RPP Infra IPO Details

Issue Open Nov 18, 2010
Issue Close Nov 22, 2010
IPO Price ₹75
Face Value ₹10
IPO Size ₹48.75 Cr
Listing At BSE, NSE
IPO Lot Size 80

R.P.P. INFRA PROJECTS LTD.

Our Company was originally incorporated as R.P.P.Constructions (Private) Limited on May 4,1995 under the Companies Act, 1956. Subsequently the name of our Company was changed to R.P.P. Infra Projects Private Limited on November 27,2009. Our Company was subsequently converted to a public limited company pursuant to a Special Resolution passed at the Shareholders Meeting held on January 21,2010. Our Company was issued a Fresh Certificate of Incorporation by the Registrar of Companies, Coimbatore on March 8,2010.
Registered Office: P and C Tower, 140, Perundurai Main Road, Erode 638 011, India. For changes in the registered office, please see the section titled 'History and Certain Corporate matters' beginning on page 123 of the Prospectus. Telephone: + 91 424 225 9022 Facsimile: +91 424 225 3130
Contact Person: Ms. S. Saritha, Company Secretary and Compliance Officer;
Email: ipo@rppipl.com; Website: www.rppipl.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 65,00,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS. 75 PER EQUITY SHARE AGGREGATING TO RS. 4875 LAKHS, COMPRISING OF A FRESH ISSUE OF 61,00,000 EQUITY SHARES BY R.P.P. INFRA PROJECTS LIMITED AND AN OFFER FOR SALE OF 4,00,000 EQUITY SHARES BY THE PROMOTERS, ('THE SELLING SHAREHOLDERS'). THE FRESH ISSUE AND THE OFFER FOR SALE ARE JOINTLY REFERRED TO AS THE 'ISSUE'. THE ISSUE COMPRISES OF A RESERVATION OF 4,00,000 EQUITY SHARES FOR ELIGIBLE EMPLOYEES OF RS. 10 EACH (THE 'EMPLOYEE RESERVATION PORTION') AND A NET ISSUE TO THE PUBLIC OF 61,00,000 EQUITY SHARES OF RS.10 EACH (THE 'NET ISSUE'). THE ISSUE WILL CONSTITUTE 28.76% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY. THE NET ISSUE WILL CONSTITUTE 26.69% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY. THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH. THE ISSUE PRICE PER EQUITY SHARE IS RS. 75/- AND IT IS 7.5 TIMES THE FACE VALUE.

Promoters of .our Company: Mr. R Arul Sundaram and Ms. A. Nithya
This Issue was being made through the 100% Book Building Process wherein upto 50% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds and the remaining QIB portion shall be available for allocation on proportionate basis to all QIBs, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the issue Price. The Issue was opened for subscription on Thursday, November 18,2010 and closed on Monday, November 22,2010. The Issue has received 13789 applications for 16088640 Equity Shares resulting in 2.48 times subscription. The details of the Applications received in the Issue (before technical rejections) are as under:-

Category No. of Applications No. of Shares Subscription
Retail Individual Applicant 13677 9838560 2.4092
Non Institutional Applicant 30 5577120 3.1866
Qualified Institutional Applicant 4 500960 0.1582
Employees 78 172000 0.4300
Total 13789 16088640 2.48

Final Demand
A sample of the final demand at different bid prices is as under:

Bid Price per share (Rs.) No. of Shares % to Total Cumulative Total Cumulative % to total
68 13680 0.0709 19290720 100.0000
69 640 0.0033 19277040 99.9291
70 7680 0.0398 19276400 99.9258
71 3280 0.0170 19268720 99.8860
72 1920 0.0100 19265440 99.8690
73 3040 0.0158 19263520 99.8590
74 560 0.0029 19260480 99.8432
75 8078720 41.8788 19259920 99.8403
Cutoff 11181200 57.9615 11181200 57.9615
TOTAL 19290720 100.0000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ('BSE') on 30th November, 2010.

A. Allocation to Retail Individual Investors (Including ASBA Applications)(After Technical Rejections)
The Basis of Allocation to the Retail Investors, who have bid at cut off price or at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The category was oversubscribed by 2.36 times. After adjusting spillover from Employee Category and QIB Category to the extent of 1948688 Equity Shares, a total of 40,84,272 Equity Shares (including 584 excess shares due to rounding off) were allotted to 13278 applicants in this category. The category-wise details of the Basis of Allotment are as under:

Category Number of Applications received % to Total Total Shares applied In each category % to Total Number of shares allotted per allottee Ratio Number of Shares Allotted
80 4279 32.23 342320 3.55 80 39:92 145120
160 1682 12.67 269120 2.79 80 39:46 114080
240 763 5.75 183120 1.90 102 1:1 77826
320 534 4.02 170880 1.77 136 1:1 72624
400 466 3.51 186400 1.94 170 1:1 79220
480 191 1.44 91680 0.95 204 1:1 38964
560 91 0.69 50960 0.53 237 1:1 21567
640 467 3.52 298880 3.10 271 1:1 126557
720 101 0.76 72720 0.76 305 1:1 30805
800 160 1.21 128000 1.33 339 1:1 54240
880 26 0.20 22880 0.24 373 1:1 9698
960 49 0.37 47040 0.49 407 1:1 19943
1040 35 0.26 36400 0.38 441 1:1 15435
1120 21 0.16 23520 0.24 475 1:1 9975
1200 62 0.47 74400 0.77 509 1:1 31558
1280 2768 20.85 3543040 36.79 543 1:1 1503024
1360 38 0.29 51680 0.54 577 1:1 21926
1440 13 0.10 18720 0.19 611 1:1 7943
1520 1 0.01 1520 0.02 644 1:1 644
1600 10 0.08 16000 0.17 678 1:1 6780
1680 2 0.02 3360 0.03 712 1:1 1424
1760 2 0.02 3520 0.04 746 1:1 1492
1920 1 0.01 1920 0.02 814 1:1 814
2000 10 0.08 20000 0.21 848 1:1 8480
2160 1 0.01 2160 0.02 916 1:1 916
2240 1 0.01 2240 0.02 950 1:1 50
2400 4 0.03 9600 0.10 1018 1:1 4072
2480 1 0.01 2480 0.03 1052 1:1 1052
2560 7 0.05 17920 0.19 1085 1:1 7595
2640 1492 11.24 3938880 40.90 1119 1:1 1669548
Total 13278 100.00 9631360 100.00 4084272

B. Allocation to Non Institutional Investors (including ASBA Applications)(After Technical Rejections)
The Basis of Allocation to the Non-Institutional investors, who have bid at the Issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. This category was over subscribed by 2.96 times. After adjusting spillover from Employee Category and QIB Category to the extent of 835152 Equity Shares, a total of 1750152 Equity Shares were allotted to 27 applicants in this category. The category-wise details of the Basis of Allotment are as under:

Category Number of Applications received % to Total Total Shares applied in each category % to Total Number of shares allotted per allottee Ratio Number of Shares Allotted
4000 1 3.70 4000 - 0.08 1353 1:1 1353
5280 2 7.41 10560 0.20 1786 1:1 3572
12000 2 7.41 24000 0.46 4060 1:1 JS120
12640 3 11.11 37920 0.73 4276 1:1 12828
13280 1 3.70 13280 0.26 4493. 1:1 4493
26640 1 3.70 26640 0.51 9013 1:1 9013
33200 1 3.70 33200 0.64 11232 1:1 11232
66720 2 7.41 133440 2.58 22573 1:1 45146
100000 1 3.70 100000 1.93 33832 1:1 33832
133280 1 3.70 133280 2.58 45092 1:1 45092
133360 3 11.11 400080 7.73 45119 1:1 135357
200000 2 7.41 400000 7.73 67664 1:1 135328
266720 2 7.41 533440 10.31 90237 1:1 180474
340000 1 3.70 340000 6.57 115030 1:1 115030
666640 2 7.41 1333280 25.77 225539 1:1 451078
824960 2 7.41 1649920 31.89 279102 1:1 558204
Total 27 100.00 5173040 100.00 1750152

C. Allocation to QIBs (including ASBA Applications)
The Basis of Allocation to Qualified Institutional Bidders has been finalized on full and firm basis in consultation with BSE. As per the SEBI Regulations, Mutual Funds were to be initially allocated 5% of the quantum of Equity Shares available, i.e., 5% of 3167400 (Including spillover from Employee Category to the extent of 117400 equity shares) which comes to 158370 equity shares. However, there were no applications from Mutual Funds. The category was subscribed to the extent of 0.16 times and the total number of successful applications are 4. The unsubscribed portion of this category is spill over to Retail Category (1866508 Equity Shares) and Non Institutional Category (799932 Equity Shares) in the ratio of 70:30 respectively.

Category Flls Banks MFs VCs Others Total
No. of Equity Shares Allotted 300960 - - 200000 - 500960

D. Allocation to Employees (including ASBA Applications) (After Technical Rejections)
The Basis of Allocation to the Employee, who have bid at cut off or at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. This category was subscribed to the extent of 0.41 times. The total number of shares allotted in this category is 165200 Equity Shares to 64 applicants. The unsubscribed portion of this category is spill over to QIB Category (117400 Equity Shares), Retail Category (82180 Equity Shares) and Non Institutional Category (35220 Equity Shares) in the ratio of 50:35:15 respectively. The Category wise details of the Basis of Allotment are as under:

Category Number of Applications received % to Total Total Shares applied In each category % to Total Number of shares allotted per allottee Ratio Number of Shares Allotted
240 1 1.56 240 0.15 240 1:1 240
1280 1 1.56 1280 0.77 1280 1:1 1280
2640 62 96.88 163680 99.08 2640 1:1 163680
Total 64 100.00 165200 100.00 165200

The Board of Directors of the Company at its meeting held on November 30,2010 have taken on record the basis of allotment of the equity shares of the issue and have accordingly allotted equity shares to the various successful applicants.
The CAN-cum-Refund Orders and allotment advice and / or notices have been dispatched to the address of the Bidders, as registered with the depositories on or prior to December 02,2010. Further, the instructions to Self Certified Syndicate Banks have been dispatched/ mailed on or prior to December 02,2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories.

Commencement of Trading: 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 Bombay Stock Exchange Limited and National Stock Exchange of India Limited on December 06,2010.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Cameo Corporate Services Limited at www.cameoindia.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 Bid Cum Application Form, number of equity shares bid for, name of the member of the Syndicate, place where the bid was submitted and payment details at the address given below.

CAMEO CORPORATE SERVICES LIMITED

Subramanium Building # 1, Club House Road, Chennai 600 002, India. Telephone: +91 44 2846 0390,
Facsimile: +91 44 2846 0129 Email: rppipo@cameoindia.com, Website: www.cameoindia.com,
Contact Person: Mr. R.D. Ramaswamy, SEBI registration number: INR000003753

Place: Chennai
Date: December 02,2010

For R.P.P. Infra Projects Limited
on behalf of Board of Directors
Sd/-
Chairman & Managing Director

RPP Infra IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in RPP Infra IPO?

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

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

    Visit the RPP Infra IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is RPP Infra IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in RPP Infra 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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