SecUR Credentials IPO Details

Issue Open Nov 1, 2017
Issue Close Nov 3, 2017
IPO Price ₹205
Face Value ₹10
IPO Size ₹30.07 Cr
Listing At NSE SME
IPO Lot Size

SecUR Credentials Limited
Corporate Identification Number: U74110MH2001PLC133050

Our Company was originally incorporated as a private limited company under the Companies Act. 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies: Maharashtra, Mumbai dated August 14, 2001 with the name 'Axis Resources Private Limited'. Subsequently the name Of our Company was changed to 'SecUR Credentials Private Limited' and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra. Mumbai on July 18, 2016. Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on july 19,2017 and consequently, the name of our Company was changed to 'SecUR Credentials Limited' and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of  Companies , Maharashtra, Mumbai on july 27, 2017. For further details of our Company please refer "General Information" and "History and Certain Other Corporate Matters' on pages 43 and 93. respectively

Registered Office: A- 303. Classique Centre, Off Mahakali Caves Road, Andheri (East), Mumbai - 400 093. Maharashtra, India.
Tel: +91 22 6173 7788 | Fax: +91 22 4027 7878 | Website: www.secur.co.in | E-mail: complianceofficer@secur.co.in
Unit nos. 39,46 and 47, Nanghanshyam Industrial Estate, Off, Mahakali Caves Road. Andheri East. Mumbai - 400 093, Maharashtra. India.

PUBLIC ISSUE OF 14,67,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF SECUR CREDENTIALS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 205.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 195.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 3,007.35 LAKHS ("THE ISSUE"), OF THE ISSUE. 75,000 EQUITY SHARES AGGREGATING TO RS 153.75 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 13,92,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 205.00 PER EQUITY SHARE AGGREGATING TO RS 2,853.60 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.01% AND 28.48%. 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 DF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS'"), OUT OF THE NET ISSUE OF 1392,000 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 INVETOFS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TD 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 205 IS 20.50 TIMES OF THE FACE VALUE
ISSUE OPENED ON NOVEMBER 1, 2017 AND CLOSED ON NOVEMBER 3, 2017

The Equity Shares offered through this Prospectus are proposed to be listed on the NSE Emerge Platform. 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 October 13, 2017 from NSE for using its name in this Prospectus for listing of our Equity Shares on the NSE Emerge Plaflorm. For the purpose of this Issue, National Stock Exchange of India Limited (NSE) shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect

Process by providing the details of their respective bank

SUBSCRIPTION DETAILS

The Issue has received 6652 applications for 52,68,600 Equity Shares, resulting in 3.59 times subscription (including reserved portion of Market Maker). The details of

Category No. of Applications % No. of Equity Shares % Subscription
1 0.02% 75000 1.42% 1.00
6545 98.39% 3927000 74.54% 5.64
106 1.59% 1266600 24.04% 1.82
6652 100.00% 5268600 100.00% 3.59

The details of application rejected by the Registrar on Technical grounds / withdrawal are detailed below: Technical rejection / withdrawal

Category No. of Applications No. of Equity Shores
Nil
37200
1200
38400

After eliminating Technically Rejected applications, the following table gives the details 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
1 0.02% 75000 1.43% 1 75000
6483 98.39% 3889800 74.37% 3.76 1035000
105 1.59% 1265400 24.19% 3.54 357000
6589 100.00% 5230200 100.00% 3.57 1467000

* Retail individual investor has subscribe to the extend 279.43% of the net issue. Hence they were offered 74.35% of net issue of 13,92,000 shares i.e. 10,35,000

The Basis of Allotment to the Market Maker, at the issue price of Rs. 205/- per Equity Share, was. finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 75,000 Equity Shares

The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 205/- per Equity Share, was finalized In consultation with NSE. The category was subscribed 3.76 times. The total number of shares allotted in this category is 10,35,000

No. of Shares
Applied for (Category wise)
No. of Applications
Receives
% to
Total
Total No. of
Shares Applied
in each Category
% of Total Proportionate 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
575:2161 1035000 Nil
10,35,000 Nil

The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 205/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 3.54 times. The Total number of shares allotted in this category is 3,57,000 Equity Shares.

No. of Shares
Applied for (Category wise)
No. of Applications
Receives
% to
Total
Total No. of
Shares Applied
in each Category
% of Total Proportionate 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
21:37 12,600 -74
11:13 6,600 2
1:1 4,200 540
1:1 3,600 1478
1:1 2,400 -369
1:1 1,200 -15
1:1 8,400 1079
1:1 3,600 -553
1:1 1,800 -107
1:1 1,800 231
1:1 2,400 -199
1:1 2,400 139
1:1 4,800 617
1:1 3,000 -122
1:1 18,000 -1073
1:1 7,200 -90
1:1 5,400 186
1:1 14,400 -519
1:1 10,200 -44
1:1 12,000 -320
1:1 12,600 96
1:1 69,000 -444
1:1 14,400 -181
1:1 20,400 -87
1:1 27,600 -178
1:1 30,600 -131
1:1 56,400 138
357,000 0

The Board of Directors of the Company at its meeting held on November 8, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicanls.

The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on or before November 10,2017. Further, the instructions to Self Certified Syndicate Banks are being processed on or prior to November 10, 2017. 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 EMERGE Platform of NSE within six working days from the date of the closure of the Issue.

All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated October 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, SKYLINE FINANCIAL SERVICES PRIVATE 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:

Mumbai
November 9, 2017
For SecUR Credentials Limited
On behalf of the Board of Directors
Sd/-
Managing Director

SecUR Credentials IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in SecUR Credentials IPO?

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

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

    Visit the SecUR Credentials IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is SecUR Credentials IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in SecUR Credentials 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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