TeamLease Services IPO Details

Issue Open Feb 2, 2016
Issue Close Feb 4, 2016
IPO Price ₹850
Face Value ₹10
IPO Size ₹423.68 Cr
Listing At BSE, NSE
IPO Lot Size 15

TEAMLEASE SERVICES LIMITED

Our Company was originally incorporated as a private limited company, under the Companies Act, 1956 on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra. India, under the name India Life Chakravarti Actuarial Services Private Limited in Mumbai, India, The name of our Company was changed to Team Lease Services Private Limited and a fresh certificate of incorporation consequent upon change of name was issued on January 24, 2002, Our Company was converted into a public limited company on May 15.2015 and the name of our Company was changed to Team Lease Services Limited and a fresh certificate of incorporation was issued on May 15,2015, Subsequently. The name of our Company was changed to TeamLease Services Limited and a fresh certifcate of incorporation was issued on July 24, 2015, For details of change in the name and Registered Office of our Compan was changed to Teamlease services limited and a fresh certificate of incorporation was issued on July 24,2015. For details of change in the name and registered office of our company please refer to "History and Certain Corporate Matters" on page 148 of the Prospectus-.

Registered Office: Office No 6, 3rd Floor, C Wing, Laxmi Towers. Bandra Kurla Complex, Bandra (East). Mumbai 400 051, Maharashtra, India: Tel: + 91 22 6641 9500. Fax: + 9122 2656 6548. Corporate Office 6th Floor, BMTC Commercial Complex 80 Feet Road. Koremangala, Bengaluru 560 095. Karnataka, India; Tel: + 91 80 3300 2345; Fax; +91 80 3324 3001 Contact Person and Compliance Officer: Mruthunjaya Murthy C., Company Secretary and Compliance Officer. Tel: +91 80 3324 3406; Fax: +91 80 3324 3001: E-mail: corporateaffairs@teamlease.com Website: www.teamlease.com Corporate Identity Number: U74140MH2OO0PLC124003.

The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE"} and the BSE Limited ("BSE"). The Company has received listing & trading approvals from NSE and BSE and trading in equity shares will commence on February 12,2016",

OUR PROMOTERS; MANISH MAHENDRA SABHARWAL, ASHOK KUMAR NEDURUMALLI, MOHITKARAN VIRENDRA GUPTA, HR OFFSHOR1NG VENTURES PTE LTD., MKS MANAGEMENT CONSULTANCY SERVICES LLP, NED CONSULTANTS LLP AND DHANA MANAGEMENT CONSULTANCY LLP,

PUBLIC ISSUE OF 4,984,438 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF TEAM LEASE SERVICES LIMITED ("COMPANY" OR "ISSUER') FOR CASH AT A PRICE OF RS 850 PER EQUITY SHARE {INCLUDING A SHARE PREMIUM OF RS 840 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO RS. 4.236.77 MILLION COMPRISING OF A FRESH ISSUE OF 1,764,705 EQUITY SHARES BY OUR COMPANY AGGREGATI NG TO RS 1,500 MILLION ('FRESH ISSUE") AND AN OFFER FOR SALE OF 275,977 EQUITY SHARES BY GAJA CAPITAL INDIA FUND-I ("GCIF"), 76,660 EQUITY SHARES BY GAJA ADVISORS PRIVATE LIMITED ("GAPL"), 1,180,569 EQUITY SHARES BY GPE (INDIA) LTD. (:GIL"), 1,533206 EQUITY SHARES BY INDIA ADVANTAGE FUND S3 I ("IAF") AND 153,321 EQUITY SHARES BY HR OFFSHORING VENTURES PTE LTD. ("'HROV"} (THE "SELLING SHAREHOLDERS") AGGREGATING TO RS 2736.77 MILLION (THE "OFFER FOR SALE" AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"), THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF 4,974,438 EQUITY SHARES (THE "NET OFFER") AND A RESERVATION OF 10,00 EQUITY SHARES AGGREGATING TO RS 8.50 MILLION FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) (THE "'EMPLOYEE RESERVATION PORTION"). THE NET OFFER CONSTITUTES 29.10% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL, THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.

Offer Price : Rs 850 per Equity Share of Face Value of each
The Offer Price is 85 times the Face Value
Anchor Investor Offer Price: Rs  850 per equity share

 

Risks to Investors:

(i) The 3 Merchant Bankers associated with the Offer have handled 11 public issues in the past three years, out of which 3 issues closed below the issue price on listing date.
(ii) There are no listed peers engaged in the Issuer's line of business.
(iii) The Price / Earnings ratio based on annualised consolidated diluted EPS for the six months period ended September 30,2015 for the Issuer at the upper end of the Price Band is as high as 59.36, as compared to the NIFTY 50 index Price / Earnings ratio of 20.01 (as on 22 January 2016)
(iv) As on date of the Red Herring Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. HR Offshoring Ventures Pte Ltd is Rs. 0.42, MKS Management Consultancy Services LLP is Rs. Nil, NED Consultants LLP is Rs. Nil, Dhana Management Consultancy LLP is Rs. Nil and by our Selling Shareholders viz. HR Offshoring Ventures Pte Ltd is Rs. 0.42, GPE India Limited is Rs. 199.33, Gaja Advisors Private Limited is Rs. 195.67, Gaja Capital India Fund -1 is Rs. Rs 199.10 and India Advantage Fund S3 1 is Rs. 293.50

BID/OFFER PERIOD*; OPENED ON; Tuesday, February 02, 2016;
CLOSED ON: Thursday, February 04,2016
*The Anchor Investor Bid/Offer Period was one Working Day prior to the Bid/Offer Opening Date i.e. Monday, February 1, 2016

In terms of Rule 19(2)(b)(i) of the SCRR, this Is a Net Offer for at least 25% of the post-Offer paid-up Equity Share capital of our Comparry. The Offer is being made through the Book Building Process, in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. as amended ("SEBIICDR Regulations'), wherein at least.75% of the net Offer shall be Allolted on a proportionate basis to Qualified Institutional Buyers ("QIBs" ), provided that our company and the Selling Shareholders have allocated upto 60% of the QlB Portion to Anchor Investors on a discretionary basis, 5% of the QlB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QlB Portion (excluding the Anchor Investor Portion) shall be avaiable for allocation on a proportionate basis to all QlB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Net Offer cannot be Allotted to Qibs, then the entire application money shall be refunded forthwith. Further not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance wrih the SEBICDR Regulations, subject to valid Bids being received at or above the Offer Price. For details in relation to allocation to Retail Individual Bidders, specific attention of the investors is invited to "Offer Procedure - Basis of Allotment" on page 430 of the Prospectus, All potential investors, other than Anchor Investors, participated in this Offer mandatority through the Application Supposed by Blocked Amount ("ASBA") process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks ("SCSBs"}. For details, please refer to 'Offer Procedure' on page 396 of the Prospectus.

The Offer received 3,06,608 applications for 193,312,845 Equity Shares (prior to technical rejections) resulting iri 38.75 times subscriplicn The details of the applications received in the Issue from various categories are as under: (before-technical rejections):

Category No. of Applications No.of
Equity Shares applied
No. of times subscribed Amount Shares Reserved
A Retail Individual Bidders 3,06,091 52,34,190 10 52 4,44,72,62,979.00 4,97,443
B. Non Institutional Bidders 283 14,22,58,445 190.65 1,20,91,62,07,750.00 7,46,165
C. Qualified Institutional Buyers (excluding Anchor Investors} 88 4,32,05,970 28.95 36,72,50,74,500.00 14,92,332
D. Employees 120 10,935 1.09 92,93,250.00 10,000
E. Anchor Investors 26 24,25,305 1.08 2,06,15,09,250.00 22,38,498
Total 3,06,608 19,31,32,845 38.75 1,64,16,13,47,729.00 49,84,438

Final Demand

A summary of the final demand as per the BSE and NSE as on the Bid/Offer Closing Date at ditferent Bid  prices is as under:

SI
No.
Bid Price
(In Rs.)
Bids
Quantity
(%) to
Total
Cumulative
Total
% Cumulative
Total
1 785 10.155 0.01 10,155 0.01
2 786 255 0.00 10,410 0.01
3 787 165 0.00 10,575 0.01
4 788 210 0.00 10,785 0.01
5 789 0 0.00 10,785 0.01
6 790 2,025 0.00 12,810 0.01
7 791 30 0.00 12,840 0.01
e 792 0 0.00 12,840 0.01
9 793 0 0.00 12,840 0.01
10 794 60 0.00 12,900 0.01
11 795 390 0.00 13,290 0.01
12 796 0 0.00 13,290 0.01
13 797 0 0.00 13,290 0.01
14 798 15 0.00 13,305 0.01
15 799 120 0.00 13,425 0.01
16 800 5,145 0.00 18,570 0.01
17 801 75 0.00 18,645 0.01
18 802 0 0.00 18,645 0.01
19 803 0 0.00 18,645 0.01
20 804 15 0.00 18,660 0.01
21 805 450 0.00 19,110 0.01
22 806 0 0.00 19,110 0.01
23 807 0 0.00 19,110 0.01
24 808 0 0.00 19,110 0.01
25 809 0 0.00 19,110 0.01
26 810 570 0.00 19,680 0.01
27 811 0 0.00 19,680 0.01
26 812 0 0.00 19,680 0.01
29 813 0 0.00 19,680 0.01
30 814 0 0.00 19,680 0.01
31 815 570 0.00 20,250 0.01
32 816 0 0.00 20,250 0.01
33 817 15 0.00 20,265 0.01
34 818 45 0.00 20,310 0.01
35 819 0 0.00 20.310 0.01
36 820 1,485 0.00 21,795 0.01
37 821 60 0.00 21.855 0.01
38 822 15 0.00 21.870 0.01
39 823 0 0.00 21,870 0.01
40 824 0 0.00 21,870 0.01
41 825 1,665 0.00 23,535 0.01
SI
No.
Bid Price
(In Rs.)
Bids
Quantity
(%) to
Total
Cumulative
Total
% Cumulative
Total
42 826 0 0.00 23,535 0.01
43 827 0 0.00 23,535 0.01
44 828 0 0.00 23,535 0.01
45 829 0 0.00 23,535 0.01
46 830 510 0.00 24,045 0.01
4? 831 15 0.00 24,060 0.01
48 832 0 0.00 24,060 0.01
49 833 0 0.00 24,060 0.01
50 834 15 0.00 24,075 0.01
51 835 120 0.00 24,195 0.01
52 836 0 0.00 24,195 0.01
53 837 0 0.00 24,195 0.01
54 838 60 0.00 24,255 0.01
55 839 0 0.00 24,255 0.01
56 840 615 0.00 24,870 0.01
57 841 0 0.00 24,870 0.01
56 842 15 0.00 24,885 0.01
59 843 0 0.00 24,8855 0.01
60 844 0 0.00 24,885 0.01
61 846 210 0.00 25,095 0.01
62 846 0 0.00 25,095 0.01
63 847 0 0.00 25,095 0.01
64 848 45 0.00 25,140 0.01
65 549 90 0.00 25,230 0.01
66 850 18,62,69,340 97.52 13,62,94,570 97.54
67 CUT OFF 47,06,220 2.46 19,10,00.790 100.00
TOTAL 19,10,00,790 100.00

The basis of allotment was finalised in consultation with the Designated Stock Exchange being NSE, on February 9,2016.

A. Allotment to Retail Individual Bidders (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 850 per Equity Share, was finalised in consultation with the NSE. This category has been subscribed to the extent of 10.34 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 4,97,475 Equity Shares to 33,165 successful applicants (including spillover of 32 Equity Shares from Employee Category). The category-wise details of the Basis of Allotment are as under.

Category No. of
Applications
Received
% of
Total
Total No. of
Equity
Shares Applied
% to
Total
No. of Equity
shares Allotted
per Applicant
Ratio Total No
Equity Shares
Allotted
15 2,91,116 96.62 43,66,740 84.93 15 47:427 4,80,645
30 4,435 1.47 1,33,050 2.59 15 11:100 7,320
45 1,318 0.44 59,310 1.15 15 11:100 2,175
60 1,126 0.37 67,560 1.31 15 11:100 1,860
75 375 0.12 28,125 0.55 15 11:100 615
90 340 0 11 30,600 0.60 15 11:100 555
105 445 0.15 46,725 0.91 15 11:100 735
120 440 0.15 52,800 1.03 15 11:100 720
135 71 0.02 9,585 0.19 15 8:71 120
150 200 0.07 30,000 0.58 15 11:100 330
165 52 0.02 8,580 0.17 15 6:52 90
130 79 0.03 14,220 0.28 15 9:79 135
195 28 0.01 5,460 0.11 15 3:28 45
210 62 0.02 13,020 0.25 15 7:62 105
225 1,226 0.41 2,75,850 5.37 15 11 :100 2,025
Total 3,01,313 100.00 51,41,625 104.00 4,97,475

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the offer price of Rs 850 per Equity Share, was finalised In consultation with the NSE- This category has been subscribed to the extent of 190.56 times. The total number of Equity Shares Allotted in this category is 7,46,223 Equity Shares to 239 successlul applicants (including spillover of 58 Equity Shares from Employee Category). The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received
% of
Total
Total No. of
Equity
Shares Applied
% to
Total
No. of Equity
shares Allotted
per Applicant
Ratio Total No
Equity Shares
Allotted
240 13 4.64 3,120 0.00 15 1:13 15
255 7 2.50 1,785 0.00 15 1:7 15
270 1 0.36 270 0.00 15 1:1 15
285 1 0.36 285 0.00 15 1:1 15
300 2 0 71 600 0.00 15 1:2 15
360 2 0.71 720 0.00 15 1:2 15
375 2 0.71 750 0.00 15 1:2 15
435 1 0.36 435 0.00 15 1:1 15
450 2 0.71 900 0.00 15 1:2 15
465 2 0.71 930 0.00 15 1:2 15
480 1 0.36 480 0.00 15 1:1 15
495 2 0.71 990 0.00 15 1:2 15
585 8 2.86 4,680 0.00 15 1:8 15
600 5 1.79 3.000 0.00 15 1:5 15
835 1 0.36 885 0.00 15 1:1 15
900 4 1.43 3,600 0.00 15 1:4 15
930 1 0.36 930 0.00 15 1:1 15
1005 1 0.36 1,005 0.00 15 1:1 15
1170 3 1 07 3,510 0.00 15 1:3 15
1200 1 0.36 1,200 0.00 15 1:1 15
1350 1 0.36 1,350 0.00 15 1:1 15
1770 1 0.36 1,770 0.00 15 1:1 15
1950 1 0.36 1,950 0.00 15 1:1 15
2115 1 0.36 2,115 0.00 15 1 i 15
2250 1 0.36 2,250 0.00 15 1 1 15
2340 3 1.07 7,020 0.00 15 2:3 30
2550 1 0.36 2,550 0.00 15 1:1 15
2925 1 0.36 2,925 0.00 15 1:1 15
3000 3 1.07 9,000 0.01 16 1:1 48
3285 1 0.36 3,285 0.00 17 1:1 17
3750 1 0.36 3,750 0.00 20 1:1 20
4200 1 0.36 4,200 0.00 22 1:1 22
4365 1 0.36 4,365 0.00 23 1:1 23
4380 1 0.36 4,380 0.00 23 1:1 23
5295 1 0.36 5,295 0.00 28 1:1 28
5610 1 0.36 5,610 0.00 29 1:1 29
5880 2 0.71 11,760 0.01 31 1:1 62
5895 1 0.36 5,895 0.00 31 1:1 31
6000 1 0.36 6,000 0.00 31 1:1 31
7020 1 0.36 7,020 0.00 37 1:1 37
7365 1 0.36 7,365 0.01 39 1:1 39
8475 1 0.36 8,475 0.01 44 1:1 44
9390 3 1.07 28,170 0.02 49 1:1 147
11700 1 0.36 11,700 0.01 61 1:1 61
11760 8 2.86 94,080 0.07 62 1:1 496
17755 2 0.71 23,550 0.02 62 1:1 124
12000 1 0.36 12,000 0.01 63 1:1 63
12720 1 0.36 12,720 0.01 67 1:1 67
17640 2 0.71 35,280 0.02 93 1:1 186
18810 1 0.36 18,810 0.01 99 1:1 99
20100 1 0.36 20,100 0.01 105 1:1 105
21000 1 0.36 21,000 0.01 110 1:1 110
23505 2 0.71 47,010 0.03 123 1:1 246
23520 2 0.71 47,040 0.03 123 1:1 246
23565 1 0.36 23,565 0.02 124 1:1 124
30000 1 0.36 30,000 0.02 157 1:1 157
35250 1 0.36 35,250 0.02 185 1:1 185
35280 4 1.43 141,120 0.10 185 1:1 740
36000 2 0.71 72,000 0.05 189 1:1 378
40005 1 0.36 40,005 0.03 210 1:1 210
41175 2 0.71 82,350 0.06 216 1:1 432
42300 1 0.36 42,300 0.03 222 1:1 222
47700 1 0.36 47,700 0.03 250 1:1 250
58815 5 2.86 4,70,520 0.33 309 1:1 2,472
58830 4 1.43 2,35,320 0.17 309 1:1 1,236
60990 1 0.36 60,990 0.04 320 1:1 320
109995 1 0.36 1,09,995 0.08 577 1:1 577
117645 9 3.21 10,58,805 0.74 617 1:1 5,553
117660 2 0.71 2,35,320 0.17 617 1:1 1.234
120990 4 1.43 4,83960 0.34 635 1:1 2,540
147045 1 0.36 1,47,045 0.10 772 1:1 772
152940 1 0.36 1,52,940 0.11 803 1:1 803
162300 1 0.36 1,62,300 0.11 852 1:1 852
176400 1 0.36 1.76,400 0.12 926 1:1 926
Category No. of
Applications
Received
% of
Total
Total No. of
Equity
Shares Applied
% to
Total
No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity
Shares Allotted
176460 6 2.14 10,58,760 0.74 926 1:1 5,556
176475 1 0.36 1.76,475 0.12 925 1:1 926
199995 1 0.36 1,99,995 0.14 1050 1:1 1,050
223515 1 0.36 2,23,515 0.16 1173 1:1 1,173
235290 3 1.07 7,05,870 0.50 1235 1:1 3,705
235305 1 0.36 2,35,305 0.17 1235 1:1 1,235
235350 1 0.36 2,35,350 0.17 1235 1:1 1,235
235995 1 0.36 2,35,995 0.17 1238 1:1 1,238
294030 2 0.71 5,88,060 0.41 1543 1:1 3,086
294105 4 1.43 11,76,420 0.83 1543 1:1 6,172
294120 1 0.36 2,94,120 0.21 1543 1:1 1,543
352950 1 0.36 3,52,950 0.25 1852 1:1 1,652
333070 1 0.36 3,83,070 0.27 2010 1:1 2,010
406600 1 0.36 4,08,600 0.29 2144 1:1 2,144
469995 1 0.36 4,69,995 0.33 2466 1:1 2,466
470560 1 0.36 4,70,580 0.33 2470 1:1 2,470
472500 1 0.36 4,72,500 0.33 2480 1:1 2,480
444550 2 0.71 9,77,100 0.69 2564 1:1 5,128
564705 4 1.43 22,58,820 1.59 2963 1:1 11,852
565225 7 2.50 41,17,575 2.90 3087 1:1 21,609
566300 2 0.71 11,76,600 0.83 3087 1:1 6,174
591000 1 0.36 5,91,000 0.42 3101 1:1 3,101
622995 1 0.36 6,22,995 0.44 3269 1:1 3,269
705000 1 0.36 7,05,000 0.50 3700 1:1 3,700
764700 1 0.36 7,64,700 0.54 4013 1:1 4,013
823515 1 0.36 8,23,515 0.58 4322 1:1 4,322
847050 1 0.36 8,47,050 0.60 4445 1:1 4,445
882345 4 1.43 35,29,380 2.48 4630 1:1 18,520
885000 2 0.71 17,70,000 1.24 4644 1:1 9,288
958500 1 0.36 9,58,500 0.67 5030 1:1 5,030
999000 1 0.36 9,99,000 0.70 5243 1:1 5,243
1005000 4 1.43 40,20,000 2.83 5274 1:1 21,096
1128000 1 0.36 11,28.000 0.79 5920 1:1 5,920
1174500 1 0.36 11,74,500 0.83 6164 1:1 6,164
1176000 8 2.86 94,08,000 6.62 6171 1:1 49,368
1176465 8 2.86 94,11,720 6.62 6174 1:1 49,392
1176480 2 0.71 23,52,960 1.65 6174 1:1 12,348
1185000 3 1.07 35,55.000 2.50 6219 1:1 18,657
1200000 1 0.36 12,00,000 0.84 6297 1:1 6,297
1282500 1 0.36 12,82,500 0.90 6730 1:1 6,730
1411755 1 0.36 14,11,755 0.99 7409 1:1 7,409
1470585 2 0.71 29,41,170 2.07 7717 1:1 15,434
1470600 2 0.71 29,41,200 2.07 7717 1:1 15,434
1764705 8 2.86 1,41,17,640 9.93 9261 1:1 74,088
1764750 1 0.36 17,64,750 1.24 9261 1:1 9,261
1776450 1 0.36 17,76,450 1.25 9322 1:1 9,322
1779990 1 0.36 17,79,990 1.25 9341 1:1 9,341
1882350 1 0.36 18,82,350 1.32 9878 1:1 9,878
2352930 1 0.36 23,52,530 1.65 12348 1:1 12,346
2647050 1 0.36 26,47,050 1.86 13888 1:1 13,666
2649990 7 2.50 1,85,49,930 13.05 13896 1:1 97,272
2705880 9 3.21 2,43,52,920 17.13 14191 1:1 1,27,719
TOTAL 280 100.00 14,21,97,360 100.00 7,46,223

C. Allotment to QlBs (excluding Anchor Investors)

Allotment to QIBs, who have bid at the offer price of rs. 850 per Equity Share, has been done On a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 28.95 times of Net QIB portion. As per the SEBI Regulations. Mutual Funds were Allotted 74,632 of the Equity Shares of Net QlB portion available (i.e. 1,492,627 Equity Shares) and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 1,417,995 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QlB category is 1,492,627 Equity Shares, which were allotted to 67 successful Applicant (including spillover of 295 Equity Shares from Employee Category). The categgry-wise details of the Basis of Allotment are as under:

Category Fls/Banks MFs ICs. Others AIF Flls Total
QlB 2,86,261 3,17,848 96,557 82,006 Nil 7,09,995 14,92,627

D. Allotment to Eligible Employees (After technical Rejections)

The Basts of Allotment to the Employees, who have bid at the cut-off Price or the offer Price RS. 850 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of  0.96 times. The total number of Equity Shares Allotted in this category is 9,615 Equity Shares to 76 successful applicants. Unsubscribed portion of 385 Equity Shares from Employee Category have been spilled over in the ratio of 75%, 15% end 10% to QIBs, Non Institutional Bidders, Retail Individual Bidders respectively. The category-wse details of the Basisof Aliment are as under

Category No. of
Applications
Received
% of
Total
Total No.of
Equity
Shanes Applied
% to
Total
No. of Equity
Shares
Allotted
per Applicant
Ratio Total No. of
Equity
Shares Allotted
15 17 22.37 255 2.65 15 1:1 255
30 9 11.84 270 2.61 30 1:1 270
45 2 2.63 90 0.94 45 1:1 90
60 6 7.89 360 3.74 60 1:1 360
75 1 1.32 75 0.78 75 1:1 75
90 1 1.32 90 0.94 90 1:1 90
105 1 1.32 105 1.09 105 1:1 105
120 2 2.63 240 2.50 120 1:1 240
150 1 1.32 150 1.56 150 1:1 150
165 2 2.63 330 3.43 165 1:1 330
225 34 44.74 7.650 79.56 225 1:1 7,650
TOTAL 76 100.00 9,615 100.00 9,615

E. Allotment to Anchor Investors

The Company and Selling Shareholders have allotted 2,238,498 Equty Shares to 15 Anchor Investors, in consultation with the BRLMs. In acoordence with the SEBI Reguiailons, this represents 60% of the QlB Portion.

Category Fls/Banks MFs ICs VCs AIF/FPI Flls Total
Anchor Nil 13,43,079 Nil Nil 2,32,017 6,63,402 22,38,498

The IPO Committee of our Company has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allottted the Equity Shares to various successful applicants.

The instructions to the Self Certified Syndicate Bank (SCSBs) have been issued on February 10,2016 for unblocking of funds. The Equity Shares allotted to the successful allottees have been uploaded on February 10,2016 for credit into the respective beneficiary accounts subject to validation of the account details with depositories concerned. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below.

Our Company has filed listing applications with NSE and BSE on February 10,2016 and has received listing and trading approvals from NSE and BSE and trading in equity shares will commence on February 12,2016.

INVESTORS. PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Karvy Computershare Priavate Limited at http://karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applican,. Serial number of the Bid-Cum-Applicalion form, number of Equity Shares bid for,  name of the Designated Intermediary, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032, Talangana, India.
Tel: +91 40 6716 2222: Fax: +91 40 2300 1153
Email: einward.ris@karvy.com ; Investor grievance email: teamlease.ipo@karvy.com
Website: http://karisma.karvy.com ; Contact Person; M Murali Krishna
SEBI Registration: INR000000221

Place: Mumbai
Date: February 11, 2016
For TEAMLEASE SERVICES LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

TeamLease Services IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in TeamLease Services IPO?

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

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

    Visit the TeamLease Services IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is TeamLease Services IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in TeamLease Services 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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