Chittorgarh.com Logo
Loading...

Reliable Data IPO Details

Issue Open Sep 27, 2017
Issue Close Oct 3, 2017
IPO Price ₹57
Face Value ₹10
IPO Size ₹14.82 Cr
Listing At NSE SME
IPO Lot Size 2000

RELIABLE DATA SERVICES LIMITED

CIN: U72900DL2001PLC110145

Our Company was originally incorporated on March 22, 2001 as 'Reliable Data Services Private limited' vide Registration no 110145/2001-2002 (CIN U72900DL2001PTC110145) under the provisions of the Companies Act 1956 with the Registrar of Companies. N.C.T of Delhi and Haryana. Further, our Company was converted into Public Limited Company and consequently name of company was changed from 'Reliable Data Services Private Limited'' to 'Reliable Data Services Limited' vide Special resolulion passed by the Shareholders at the Extra Ordinary General Meeting held on July14, 2017 and a fresh certificate of incorporation dated July 25, 2017 issued by the Registrar of Companies. Delhi. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 112 of the Prospects.

Registered Office: GF-22. Hans Bhawan. 1, Bahadur Shah Zafar Marg. ITO, New Delhi East Delhi. Delhi -110002. India.
Corporate Office: C-69, Sector-2, Noida, Uttar Pradesh (NCR)- 201301, India. Tel No: +91-120-4089177, +91-120-4089100. Fax No.: +9l-120-4089120
E-mail: cs@rdspi.com Website: www.rdspi.com

CONTACT PERSON MS. NIHARIKA GUPTA, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTER OF OUR COMPANY: MR. SANJAY KUMAR PATHAK, MR. RAKESH JHA, MR. SANDEEP KUMAR JHA, MR. SUNIL KUMAR RAI AND MR.
ANIL KUMAR JHA

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 26,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF RELIABLE DATA SERVICES LIMITED (OUR COMPANY OR 'ISSUER') FOR CASH AT A PRICE OF RS 57.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 47.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 1482.00 LAKHS (ISSUE ) OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 57.00 PER EQUITY SHARE. AGGREGATING TO RS 79.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (MARKET MAKER RESERVATION PORTION). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 24,60,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 57 00 PER EQUITY SHARE AGGREGATING TO RS 1402.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.23% & 28.60%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 248 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 57.00. THE ISSUE PRICE IS 5.7 TIMES OF THE FACE VALUE.

ISSUE OPENED ON WEDNESDAY, SEPTEMBER 27, 2017 AND CLOSED ON TUESDAY OCTOBER 03, 2017. PROPOSED LISTING: OCTOBER 11, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE' i.e. 'NSE EMERGE') in terms of Chapter XB of SEBi (ICDR), Regulation, 2009 as amended. Our Company has received an in -principle approval letter dated september 19,2017 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this issue, the designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about October 11, 2017. *

*Subject to receipt of listing and trading approvals from the National Stock Exchange of India 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 8355 applications for 11,59,96,000 Equity Shares resulting in 44.61 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
% NUMBER OF
EQUITY SHARES
% SUBSCRIPTION
(TIMES)
Market Makers 1 0.01 1,40,000 0.12 1.00
Retail Individual Investors 8206 98.22 1,64,12,000 14.15 13.34
Other than Retail Individual Investors 148 1.77 9,94,44,000 85.73 80.85
TOTAL 8355 100.00 11,59,96,000 100.00

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

Category No. of
Applications
No. of
Equity Shares
Market Makers Nil Nil
Retail Individual Investors 85 1,70,000
Other than Retail Individual Investors 1 8,000
TOTAL 86 1,78,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category No. of Applications % Reserved Portion (as per Prospectus) No. of Valid Shares applied % of Total Applied Subscription (Tunes)
Market Maker 1 100 1,40,000 1,40,000 100 1.00
Total 1 100 1,40,000 1,40,000 100 1.00
Category No. of
Applications
% Reserved Portion
(as per Prospectus)
Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
% of Total
Applied
Subscription
(Times)
Retail Individual Investors 8121 98.22 12,30,000 12,30,000 1,62,42,000 14.04 13.20
Other than Retail Individual Investors 147 1.78 12,30,000 12,30,000 9,94,36,000 85.96 80.84
Total 8268 100.00 24,60,000 24,60,000 11,56,78,000 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 09, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 57 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,40,000 Equity shares. The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied
for
(Category
wise)
No. Of
Applications
Recelved
% to
Total
Total No.
of Equity
Shares
applied
In this
Category
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(before
Rounding
Off)
Allocation
per
Applicant
(after
Rounding
Off)
Ratio of
Allottees
to AppliCant:
Ratio 1
Ratio of
Allottees
to AppliCant:
Ratio 2
Number of
Successful
applicants
(after
rounding Off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus
/Deficit
1,40,000 1 100 1,40,000 100 1,40,000 1,40,000 1,40,000 1 1 1 1,40,000 --
TOTAL 1 100 1,40,000 100 1,40,000 1,40,000 1,40,000 1 1 1 1,40,000 --

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 57 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 13.20 times i.e. for 1,62,42,000 Equity Shares. Total number of shares allotted in this category is 12,30,000 Equity Shares to 615 successful applicants

The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied
for
(Category
wise)
No. Of
Applications
Recelved
% to
Total
Total No.
of Equity
Shares
applied
In this
Category
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(before
Rounding
Off)
Allocation
per
Applicant
(after
Rounding
Off)
Ratio of
Allottees
to AppliCant:
Ratio 1
Ratio of
Allottees
to AppliCant:
Ratio 2
Number of
Successful
applicants
(after
rounding Off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus
/Deficit
2000 8121 100 1,62,42,000 100 12,30,000 151.46 2000 205 2707 615 12,30,000 0.00
TOTAL 8121 100 1,62,42,000 100 12,30,000 615 12,30,000 0.00

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors at the issue pnee of Rs 57 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subsenbed by 80.84 times i.e. for 9,94,36,000 shares the total number of shares allotted in this category is 12,30,000 Equity Shares to 102 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied
for
(Category
wise)
No. Of
Applications
Recelved
% to
Total
Total No.
of Equity
Shares
applied
In this
Category
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(before
Rounding
Off)
Allocation
per
Applicant
(after
Rounding
Off)
Ratio of
Allottees
to AppliCant:
Ratio 1
Ratio of
Allottees
to AppliCant:
Ratio 2
Number of
Successful
applicants
(after
rounding Off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus
/Deficit
4000 9 6.12 36000 0.04 445 49.48 2000 1 9 1 2000 -1555
6000 4 2.72 24000 0.02 297 74 22 2000 1 4 1 2000 -1703
8000 6 4.08 48000 0.05 594 98.96 2000 1 6 1 2000 -1406
10000 5 3.40 50000 0.01 618 123.70 2000 1 5 1 2000 -1382
12000 1 0.68 12000 0.01 148 148.44 2000 1 1 1 2000 -1852
14000 4 2.72 56000 0.06 693 173.18 2000 1 4 1 2000 -1307
16000 3 2.04 48000 0 05 594 197.92 2000 1 3 1 2000 -1406
18000 4 2.72 72000 0.07 891 222.66 2000 1 4 1 2000 -1169
20000 5 3.40 100000 0.10 1237 247.40 2000 1 5 1 2000 -763
22000 3 2.04 66000 0.07 816 272.13 2000 1 3 1 2000 -1184
26000 2 1.36 52000 0.05 643 321.61 2000 1 2 1 2000 -1357
34000 1 0.68 34000 0.03 421 420.57 2000 1 1 1 2000 -1579
40000 1 0.68 40000 0.04 495 494.79 2000 1 1 1 2000 -1505
42000 2 1.36 84000 0.08 1039 519.53 2000 1 2 1 2000 -961
44000 4 2.72 176000 0.18 2177 544.27 2000 1 4 1 2000 177
48000 1 0.68 48000 0.05 594 593.75 2000 1 1 1 2000 -1406
52000 3 2.04 156000 0.16 1930 643.23 2000 1 3 1 2000 -70
56000 1 0.68 56000 0.06 693 692.71 2000 1 1 1 2000 -1307
60000 2 1.36 120000 0.12 1484 742.19 2000 1 2 1 2000 -516
66000 1 0.68 66000 0.07 816 816.40 2000 1 1 1 2000 -1184
76000 1 0.68 76000 0.08 940 940.10 2000 1 1 1 2000 -1060
78000 1 0.68 78000 0.08 965 964.84 2000 1 1 1 2000 -1035
88000 5 3.40 440000 0.44 5443 1088.54 2000 2 5 2 4000 1443
90000 1 0.68 90000 0.09 1113 1113.28 2000 1 1 1 2000 -887
92000 1 0.68 92000 0.09 1138 1138.02 2000 1 1 1 2000 -862
94000 1 0.68 94000 0.09 1163 1162.78 2000 1 1 1 2000 -837
110000 1 0.68 110000 0.11 1361 1360.67 2000 1 1 1 2000 -639
114000 1 0.68 114000 0.11 1410 1410.15 2000 1 1 1 2000 -590
116000 1 0.68 116000 0.12 1435 1434.89 2000 1 1 1 2000 -565
120000 1 0.68 120000 0.12 1484 1484.37 2000 1 1 1 2000 -516
122000 1 0.68 122000 0.12 1509 1509.11 2000 1 1 1 2000 -491
132000 1 0.68 132000 0.13 1633 1632.81 2000 1 1 1 2000 -367
134000 1 0.68 134000 0.13 1658 1657.55 2000 1 1 1 2000 -342
150000 2 1.36 300000 0.30 3711 1855.46 2000 1 1 2 4000 -289
174000 1 0.68 174000 0.17 2152 2152.34 2000 1 1 1 2000 152
180000 1 0.68 180000 0.18 2227 2226.56 2000 1 1 1 2000 227
200000 1 0.68 200000 0.20 2474 2473.95 2000 1 1 1 2000 474
262000 3 2.04 786000 0.79 9723 3240.88 2000 1 1 3 6000 3723
264000 1 0.68 264000 0.27 3266 3265.62 2000 1 1 1 2000 1266
312000 1 0.68 312000 0.31 3859 3859.37 2000 1 1 1 2000 1859
350000 10 6.80 3500000 3.52 43294 4329.42 4000 1 1 10 40000 3294
400000 1 0.68 400000 0.40 4948 4947.91 4000 1 1 1 4000 948
438000 2 1.36 876000 0.88 10836 5417.96 4000 1 1 2 8000 2836
526000 3 2.04 1578000 1.59 19519 6506.50 6000 1 1 3 18000 1519
528000 1 0.68 528000 0.53 6531 6531.24 6000 1 1 1 6000 531
762000 1 0.68 762000 0.77 9426 9425.76 10000 1 1 1 10000 -574
876000 5 3.40 4380000 4.40 54180¦ 10835.91 10000 1 1 5 50000 4180
1052000 1 0.68 1052000 1.06 13013 13012.99 14000 1 1 1 14000 -987
1228000 1 0.68 1228000 1.23 15190 15190.07 16000 1 1 1 16000 -810
1928000 2 1.36 3856000 3.88 47698 23848.91 24000 1 1 2 48000 -302
2280000 1 0.68 2280000 2.29 28203 28203.07 28000 1 1 1 28000 203
2456000 19 12.93 46664000 46.93 577223 30380.14 30000 1 1 19 570000 7223
2458000 3 2.04 7374000 7.42 91215 30404.88 30000 1 1 3 90000 1215
2460000 8 5.44 19680000 19.79 243437 30429.62 30000 1 1 8 240000 3437
Total 147 100 99,436,000 100 1230000 262832.78 296,000 102 1,230,000 0

The Board of Directors of the Company at its meeting held on October 09, 2017has approved the Basis of Allotment of Equity Shares as approved by the Designated Stock Exchange viz. National Stock Exchange of india Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and /or notices will forwarded to the email id's and address of the Applicants as registered with the depositories as filled in the application form on or before October 10,2017. Further the instructions to self certified Syndicate Banks for unblocking the amount will processed on or prior to October 10, 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 National Stock Exchange of india Limited (NSE EMERGE) within six working days from the date of the closure of the issue.

Note: All capitalized terms used & not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 20, 2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue. Skyline financial Services Pnvate Limited at www.skylinerta.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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Pnase-I, New Delhi-110020.
Tel No.: +91 11 64732681-88, Fax No.: +91 11 26812682
Email: virenr@skylinerta.com or admin@skylinerta.com
Investor Grievance Email:
info@skylinerta.com Website: www.skylinerta.com
Contact Person: Mr. Virendra Rana, SEBI Regn. No: INE00003241

Date : 09/10/2017
Place: New Delhi
For RELIABLE DATA SERVICES LIMITED
On behalf of the Board of Directors
SD/-
Mr. Sanjay Kumar Pathak
Chairman & Managing Director
DIN 00912040

Reliable Data IPO Basis of Allotment FAQs

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

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

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