Narayana Hrudayalaya IPO Details

Issue Open Dec 17, 2015
Issue Close Dec 21, 2015
IPO Price ₹250
Face Value ₹10
IPO Size ₹613.08 Cr
Listing At BSE, NSE
IPO Lot Size 60

(This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for publication or distribution, directly or indirectly outside India. All the Capitalized terms used and not specifically defined here shall have the same meaning as ascribed to them in the Prospectus dated December 28,2015 ('Prospectus')

NARAYANA HRUDAYALAYA LIMITED

Our Company was incorporated as Narayana Hridayalaya Private Limited on July 19,2000 at Bengaluru, Kamataka as a private limited company under the Companies Act, 1956 and was subsequently renamed as Narayana Hrudayalaya Private Limited on January 11,2008. Our Company was converted into a public limited company and the name of our Company was changed to Narayana Hrudayalaya Limited. A fresh certificate of incorporation consequent upon conversion to public limited company was issued on August 29, 2015. For details regarding change in the name and Registered Office of our Company, see section 'History and Certain Corporate Matters' on page 144 of the Prospectus.

Registered Office: No. 258/A, Bommasandra Industrial Area, Anekal Taluk, Bengaluru 562158, Karnataka, India. Corporate Office: 2nd Floor, No. 261/A, Bommasandra Industrial Area, Hosur Road, Bengaluru 562158, Karnataka, India. Contact Person: Ashish Kumar, Company Secretary and Compliance Officer; Tel: +9180 7122 2802; Fax: +9180 7122 2611; Email: investorrelations@nhhospitals.org; Website: www.narayanahealth.org; Corporate Identification Number: U85110KA2000PLC027497.

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading will commence on or about January 06, 2016.

OUR PROMOTERS: DR. DEVI PRASAD SHETTY AND SHAKUNTALA SHETTY.
INITIAL PUBLIC OFFER OF 24,523,297 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF NARAYANA HRUDAYALAYA LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 250 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 240 PER EQUITY SHARE ('OFFER') AGGREGATING RS 6130.82 MILLION ('OFFER PRICE') THROUGH AN OFFER FOR SALE OF 6,287,978 EQUITY SHARES BY ASHOKA INVESTMENT HOLDINGS LIMITED, 1,886,455 EQUITY SHARES BY AMBADEVI MAURITIUS HOLDING LIMITED, 12,261,648 EQUITY SHARES BY JP MORGAN MAURITIUS HOLDINGS IV LIMITED (THE 'INVESTOR SELLING SHAREHOLDERS'), 2,043,608 EQUITY SHARES BY DR. DEVI PRASAD SHETTY AND 2,043,608 EQUITY SHARES BY SHAKUNTALA SHETTY (THE 'PROMOTER SELLING SHAREHOLDERS') (TOGETHER THE 'SELLING SHAREHOLDERS') AGGREGATING TO RS 6130.82 MILLION ('OFFER FOR SALE'). THE OFFER CONSTITUTES APPROXIMATELY 12% OF OUR POST-OFFER PAID-UP SHARE CAPITAL.

OFFER PRICE : RS 250 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE OFFER PRICE IS 25 TIMES THE FACE VALUE

Please note that the Anchor Investor Offer Price is rs 250 per Equity Share.

BID/OFFER PERIOD*: OPENED ON THURSDAY, DECEMBER 17,2015;
CLOSED ON MONDAY, DECEMBER 21,2015

*The Anchor Investor Bid/Offer Period was one working day prior to the Bid/Offer Opening Date i.e. Wednesday, December 16,2015

In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR'), this is an Offer for at least 10% of the post-Offer paid-up Equity Share capital of ourCompany. The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue- of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI ICDR Regulations'), through the Book Building Process wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'), provided that our Company and the Selling Shareholders have allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available forallocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, may participate in this Offer through an Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks ('SCSBs'). QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in this Offer. For details, see section 'Offer Procedure' on page 479 of Prospectus.

The Offer received 192,087 applications for 156,458,940 Equity Shares (prior to technical rejections) resulting in 6.38 times subscription. The details of the applications received in the Offer from various categories are as under: (before technical rejections):

SI
No
Category No. of
Applications
No. of
Equity Shares
No. of times
Subscribed
Amount
(in Rs.)
Shares
Reserved
A. Retail Individual Bidders 191,823 15,863,460 1.85 3,972,434,030.00 8,583,154
B Non Institutional Bidders 172 13,129,620 3.57 3,282,393,700.00 3,678,495
C Qualified Institutional Bidders (Excluding Anchors) 66 119,798,760 24.43 29,949,690,000.00 4,904,660
D Anchor Investors 26 7,667,100 1.04 1,916,775,000.00 7,356,988
Total 192,087 156,458,940 6.38 39,121,292,730.00 24,523,297

Final Demand

A summary of the final demand as per the BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

SLNO BID
PRICE (in Rs.)
BIDS
QUANTITY
(%) TO
TOTAL
Cumulative
Total
% Cumulative
Total
1 245 217,320 0.15 217,320 0.15
2 246 16,260 0.01 233,580 0.16
3 247 25,380 0.02 258,960 0.17
4 248 120,120 0.08 379,080 0.25
5 249 9,900 0.01 388,980 0.26
6 250 134,316,300 89.69 134,705,280 89.95
7 CUTOFF 15,048,900 10.05 149,754,180 100.00
TOTAL 149,754,180 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on December 31,2015.

A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBAApplications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 250 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.82 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 8,583,154 Equity Shares to 143,052 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
% to
Total
No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares Allotted
60 172,081 90.78 10,324,860 66.06 60 643:852 7,792,140
120 6,966 3.68 835,920 5.35 60 40:53 315,420
180 2,623 1.38 472,140 3.02 60 40:53 118,800
240 1,446 0.76 347,040 2.22 60 40:53 65,460
300 977 0.52 293,100 1.88 60 40:53 44,220
360 1,154 0.61 415,440 2.66 60 40:53 52,260
420 584 0.31 245,280 1.57 60 40:53 26,460
480 287 0.15 137,760 0.88 60 40:53 13,020
540 110 0.06 59,400 0.38 60 83:110 4,980
600 419 0.22 251,400 1.61 60 40:53 18,960
660 54 0.03 35,640 0.23 60 41:54 2,460
720 168 0.09 120,960 0.77 60 40:53 7,620
780 2,679 1.41 2,089,620 13.37 60 40:53 121,320
1 34:13183 34
TOTAL 189,548 100.00 15,628,560 100.00 8,583,154

B. Allotment to Non-Institutional Bidders(After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs 250 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 3.564186 times. The total number of Equity Shares Allotted in this category is 3,678,495 Equity Shares to 166 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 % to Total No. of Equity Shares
Allotted per Applicant
Ratio Total No. of Equity Shares Allotted
840 8 4.82 6,720 0.05 236 1:1 1,888
900 5 3.01 4,500 0.03 253 1:1 1,265
960 1 0.60 960 0.01 269 1:1 269
1020 5 3.01 5,100 0.04 286 1:1 1,430
1080 1 0.60 1,080 0.01 303 1:1 303
1200 5 3.01 6,000 0.05 337 1:1 1,685
1380 1 0.60 1,380 0.01 387 1:1 387
1620 1 0.60 1,620 0.01 455 1:1 455
1800 2 1.20 3,600 0.03 505 1:1 1,010
1920 3 1.81 5,760 0.04 539 1:1 1,617
1980 9 5.42 17,820 0.14 556 1:1 5,004
2040 3 1.81 6,120 0.05 572 1:1 1,716
2100 2 1.20 4,200 0.03 589 1:1 1,178
2400 3 1.81 7,200 0.05 673 1:1 2,019
2640 1 0.60 2,640 0.02 741 1:1 741
2760 1 0.60 2,760 0.02 774 1:1 774
3000 8 4.82 24,000 0.18 842 1:1 6,736
3600 1 0.60 3,600 0.03 1010 1:1 1,010
3900 3 1.81 11,700 0.09 1094 1:1 3,282
3960 12 7.23 47,520 0.36 1111 1:1 13,332
4020 4 2.41 16,080 0.12 1128 1:1 4,512
4200 2 1.20 8,400 0.06 1178 1:1 2,356
4800 2 1.20 9,600 0.07 1347 1:1 2,694
Category No. of
Applications Received
% of
Total
Total No. of Equity Shares Applied % to
Total
No. of Equity Shares Allotted per Applicant Ratio Total No. of Equity Shares Allotted
4980 1 0.60 4,980 0.04 1397 1:1 1,397
6000 3 1.81 18,000 0.14 1683 1:1 5,049
7980 1 0.60 7,980 0.06 2239 1:1 2,239
8040 1 0.60 8,040 0.06 2256 1:1 2,256
8400 1 0.60 8,400 0.06 2357 1:1 2,357
9000 1 0.60 9,000 0.07 2525 1:1 2,525
9960 4 2.41 39,840 0.30 2794 1:1 11,176
10020 1 0.60 10,020 0.08 2811 1:1 2,811
12060 1 0.60 12,060 0.09 3384 1:1 3,384
14040 1 0.60 14,040 0.11 3939 1:1 3,939
19500 1 0.60 19,500 0.15 5471 1:1 5,471
19800 1 0.60 19,800 0.15 5555 1:1 5,555
19980 4 2.41 79,920 0.61 5606 1:1 22,424
20040 1 0.60 20,040 0.15 5623 1:1 5,623
21000 1 0.60 21,000 0.16 5892 1:1 5,892
21720 1 0.60 21,720 0.17 6094 1:1 6,094
24000 1 0.60 24,000 0.18 6734 1:1 6,734
27000 1 0.60 27,000 0.21 7575 1:1 7,575
28020 2 1.20 56,040 0.43 7862 1:1 15,724
31380 1 0.60 31,380 0.24 8804 1:1 8,804
31980 1 0.60 31,980 0.24 8973 1:1 8,973
36000 1 0.60 36,000 0.27 10100 1:1 10,100
39960 5 3.01 199,800 1.52 11212 1:1 56,060
42000 6 3.61 252,000 1.92 11784 1:1 70,704
45600 1 0.60 45,600 0.35 12794 1:1 12,794
55800 1 0.60 55,800 0.43 15656 1:1 15,656
60000 2 1.20 120,000 0.92 16834 1:1 33,668
62100 1 0.60 62,100 0.47 17423 1:1 17,423
66000 1 0.60 66,000 0.50 18518 1:1 18,518
79920 1 0.60 79,920 0.61 22423 1:1 22,423
79980 4 2.41 319,920 2.44 22440 1:1 89,760
84000 4 2.41 336,000 2.56 23568 1:1 94,272
88020 1 0.60 88,020 0.67 24696 1:1 24,696
99960 1 0.60 99,960 0.76 28046 1:1 28,046
199980 1 0.60 199,980 1.53 56108 1:1 56,108
200040 3 1.81 600,120 4.58 56125 1:1 168,375
200100 1 0.60 200,100 1.53 56142 1:1 56,142
204000 1 0.60 204,000 1.56 57236 1:1 57,236
274680 1 0.60 274,680 2.10 77067 1:1 77,067
279420 1 0.60 279,420 2.13 78397 1:1 78,397
300000 3 1.81 900,000 6.86 84171 1:1 252,513
319980 2 1.20 639,960 4.88 89776 1:1 179,552
400200 2 1.20 800,400 6.10 112284 1:1 224,568
480000 2 1.20 960,000 7.32 134673 1:1 269,346
504000 2 1.20 1,008,000 7.69 141407 1:1 282,814
600000 1 0.60 600,000 4.58 168341 1:1 168,341
799980 1 0.60 799,980 6.10 224450 1:1 224,450
999960 1 0.60 999,960 7.63 280558 1:1 280,558
1000020 1 0.60 1,000,020 7.63 280568 1:1 280,568
1200000 1 0.60 1,200,000 9.15 336675 1:1 336,675
TOTAL 166 100.00 13,110,840 100.00 3,678,495

C. Allotment toQIBs (excluding Anchor lnvestors)

Allotment to QIBs, who have Bid at the Offer Price of Rs 250 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 24.4255 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were Allotted 245,233 of the Equity Shares of Net QIB portion available i.e. 4,904,660 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 4,659,427 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB category is 4,904,660 Equity Shares, which were allotted to 66 successful Applicants. The category-wise details of the Basis of Allotment are as under:

Category Fls/Banks MFs ICs Others AIF FII Total
QIB 896,431 1,561,856 27,524 62,006 0 2,356,843 4,904,660

D. Allotment to Anchor Investors

The Company and Selling Shareholders have allotted 7,356,988 Equity Shares to 15 Anchor Investors, in consultation with the BRLMs. In accordance with the SEBI Regulations, this represents 60% of the QIB Portion.

Category Fls/Banks MFs ICs VCs AIF/FPC FII Total
Anhcor - 3,433,262 - - - 3,923,726 7,356,988

The IPO Committee of our Company at its meeting held on January 01,2016 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice have been dispatched to the address of the investors as registered with the depositories on January 04, 2016. Further, instructions to the SCSBs have been dispatched/mailed on December 31,2015. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Refund Orders have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees have been uploaded on January 04,2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 12 working days of the closure of the Offer. Our Company filed the listing application on January 04,2016. The Equity Shares are proposed to be listed on BSE and NSE and the trading is expected to commence on or about January 06,2016.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Karvy Computershare Private Limited at http://karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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:

Karvy Computershare Private Limited
Karvy Selenium Tower B. Plot 31 -32, Gachibowli. Financial District, Nanakramguda,
Hyderabad 500 032, Telangana, India. Tel: +91 40 6716 2222; Fax: +91 40 23001153;
Email: einward.ris@karvy.com Website: http://karisma.karvy.com; Investor Grievance Email: nhhospitals.ipo@karvy.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

Place: Bengaluru, Kamataka
Date: January 04,2016
For NARAYANA HRUDAYALAYA LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF NARAYANA HRUDAYALAYA LIMITED NARAYANA HRUDAYALAYALIMITED

Narayana Hrudayalaya IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Narayana Hrudayalaya IPO?

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

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

    Visit the Narayana Hrudayalaya IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Narayana Hrudayalaya IPO allotment process?

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








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App