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Oyeeee Media IPO Details

Issue Open Aug 13, 2015
Issue Close Aug 19, 2015
IPO Price ₹40
Face Value ₹10
IPO Size ₹15.90 Cr
Listing At BSE SME
IPO Lot Size 3000

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

OYEEEE MEDIA LIMITED

(CIN: U22300MH2008PLC181234)

Our Company was originally Incorporated at Mumbal as 'Oyeeee Media Private Limited' on 16* April, 2008 under the provisions of the Companies Act, 1956. Our Company was converted in to a Public Limited Company and consequently the name was changed to 'Oyeeee Media Limited' vide fresh certificate of incorporation dated 1st December, 2014 issued by the Registrar of Companies, Mumbai, Maharashtra. For further details in relations to the changes to the name of ourCompany, please refer to the section titled 'Our History and Corjporate Structure'beginning on page 87 of the Prospectus.

Registered Office: A-201,2' Floor, Crystal Plaza, New Link Road, Oshiwara Village, Andheri West, Mumbai-400 053, Maharashtra, India;
Tel:
+91-22- 6699 3751; Email: cs@oyeeeemedia.com; Website: www.oyeeeemedia.com Contact Person & Compliance Officer: Ms. Shaila Ramesh Gholap, Company Secretary & Compliance Officer

OUR COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER IN TERMS OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED (THE 'SEBI REGULATIONS')

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 39,75,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF OYEEEE MEDIA LIMITED ('OML' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 40/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 1590.00 LACS ('THE ISSUE'), OF WHICH, 2,01,000 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 37,74,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.83% AND 25.48%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 4th August, 2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to shall be initially 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 RS. 10/- EACH AND THE ISSUE PRICE IS RS. 40 EACH. THE ISSUE PRICE IS 4.00 TIMES OF THE FACE VALUE. ISSUE OPENED ON 13™ AUGUST, 2015 AND CLOSED ON 19™ AUGUST, 2015.

The Equity Shares offered through ttie 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 23' July, 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').

SUBSCRIPTION DETAILS

The Issue has received 304 applications for 29,31,000 Equity Shares (Including Market Maker Application of 2,01,000 Equity Shares) resulting 0.7374 time subscription before cheque returns and before considering technical rejection cases. The Issue was subscribed to the extent of 0.7366 time after considering the cheque return cases of 3,000 Shares for 1 application. After considering the Technical Rejection and withdrawal cases of 54,000 Shares for 6 applications, the Issue was subscribed 0.7230 time. Since this Issue was fully underwritten, and requisite notice has been sent to Underwriters i.e. First Overseas Capital Limited and Alacrity Securities Limited hence Underwriter have procured the shortfall of 11,01,000 Shares from 65 applications and accordingly Issue was subscribed to 1.00 time. The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejections):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Retail Individual Applicants 147 4,41,000 0.234
Non Retail Applicants 155 22,86,000 1.211
Market Maker Portion 1 2,01,000 1.000
Underwriter Procurement 65 11,01,000 1.000
TOTAL 368 40,29,000 1.014

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Retail Individual Applicants 3 9,000
Non Retail Applicants 3 45,000
TOTAL 6 54,000

Detail of the Applications Received (After Technical Rejections):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Retail Individual Applicants 144 4,32,000 0.229
Non Retail Applicants 152 22,41,000 1.188
Market Maker Portion 1 2,01,000 1.000
Underwriter 65 11,01,000 1.000
TOTAL 362 39.75.000 1.000

* Arrived as per designation stock exchange in terms of SEBI ICDR Regulations.

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 28' August, 2015.

A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,01,000 Equity shares in full out of reserved portion of 2,01,000 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. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.229 times. Total number of shares allotted in this category is 4,32,000 Equity Shares. The balance 11,01,000 Shares has been added to Underwriter Procurement Category and 3,54,000 Shares has been added to Non Retail Category as spill over. The category wise basis of allotment is as under:

No. of Shares Applied lor (Category wise) No. of Applications received %to Total Total No. of Equity Shares applied %to Total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted
3000 144 100 4,32,000 100 18,87,000 3,000 FIRM 4,32,000
TOTAL 144 100 4,32,000 100 18,87,000 3,000 FIRM 4,32,000

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.188 times. Total number of shares allotted in this category is 22,41,000 Equity Shares including spill over of 3,54,000 Shares from Retail Category. 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
6,000 73 48.03 4,38,000 19.55 438000 6,000 6,000 FIRM 4,38,000
9,000 27 17.76 2,43,000 10.84 243000 9,000 9,000 FIRM 2,43,000
12,000 22 14.47 2,64,000 11.78 264000 12,000 12,000 FIRM 2,64,000
15,000 8 5.26 1,20,000 5.36 120000 15,000 15,000 FIRM 1,20,000
21,000 2 1.32 42,000 1.87 42000 21,000 21,000 FIRM 42,000
24,000 3 1.97 72,000 3.21 72000 24,000 24,000 FIRM 72,000
27,000 2 1.32 54,000 2.41 54000 27,000 27,000 FIRM 54,000
30,000 9 5.92 2,70,000 12.05 270000 30,000 30,000 FIRM 2,70,000
54,000 1 0.66 54,000 2.41 54000 54,000 54,000 FIRM 54,000
60,000 3 1.97 1,80,000 8.03 180000 60,000 60,000 FIRM 1,80,000
2,52,000 2 1.32 5,04,000 22.49 504000 2,52,000 2,52,000 FIRM 5,04,000
TOTAL 152 100 22,41,000 100 2241000 22,41,000

* Includes 3,54,000 Shares spill over from retail category

D. Allocation to Underwriters Procurement (After Technical Rejections & Withdrawal): The shortfall of retail category 11,01,000 Shares has been procured by Underwriter through 65 applications at the issue price of Rs. 40/-per Equity Share, was finalized in consultation with BSE. 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
3,000 15 23.07 45,000 4.09 45,000 3,000 3,000 FIRM 45,000
6,000 24 36.92 1,44,000 13.08 1,44,000 6,000 6,000 FIRM 1,44,000
9,000 3 4.62 27,000 2.45 27,000 9,000 9,000 FIRM 27,000
12,000 13 20.00 1,56,000 14.17 1,56,000 12,000 12,000 FIRM 1,56,000
15,000 1 1.54 15,000 1.36 15,000 15,000 15,000 FIRM 15,000
24,000 4 6.15 96,000 8.72 96,000 24,000 24,000 FIRM 96,000
27,000 1 1.54 27,000 2.45 27,000 27,000 27,000 FIRM 27,000
51,000 1 1.54 51,000 4.63 51,000 51,000 51,000 FIRM 51,000
99,000 1 1.54 99,000 8.99 99,000 99,000 99,000 FIRM 99,000
2,01,000 1 1.54 2,01,000 18.26 2,01,000 2,01,000 2,01,000 FIRM 2,01,000
2,40,000 1 1.54 2,40,000 21.80 2,40,000 2,40,000 2,40,000 FIRM 2,40,000
TOTAL 65 100 11,01,000 100 11,01,000 22,41,000

The Board of Directors of the Company at its meeting held on 29th August, 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 1st September, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 31st August, 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 2nd September, 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, Sharepro Services (India) Private Limited at www.shareproservices.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:

SHAREPRO SERVICES (INDIA) PVT. LTD.

Building No.13 AB, 2 Floor,Samhita Warehousing Complex, Sakinaka Telephone Exchange Lane, Off Andheri-Kurla Road,
Sakinaka, Andheri (E), Mumbai - 400 072; Tel: 022 6191 5402/022 6191 5404; Fax: 022 6191 5444 E-mail: sme.ipo@shareproservices.com; Website: www.shareproservices.com

Place: Mumbai

Date: 31.08.2015

For OYEEEE MEDIA LIMITED
On behalf of the Board of Directors
Sd/-
Shaila Ramesh Gholap
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS  PROSPECTS OF OYEEEE MEDIA LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus,

Oyeeee Media IPO Basis of Allotment FAQs

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

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

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