Shaival Reality IPO Details

Issue Open Sep 15, 2015
Issue Close Sep 18, 2015
IPO Price ₹100
Face Value ₹10
IPO Size ₹5.28 Cr
Listing At NSE SME
IPO Lot Size 1200

SHAIVAL REALITY LIMITED
(CIN: U45201GJ1996PLC029311)

Our Cnmpany was incorporated as "Shaival Realily Private Limited" under the provisions of the Companies Act, 1956 vide certificate of incorporation dated April 10, 1996 bearing registration no. 029311, in Ahmedabad. Further, our Company was converted into a public limited company vide fresh Certificate of incorporation dated February 4, 2015 and consequently the name of our Company was changed to Shaival Reality Limited. The Corporate Identflicalion Numher of  Our Company is U45201GJ199BPLC029311. For detafe of change in registered office of our Company please refcr to chapter litled "Ou History and Certain other Corporate Matters"begining on page 118" of the Prospectus.

Registered Office: A/1, Maharaja Palace, Near Vijay Cross Road, Navrangpura, Ahmedabad -380009. Gujarat, India
Tel. No.: + 91 79 26407802; Fax No.: + 91 79 26400224: E-mail: info@shivalgroup.ooo ; Websile: www.shaivalgraup.ooo
Contact Person: Mr. Jagdish Nagindas Limbachiya, Chief Financial Officer.

PROMOTER OF THE COMPANY: MR. MAYURBHAI MUKUNDBHAI DESAI

PUBLIC ISSUE OF 5,28,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FULLY PAID OF SHAIVAL REALITY LIMITED ( "SHAIVAL" OR THE "COMPANY" OR THE "ISSUER ) FOR CASH AT A PRICE OF RS. 100/- PER EQUITY SHARE (THE "ISSUE PRICE") AT PREMIUM OF RS. 90/- PER EQUITY SHARE AGGREGATING RS. 528.00 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 26,400 EQUITY SHARES OF RS. 10/ - FULLY PAID EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 5,01,600 EQUITY SHARES OF RS.10.- EACH FULLY PAID IS HEREINAFTER REFERRED TO AS THE "NET ISSUE' THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.37% AND 26.00%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICOR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED " ISSUE PROCEDURE" BEGINING ON PAGE 220 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS l0/- EACH. THE ISSUE PRICE IS RS 100/-.
THE ISSUE PRICE IS 10.00 TIMES OF THE FACE VALUE,

ISSUE OPENED ON: SEPTEMBER 15, 2015
ISSUE CLOSED ON: SEPTEMBER 18, 2015

PROPOSED LISTING: THURSDAY OCTOBER 01, 2015

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI {ICDR) Regulations, 2009, as amended, the Company is not required to obtain an in-pninciple listing approval for the Shanes being offered in ihe issue. However, the Company has received an in-principle approval letter dated March 13,2015 from NSE for using its name in the offer document for listing of the shares on the NSE Emerge Platform. For the purpose of the Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to becommenced with effect from Thursday, October 01,2015*.

*Subject to receipt of listing and, trading approvals from the National Stock Exchange of India Limited.

All Applicants were allowed to participate 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 Self Certified Syndicate Banks (The "SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 78 applications for 663600 Equity Shares resulting in 1.26 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as Follows:
Details of the Applications Received (Before Technical Rejection & After Cheque Return):

CATEGORY NO. OF
APPLICATIONS
% NO. OF
EQUITY SHARES
% SUBSCRIPTION
(Times)
Market Maker 1 1.28 26,400 3.98 1.00
Retail Individual Investors 74 94.87 88,800 13.38 0.354
Other than Retail Individual Investors 3 3.85 5,48,400 82.64 1.328
TOTAL 78 100.00 6,63,600 100.00 1.26

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

(Technical rejection)

CATEGORY NO. OF
APPLICATIONS
NO. OF
EQUITY SHARES
Market Maker NIL NIL
Retail Individual Investors NIL NIL
Other than Retail Individual Investors NIL NIL
TOTAL NIL NIL

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

CATEGORY No. OF
APPLICATIONS
% ISSUE SIZE
(As Per Prospectus)
NO. OF VALID
SHARES APPLIED
SUBSCRIPTION
(Times)
Market Maker 1 1.28 26,400 26,400 1.00
Retail Individual Investors 74 94.87 2,50,800 88,800 0.354
Other than Retail Individual Investors 3 3.85 2,50,800 5,48,400 1.336
TOTAL 78 100.00 5,28,000 6,63,600 1.26

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on September 28,2015

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 100/- 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 26400 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. 100/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 0.354 Times. The total number of shares allotted in this category is 88800 Equity Shares to 74 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of
Shares
Applied for
(Category
wise)
No. of
Applications
received
% to
total
Total No.
of shares
applied in
each
category
% to
total
Proportionate
Shares
Available
Allocation
per Applicant
(before
rounding off)
Allocation
per Applicant
(after
rounding off)
Ratio of
allottees
to
applicants:
RATIO 1
Ratio of
allottees to applicants: RATIO 2
Number of successful applicant after rounding off) Total no. of Shares Allocated /allotted No. of Shares Surplus/ Deficit
1 1200 74 88800 100.00 250800 1200.00 1200 1 1 74 88800 -162000
Total 74 88800 100.00 250800 1200.00 1200 1 1 74 88800 -162000

C. Allocation to Other than Retail Individua1s Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors. at the issue price of Rs. 100/- per Equity share, was finalised in consulation with NSE. The category was subscribed 1.328 times. The Total number of shares allootted in this category is 412800 Equity Shares after spill over from retail category.
The Category-wise details of the Basis of Allotment are as under:

No. of
Shares
Applied for
(Category
wise)
No. of
Applications
received
% to
total
Total No.
of shares
applied in
each
category
% to
total
Proportionate
Shares
Available
Allocation
per Applicant
(before
rounding off)
Allocation
per Applicant
(after
rounding off)
Ratio of
allottees
to
applicants:
RATIO 1
Ratio of
allottees to applicants: RATIO 2
Number of successful applicant after rounding off) Total no. of Shares Allocated /allotted No. of Shares Surplus/ Deficit
99600 1 33.33 99600 18.16 74972 74972.43 74400 1 1 1 74400 -572
199200 1 33.33 199200 36.32 149945 149944.86 150000 1 1 1 150000 55
249600 1 33.33 249600 45.51 187883 187882.71 188400 1 1 1 188400 517
Total 3 100.00 548400 100.00 412800 3 412800 0

The Board of Directors of the Company at its meeting held on September 28,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designaied Stock Exchange viz. National stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants,
The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before September 29,2015. Further the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to September 30,2015. In case the same is not received within ten days, investors may contact Registrar at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validationof the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge Platform within twelve working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated August 31, 2015 ("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 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 ihe application had been lodged and payment details at the address or the Registrar given bolow:

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, SakiVihar Road, Sakinaka, Andhed East, Mumbai- 400072
Tel: + 91 22 40430200; Fax: + 91 22 28475207
Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Vipin Gupta; SEBI Registration No: INR000001385

Place: Ahmedabad
Date: September 28, 2015
For SHAIVAL REALITY LIMITED
On behalf of the Board of Directors
sd/-
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATlVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE SHAIVAL REALITY LIMITED

Shaival Reality IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Shaival Reality IPO?

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

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

    Visit the Shaival Reality IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Shaival Reality IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Shaival Reality 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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