Tiger Logistics IPO Details

Issue Open Aug 27, 2013
Issue Close Aug 29, 2013
IPO Price ₹66
Face Value ₹10
IPO Size ₹7.52 Cr
Listing At BSE SME
IPO Lot Size 2000

TIGER LOGISTICS (INDIA) LIMITED

Our Company was incorporated as 'Tiger Logistics (India) Private Limited' under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 23, 2000 bearing Registration No. 105817, in New Delhi. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated May 08, 2013 and consequently the name of our Company was changed to 'Tiger Logistics (India) Limited'. The Corporate Identification Number of our Company is U74899DL2000PLC105817. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 117 of the Prospectus.

Registered Office: 804A-807, 60 Skylark Building, Nehru Place, New Delhi - 110019, India. Tel.: +91 11 47351111; Fax No.: +91 11 26229671/26235205; E-mail: ipo.tiger@tigerlogistics.in; Website: www.tigerlogistics.in
Contact Person: Mr. Vishal Saurav Gupta, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: MR. HARPREET SINGH MALHOTRA AND
MRS. BENU MALHOTRA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID OF TIGER LOGISTICS (INDIA) LIMITED ('TLIL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 66/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 56/- PER EQUITY SHARE) AGGREGATING RS. 752.40 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 58,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH WILL BE RESERVED FOR SUBCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 10,82,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.97% AND 25.60%, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.

This being a Fixed Price Issue and in terms of Prospectus dated 14th August, 2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50.09 % of the Net Offer to Public shall be initially made available to Retail Individual Investors. 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. 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 any other category, if so required.
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 EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 66/-. THE ISSUE PRICE IS 6.60 TIMES OF THE FACE VALUE.
ISSUE OPENED ON 27th AUGUST, 2013 AND CLOSED ON 29th AUGUST, 2013.

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 for the shares being offered in this Issue. However Company has received an approval letter dated 12th August, 2013 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 bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 151 applications for 13,02,000 Equity Shares (Including Market Maker Application of 58,000 Equity Shares) resulting 1.14 times subscription. After considering, cheque return case of 1 application of 2,000 Equity Shares, the Issue was subscribed 1.14 times. The details of the applications received in the Issue (before technical rejections) are as follows:

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 58000 100.00%
Other than Retail Individual Investor's 33 1010000 187.03%
Retail Individual Investor's 117 234000 0.43%
TOTAL 151 1302000

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers - -
Other than Retail Individual Investor's 2 114000
Retail Individual Investor's - -
TOTAL 2 114000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 58000 100.00%
Other than Retail Individual Investor's 31 896000 165.93%
Retail Individual Investor's 117 234000 0.43%
TOTAL 149 1188000

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 05th September, 2013.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 66/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 58,000 Equity shares in full out of reserved portion of 58,000 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. 66/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.43 times. Total number of shares allotted in this category is 2,34,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of
Applications
% to total Total No. of
Equity Shares applied
%
of total
Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus / (Deficit)
2000 117 100 234000 100 542000 2000 FIRM 234000 -308000

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 66/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.66 times. Total number of shares allotted in this category is 8,50,000 Equity Shares including additional 2,000 Equity Shares for the purpose of rounding off to the nearest multiple of 2,000 Equity Shares (Lot Size) and spill over of 3,08,000 Equity Shares from retail category. The category wise basis of allotment is as under:

No. of Shares
Applied
for
(Category wise)
No. of
Appli-
cations
% to total Total No. of
Equity Shares
applied
%
of
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)
4000 9 29.03 36000 4.02 34071 3785.71 4000 FIRM 36000 1929
6000 1 3.23 6000 0.67 5679 5678.57 6000 FIRM 6000 321
8000 1 3.23 8000 0.89 7571 7571.43 8000 FIRM 8000 429
10000 1 3.23 10000 1.12 9464 9464.29 10000 FIRM 10000 536
18000 1 3.23 18000 2.01 17036 17035.71 18000 FIRM 18000 934
22000 2 6.45 44000 4.91 41643 20821.43 20000 FIRM 40000 -1643
30000 1 3.23 30000 3.35 28393 28392.86 28000 FIRM 28000 -393
32000 2 6.45 64000 7.14 60572 30285.71 30000 FIRM 60000 -572
34000 1 3.23 34000 3.79 32180 32178.57 32000 FIRM 32000 -180
36000 1 3.23 36000 4.02 34071 34071.43 34000 FIRM 34000 -71
38000 4 12.9 152000 16.96 143857 35964.29 36000 FIRM 144000 143
40000 2 6.45 80000 8.93 75714 37857.14 38000 FIRM 76000 286
50000 1 3.23 50000 5.58 47321 47321.43 48000 FIRM 48000 679
74000 3 9.68 222000 24.78 210107 70035.71 70000 FIRM 210000 -107
106000 1 3.23 106000 11.83 100321 100321.43 100000 FIRM 100000 -321
Total 31 100 896000 100 848000 - - - 850000 2000

The issue has been authorized by the shareholders of the Company pursuant to a special resolution dated 15th May, 2013 under section 81 (1A) of the Companies Act. The Board of Directors of the Company vide circular resolution dated 05th September, 2013 has accorded their consent to increase /alter / vary the issue size due to rounding off / oversubscription / under subscription etc.

The Board of Directors of the Company vide circular resolution dated 05th September, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates 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 07th September, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 06th September, 2013. 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 September 12, 2013 subject to receipt of listing 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, 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
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai 400 072
Tel.: +91-22-40430200; Fax: +91-22-28475207; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael

Place : New Delhi
Date : 06-09-2013
For Tiger Logistics (India) Limited
Sd/-
Managing Director

Tiger Logistics IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Tiger Logistics IPO?

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

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

    Visit the Tiger Logistics IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Tiger Logistics IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Tiger Logistics 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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