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 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. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND 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*. 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:
The details of applications rejected by the Reqistrar on technical grounds/ withdrawal are detailed below: Technical rejection / Withdrawal
After eliminating Technically Rejected applications, the following table gives the deteils of Category wise net valid applications: After technical rejections
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - BSE on January 8, 2018.
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 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. 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
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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.
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