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February 7, 2018 - February 12, 2018

Tasty Dairy Specialities IPO Basis of Allotment

TASTY DAIRY SPECIALITIES LIMITED

Our Company was originally incorporated as Tasty Dairy Specialities Private Limited on July 30, 1992 with the Registrar of Companies, Kanpur as a Private Limited company under the provisions of the Companies Act, 1956. Subsequently our Company was converted into Public Limited Company and the name of our Company was changed to Tasty Dairy Specialities Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Kanpur on November 25, 2004. For further details of our Company, please refer 'General Information' and 'History and Certain Other Corporate Matter' beginning on page no 39 and 104 respectively of the Prospectus.

Registered Office: D-3, UPSIDC Industrial Area, Jainpur, Kanpur Dehat-209 311, Uttar Pradesh | Administrative Office: G-6, 12/483, Ratandham McRobert Ganj, Kanpur-208 001, Uttar Prdesh
Tel. No.: + 91 512 7107777 | Telefak No.: +91 512 1551643 | Email: info@tastydairy.com | Website: www.tastydairy.com | Contact Person: Ms. Nishi, Company Secretary and Compliance Officer | Corporate Identification Number: U15202UP1992PLC014593

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 54,30,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP OF 'TDSL' OR 'THE COMPANY' OR 'THE ISSUER' FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) AGGREGATING RS. 2443.50 LAKHS (THE 'ISSUE') BY OUR COMPANY OF WHICH 2,76,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP 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 51,54,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.58% AND 25.23% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.

THE ISSUE PRICE IS RS. 45. THF ISSUE PRICE IS 4.5 TIMES THE FACE VALUE.

ISSUE OPENED ON WEDNESDAY, FEBRUARY 07, 2018 AND CLOSED ON MONDAY, FEBRUARY 12, 2018.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd. ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received in-principle approval letter dated January 17, 2018 from BSE for using its name in the offer document for listing of its shares on SME Platform of BSE.

For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited. The trading is proposed to commence on or before Wednesday, February 21, 2018, subject to receipt of listing and trading approvals from BSE Limited.

All Applicants participated 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 34,524 applications for 50,07,39,000 Equity Shares resulting in 92.22 times. Subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:

Details of the Applications Received (Before Technical Rejection):

Category No. of Applications % No. of Equity Shares % Subscription (Times)
Market Maker 1 0.00 276000 0.05 1
Retail Individual Investors 34207 99.08 102621000 20.49 39.82
Other than Retail Individual Investors 316 0.91 397842000 79.45 154.38
TOTAL 34524 100.00 500739000 100.00 92.22

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

Category No. of Applications No. of Equity Shares
Market Maker - -
Retail Individual investors 461 1383000
Other than Retail individual Investors 3 240000
TOTAL 464 1623000

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

Category No. of Applications % Issue Size
(as per Prospectus)
Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
Subscription
(Times)
Market Maker 1 0.00 276000 276000 276000 1
Retail Individual Investors 33746 99.08 2577000 2577000 101238000 39.29
Other than Retail Individual investors 313 0.92 2577000 2577000 397602000 154.29
TOTAL 34060 100.00 5430000 5430000 499116000 91.92

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on February 16, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 2,76,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retails Individual Investors, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 39.29 times. The total number of shares allotted in this category is 25,77,000 Equity Shares to 859 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
the Applicants
Number of
successful
applicant
(after
rounding off)
Total no.
of Shares
Allocated/
attotted
No. of
Shares
Surplus/
Deficit
3000 33746 100.00 101238000 100.00 2577000 76.36 3000 859:33746 859 2577000 0
TOTAL 33746 100.00 101238000 100.00 2577000 76.36 3000 859:33746 859 2577000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):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. The category was subscribed by 154.29 times. The total number of shares allotted in this category is 25,77,000 Equity Shares to 122 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
the Applicants
Number of
successful
applicant
(after
rounding off)
Total no.
of Shares
Allocated/
attotted
No. of
Shares
Surplus/
Deficit
6000 63 20.13 378000 0.10 2450 38.89 3000 1.63 1 3000 550
9000 27 8.63 243000 0.06 1575 58.33 3000 1:27 1 3000 1425
12000 19 6.07 228000 0.06 1478 77.78 3000 1:19 1 3000 1522
15000 8 2.56 120000 0.03 778 97.22 3000 0:0 0 0 -778
18000 8 2.56 144000 0.04 933 116.66 3000 0:0 0 0 -933
21000 5 1.60 105000 0.03 681 136.11 3000 0:0 0 0 -681
24000 3 0.96 72000 0.02 467 155.55 3000 0:0 0 0 -467
27000 7 2.24 189000 0.05 1225 175.00 3000 0:0 0 0 -1225
30000 13 4.15 390000 0.10 2528 194.44 3000 1:13 1 3000 472
33000 1 0.32 33000 0.01 214 213.88 3000 0:0 0 0 -214
36000 2 0.64 72000 0.02 467 233.33 3000 0:0 0 0 -467
39000 1 0.32 39000 0.01 253 252.77 3000 0:0 0 0 -253
42000 2 0.64 84000 0.02 544 272.22 3000 0:0 0 0 -544
45000 5 1.60 225000 0.06 1458 291.66 3000 1:5 1 3000 1542
48000 2 0.64 96000 0.02 622 311.11 3000 0:0 0 0 -622
54000 3 0.96 162000 0.04 1050 349.99 3000 0:0 0 0 -1050
57000 2 0.64 114000 0.03 739 369.44 3000 0:0 0 0 -739
60000 3 0.96 180000 0.05 1167 388.88 3000 0:0 0 0 -1167
66000 2 0.64 132000 0.03 856 427.77 ,3000 0:0 0 0 -856
87000 1 0.32 87000 0.02 564 563.88 3000 0:0 0 0 -564
90000 1 0.32 90000 0.02 583 583.32 3000 0:0 0 0 -583
93000 1 0.32 93000 0.02 603 602.77 3000 0:0 0 0 -603
99000 1 0.32 99000 0.02 642 641.65 3000 0:0 0 0 -642
102000 2 0.64 204000 0.05 1322 661.10 3000 1:2 1 3000 1678
105000 2 0.64 210000 0.05 1361 680.54 3000 1:2 1 3000 1639
108000 1 0.32 108000 0.03 700 699.99 3000 0:0 0 0 -700
111000 2 0.64 222000 0.06 1439 719.43 3000 1:2 1 3000 1561
114000 1 0.32 114000 0.03 739 738.87 3000 0:0 0 0 -739
117000 1 0.32 117000 0.03 758 758.32 3000 0:0 0 0 -758
123000 1 0.32 123000 0.03 797 797.21 3000 0:0 0 0 -797
126000 1 0.32 126000 0.03 817 816.65 3000 0:0 0 0 -817
132000 2 0.64 264000 0.07 1711 855.54 3000 1:2 1 3000 1289
135000 1 0.32 135000 0.03 875 874.98 3000 0:0 0 0 -875
147000 1 0.32 147000 0.04 953 952.76 3000 0:0 0 0 -953
150000 1 0.32 150000 0.04 972 972.20 3000 0:0 0 0 -972
153000 1 0.32 153000 0.04 992 991.65 3000 0:0 0 0 -992
162000 1 0.32 162000 0.04 1050 1049.98 3000 0:0 0 0 -1050
192000 1 0.32 192000 0.05 1244 1244.42 3000 0:0 0 0 -1244
195000 1 0.32 195000 0.05 1264 1263.86 3000 1:1 1 3000 1736
222000 1 0.32 222000 0.06 1439 1438.86 3000 1:1 1 3000 1561
273000 1 0.32 273000 0.07 1769 1769.41 3000 1:1 1 3000 1231
297000 1 0.32 297000 0.07 1925 1924.96 3000 1:1 1 3000 1075
300000 2 0.64 600000 0.15 3889 1944.41 3000 1:2 1 3000 -889
360000 1 0.32 360000 0.09 2333 2333.29 3000 1:1 1 3000 667
363000 2 0.64 726000 0.18 4705 2352.73 3000 1:1 2 6000 1295
366000 1 0.32 366000 0.09 2372 2372.18 3000 1:1 1 3000 628
369000 2 0.64 738000 0.19 4783 2391.62 3000 1:1 2 6000 1217
372000 1 0.32 372000 0.09 2411 2411.06 3000 1:1 1 3000 589
375000 2 0.64 750000 0.19 4861 2430.51 3000 1:1 2 6000 1139
378000 1 0.32 378000 0.10 2450 2449.95 3000 1:1 1 3000 550
444000 4 1.28 1776000 0.45 11511 2877.72 3000 1:1 4 12000 489
447000 1 0.32 447000 0.11 2897 2897.17 3000 1:1 1 3000 103
501000 1 0.32 501000 0.13 3247 3247.16 3000 1:1 1 3000 -247
600000 1 0.32 600000 0.15 3889 3888.81 3000 1:1 1 3000 -889
657000 1 0.32 657000 0.17 4258 4258.25 3000 1:1 1 3000 -1258
666000 1 0.32 666000 0.17 4317 4316.58 3000 1:1 1 3000 -1317
675000 1 0.32 675000 0.17 4375 4374.92 3000 1:1 1 3000 -1375
702000 1 0.32 702000 0.18 4550 4549.91 6000 1:1 1 6000 1450
849000 1 0.32 849000 0.21 5503 5502.67 6000 1:1 1 6000 497
864000 1 0.32 864000 0.22 5600 5599.89 6000 1:1 1 6000 400
900000 1 0.32 900000 0.23 5833 5833.22 6000 1:1 1 6000 167
1110000 2 0.64 2220000 0.56 14389 7194.30 6000 1:1 2 12000 -2389
1110000 3000 1:2 3000 3000
1152000 1 0.32 1152000 0.29 7467 7466.52 6000 1:1 1 6000 -1467
1323000 1 0.32 1323000 0.33 8575 8574.83 9000 1:1 1 9000 425
1350000 1 0.32 1350000 0.34 8750 8749.83 9000 1:1 1 9000 250
1377000 1 0.32 1377000 0.35 8925 8924.83 9000 1:1 1 9000 75
1443000 1 0.32 1443000 0.36 9353 9352.60 9000 1:1 1 9000 -353
1476000 1 0.32 1476000 0.37 9566 9566.48 9000 1:1 1 9000 -566
1554000 2 0.64 3108000 0.78 20144 10072.03 9000 1:1 2 18000 -2144
1554000 3000 1:2 3000 3000
1665000 1 0.32 1665000 0.42 10791 10791.46 12000 1:1 1 12000 1209
1776000 1 0.32 1776000 0.45 11511 11510.89 12000 1:1 1 12000 489
2442000 1 0.32 2442000 0.61 15827 15827.47 15000 1:1 1 15000 -827
3531000 1 0.32 3531000 0.89 22886 22885.67 24000 1:1 1 24000 1114
4443000 5 1.60 22215000 5.59 143983 28796.66 27000 1:1 5 135000 -8983
4443000 3000 3:5 9000 9000
4446000 3 0.96 13338000 3.35 86448 28816.11 27000 1:1 3 81000 -5448
4446000 3000 2:3 6000 6000
5136000 1 0.32 5136000 1.29 33288 33288.24 33000 1:1 1 33000 -288
5139000 1 0.32 5139000 1.29 33308 33307.69 33000 1:1 1 33000 -308
5151000 15 4.79 77265000 19.43 500782 33385.46 33000 1:1 15 495000 -5782
5151000 3000 2:15 6000 6000
5154000 45 14.38 231930000 58.33 1503219 33404.91 33000 1:1 45 1485000 -18219
5154000 3000 6:45 18000 18000
TOTAL 313 100.00 397602000 100.00 2577000 122 2577000 0

The Board of Directors of the Company at its meeting held on February 17, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the Corporate action for the transfer of the Equity Shares to various successful applicants.

the CAN and allotment advice and / or notices will be dispatched to the address of the Applicants as registered with the depositories on or before February 20, 2018. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount are being processed on or prior to February 19, 2018. In case the same is not received within four working 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 validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on BSE SME Platform within six Wirking 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 January 24, 2018 ('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 the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai- 400059.
Tel: +91 22- 6263 8200 | Fax: +91 22-6263 8299 | Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com | Website: www.bigshareonline.com
Contact Parton: Mr. Ashok S Shetty | SEBI Registration No: INR000001385

Place: Kanpur
Date: February 17, 2018

 

For Tasty Dairy Specialities Limited
On behalf of Board of Directors
Sd/-
Chairman and Whole Time Directo
r

Tasty Dairy Specialities IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Tasty Dairy Specialities IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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

Visit the Tasty Dairy Specialities IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Tasty Dairy Specialities IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).