Pure Giftcarat IPO Details

Issue Open Apr 26, 2017
Issue Close Apr 28, 2017
IPO Price ₹13
Face Value ₹10
IPO Size ₹7.45 Cr
Listing At BSE SME
IPO Lot Size 10000

PURE GIFTCARAT LIMITED
(CIN: U36910GJ2011PLC065141)

Our Company was incorporated on April 26, 2011 as L'avance Diarays Limited under the provisions of the Companies Act, 1956 with Certificate of Incorporation issued by the Registrar of Companies. Gujarat, Dadra and Nagar Havelli with Corporate Identity Number U36910GJ2011PLC065141. Further name of our Company has been changed from L'avance Dirays Limited to Pure Giftcarat Limited on September 16,2015 with certificate issued by the Registrar of Companies, Ahmedabad. For details of changes in name and registered office of our Company, please refer to the section titled "History and Certain Corporate matters" beginning on page 89 of the Prospectus.

Registered Office: Plot-828/829. 3rd Floor, Office-3, Shree Kuberji Complex, Athugar Street, Nanpura Main Road. Surat-395001, Gujarat, India
Tel: +91-22-2473233. E-mail: info@puregiftcarat.com   Website: www.puregiftcarat.com ;

Company Secretary & Compliance Officer: Mr. Ankitkumar Tank

PROMOTER OF OUR COMPANY: MRS. VARSHABEN KORADIYA

PUBLIC ISSUE OF 57,30.000 EQUITY SHARES OF A FACE VALUE OF RS. 10 - EACH (THE 'EQUITY SHARES") OF PURE GIFTCARAT LIMITED ("PGL" OR THE COMPANY ") FOR CASH AT A PRICE OF RS. 13/- PER SHARE (THE "ISSUE PRICE'). AGGREGATING TO RS. 744.90 LAKH ("THE ISSUE"), OF WHICH. 2,90,000 EQUITY SHARES OF RS. 10 - EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I E. ISSUE OF 54, 40,000 EQUITY SHARES OF RS 13/- EACH IS HEREINAFTER REFERRED TO AS THE NET ISSUE" AGGREGATING UP TO RS. 707 20 LAKHS (THE "ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.17%. RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 17th April. 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherem a minimum of 50 % of the Net Issue 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 shal be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS 13/- EACH. THE ISSUE PRICE IS 1.30 TIMES OF THE FACE VALUE ISSUE OPENED ON 26 TH APRIL, 2017 AND CLOSED ON 28TH APRIL, 2017

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 has received an approval letter dated 13th Apnl, 2017 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 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 474 applications for 83,50,000 Equity Shares (Including Market Maker Application of 2,90,000 Equity Shares) resulting 1.457 times subscription. Three (3) applications of 30,000 Equity Shares was not banked and Four (4) Applications of 40,000 Equity Shares were banked but bid not registered, hence total 475 applications were banked for 83,60,000 Equity Shares (Including Market Maker Application of 2,90,000 Equity Shares) resulting 1.459 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows.
Detail of the Appications Received (Before Technical Rejection & withdrawal of application):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 2,90,000 1.000
Other than Retail Individual Investor's 96 42,90,000 1.577
Retail Individual Investor's 378 37,80,000 1.390
TOTAL 475 83,60,000 1.459

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers NIL Nil
Other than Retail Individual Investor's 3 1,30,000
Retail individual Investor's 18 1.80,000
TOTAL 21 3,10,000

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 2,90,000 1.000
Other than Retail Individual Investor's 93 41,60,000 1.529
Retail individual Investor's 360 36,00,000 1.324
454 80,50,000 1.405

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 4th May, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis ot Allotment to the Market Maker, at the Issue price of Rs 13/- per Equity Share, was finalised in consultation with BSE. The category was subscnbed by 1.000 time The tolal number ot shares allotted in this category is 2,90,000 Equity shares in full out of reserved portion of 2,90,000 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. 13/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.324 times. Total number of shares allotted in this category is 27,20,000 Equity Shares. The category wise basis of allotment is as under

No. of
Shares
Applied for
(Category
wise)
No. of Application % to Total Total No. of
Equity Shares
applied
% to Total Proportionate
shares available
Allocation
per
Applicant
(before rounding off)
Allocation
per
Applicant
(after rounding oft)
Ratio of
Allottees
to the
Applicants
Total no.
of Equity Shares
allotted
10000 360 100.00 3600000 100.00 2720000 7555 56 10000 272:360 2720000
TOTAL 360 100.00 3600000 100.00 2720000 2720000

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. 13/- per Equity Share, was finalized in consultation with BSE The category was subscnbed by 1.529 times. Total number of shares allotted In this category is 27,20,000 Equity Shares. The category wise basis of allotment is as under.

No. Of
Shares Applied
tor
(Category
wise)
No. of Applications % 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
Surplus/ (Deficit)
20000 25 26.88 500000 12.02 326923 13076.92 10000 FIRM 250000 (76923)
10000 8:25 80000 80000
30000 15 1613 450000 10 82 294231 19615.38 20000 FIRM 300000 5769
40000 36 38.71 1440000 34.62 941538 26153.85 30000 31:36 930000 (11538)
50000 2 2.15 100000 2.40 65385 32692.31 30000 FIRM 60000 (5385)
60000 4 4.30 240000 5.77 156923 39230.77 40000 FIRM 160000 3077
80000 2 2.15 160000 3.85 104615 52307.69 50000 FIRM 100000 (4615)
100000 2 2.15 200000 4.81 130769 65384.62 70000 FIRM 140000 9231
110000 1 1.08 110000 2.64 71923 71923.08 70000 FIRM 70000 (1923)
120000 2 2.15 240000 5.77 156923 78461.54 80000 FIRM 160000 3077
130000 1 1.08 130000 3.13 85000 85000.00 90000 FIRM 90000 5000
140000 2 2.15 280000 6.73 183077 91538.46 90000 FIRM 180000 (3077)
310000 1 1.08 310000 7.45 202693 202692.31 200000 FIRM 200000 (2693)
TOTAL 93 100 416000 100 2720000 2720000 -

The Board of Directors of the Company at its meeting held on 4th May, 2017 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 8th May, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 8th May, 2017. 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 Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 9th May, 2017 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, Bigshare Services Pnvate Limited at 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 ASBA Bank details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E 2 & 3, Ansa Industrial Estate, Saki-Vihar Road., Sakinaka, Andheri(E). Mumbai. Maharashtra 400072
Telephone: +91-22-4043 0200. Fax: +91-22-2847 5207
Email: ipo@bigshareonline.com, Contact Person: Mr.Vipin Gupta
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385

Place: Surat
Date: 04.05.2017
For Pure Giftcarat Limited
Sd/-
Shwet Koradiya
Chairman & Managing Director

Pure Giftcarat IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Pure Giftcarat IPO?

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

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

    Visit the Pure Giftcarat IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Pure Giftcarat IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Pure Giftcarat 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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