Thyrocare Technologies IPO Details

Issue Open Apr 27, 2016
Issue Close Apr 29, 2016
IPO Price ₹446
Face Value ₹10
IPO Size ₹479.21 Cr
Listing At BSE, NSE
IPO Lot Size 33

THYROCARE TECHNOLOGIES LIMITED

Our Company was incorporated as Thyrocare Technologies Limited on January 28,2000 at Mumbai and received certificate of commencement of business on March 7,2000. It was incorporated as a public limited company under the companies act , 1956. For Details see rhe Section entitled 'History and Certain Corporate Matters' on Page 151 of the prospectus dated May 3,2016 (the 'Prospectus'}.

Registered Office; D/37-1, TTC Industrial Area, MlDC Turbhe, Navi Mumbai 400 703;
Tel: (91 22) 2762 2762; Fax: {91 22) 2768 2409,  Contact Person: Ramjee Dorai,
Company Secretary and Compliance Officer; Email: ramjee.d@thyrocare.com ; Website: www.thyrocare.com ;
Corporate Identity Number: U85110MH2000PLC123882

Our Company has filed the prospectus dated May 3, 2016 with the registrar of the companies, Mumbai, Maharashtra and the Equity Shares are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India limited ('NSE') and the trading will commence on may 9, 2016.

PROMOTERS OF OUR COMPANY : DR. A. VELUMANI AND MR. A. SUNDARARAJU

PUBLIC OFFER OF 10,744,708 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE ''EQUITY SHARES') OF THYROCARE TECHNOLOGIES LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH, AT A PRICE OF RS 446 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 436 PER EQUITY SHARE) THROUGH AN OFFER FOR SALE BY THE SELLING SHAREHOLDERS (AS DEFINED IN THE SECTION ENTITLED 'DEFINITIONS AND ABBREVIATIONS' ON PAGE 1 OF THE PROSPECTUS) AGGREGATING TO RS 4,792.14 MILLION (THE 'OFFER'). THE OFFER CONSTITUTES 20.00% OF OUR POST-OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

OFFER PRICE: RS 446 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
ANCHOR INVESTOR OFFER PRICE: RS 446 PER EQUITY SHARE
THE OFFER PRICE IS 44.6 TIMES THE FACE VALUE

Risks to Investors:

(i) The three Merchant Bankers associated with the Offer, have handled 18 public issues in the past three years out of which 5 issues closed below the issue price on listing date.

(ii) The average cost of acquisition per Equity Share for Promoters viz. Dr. A velumani is Rs 61.98 and Mr. A. Sundararaju is Rs 12.83 and for Selling Shareholders viz. Agalia Private Limited is Rs 110.67, A Velumani HUF is Rs 56.35, A. Sundararaju HUF is Rs 9.30 and Anand Velumani is Rs. 2.14. The Offer Price at upper end of the price band is Rs. 446.

BID/ OFFER PERIOD: OPENED ON: WEDNESDAY, APRIL 27, 2016;
CLOSED ON FRIDAY, APRIL 29, 2016
ANCHOR INVE5TOR BID/ OFFER PERIOD : TUESDAY, APRIL 26, 2016

In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR'), this is an Offer for at least such percentage of the post-Offer Equity Share capital of the Company that will be equivalent to at least Rs 4,000 million, calculated at the Offer Price. The Offer was made throug the  Book Building Process in accordance with Regulation 26(1) of the SEBI Regulations wherein 50% of the Offer was allocated on a proportionate basis to  Qualified Institutional Buyers ('QIB'),of which our Company and Selling Shareholders, in consultation with the BRLMs allocated upto 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Pnce. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Pnce Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer was available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at or above the Offer Price All potential Bidders, other than Anchor Investors, were required to mandatorily participate in this Offer through the ASBA Process providing details of their respective bank accounts which were blocked by the relevant SCSBs. Anchor Investors were not permitted to participate in the Offer through ASBA Process. For details, see the section entitled 'Offer Procedure' on page 389 of the Prospectus.

The offer received 715,689 applications for 562,293,237 Equity Shares, (prior to technical rejections) resulting in 52.332 times subscription. The details of the applications, received in the Offer from various categories are as under: (before technical rejections):

Category No. of
Applications
No. of Equity
Shares applied
No, of
times Subscribed
Amount
A. Retail Individual Bidders 714,715 31,836,354 8.47 14,213,595,415.00
B Non-Institutional Bidders 798 362,992,344 225.22 161,894,433,624.00
C Qualified Institutional Buyers (excluding Anchor investors) 147 163,869,420 75.26 73,083,884,280.00
D. Anchor Investors 29 3,595,119 1.12 1,603,423,074.00
Total 715,689 562,293,237 52.33 250,795,336,393.00

Final Demand
A summary of the final demand at different Bid prices is as under;

Sr. No Bid Price No. of
Equity Shares
% to
Total
Cumulative
Total
Cumulative
% to Total
1 420 168,597 0.03 168,597 0.03
2 421 11,682 0.00 180,279 0.03
3 422 4,752 0.00 185,031 0.03
4 423 1,419 0.00 186,450 0.03
5 424 2,277 0.00 188,727 0.03
6 425 33,858 0.01 222,585 0.04
7 426 96,756 0.02 319,341 0.06
8 427 990 0.00 320,331 0.06
9 428 2,376 0.00 322,707 0.06
10 429 4,653 0.00 327,360 0.06
11 430 76,824 0.01 404,184 0.07
12 431 2,574 0.00 406,758 0.07
13 432 14,058 0.00 420,816 0.08
14 433 38,709 0.01 459,525 0.08
15 434 891 0.00 460,416 0.08
16 435 30,723 0.01 491,139 0.09
17 436 3,234 0.00 494,373 0.09
18 437 1,452 0.00 495,825 0.09
19 438 2,871 0.00 498,696 0.09
20 439 1,419 0.00 500,115 0.09
21 440 58,608 0.01 558,723 0.10
22 441 2,343 0.00 561,066 0.10
23 442 2,244 0.00 563,310 0.10
24 443 1,254 0.00 564,564 0.10
25 444 6,996 0.00 571,560 0.10
26 445 14,454 0.00 586,014 0.11
27 446 524,277,831 94.71 524,863,845 94.82
CUTOFF 28,688,385 5.18 553,552,230* 100.00
TOTAL 553,552,230* 100.00

*Excluding Multiple/duplicate bids

The Basis af Allotment was finalized in consultation with the Designated Stock Exchange, being the NSE, on May 5, 2016.

A. Allotment to Retail Individual Bidders (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off-Price or at the offer Price of  Rs 446 per Equity Shares, was finalized in consultation with the NSE. This category has bean subscribed to the extent of 8.29 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 3,760,648 Equity Shares to 113,959 successful Retail individual Bidders. The category-wise details of the Basis of Allotmeni are as under

Category No. of
Applications
Received
Total Total No. of
Equity
Shares Applied
% to
Total
No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity
Shares Allotted
33 645,336 92.05 21,296,154 68.29 33 13:80 3,451,733
66 18,872 2.69 1,245,552 3.99 33 13:80 101,244
99 10,399 1.48 1,029,501 3.30 33 13:80 55,770
132 4,006 0.57 528,792 1.70 33 13:80 21,483
165 2,921 0.42 481,965 1.55 33 13:80 15,675
198 3,446 0.49 682,308 2.19 33 13:80 18,480
231 2,979 0.42 688,149 2.21 33 13:80 15,972
264 744 0.11 196,416 0.63 33 13:80 3,993
297 482 0.07 143,154 0.46 i\i 13:80 2,574
330 1,656 0.24 546,480 1.75 33 13:80 8,877
363 302 0.04 109,626 0.35 33 15:80 1,617
396 595 0.08 235,620 0.76 33 13:80 3,201
429 9,327 1.33 4,001,283 12.83 33 13:80 50,028
9.953 Allottees from Serial n o 2 to 13 a II oiled 1 (o ne) additions 1 aha re
Total 701,067 100 31,185,000 100 3,760,648

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 446 per Equity Share was finalized in consultation with the NSE. This category has- been subscribed to the extent of 223.33 times. The total number of Equriy Shares Allotted in this category is 1,611,707 Equity Shares to 499 successful   Non-lnstitutional Bidders. The category-wise details of the Basis of Allotment are as under: (SAMPLE)

Category No. of
Applications
received
% to
Total
Total No. of
Equity
Sheres Applied
Total No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity
Shares Allotted
462 46 5.98 21,252 0.01 33 3:46 99
495 29 3.77 14.356 0.00 33 2:29 66
528 13 1.69 6,364 0.00 33 1:13 33
561 4 0.52 2,244 0.00 33 1:4 33
594 3 0.39 1,732 0.00 53 1:3 33
627 4 0.52 2.508 0.00 33 1:4 33
660 23 2.99 15,180 0.00 33 2:23 66
693 6 0.78 4,158 0.00 33 1:6 53
726 2 0.26 1,452 0.00 33 1:2 33
759 2 0.26 1,518 0.00 33 1:2 33
792 1 0.13 792 0.00 33 1:1 33
825 1 0.13 825 0.00 33 1:1 33
858 2 0.26 1,716 0.00 33 1:12 33
891 12 1.55 10,692 0.00 33 1:12 33
924 6 0.78 5,544 0.00 33 1:6 33

C. Allotment to QIBs (excluding Anchor Investors)

Allotments QIBs (excluding Anchor Investors), who have Bid at the Offer Price of Rs 446 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 76.2122 times of the QIB Portion. As per the SEBI Regulations, Mutual Funds were Allotted 107,448 of the Equity Shares of the QIB Portion available i.e. 107,448 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 2,041,494 Equity Shares on a pnoporiionaie basis. The total number of Equity Shares Allotted in the QIB Portion is 2,148,942 Equity Shares which were allolted to 146 successful Bidders. The category-wise details of the Basis of Allotment are as under:

Category Fls/Banks MFs ICs VCs AIF FII/FPC Total
Allotment 559,961 400,253 226,841 67,688 23,796 870,403 2,148,492

D. Allotment to Anchor Investors

The Company in consultation with the BRLMs have Allocated 3,223,411 Equity Shares to15 Anchor Investors through 29 Applications at the Anchor Investor Offer Price of Rs 446 per Equity Shares in accordance with the SEBI Regulations This represents 60% of the QIB ponion.

Category Fls/Banks MFs ICs VCs AIF FII/FPC Total
Allotment - 1,298,738 214,894 394,346 - 1,316,433 3,223,411

The IPO Committee of our company at its meeting held on may 5, 2016 has taken on record the Basis of Allotment of Equity Shares approved by the Designated   Stock Exchange, being NSE and has allotted the Equity Shares to various successful Bidders. The instructions to the Self Certified Syndicate Banks for unlocking of funds, transfer to Public Offer account have been issued on May 5, 2016 and payment to non-Syndicate brokers have been issued on May 6, 2016. The Equity Shares Allotted to the successful Allottees have been uploaded an May 6, 2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned, Our company filed the Lisling application with NSE and BSE on May 6, 2016. The Company has received listing and trading approval from BSE and NSE and0 the trading will commence on May 9,2016.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Link intime India Private Limited at www.linkintime.co.in

All Future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address, of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Applicaton Form was submitted by the Bidder, and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below;

Link Intime India Private Limited
C-13. Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West),
Mumbai 400 078. Maharashtra, India
Tel: (91 22) 6171 5400: Fax: (91 22) 2596 0329
E-mail: ttl.ipo@linkintime.co.in: Investor Grievance E-mail: ttl.ipo@linkintime.co.in Website: www.linkintime.co.in;
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.; INR000004058

Place: Mumbai
Date:May 6,2016
For THYROCARE TECHNOLOGIES LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

Thyrocare Technologies IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Thyrocare Technologies IPO?

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

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

    Visit the Thyrocare Technologies IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Thyrocare Technologies IPO allotment process?

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







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App