Marvel Decor IPO Details

Issue Open Mar 12, 2018
Issue Close Mar 15, 2018
IPO Price ₹57
Face Value ₹10
IPO Size ₹26.26 Cr
Listing At NSE SME
IPO Lot Size 2000

MARVEL DECOR LIMITED

Corporate Identification Number: U18109GJ1996PLC030870

Our Company was incorporated as Modele Blinds and Components Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated October 04,1996, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed from Modele Blinds and Components Private Limited to Accumax Interior Products Private Limited vide shareholder's approval on June 12,2000 and certificate of incorporation dated June 30,2000, issued by Registrar of Companies, Gujarat, Ahmedabad. Further, the name of our Company was changed from Accumax Interior Products Private Limited to Marvel Decor Private Limited vide shareholder's approval on December 04,2017 and vide fresh certificate of incorporation dated January 05, 2018, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed to Marvel Decor Limited pursuant to conversion into a public company vide shareholder's approval on January 05,2018 and fresh certificate of incorporation dated January 23,2018, issued by Registrar of Companies, Gujarat, Ahmedabad. The Corporate Identification Number of Our Company is U18109GJ1996PLC030870. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 148 of the Prospectus.

Registered Office: Plot No 211 GIDC Phase II, Dared Jamnagar-361004, Gujarat, India.
Tel No.: +91 288 2730601/602 | Fax: +91 288 2730603 | E-mail: info@marvellifestyle.com | Website: www.marvellifestyle.com
Contact Person: Mr. Ashok Ramniklal Paun, Chairman & Managing Director and Ms. Meera Keval Gudka, Company Secretary & Compliance Officer

PROMOTERS OF THE COMPANY: MR. ASHOK RAMNIKLAL PAUN AND MR. DIPAK RAMNIKLAL PAUN

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 46,16,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF MARVEL DECOR LMITED(''MDL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 57 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 47 PER EQUITY SHARE AGGREGATING RS 2626.12 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 2,36,000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION') AND A RESERVATION OF 1,00,000 EQUITY SHARES FOR PURCHASE BY ELIGIBLE EMPLOYEES AT A DISCOUNT OF 8.77% (EQUIVALENT TO RS 5) PER SHARE AGGREGRATING TO RS 52.00 LAKHS (THE 'EMPLOYEE RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION AND EMPLOYEE RESERVATION PORTION I.E. ISSUE OF 42,80,000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.09% AND 25.12% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 256 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS RS 57. THE ISSUE PRICE IS 5.70 TIMES THE FACE VALUE.
ISSUE OPENED ON: MARCH 12,2018 | ISSUE CLOSED ON: MARCH 15,2018

PROPOSED LISTING: FRIDAY, MARCH 23,2018*

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated February 28, 2018 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Friday, March 23,2018.*

*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
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 913 applications for 6062000 Equity Shares resulting in 1.31 times subscription (including reserved portion of Market Maker and Eligible Employees). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):

Category No. of Applicants % No. of Equity Shares % Subscription (Times)
Market Maker 1 0.11 236000 3.89 1.00
Retail Individual Investors 816 89.38 1632000 26.92 0.76
Other than Retail Individual Investors 63 6.90 4128000 68.10 1.93
Eligible Employees 33 3.61 66000 1.09 0.66
TOTAL 913 100.00 6062000 100.00 1.31

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

Category No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 17 34000
Other than Retail Individual Investors 2 74000
Eligible Employees 9 18000
TOTAL 28 126000

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

Category No. of
Applications
% Issue Size
(as per Prospectus)
Proportionate Issue
Size (After rounding off)
No. of Valid
Shares applied
Subscription
(Times)
Market Maker 1 0.11 236000 236000 236000 1.00
Retail Individual Investors* 799 90.29 2140000 1598000 1598000 0.75
Other than Retail Individual Investors 61 6.89 2140000 2734000 4054000 1.48
Eligible Employees 24 2.71 100000 48000 48000 0.48
TOTAL 885 100.00 4616000 4616000 5936000 1.29

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 20,2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 236000 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 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.75 times. The total number of shares allotted in this category is 1598000 Equity Shares to 799 successful applicants.

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

No. of Shares
Applied for
(Category wise)
No. of
Appli
cations
received
% To Total Total No. of
Equity Shares
applied in each Category
% To Total Proporti
nate
Shares
Available*
Allocation per Applicant
(Before Rounding Off)
Allocation
per Applicant
(After Rounding Off)
Ratio of
Allottees to Applicants:
Ratio 1
Ratio of
Allottees to Applicants:
Ratio 2
Number of
Successful
Applicant
(after
rounding off)
Total No. of
Shares Allocated/ Allotted*
No. of Shares Surplus/ Deficit
2000 799 100.00 1598000 100.00 2140000 2000.00 2000 1 1 799 1598000 -542000
TOTAL 799 100.00 1598000 100.00 2140000 799 1598000 -542000

* The under subscribed 5,42,000 Equity Shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.48 times. The total number of shares allotted in this category is 2734000 Equity Shares to 61 successful applicants.
The Category-wise details ol the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% To Total Total No. of Equity Shares
applied in each Category
% To Total Proporti
nate
Shares
Available
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees to Applicants:
Ratio 1
Ratio of Allottees to Applicants:
Ratio 2
Number of
Successful
Applicant
(after
rounding off)
Total No.
of Shares
Allocated/
Allotted
No. of
Shares Surplus/ Deficit
4000 4 6.56 16000 0.39 10790 2697.58 2000 1 1 4 8000 -2790
4000 2000 1 4 2000 2000
6000 2 3.28 12000 0.30 8093 4046.37 4000 1 1 2 8000 -93
10000 1 1.64 10000 0.25 6744 6743.96 6000 1 1 1 6000 -744
12000 2 3.28 24000 0.59 16185 8092.75 8000 1 1 2 16000 -185
18000 5 8.20 90000 2.22 60696 12139.12 12000 1 1 5 60000 -696
20000 3 4.92 60000 1.48 40464 13487.91 12000 1 1 3 36000 -4464
20000 2000 2 3 4000 4000
28000 1 1.64 28000 0.69 18883 18883.08 18000 1 1 1 18000 -883
30000 3 4.92 90000 2.22 60696 20231.87 20000 1 1 3 60000 -696
32000 1 1.64 32000 0.79 21581 21580.66 22000 1 1 1 22000 419
34000 2 3.28 68000 1.68 45859 22929.45 22000 1 1 2 44000 -1859
34000 0.00 2000 1 2 2000 2000
36000 1 1.64 36000 0.89 24278 24278.24 24000 1 1 1 24000 -278
40000 5 8.20 200000 4.93 134879 26975.83 26000 1 1 5 130000 -4879
40000 2000 2 5 4000 4000
42000 3 4.92 126000 3.11 84974 28324.62 28000 1 1 3 84000 -974
42000 2000 1 3 2000 2000
50000 3 4.92 150000 3.70 101159 33719.78 34000 1 1 3 102000 841
52000 1 1.64 52000 1.28 35069 35068.57 36000 1 1 1 36000 931
54000 1 1.64 54000 1.33 36417 36417.37 36000 1 1 1 36000 -417
60000 4 6.56 240000 5.92 161855 40463.74 40000 1 1 4 160000 -1855
60000 2000 1 4 2000 2000
70000 1 1.64 70000 1.73 47208 47207.70 48000 1 1 1 48000 792
86000 4 6.56 344000 8.49 231992 57998.03 58000 1 1 4 232000 8
88000 4 6.56 352000 8.68 237387 59346.82 58000 1 1 4 232000 -5387
88000 2000 3 4 6000 6000
100000 3 4.92 300000 7.40 202319 67439.57 66000 1 1 3 198000 -4319
100000 2000 2 3 4000 4000
120000 1 1.64 120000 2.96 80927 80927.48 80000 1 1 1 80000 -927
120000 2000 1 1 2000 2000
176000 2 3.28 352000 8.68 237387 118693.64 118000 1 1 2 236000 -1387
176000 2000 1 2 2000 2000
184000 1 1.64 184000 4.54 124089 124088.80 124000 1 1 1 124000 -89
196000 1 1.64 196000 4.83 132182 132181.55 132000 1 1 1 132000 -182
376000 1 1.64 376000 9.27 253573 253572.77 254000 1 1 1 254000 427
472000 1 1.64 472000 11.64 318314 318314.75 318000 1 1 1 318000 -314
TOTAL 61 100.00 4054000 100.00 2734000 61 2734000 0

Includes original reservation of 2140000 Equity Shares and spill over from Retail Individual Investors Category of 542000 Equity Shares & Eligible Employees Category of 52000 Equity shares.
D. Allocation to Eligible Employees (After Technical Rejections): The Basis of Allotment to the Eligible Employees at the issue price of Rs 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.48 times. The total number of shares allotted in this category is 48000 Equity Shares to 24 successful applicants.
The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% To Total Total No. of Equity Shares
applied in each Category
% To Total Proporti
nate
Shares
Available*
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant (After Rounding Off) Ratio of Allottees to Applicants:
Ratio 1
Ratio of Allottees to Applicants:
Ratio 2
Number of
Successful
Applicant
(after
rounding off)
Total No. of Shares Allocated/ Allotted* No. of Shares Surplus/ Deficit
2000 24 100.00 48000 100.00 100000 2000.00 2000 1 1 24 48000 -52000
TOTAL 24 100.00 48000 100.00 100000 24 48000 -52000

'The under subscribed portion of 52000 Equity shares from Eligible Employee Category have been spilled over to Other than Retail Individual Investors Category. The Board of Directors of the Company at its meeting held on March 20,2018 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 has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN and allotment advice and / or notices will be dispatched to the address of the Applicants as registered with the depositories on or before March 22,2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 22,2018. In case the same is not received within four working days, investors may contact Registrar 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 NSE Emerge Platform 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 March 07,2018 ('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
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200 | Fax: +91 22 62638299 | E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Ashok Shetty | SEBI Registration No.: INR000001385

Place: Jamnagar

Date: March 21,2018

For MARVEL DECOR LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

Marvel Decor IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Marvel Decor IPO?

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

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

    Visit the Marvel Decor IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Marvel Decor IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Marvel Decor 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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