SR Dye-Chem IPO Details

Issue Open Dec 12, 2018
Issue Close Dec 14, 2018
IPO Price ₹45
Face Value ₹10
IPO Size ₹7.29 Cr
Listing At BSE SME
IPO Lot Size 3000

Our Company was originally constituted as a Private Limited Company having CIN U24114RJ2005PTC021340 in the name and styles of "M/s. Shankar Lai Rampal Dye-Chem Private Limited" vide an Incorporation Certificate as on September 19, 2005. Subsequently, it was converted into a public limited company pursuant to special resolution passed at its Extra-ordinary General Meeting of our company held on April 23, 2018 and the name of our company was changed to "Shankar Lai Rampal Dye-Chem Limited" vide a fresh Certificate of Incorporation consequent upon conversion dated May 08, 2018 issued by Registrar of Companies, Jaipur. The Corporate Identification Number of Our Company is 1124114RJ2005PLC021340. For further details of Incorporation. Change of Name of our company, please refer to chapter titled 'General Information' and "Our History and Certain Other Corporate Matters" beginning on page 45 and page 101 of the Prospectus.

CIN: U24114RJ2005PTC021340; Registered Office: SG-2730, Suwana, Bhilwara-311001, Rajasthan, India, Tel No: 01482-220062, Contact Person: Ms. Aditi Babel, Company Secretary & Compliance Officer
Email ID: info@srdyechem.com, Website: www.srdyechem.com
Promoters of our company: 1) Mr. Rampal Inani, 2) Mr. Jagdish Chandra Inani, 3) Mr. Dinesh Chandra Inani, 4) Mr. Vinod Kumar Inani and 5) Mr. Susheel Kumar Inani
BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 16,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF M/s. SHANKAR LAL RAMPAL DYE-CHEM LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH PRICE OF RS. 45/- PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF  RS. 35/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 729.00 LAKHS ("THE ISSUE"), OF WHICH 81,000 EQUITY SHARES OF FACE VALUE OF  RS. 10/- EACH FOR CASH PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING TO RS. 36.45 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E., ISSUE OF 15,39,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH, FOR CASH PRICE OF RS. 45/- PER EQUITY SHARE. AGGREGATING TO RS. 692.55 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01% AND 25.66% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. 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 (ICDR) REGULATIONS, 2009, AS AMENDED

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS Rs. 45/- EACH. THE ISSUE PRICE IS 4.5 TIMES OF THE FACE VALUE.

ISSUE PROGRAMME: ISSUE OPENED ON DECEMBER 12, 2018 AND CLOSED ON DECEMBER 14, 2018, PROPOSED LISTING: DECEMBER 24, 2018*.

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE ("BSE"). Our Company has received in-principal approval letter dated 31st October, 2018 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced on or about 24th December. 2018*.

* Subject to receipt of listing and trading approvals from the BSE SME Platform.

SUBSCRIPTION DETAILS

The Issue received 2004000 shares for 226 applications and was subscribed to the extent of 1.237 times before technical rejection. After considering Technical Rejections cases, the Issue was subscribed 1.203 times. No applications were banked without bidding.

Detail of the Applications Received (Before Technical & Multiple Rejection):

Sr. No. Category Gross Less: Rejections Valid
No. of Applications Equity Shares No. of Applications Equity Shares No. of Applications Equity Shares
1 Reserved for Market Maker 1 81000 - - 1 81000
2 Non Retail Investors 25 1323000 1 48000 24 1275000
3 Retail Individual Investors 200 600000 2 6000 198 594000
  Total 226 2004000 3 54000 223 1950000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-BSE SME Platform on 19th December, 2018

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalised in consultation with BSE SME Platform. The category was subscribed by times. The total number of shares allotted in this category is 81000 Equity shares
Sr. No No. of Shares applied for (Category wise) Number 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) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 81000 1 100 81000 100 81000 81000 81000 1:1 1 100 81000 100 0.00
GRAND TOTAL 1 100 81000 100 81000 81000 81000   1 100 81000 100 0.00
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.45 per Equity Share, was finalized m consultation with BSE SME Platform. The category was subscribed by 0.77 times i.e.for 594000 Equity Shares. Total number of shares allotted m this category is 594000 Equity Shares to 198 successful applicants.
Sr. No No. of Shares applied for (Category wise) Number 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) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 3000 198 100 594000 100 771000 3893 94 3003 1:1 198 100 594000 100 -177000
GRAND TOTAL 198 100 594000 100 771000 3893.94 3000   198 100 594000 100 -177000
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE SME Platform The category was subscribed by 1.34 times i .e. for 1275000 shares. Total number of shares allotted in this category is 945000 Equity Shares to 24 successful applicants.

The category wise details of the Basis of Allotment are as under:

Sr. No No. of Shares applied for (Category wise) Number 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) Ration of allottees to applicants Number of successful applicants (after rounding) % to total Total No. of shares allocated/ alloted % to total Surplus /Deficit
1 6000 2 8.33 12000 0.94 8894.12 4447.06 3000 1:1 2 8.33 6000 0.63 -2894 12
                3000 1:2 1 4.17 3000 0.32 3000
2 9000 1 4.16 9000 0.71 6670.59 667059 6000 1:1 1 4.17 6000 063 -67059
3 12000 1 416 12000 094 8894.12 8894 12 9000 1:1 1 4.17 9000 095 105 88
4 21000 2 8.33 42000 3.29 31129.41 15564 71 15000 1:1 2 8.33 30000 3.17 -112941
5 24000 2 8.33 48000 3.76 35576.47 17788 24 18000 1:1 2 8.33 36000 3.81 423 53
6 42000 1 4.16 42000 329 31129.41 31129 41 30000 1:1 1 4.17 30000 3.17 -112941
7 45000 3 12.5 135000 10 59 100058.82 33352 94 33000 1:1 3 125 99000 1048 -1058 82
8 48000 2 833 96000 753 71152 94 35576 47 36000 1:1 2 8.33 72000 7.62 84706
9 66000 1 4.16 66000 518 48917.65 48917 65 48000 1:1 1 4.17 48000 5.08 -91765
10 69000 1 4.16 69000 5.41 51141.18 51141.18 51000 1:1 1 4.17 51000 5.4 -141.18
11 72000 1 416 72000 5 65 53364.71 53364 71 54000 1:1 1 417 54000 571 635 29
12 75000 1 416 75000 5 88 55588.24 55588 24 57000 1:1 1 4.17 57000 603 1411 76
13 78000 1 4.16 78000 612 57811.76 57811.76 57000 1:1 1 4.17 57000 6.03 -81176
14 93000 2 8.33 186000 14.59 137858.82 68929.41 69000 1:1 2 8.33 138000 14.6 141.18
15 96000 1 4.16 96000 753 71152 94 71152 94 72000 1:1 1 4.17 72000 7.62 847 06
16 108000 1 416 108000 847 80047.06 80047 06 81000 1:1 1 4.17 81000 857 952 94
17 129000 1 416 129000 1012 95611.76 95611 76 96000 1:1 1 4.17 96000 1016 388 24
GRAND TOTAL 24 100.00 1275000 100.00 945000       24 100.00 945000 100.00 0

The Board of Directors of the company at its meeting held on 19th December, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. BSE SME Platform and at a meeting held on 19th December, 2018 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated December 5, 2018 and as per the SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retails investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (4) of regulations 43, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The CAN-cum-Refund advices and attotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositones/as filled in the application form on or before 21st December, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to December 21st, 2018. In case the same is not received within 10 days, investors may contact at the address given below 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 BSE SME Platform within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 5, 2018 ("Prospectus")

INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Cameo Corporate Services Limited at www.cameomdia.com. All future correspondence in this regard may kmdty 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:

Cameo Corporate Services Limited
Subramaman Building, #1, Club House Road, Chennai - 600 002, India
Telephone: +9144-40020700, 28460390; Facsimile: +9144-28460129. Email: investor@cameoindia.com
Contact Person: Mr. R. D. Ramasamy, Director; Website: www.cameoindia.com
SEBI Registration Number: INR000003753
For SHANKAR LAL RAMPAL DYE-CHEM LIMITED
On behalf of the Board of Directors
Place : Kolkata Sd/-
Date : December 21, 2018 Managing Director

SR Dye-Chem IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in SR Dye-Chem IPO?

    Check the basis of allotment document above to know about how the shares are allocated in SR Dye-Chem 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 SR Dye-Chem IPO basis of allotment status?

    The SR Dye-Chem IPO basis of allotment (published above) tells you how shares are allocated to you in SR Dye-Chem IPO and category wise demand of IPO share.

    Visit the SR Dye-Chem IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is SR Dye-Chem IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in SR Dye-Chem 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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