Suncare Traders IPO Details

Issue Open Dec 15, 2015
Issue Close Dec 18, 2015
IPO Price ₹64
Face Value ₹10
IPO Size ₹24.22 Cr
Listing At BSE SME
IPO Lot Size 1600

SUNCARE TRADERS LIMITED

Our Company was incorporated as Suncare Traders. Private Limited on January 22,1997 under the Companies Act 1956, with the Registrar af Companies. Gujarat. Dadra and Nagar Haveli, bearing Registration Number - 04-31561 of 1996-97. Subscquently our Company was converted into public limited Company and name of our company was change to Suntare Traders Limited on April 11, 2000 vide fresh Certificate of Incorporation. For further details regarding the changes in registered office, please see the chapter titled 'History and Certain Corporate Matters' beginning on page 64 of this Prospectus. The Corporate Identification Numberof ourCompany is U51909GJ1997PLC031561.
Registered office: 7, Shree Shakti Estate, Behind Milan Complex, Sarkhaj- Sanand Cross Road, Sarkhej Ahmedabad Gujarat - 382210
Tel: 079-29096047, 29006511; Website: www..sctl.in
Company Secretary and Compliance Officer: Ms. Pooja Shah, E-Mail: bloombazar@yahoo.co.in
PROMOTER OF THE COMPANY: KARAN INTERIORS LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 37,84,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH OF SUNCARE TRADERS LIMITED ('STL' OR THE 'COMPANY' OR THE ISSUER ') FOR CASH AT A PRICE OF RS. 64 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 54 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS.2421,76 LACS ('THE ISSUE'), OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH WILL FOR CASH AT A PRICE OF RS.64 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 54 PER EQUITY SHARE AGGREGATING TO RS.122.88 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 35,92,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH AT A PRICE OF RS.64 PER EQUITY SHARE AGGREGATING TO RS.2298.88 LACS IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 67.44% AND 64.02%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In Temns of Prospectus dated December 10,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially 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 retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for.

Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on  proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS Rs 64/- EACH. THE ISSUE PRICE IS 6.4 TIMES OF THE FACE VALUE. ISSUE OPENED ON 15th DECEMBER, 2015 (Tuesday) AND CLOSED ON 18th DECEMBER, 2015(Friday).

The Equity Shares Offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 30th June, 2015 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited,

All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bark accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS.

The Issue has received 769 applications for 41,66,000 Equity Shares (Including Market Maker Application of 1,92,000 Equity Shares) resulting 1.10 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows
Detail of the valid Applications Received (Before Technical Rejection & withdrawal of Application):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
SUBSCRIPTION
Market Makers 1 192000 1.00
Other than Retail Individual investor's 48 2534000 1.41
Retail Individual Investor's 720 144000 0.80

TOTAL

769 4166000 1.10

The details of applications received and rejected by the Registrar on technical grounds are detailed below.

Reason for rejection No of
applications
No of
shares
Amount (Rs.)
Application for PAN mismatch 4 8000 512000.00
Beneficeiry invalid A/c status 1 2000 128000.00
Minor (Not through their Natural guardian) 2 4000 256000.00
TOTAL 7 14000 896000.00

Details of the valid Applications Received (After Technical rejections & Withdrawal of applications):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARE
SUBSCRIPTION
Market Makers 1 192000 1.00
Other than Retail Individual Investor's 48 2534000 1.41
Retail Individual Investor's 713 1426000 0.79
TOTAL 762 4152000 1.09

ALLOCATION: The Basis of Allotment was finalized in consuhationwith the Designated Stock Exchange - BSE Limited on 24th December, 2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 64/- per Equity Share, was finalised in consultation with category was subscribed by 1.00 tines The total number of sheres alloted in this category is 1,92,000 Equity shares in full out of reserved portion of 1,92,000 Equity Shares.

B. Allocation to retail individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 64/- per Equity Share, was finalized in consultation with BSE-The category was Subscribed by 0.79 times. Total number of Shares allotted in this category is 1426000.

No. of
Shares
(Applied for
Category
wise)
No.Of
Applications
received
% to
Total
Total No.
of
Equity
Shares
applied
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(Before
Rounding
Off)
Allocation
per
Applicant
(After
Rounding
Off)
Ratio of
Allottees
to the
Applicants
Total No.
of Equity
Shares
allotted
Surplus/
(Deficit)
2000 713 100 1426000 100 1796000 2518.93 2000 1:1 1426000 -370000
Total 713 100 1420000 100 1796000 2518.93 2000 1:1 1426000 -370000

C. Allocation to retail individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail I nvestors, at the issue price of Rs. 64/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.41 times. Total number of shares allotted in this category is 2166000 including unsubscribed portion of 370000 Equity Shares of Retail Individual investors. The category wise basis of allotment is as under:

No. of
Shares
(Applied for
Category
wise)
No.of
Applications
received
% to
Total
Total No.
of
Shares
applied
in each
Category
% Tf
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(Before
Rounding
Off)
Allocation
per
Applicant
(After
Rounding
Off)
Ratio of
Allottees
to the
Applicants
Total No.
of
Shares
allocated/
allotted
No. of
Shares
Surplus/
Defeat
6000 4 8.33 24000 0.95 20514 5128.65 6000 1:1 24000 3486
7000 15 31,25 120000 4.73 102573 6838.20 6000 1:1 90000 -12573
10000 1 2.08 10000 0.39 8548 8547.75 8000 1:1 8000 -548
20000 12 25.00 240000 9.47 205146 17095.50 10000 1:1 216000 10854
30000 2 4.18 60000 2.37 51286 25643.25 26000 1:1 52000 714
46000 1 2.08 46000 1.81 39320 39319.65 40000 1:1 40000 680
64000 1 2.08 64000 2.53 54705 54705.60 54000 1:1 54000 -705
78000 4 8.33 312000 12.31 266690 66672.45 66000 1:1 264000 -2690
124000 1 2.08 124000 4.89 105992 105992 11 106000 1:1 106000 8
156000 4 8.33 624000 24.63 533380 133344.91 134000 1:1 536000 2620
286000 1 2.08 286000 11.29 244466 244465.67 244000 1:1 244000 -466
312000 2 4.18 624090 24.63 533380 266689.82 266000 1:1 532000 -1380
TOTAL 48 100 2534000 100 2165000 2166000 0

The Board of Directors of the Company at its meeting held on 24th Decernber, 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares in the dematerialized form to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 28th December ,2015. Further, the instructions to Self Certified Syndicate Banks being processed on 28th December 2015. 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 SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 30th December, 2015 subject to receipt of lisling and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Satellite Corporate Services Pvt Ltd at www.satellitecorporate.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, senal 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:

SATELLITE CORPORATE SERVIC ESPVT LIMITED
B-302 Sony Apartment, Opp St Jude High School 90 Ft Road, Jarimari, Sakinaka, Mumbai-400072.
Tel No.: +91-22-28l520461/2; Fax No.: +91-22-28511809. CIN: U65990MH1994PTC077057
website: www.Satellitecorparate.com; E-mail ID: service@satellitecorporate.com ; sme.ipo@satellitecorporate.com
SEBI REGN NO: INR000003639: Contact person: Mr. Michael Monteiro.

Place : Ahmedabad
Date: 28th December, 2015
For SUNCARE TRADERS LIMITED
Sd/-
Mayur Shah-Managing Director
DIN: 02114144

THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SUNCARE TRADERS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Suncare Traders IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Suncare Traders IPO?

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

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

    Visit the Suncare Traders IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Suncare Traders IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Suncare Traders 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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