Mishka Exim IPO Details

Issue Open Jun 26, 2015
Issue Close Jun 30, 2015
IPO Price ₹10
Face Value ₹10
IPO Size ₹5.45 Cr
Listing At BSE SME
IPO Lot Size 10000

MISHKA EXIM LIMITED
CIN-U51909DL2014PLC270810

Our Company was originally incorporated at New Delhi as "Mishka Exim Limited" on 25th August 2014 under the provisions of the Companies Act, 2013.

Registered Office: F-102, Plot No. 10, First Floor, Chetan Complex Central Market, Surajmal Vihar, Delhi-110092;
Tel: +91-11-2237 1916; Email: mishkaexim@gmail.com; Website: www.mishkaexim.com
Contact Person & Compliance Officer: Ms. Kratika Tiwari, Company Secretary & Compliance Officer

PROMOTERS OF THE COMPANY: MR. RAJNEESH GUPTA, M/S. VINAYAK HOLDINGS PRIVATE LIMITED, M/S. TRIDEV SECURITIES PRIVATE LIMITED AND M/S. VARUN CAPITAL SERVICES LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 54,50,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF MISHKA EXIM LIMITED ("MEL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 10 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 545.00 LACS ("THE ISSUE"), OF WHICH 2,90,000 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 51,60,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.72% AND 35.71 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 16th June, 2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % ofthe Net Offer to Public shall be 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 irrespective 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 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

THE FACE VALUE OF THE EQUITY SHARES IS 710 EACH AND THE ISSUE PRICE IS ? 10 EACH. THE ISSUE PRICE IS 1.00 TIME OR AT PAR OF THE FACE VALUE. ISSUE OPENED ON 26TH JUNE, 2015 AND CLOSED ON 30TH JUNE, 2015

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 SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However, Company has received an approval letter dated 12th June, 2015 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 were allowed 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").

The Issue has received 214 applications for 70,20,000 Equity Shares (Including Market Maker Application of 2,90,000 Equity Shares) resulting 1.288 times subscription. After considering, cheque return cases of 6 applications of 1,10,000 Equity Shares, the Issue was subscribed 1.268 times. 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 No. of Applications No. of Equity Shares Subscription
Market Makers 1 290000 1.000
Other than Retail Individual Investor's 23 3560000 1.380
Retail Individual Investor's 184 3060000 1.186
TOTAL 208 6910000 1.268

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

Category No. of Applications No. of Equity Shares
Market Makers Nil Nil
Other than Retail Individual Investor's Nil Nil
Retail Individual Investor's 13 240000
TOTAL 13 240000

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

Category No. of Applications No. of Equity Shares Subscription
Market Makers 1 290000 1.000
Other than Retail Individual Investor's 23 3560000 1.380
Retail Individual Investor's 171 2820000 1.093
TOTAL 83 1168000 1.224

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 7th July, 2015

A) Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.10 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 2,90,000 Equity shares in full out of reserved portion of 2,90,000 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.10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.093 times. Total number of shares allotted in this category is 25,80,000 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 Allotees to Applicants Total No. of Equity Shares allotted Surplus/ Deficit
10000 60 35.09 600000 21.28 548936 9148.94 10000 FIRM 600000 51064
20000 111 64.91 2220000 78.72 2031064 18297.87 10000 FIRM 1110000 (921064)
10000 29:37 870000 870000
TOTAL 171 100 2820000 100 2580000 2580000 -

C) Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): TThe Basis of Allotment to the Non Retail Investors, at the issue price of Rs.10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.380 times. Total number of shares allotted in this category is 25,80,000 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 minding off) Ratio of Allotees to Applicants Total No. of Equity Shares allotted Surplus/ Deficit
30000 2 8.70 60000 1.69 43483 21741.57 20000 FIRM 40000 (3483)
50000 6 26.09 300000 8.43 217416 36235.96 40000 FIRM 240000 22584
100000 3 13.04 300000 8.43 217416 72471.91 70000 FIRM 210000 (7416)
200000 2 8.70 400000 11.24 289888 144943.82 140000 FIRM 280000 (9888)
10000 1:2 10000 10000
250000 10 43.48 2500000 70.22 1811797 181179.78 180000 FIRM 1800000 (11797)
TOTAL 23 100 3560000 100 2580000 2580000 -

The Board of Directors of the Company at its meeting held on 8th July, 2015 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 CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 11th July, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 11th July, 2015. 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 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 Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 14th July, 2015 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, 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 ofthe 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

E2 Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai- 400072
Tel: +91-22 - 40430200; Fax: +91-22 - 28475207
Website: www.bigshareonline.com; Email: ipo@bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Regn. Number: INR000001385

Place: Delhi
Date : 08.07.2015

For Mishka Exim Limited
Sd/-
Rajneesh Gupta
Managing Director

Mishka Exim IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Mishka Exim IPO?

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

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

    Visit the Mishka Exim IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Mishka Exim IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Mishka Exim 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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