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POWERHOUSE FITNESS AND REALTY LIMITED Our company was incorporated as 'Powerhouse Fitness And reality limited' a public limited company under the companies Act, 1956 pursuant to Certificate of incorporation dated February 8, 2013 issued by the Registrar of companies, Maharashtra, Mumbai. Our company received the certificate of commencement of business on February 18, 2013 issued by the registrar of comanies , maharashtra, mumbai. Our corporate identification number is U85190MH2013PLC240311. For further details of our comany, Please refer to the chapters titled 'General information' and 'History and certain corporate Matters' begining on page numbers 36 and 81, respectively, of the prospectus. Registered Office: 702, Concord CHS, JVPD Scheme, plot No.1. Near Shiv Sagar Hotel, N.S. Road, Vile Parle (West), Mumbai - 400 056, Maharashlra, India Tel: +91 222671 4225, Fax: +91 22 2671 4225 * website: www.powerhousegymindia.co.in , E-mail: info@powerhousegymindia.com Company Secretary and Compliance Officer: Ms. Vidhi Shah OUR PROMOTERS; MR. AKSHAT GUPTA., MR, ANKUSH GUPTA, AND MRS. SUSHMA GUPTA BASIS OF ALLOTMENT PUBLIC ISSUE OF 24,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARE') OF POWERHOUSE FITNESS AND REALITY LIMITED ( THE 'COMPANY' OR THE 'ISSUER') FOR CASH ATA A PRICE OF RS 30 PER EQUITY SHARE , INCLUIDING SHARE PREMIUM OF RATE 20 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS 720.00 LACS ('THE ISSUE'), OF WHICH 1,28,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH ATA A PRICE OF RS 30 PER EQUITY SHARES AGGREGATING RS 38.40 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE ('MARKET MAKER RESERVEATION PORTION:'), THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 22,72,000 EQUITY SHARES OF FACE VALUE RS 10 EACH FOR CASH AT A PRICE OF RS 30 PER EQUITY SHARES AGGREGATING RS 681.60 LACS EACH HEREINAFTER REFFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 34.78% AND 32.93% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMAPNY. THIS BEING A FIXED PRICE ISSUE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET OFFER OF 22,72,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE. THE FACE VALUE DF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 30 TIMES OF THE FACE VALUE ISSUE OPENED ON MONDAY, SEPTEMBER 29, 2014 AND CLOSED ON THURSDAY, OCTOBER 9, 2014 PROPOSED LISTING: WEDNESDAY, OCTOBER 22, 2014* The Equity Shares offerred through this 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, we are not required to obtain an in principle listing approval for the shares being offered in this issue. However, our comapny has received an approval letter dated September 8, 2014 from BSE for using its name in this Prospectus for listing of our Equity shares on the SME platform of BSE. For the pupose of this issue, BSE shall be Designated Stock Exchange. The trading is proposed to be commenced with effect from WDENESDAY, OCTOBER 22,2014.* *SUBJECT TO RECEIPT OF LISTING AND TRADING APPROVALS FROM THE BSE LIMITED SUBSCRIPTION DETAILS The issue has received 161 applications for 2008000 Equity shares resulting in 0.84 times subscription (including reserved portion of market maker). Since this issue was fully underwritten, and requisite notice was sent to Underwriter i.e. Transparent Shares and Securities Limited hence Underwriter has arranged for subscription for the shortfall of Equity shares and accordingly issue was oversubscribed. The details of the applications received in the issue (before technical rejections and after cheque returns) are as follows:
The details of applications rejected by the Registrar on technical grounds/ Withdrawal are detailed below: Technical rejection / withdrawal
Aftar eliminaling Technically Rejected applications, the folllowing tables gives the details of category wise net valid applications: After Technical Rejections
The undersuascribed 6,92,000 equity shares of Net issue portion was arranged for subscription by underwriter. Allocation: The basis of Allottment was finalized in consultation with the Designated stock exchange BSE limited on october 17, 2014 A. Allocation to market maker (After Technical Rejection): The basis of allotment to the market maker, at the issue price of Rs. 30/- per equity shares was finalised in consultation with BSE. The category was subscribed by 1.00 times including application by Market Maker of 8000 Equity shares for Shortfall. The total number of shares allotted in this category is 1,28,000 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. 30/ per equity shares, was finalised in consulation with BSE. the category was subscribed by 0.31 times i.e. for 3,48,000 equity shares. Due to under subscription all the 87 valid applications in this category have been given full and firm allotment of 4,000 Equity shares each and the under subscribed portion, of 96,000 equity shares from retail individual investors category have been spilled over to other than retail individual investors category and 692000 equity shares from retail individual investors category have been spilled over to underwriter's category. C. Allocation to Other than Retail individual Investors (After technical Rejection): The Basis of allotment to the other than retail individual investors, at the issue price of rs 30/- per equity shares, was finalised in consultation with BSE. The category was subscribed 1.08 times. After adding the spill over 96,000 equity shares from retail individual investors category the category was subscribed by 1 time. the total number of shares allotted in this category is 12,32,000 Equity Shares. The category wise details of the Basis of Allotment are as under:
D: Allocation to underwriters (After Technical Rejections & Withdrawal): The subscription for the shortfall 692000 Equity shares in retail category has been arranged by Underwriter at the issue parice of Rs. 30/- per Equity Shares. The Basis Of Allotment for Undrwriter at the issue price of Rs. 30/- Per Equity Share, was finalised in consulatation with BSE. The category wise basis of allotment is as under.
The Board of Directors of the Company at its meeting held on October 18, 2014 has taken on record the Basis Of allotment of Equity shares approved by the Designated Stock Exchange viz. BSE limited and has authorized the corporate action for the transfer of the equity shares to various successful applicants. The CAN-cum-Refund Oders and allotment advice and/or notices are being dispatched to the address of the applicants as registered with the depostories on October 20, 2014. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to October 20, 2014. In case the same is not received wilhin 10 days, investors may contact at the address given below. Refunds have been made through Direct credit , RTGS and NEFT. into the BankAccocnls of the applicants as registered with the depositories For other applicants Refund Oders are being dispatched to their address as registered with the depositories in case the sarne is not received wthin 10 days, investors may contact at the addvess given below. The Refund orders have been over-printed with the Bank Mandate details as registered. If any, with the depostiortes. The Equity Shares allocated to successtul applicants are beingcredited to their beneficiery 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. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated September 15, 2014 ('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 tha application had been lodged and payment details at the address of the Registrar given below: BIGSHARE SERVICES PRIVATE LIMITED
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The Powerhouse Fitness IPO basis of allotment (published above) tells you how shares are allocated to you in Powerhouse Fitness IPO and category wise demand of IPO share.
Visit the Powerhouse Fitness IPO allotment status page to check the number of shares allocated to your application.
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