Momai Apparels IPO Details

Issue Open Sep 25, 2014
Issue Close Sep 30, 2014
IPO Price ₹78
Face Value ₹10
IPO Size ₹30.00 Cr
Listing At NSE SME
IPO Lot Size 1600

MOMAI APPARELS LIMITED

Our Company was incorporated as 'Momai Apparels Private Limited' under the provisions of the Companies Art. 1956 vide Certificate of Incorporation dated January 21. 2010 bearing Registration No.199178.in Mumbai,. Maharashtra Subsequently our Company was converted into a public limited company vide fresh certificate of incorporation dated September 05,2013  and consequently The name of our Compary was changed to 'Momai Apparels Limited'. The Corporate Identification Number of our Company is U18109MH2010PLCl99178. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 160 of this Prospectus.

Registered Officer Shop No 305-309, 3rd Floor, Pacific Plaza Plot No 570 TPS IV off B.S. Rod Mahim Division DadarWest, Mumbai 400028 Tel.No:+91 022 24331551; Fax No.: +91 022 24331551; E-mail: Investors@momaiapparels.com; Website: www.momaiapparels.com
Contact Person: Ms. Bhoomi Mewada. Company Secretary and Compliance Officer
PROMOTER OF OUR COMPANY: ASHAPURA INTIMATES FASHION LIMITED OF ALLOTMENT

                                                                    BASIS OF ALLOTMENT

PUBLIC ISSUE OF 38,46.400 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM Of RS.68 PER EQUITY SHARE) AGGREGATING RS.3000.192 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 24,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY OUR PROMOTER (THE 'PROMOTER'S CONTRIBUTION') AND 1,93,600 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE PROMOTER'S CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION I.E ISSUE OF 36,28.800 EQUITY SHAH ES OF FACE VOW E OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.66 PERCENT AND 25.15 PER CENT RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY

ISSUE PRICE: RS 78 PER EQUITY SHARE THE FACE VALUE OF THE EQUITY SHARE IS RS 10 EACH.
THE ISSUE PRICE IS RS 7.8 TIMES THE FACE VALUE
BID/ISSUE: OPENED ON THURSDAY, SEPTEMBER 25,2014 • CLOSED ON TUESDAY,SEPTEMBER 30,2014

This being an issue for Equity Shares representing more than 25% of the post-Issue equity share capital or our Company. Equity Shares will be offered to the public for subscription in accordance with Rule l9(2)(b)(i) of the Securities Contracts (Regulation) Rules.1957.as amended and is being made through a Book Building Process in accordance with Chapter XB of the Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regutalions. 2009 as amended.

All potential investors may participate in the issue through an Application Supported by Blocked Amount ('ASBA') process providing details about the bank Account which will be blocked by the Self Certified Syndicatc Banks ('SCSBs') For the same, for details in this regard, specific attention is invited to 'Issue Procedure' beginning on page 263 of this Prospectus.
In case of delay, if any in refund. our Company shall pay interest on the application money at the rate of 15% per annum for the period of deley.
The Issue received 2,643 applications for 62,24,000 Equity Share,(net of multiple bids duplicate bods. Bid not banked, cheque returns & Promoter Applications and prior to technical rejections) resulting in 1.6181 times subscription. The details of the applications received in the Issue from Retail Individual Bidders & Non-lnstitutional Bidders are as under (before technical rejections).

Category No of Applications No. of Equity Shares No. of times Subscription
A Retail Individual Bidders 2562 4099200 2.2593
B Non-Institutional Bidders 79 1907200 1.0511
C Market Maker 1 193600 1.0000
D Promoter Investors 1 24000 1.0000
Total 2643 6224000

Final Demand: The final demand at different bid prices is as under:

Bid Price No of Equity Shares % to Total Cumulative Total Cumulative % of Total
78 2224000 31.191 2224000 31.491
80 227200 3. 217 2451200 34.708
82 4800 0.068 2456000 34.776
85 48000 0.680 2504000 35.455
90 980800 13. 888 3484800 49.343
Cut off Price 3577600 50.657 7062400 100.000
TOTAL 7062400 100.000

The Basis of Allotment was fnalized  in consultation with the Designated Stock Exchange, being NSE on October 10, 2014.

A. Allotment as per the NSE to Retail Individual Bidders (After Technical Rejections): The Basis of Allotment to the Retail Individual Bidders. who have bid at cut-off or above the issue Price of  Rs. 78 per Equity Share was finalized in consultation with NSE. This category has been subscribed to the extent of 2.215168 times. The total number of  Equity Shares allotted in Retail Individual Bidders category is 18,14,400 Equity Shares to 1,134 successful applicants. The categrory-wise details of the Basis of Allotment are as under:

Category No.of Applications Received % of
Total
Total No. of Equity Shares applied % of
Total
No. of Equity Shares allotted per applicant Ratio Total No.of Equity Shares allotted
1600 2512 100 4019200 100 1600 42.93 1814400
TOTAL 2512 100 4019200 100 1814400

B. Allotment to Non-lnstitutional Bidders (After Technical Rejections): The Basis of Allotment to the Non-Institutional Bidders, who have bid at or above the Issue Price of Rs.78 per Equity Share, was finalized in consultation with NSE.This category has been subscribed to the extent of  1.040564 times The total number of Equity Shares allotted in this category is 18,14,400 Equity Shares to 78 successful applicants. The category- wise details of the Basis of  Allotment are as under:

Category No.of Applications Received % of
Total
Total No. of Equity Shares applied % of
Total
No. of Equity Shares allotted per applicant Ratio Total No.of Equity Shares allotted
3200 26 33.35 83200 4.41 1600 1:1 41600
3200 1600 15:26 24000
4800 11 14.10 52800 2.80 4800 1:1 52800
6400 12 15.38 76800 4.07 6400 1:1 76800
8000 4 5.13 32000 1.69 8000 1:1 32000
9600 1 1.28 9600 0.51 9600 1:1 9600
11200 4 5.13 44800 2.37 11200 1:1 44800
12800 4 5.13 51200 2.71 12800 1:1 51200
16000 3 3.85 48000 2.54 16000 1:1 48000
17600 3 3.85 52800 2.80 17600 1:1 52800
27200 1 1.28 27200 1.44 25600 1:1 25600
32000 2 2.56 64000 3.39 30400 1:1 60800
38400 1 1.28 38400 2.03 36800 1:1 36800
89600 1 1.28 89600 4.75 86400 1:1 86400
120000 1 1.28 120000 6.36 115200 1:1 115200
128000 1 1.28 128000 6.78 123200 1:1 123200
200000 1 1.28 200000 10.59 192000 1:1 192000
384000 1 1.28 384000 20.34 369600 1:1 369600
385600 1 1.28 385600 20.42 371200 1:1 371200
TOTAL 78 100.00 1888000 100 - - 1814400

C. Allotment to Market maker: The Company has allocated 1,93,600 Equity Shares to 1 Market Maker. In accordance with the SEBI (ICDR) Requlations,this represents 5.03% of the Issue size.

No.of Applications Equity Shares Reserved Equity Shares Allotted No of times Subscrideb
1 193600 193600 1.000

D. Promoter's Contribution: The Company has allocated 24000 Equity Shares to the Promoter Reserved under Promoter Contribution.

No.of Applications Equity Shares Reserved Equity Shares Allotted No of times Subscrideb
1 24000 24000 1.000

The Board of Directors of our Company at its meeting held on October 13,2014 has taken on record the basis of allotment of Equity Shares approved by the Designated stock exchange, being NSE and has allotted the Equity Shares to various successful applicants.

The refund orders and allotment advice will be dispatched to the address of the investors as registered with the depositories on October 14. 2014. Further, instructions to the SCSBs have been mailed on October 11,2014. In case the same is not  received within ten days, investors may contact at the address given below. The Refund Advice has been over-printed with the bank account details as registered, if any, with the depositories The Equity Shares allotted to successful allottees have been uploaded on October 13, 2014 for credit into the respective beneficiary accounts subject to validation of  the account details with the depositores concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE within 12 working days or the closure of the Issue. The trading is proposed to commence on or before October 16,2014 subjecd to receipt of listing and trading approvals from NSE Limited.

INVESTORS PLEASE NOTE

The details of the allocation made will be hosted on the website of Registrar to the Issue. Link Intime India Private Limited at http:// www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole  applicant. serial number of   the bid-cum-application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the  address given below:

LINK INTIME Intime India Private Limited
C 13,  Pannalal Silk Mills Compound LBS Marg,
Bhandup (West) Mumbai- 400 078, Maharashtra, India
Tel No:+91 22 6171 5400: Fax No:91 22596 0329
Investor Grievance Email: mal.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Mr.Sachin Achar
SEBI Registration No: INR 0000 04058

Place: Mumbai
Date: October 13,2014
For MOMAI APPARELS LIMITED
Sd/-

Chairman and Managing Director

Momai Apparels IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Momai Apparels IPO?

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

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

    Visit the Momai Apparels IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Momai Apparels IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Momai Apparels 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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