Prabhat Telecoms IPO Details

Issue Open Jul 22, 2016
Issue Close Jul 26, 2016
IPO Price ₹51
Face Value ₹10
IPO Size ₹11.22 Cr
Listing At BSE SME
IPO Lot Size 2000

PRABHAT TELECOMS (INDIA) LIMITED

(CIN-U72100MH2007PLC169551)

Our Company was originally incorporated as 'Prabhat Telecommunication Private Limited' in Mumbai. Maharashtra under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated 02nd April,  2007 bearing Registration Number 169551 issued by the Registrar of Companies, Mumbai, Maharashtra. The name of our Company was changed from Prabhat Telecommunication private Limited to Prabhat Telecoms (india) Private Limited with effect from 23rd May, 2007 vide fresh certificate of incorporation   issued by the Registrar of Companies, Mumbai, Maharashtra. Our Company was converted in to a Public Limited and Consequently the name was changed to 'Prabhat Telecoms (india) Limited' vide fresh Certificate of incorporation dated 22nd April, 2013 issued by the Registrar of Companies, Mumbai, Maharashtra.

Registered Office: 2, Geetanjali Apartments, Manchhu Bhai Road, Near Manali Hotel, Near Subway, Malad (East). Mumbai-409 097
Corporate Office: Unit No. 402, Floor Western Edge -1, Western Express Highway. Borivali (East), Mumbai - 400 066, Maharashtra, India
Tel: +91-22- 40676000; Fax: +-91-22-40676042: Email: investors@prabhatgroup.net ;Website: www.prabhattelecoms.com
Contact Person: Mr Lijo Mathew Varghese, Company Secretary & Compliance Officer

PROMOTERS OF OUR COMPANY: MR. VISHWAMANI TIWARI

BASIS OF ALLOTMENT

PUBLIC OFFER OF 22,00,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ( 'EQUITY SHARES') OF PRABHAT TELECOMS (INDIA) LI MITED (' PRABHAT' OR THE 'PTIL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE (THE 'OFFER PRICE') THROUGH AN OFFER FOR SALE BY MR. VlSHWAMANI TIWARI & M/S. VEE THREE INFORMATICS LIMITED ('THE SELLING SHAREHOLDERS'} AGGREGATING RS 1122.00 LAKHS ('THE OFFER'), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, AGGREGATING RS. 61.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE OFFER (THE ' MARKET MAKER RESERVATION PORTION').THE OFFER LESS MARKET MAKER RESE RVATION PORTION I.E. OFFER OF 20,80,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 51 PER EQUITY SHARE, AGGREGATING RS. 1060.80 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET OFFER', THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.46% AND 25.02% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 9th July, 2016 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 availabl  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 inveslors 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 speeded in (a) or (b) shall/may be made availableble 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 OFFER PRICE IS RS. 51/- EACH.
THE OFFER PRICE IS 5.10 TIMES OF THE FACE VALUE. OFFER OPENED ON 22th JULY, 2016 AND CLOSED ON 26th JULY, 2016

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 Offer. However Company has received an approval letter dated 9th May, 2016 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 are mandatorily to participate in The Offer Ihrough 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 Certllied Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Offer has received 286 applications for 28,74,000 Equity Shares (including Market Maker Application of 1,20,000 Equity Shares) resulting 1.306 times subscription. The details of the applications received in the Offer (before technical rejections) are as follows:

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 1,20,000 1.000
Other than Retail Individual Investors 160 25,04,000 2.408
Retail Individual Investors 125 2,50,000 0.240
TOTAL 286 28,74,000 1.306

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Maker Nil Nil
Other than Retail Individual Investor's 7 48,000
Retail Individual Investor's 11 22,000
TOTAL 18 70,000

Details of the Valid Applications Received (After Technical Rejection & withdrawal);

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTS
Market Maker 1 1,20,000 1.009
Other than Retail Individual Investor's 153 24,56,000 2.302
Retail Individual Investor's 114 2,28,000 0.219
TOTAL 268 26,00,000 1.275

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 29th July, 2016.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Mater; at the Offer price of Rs. 51/- 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 1,20,000 Equity shares in full out of reserved portion of 1,20,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawl): The Basis of Allotment to the Retail Individual Investors, at the Offer pice of Rs. 51/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.219 times. Total number of shares allotted in this category is 2,28,000 Equity Shares. The balance 8,12,000 Equity Shares has been spilled over to Non Retail Investors 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
allocated / allotted
Surplus /
(Deficit)
2,000 114 100 2,28,000 100 10,40,000 2,000 2,000 FIRM 2,28,000 (8,12,000)
TOTAL 114 100 2,28,000 100 10,40,000 2.28,000 (8,12,000)

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the offer price of Rs. 51/-per Equity Share, was finalized m consultation with BSE. The category was subscribed by 2.362 times. Total number of shares allotted in this category is 18,52,000 Equity Shares Including spill over of 8,12,000 Equity Shares from Retail Individual category. The category wise basis, of allotment is as under:

No. of
Shares Applied
for (Category wise)
No. of
Applications received19
% 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
allocated / allotted
Surplus /
(Deficit)
4,000 19 12.42 76,000 3.09 57,309.45 3,016.29 4,000 14:19 56,000 (1,309.45)
6,000 28 18.30 1,68,000 6.84 1,26,684.04 4,524.43 4.000 FIRM 1,12,000 (14.684.04)
2,000 7,:28 14,000 14,000.00
8,000 5 3.27 40,000 1.63 30,162.87 6,032.57 6,000 FIRM 30,000 (162.87)
10,000 34 22.22 3,40,000 13.84 2,56,384.36 7,540.72 8,000 16:17 2,56,000 (384.36}
12,000 1 0.65 12,000 0.49 9,048.86 9,048.86 10,000 FIRM 10,000 951.14
14,000 8 5.23 1,12,000 4.56 84,456.03 10,557.00 10,000 FIRM 80,000 (4,456.03)
2,000 2:8 4,000 4000.00
20,000 38 24.84 7,60,000 30.94 5,73,094.46 15,081.43 16,000 18:19 5,76,000 2.905.54
24,000 2 1.31 48,000 1.95 36,195.44 18,097.72 18,000 FIRM 36,000 (195.44)
26,000 1 0.65 26,000 1.06 19,605.86 19,605.00 20,000 FIRM 20,000 394.14
30,000 3 1.96 90,000 3.66 67,866.45 22,622.15 22,000 FIRM 66,000 (1,866.45)
32,000 2 1.31 64,000 2.61 48,260.59 24,130,29 24,000 FIRM 48,000 (260.59)
40,000 7 4.58 2,80,000 11.40 2,11,140.07 30,162.87 30,000 FIRM 2,10,000 (1,140.07)
60,000 4 2.61 2,40,000 9.77 1,80,977.20 45,244.30 46,000 FIRM 1,84,000 3,022,80
2,00,000 1 0.56 2,00,000 8.14 1,50,814.33 1,50,814.33 1,50,000 FIRM 1,50,000 (814.33)
TOTAL 153 100 24,56,000 100 18,52,000 18,52,000 -

The Board of Directors of the Company at its meeting held on 30th July. 2016 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 allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories. / as filled in the application form On or before 1st August 2016. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 1st August, 2016. In case the same is not received within 10 days, investors may contact al 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 tating steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within Six working days from the date Of the Closure of the offer. The trading is proposed to be commenced on or before 3rd August, 2016 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 Offer, Cameo Corporate Services Limited at www.cameoindia.com All future correspondence in this regard may kindly be addressed to the Registrar to the offer quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for and ASBA Bank details at the address of the Registrar given below:

CAMEO CORPORATE SERVICES LTD
Submaramanian Building, 1 Club House Road, Chennai - 600 002.; Tel No.: +91-44-2846 0390/1989
Fax No,: +-91-44-2846 0129; E-mail ID: cameo@cameoindia.com Website: www.cameoindia.com
Contact Person: Mr. R.D. Ramasamy: SEBI Registration No:INR000003753

Place: Mumbai
Date: 01.08.2016
For Prabhat Telecoms (India) Limited
On behalf of the Board ot Directors
Sd/-
Vishwamani M Tiwari
Managing Director

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 PROSPECTUS OF PRABHAT TELECOMS (INDIA) LIMITED

Note All capilahzed terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Prabhat Telecoms IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Prabhat Telecoms IPO?

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

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

    Visit the Prabhat Telecoms IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Prabhat Telecoms IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Prabhat Telecoms 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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