Rithwik Facility IPO Details

Issue Open Dec 29, 2017
Issue Close Jan 3, 2018
IPO Price ₹50
Face Value ₹10
IPO Size ₹4.05 Cr
Listing At BSE SME
IPO Lot Size 3000

Rithwik Facility Management Services Limited

Corporate Identification Number: U74900TN2010PLC074294

Our Company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Register of Companies. Tamil Nadu. Chennai. Andaman and Niicobar Islands on January 18. 20 10 with the name 'Rithwik Building Services Private Limited'. Further, our Company changed Us name pursuant to approval of the shareholders at an extraordinary general meeting held on July 28.2017 and consequently, the name of our Company was changed to 'Rithwik Facility Management Services Private Limited' and a fresh certificate of incorporation was issued by Registrar of Companies. Tamil Nadu. Chennai on August 18. 2017. Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on September 01, 2017 and consequent the name of our Company was changed to 'Rithwik Facility Management Services Limited' and a fresh certificate of incorporation consequent upon conversion to pubitc Iimited company was issued by the Registrar of Companies, Tamil Nadu, Chennai on September 15, 2017. For further details of our Company refer 'General information' and 'History and Certain Other Corporate Matters' on pages 39 and 80. respectively.

Registered Office: R.R. Tower III, Thiru-Vl-KA industrial Estate, Guindy, Chennai - 600 032. Tamil Nadu, India. | Tel- No.: +91 44 4353 4441
E-mail: info@rithwik.co.in | Website; www.rithwik.co.in | Contact Person; Subbiah Jayapandi, Company Secretary and Compliance Officer.

PROMOTERS OF THE COMPANY: RITHWIK RAJSHEKAR RAMAN AND NlRANJAN VYAKARNA RAO

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 8,10,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF RITHWIK FACILITY MANAGEMENT SERVICES LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 50.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 40.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 405.00 LAKHS ('THE ISSUE'). OF THE ISSUE, 42,000 EQUITY SHARES AGGREGATING TO RS 21.00 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 7,68,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 50.00 PER EQUITY SHARE AGGREGATING TO RS 384.00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.10%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET ISSUE OF 7,68,000 EQUITY SHARES. NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVET0RS 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 PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE ISSUE PRICE OF RS 50 IS 5.0 TIMES OF THE FACE VALUE

ISSUE OPENED ON DECEMBER 29,2017 AND CLOSED ON JANUARY 3, 2018
PROPOSED LISTING: THURSDAY, JANUARY 11, 2018*

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of 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-principal listing approval for the shares being offered In this Issue. However, our Company has received an approval letter dated December 13, 2017 from SSE for using its name in this Prospectus for listing of our Equity Shares, on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from THURSDAY, JANUARY 11, 2018*.
*Subject to receipt of listing and trading approvals from the BSE.
All Applicants participated in the issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Sell Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 4830 applications (after removing applications not banked) for 3,36,90,000 Equity Shares resulting in 41.59 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 No. of Applications % No. of Equity Shares % Subscription
Market Maker 1 0.02% 42000 0.12% 1.00
Retail Individual Investors 4697 97.25% 14091000 41.83% 36.70
Non Retail Investors 132 2.73% 19557000 58.05% 50.93
TOTAL 4830 100.00% 33690000 100.00% 41.59

The details of applications rejected by the Reqistrar on technical grounds/ withdrawal are detailed below: Technical rejection / Withdrawal

Category No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 34 102000
Non Retail Investors 6 72000
TOTAL 3I 174000

After eliminating Technically Rejected applications, the following table gives the deteils of Category wise net valid applications: After technical rejections

Category No. of
Applications
% No. of Equity
Shares (Valid)
% Subscription Proportionate No. of
Equity Shares (Allocated)
After Rounding Off
Market Maker 1 0.02% 42000 0.13% 1.00 42000
Retail Individual Investors 4663 97.35% 13989000 41.74% 36.43 384000
Non Retail Investors 126 2.63% 19485000 58.14% 50.74 384000
TOTAL 4790 100.00% 33516000 100.00% 41.38 810000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on January 8, 2018.
A. Allocation to Market Maker (After Technical Rejections): the Basis of Allotment to the Market Maker, at the issue price of Rs 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 42,000 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 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed 36.43 times. The total number of shares allotted in this category is 3,84,000 Equity Shares to 128 successful applicants.
The Category - wise details of the Basis of Allotment are as under:

No.of Shares
Applied for
(Category wise)
No of
Applications
Receives
% to
Total
Total No. of
Shares Applied
in each Category
% of
Total
Proporti
nate Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant
(After
Rounding Off)
Ratio of Allottees to
Applicants
Total No of Shares allotted Surplus/ Defecit
3000 4663 100.00 13989000 100.00 384000 82.35 3000 128:4663 384,000 Nil
TOTAL 4663 100.00 13989000 100.00 384000 384,000 Nil

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed 50.74 times. The total number of shares allotted in this category is 3,84,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:

No.of Shares
Applied for
(Category wise)
No of
Applications
Receives
% to
Total
Total No. of
Shares Applied
in each Category
% of
Total
Proporti
nate Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant
(After
Rounding Off)
Ratio of Allottees to
Applicants
Total No of Shares allotted Surplus/ Defecit
6000 31 24.60 186000 0.95 3666 118.24 3000 1:31 3000 -666
9000 6 4.76 54000 0.28 1064 177.37 3000 1:6 3000 1936
12000 15 1l.90 180000 0.92 3547 236.49 3000 1:15 3000 -517
15000 7 5.56 105000 0.54 2069 295.61 3000 1:7 3000 931
18000 7 5.56 126000 0.65 2483 354.73 3000 1:7 3000 517
21000 2 1.59 42000 0.22 828 413.86 3000 0:0 0 -828
24000 4 3.17 96000 0.49 1892 472.98 3000 1:4 3000 1108
27000 1 0.79 27000 0.14 532 532.10 3000 0:0 0 -532
30000 2 1.59 60000 0.31 1182 591,22 3000 1:2 3000 1818
48000 1 0.79 48000 0.25 946 945.96 3000 0:0 0 -946
60000 4 3.17 240000 1.23 4730 1182.45 3000 1:4 3000 -1730
72000 1 0.79 72000 0.37 1419 1418.94 3000 1:1 3000 1581
78000 1 0.79 78000 0.40 1537 1537.18 3000 1:1 3000 1463
120000 1 0.79 120000 0.62 2365 2364.90 3000 1:1 3000 635
123000 1 0.79 123000 0.63 2424 2424.02 3000 1:1 3000 576
129000 1 0.79 129000 0.66 2542 2542.26 3000 1:1 3000 458
135000 1 0.79 135000 0.69 2561 2660.51 3000 1:1 3000 339
138000 1 0.79 138000 0.71 2720 2719.63 3000 1:1 3000 280
144000 1 0.79 144000 0.74 2838 3837.88 3000 1:1 3000 162
153000 1 0.79 153000 0.79 3015 3015.24 3000 1:1 3000 -15
156000 1 0.79 156000 0.80 3074 3074.36 3000 1:1 3000 -74
159000 2 1.59 318000 1.63 6267 3133.49 3000 1:1 6000 -267
162000 1 0.79 162000 0.83 3193 3192.61 3000 1:1 3000 -193
168000 1 0.79 168000 0.86 3311 3310.85 3000 1:1 3000 -311
171000 1 0.79 171000 0.88 3370 3369.98 3000 1:1 3000 -370
174000 1 0.79 174000 0.89 3429 3429.10 3000 1:1 3000 -429
180000 1 0.79 180000 0.92 3547 3547.34 3000 1:1 3000 -547
195000 1 0.79 195000 1.00 3843 3842.96 3000 1:1 3000 -843
201000 1 0.79 201000 1.03 3961 3961.20 3000 1:1 3000 -961
207000 1 0.79 207000 1.06 4070 4079.45 3000 1:1 3000 -1079
264000 1 0.79 264000 1.35 5203 5202.77 6000 1:1 6000 797
300000 4 3.17 1200000 6.16 23649 5912.24 6000 1:1 24000 351
312000 1 0.79 312000 1.60 6149 6148.73 6000 1:1 6000 -149
315000 1 0.79 315000 1.62 6208 6207.85 6000 1:1 6000 -208
399000 3 2.38 1197000 6.14 23590 7863.28 6000 1:1 18000 -5590
399000 3000 2:3 6000 6000
600000 1 0.79 600000 3.08 11824 11824.48 12000 1:1 12000 176
657000 1 0.79 657000 3.37 12948 12947.81 12000 1:1 12000 -948
768000 14 11.11 10752000 55.18 211895 15135.33 15000 1:1 210000 -1895
TOTAL 126 100.00 19485000 100.00 384000 3,84,000 Nil

The Board of Directors of the Company at its meeting held on January 9, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorised the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices are dispatched to the address of the Applicants as registered with the depositories on or before January 10, 2018. further, the instructions to Self Certified Syndicate Banks are processed on or prior to January 10,2018. 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 within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not detined herein shall have the respective meaning assigned to them in the Prospectus dated December 16,2017 ('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 me 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:

BIGSHARE SERVICES PRIVATE LIMITED
1 st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East Mumbai - 400 059, Maharashtra, India,
Tel. No.: +91 22 6263 8200 | Fax. No.: +91 22 6263 8299 | E-mail: ipo@bigshareonline.com
Investor Grievance Email: Investor@bigshareonline.com | Website: www.bigshareonline.com
SEBI Registration No.: INR000001385 | Contact Person: Vipin Gupta

Place: Chennai

Date: January 10,2018

For Rithwik Facility Management Services Limited
On behalf of the Board of Directors
Sd/-
Managing Director

Rithwik Facility IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Rithwik Facility IPO?

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

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

    Visit the Rithwik Facility IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Rithwik Facility IPO allotment process?

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








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App