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S.P. APPARELS LIMITED Our Company was incorporated in Avinashi. Tamil Nadu as S.P. Apparels United, a public limited company under Part IX of the Companies Act. 1966, pursuant to a certificate of incorporation dated November 18 2005 issued by the Registrar of Companies. Tami Nadu located at Coimbatore. For further detaila. see the section "History and Certain Corporate Matters' on page 144 of the Prospectus. For information in relation to changes in our registered office, see the section History and Certain Corporate Matters" on page 144 of the Pnos\ectus. Registered Office and Corporate Office: 39-A Extension Street. Kaikattipudur Avinashi 641 654. Tirupur District. Tamil Nadu. India. Tel: +91 4296 304000. Fax: +91 4296 304280. Contact PersonL: Ms. K. Vinodhini. Company Secretary and Compliance Officer. E-mail: csoffice@s-p-apparels.com. Website: http://www.spapparels.com. Corporate Identity Number: U18101TZ2005PLC012295. OUR PROMOTERS: MR. P. SUNDARARAJAN AND MRS. S. LATHA The Equity Shares are proposed to be listed on the BSE Limited
{"BSE") and the National Stock Exchange of India Limited ("NSE")
and the trading is expected to commence on or about August 12,2016. INITIAL PUBLIC OFFERING OF 8.922,388* EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE "EQUITY SHARES") OF S.P. APPARELS LIMITED ("COMPANY") FOR CASH AT A PRICE OF RS 268 PER EQUITY SHARE (INCLUDING A PREMIUM OF� RS 258 PER EQUITY SHARE) (THE 'OFFER PRICE") AGGREGATING RS 2,391,20 MILLION CONSISTING OF A FRESH ISSUE OF 8,022,388 EQUITY SHARES BY OUR COMPANY AGGREGATING UP TO RS 2,150 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 900,000 EQUITY SHARES AGGREGATING RS 241.20 MILLION BY NEW YORK LIFE INVESTMENT MANAGEMENT INDIA FUND (FVCI) II LLC {THE "SELLING SHAREHOLDER" AND SUCH OFFER OF EQUITY SHARES BY THE SELLING SHAREHOLDER, THE "OFFER FOR SALE"). THE FRESH ISSUE AND THE OFFER FOR SALE ARE TOGETHER REFERRED TO AS THE 'OFFER'. THE OFFER WILL CONSTITUTE 35.45% OF THE FULLY-DILUTED POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.THE FACE VALUE OF THE EQUITYSHARES IS RS 10 EACH. *As per the Basis oF Allotment finalized in consultation with the Designated Stock Exchange, Being the BSE Limited.
BID/ OFFER PERIOD: OPENED ON: TUESDAY, AUGUST 2,
2016; CLOSED ON: THURSDAY, AUGUST 4, 2016 In terms of Rule 19 (2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957 as
amended (the 'SCRR'), this is an Offer for at least 25% of the post-Offer
capital. The Offer was mads through the 100% Book Building Process in compliance with
Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2009. as amended (the "SEBI ICDR
Regulations'), wherein not more than 50% of the Offer was allocated on a
proportionate basis to Qualified Institutional Buyers ("QIBs")
(the QIB Category") and that our Company and the Selling
Shareholder. in consultation with the BRLMs. have allocated up to 60% of the QIB Category
to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations
(the 'Anchor Investor Portion'), of which one-third was reserved for
domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at
or above the Anchor Investor Allocation Price. Further, 5% of the QIB Category (excluding
the Anchor Investor Portion) was available for allocation on a proportionate basis only to
Mutual Funds, and the remainder of the QlB Category was. available for allocation on a
proportionate basis. to all QIBs (Other than Anchor Investor), including Mutual Funds,
subject to valid Bids being received at or above the Offer Price. Further. not less than
15% of the Ofler was available for allocation on a proportionate basis to
Non-lnstitutional Investors and not less :han 35% of the Offer was available for
allocation to Retail Individual Investors in accordance wih the SEBI ICDR Regulations,
subject to valid Bids being received at or above the Offer Price. All Bidders, other than
Anchor Invasions, were required to mandatorily utilise the Application Supported by
Blocked Amount ("ASBA") process providing details of their
respective bank accounts which were blocked by the Self Certified Syndicate Banks ("SCSBs').
to participate in the Offer. Anchor Invastors were not permitted to participate in the
Offer through the ASBA process. For details. see the section "Offer Procedure"
on page 363 of the Prospectus.
For our Company, the Equity Shares, outstanding after the Offer are
25.167.600.
The Basis Allotment was Finalized in consultation with the Designated
Stock Exchange, being the BSE on August 9,2016. The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off
Price or at the Offer Price of� Rs 268 per Equity Share, was finalized in
consultation with the BSE This category has been subscribed to the extent of 1.8377 times
Since the number of shares bid under the Retail category were more than the Equity Shares
reserved under the Retail Portion, the Retail Individual Bidders (in that category) who
were allotted minimum Bid Lot have been determined on the basis of draw of lots. The total
number of Equiiy Shares Allotted in Retail Portion is 3,122,836 Equity Shares to 56, 778
successful Retail Individual Bidder.
B. Allotment to Non-Institutional Bidders (After Technical Rejections) The Basis of Allotment to the Non-lnstitutional Bidders, who have bid at the Offer
Price of� Rs 268 per Equity Share or above, was finalized in consultation with the
BSE. The Non-Institutional Portion has been subscribed to the extent of 5.1850 times. The
total number of Equity Shares Allotted in this category is 1,338,358 Equitv Shares to 90
successful Non-Institutional Bidder. The category-wise delails of the Basis of
C, Allotment to QIBs excluding Anchor Investors Allotment to QIBs. who have Bid at the Offer Price of Rs 268 per Equity Share or above, has. been done on a proportionate basis-In consultation with the BSE. This category has been subscribed to the extent of 24003 times of QIB Portion. As per the SEBI Regulations. Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e. 89.226 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 1,695,283 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 1.784,509 Equity Shares, which were allotted to 6 successful QIB Bidders, The category-wise details of the Basis of Allotment are as under:
D, Allotment to Anchor Investors The Company and the Selling: Shareholder, in consultation with the BRLMs, have allocated 2.676.685 Equity Shares to 6 Anchor Investors (applied through 7 Applications) at the Anchor Investor Offer Price Rs 268 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion.
The Allotment Committee of our Company at its meeting held on August 10,2016 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice and/ or notices will be dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. Further, the instructions to the Sell Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Aocounit have been issued on August 10,2016. The Equity Shares Allotted to the successful Allottees have been uploaded on August 10, 2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has received listing and trading approval from BSE and NSE and the trading will commence on or about August 12.2016. All capitalized terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus. INVESTORS PLEASE NOTE The details of the allotment made will be hosted on the website of the Registrar to the Offer, LinkIntime India Private Limited at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below: Link Intime India Private Limited
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The S P Apparels IPO basis of allotment (published above) tells you how shares are allocated to you in S P Apparels IPO and category wise demand of IPO share.
Visit the S P Apparels IPO allotment status page to check the number of shares allocated to your application.
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