 6,000 1:1 6,000 -979
4,65,000 1 0.25 4,65,000 0.38 7,211 7,211.15 6,000 1:1 6,000 -1,211
5,40,000 1 0.25 5,40,000 0.44 8,374 8,374.23 9,000 1:1 9000 626
6,45,000 1 0.25 6,45,000 0.52 10,003 10,002.56 9,000 1:1 9,000 -1,003
6,60,000 1 0.25 6,60,000 0.54 10,235 10,235.17 9,000 1:1 9,000 -1,235
6,63,000 1 0.25 6,63,000 0.54 10,282 10„281.70 9,000 1:1 9,000 -1,282
6,66,000 2 0.49 13,32,000 1.08 20,656 10,328.22 9,000 1:1 18,000 -2,656
7,32,000 1 0.25 7,32,000 0.59 11,352 11,351.74 12,000 1:1 12,000 648
7,50,000 1 0.25 7,50,000 0.61 11,631 11,630.88 12,000 1:1 12,000 369
9,87,000 1 0.25 9,87,000 0.80 15,306 15,306.24 15,000 1:1 15,000 -306
16,65,000 3 0.74 49,95,000 4.05 77,462 25,820.55 27,000 1:1 81,000 3,538
22,20,000 2 0.49 44,40,000 3.60 68,855 34,427.40 36,000 1:1 72,000 3,145
33,33,000 1 0.25 33,33,000 2.70 51,688 51,687.63 51,000 1:1 51,000 -688
44,40,000 1 0.25 44,40,000 3.60 68,855 68,854.81 69,000 1:1 69,000 145
44,43,000 1 0.25 44,43,000 3.61 68,901 68,901.33 69,000 1:1 69,000 99
48,00,000 1 0.25 48,00,000 3.90 74,438 74,437.63 75,000 1:1 75,000 562
54,60,000 13 3.21 7,09,80,000 57.60 11,00,746 84,672.80 84,000 1:1 10,92,000 -8,746
54,60,000 3,000 2:13 6,000 6,000

The Board of Directors of the Company at its meeting held on August 19,2017 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 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 August 22,2017. Further, the instructions to SCSBs shall be issued on August 19,2017 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 registrarto the Issue atthe address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of the 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 August 23, 2017 subject to receipt of listing and trading approvals from NSE.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrarto the Issue 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
1 st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400 059, Maharashtra, India;
Tel: +91 22 62638200; Fax: +91 22 62638299 Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Investor Grievance Id: investor@bigshareonline.com Contact Person: Srinivas Dornala; SEBI Registration No.: INR000001385

Date: August 19,2017
Place: Morbi, Gujarat
For Lexus Granito (India) Limited
On behalf of the Board of Directors
Sd/-
Anilkumar Detrja
Managing Director

Lexus Granito IPO Basis of Allotment FAQs

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

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

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