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TIRUPATI FORGE LIMITED
Our Company was incorporated under the provisions of Companies Act, 1956 as Tirupati
Forge Private Limited' in Gujarat vide Certificate of Incorporation issued by Registrar of
Companies. Gujarat on August 17,2012, Consequently, it was converted in to a public-
limited company pursuant to Shareeholders resulution passed at Extra.-ordinary General
Meeting of our Company held on July 31,2017 and the name of our Company was changed to
Tiruparti Forge Limited and a fresh certificate of incorporation consequent upon
Conversion of Private Company to Public Limited dated August 11, 2017 was issued by
Registrar of Companies, Gujarat. Ahmedabd. The Corporate identifcation Number of our
Company is U27320GJ2012PLC071594. For further details of Incorporation, Change of Name and
Registered Office of our company, please refer to chapter titled ''General
Inrfarmation' and 'Our History and Certain Other Corporate Matters' beginning on
page 59 and page 128 of the Prospectus.
Registered Office; Plot No.1-5, Survey No. 92/1, Near
Shan Cement, Hadamtala industrial Area, Tal: Kotda Sangani Hadamtala,
Rajkot 380311.Gujarat
Tel. No.; 02827-270512/13; Fax No.; Not Available-
Email.; info@tirupatiforge.com:
Website: www.tiruptiforge.com
Corporate Identification Number: U27320GJ2012PLC071594; Contact
Person: Banashri Joshi, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: HITESH THUMMAR, AJAY SARDHARA AND BHARGAVI
THUMMAR
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 18. 00.000 EQUITY SHARES OF FACE VALUE OF RS. 10, EACH ('
EQUITY SHARES') OF TIRUPATI FORGE LIMITED (THE 'COMPANY' OR THE
'ISSUER') FOR CASH AT A PRICE OF RS. 29/- PER EQUITY SHARE. INCLUDING A SHARE
PREMIUM OF RS. 19/- PER EQUITY SHARE (THE 'ISSUE PRICE'). AGGREGATING RS. 522.
00 LAKHS {'THE ISSUE'), OF WHICH 92,0000 EQUITY SHARES OF FACE VALUE OF RS. 10/-
EACH FOR CASH AT A PRICE OF RS. 29/- PER EQUITY SHAHE, AGGREGATING RS. 26.68 LAKHS WILL BE
RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER
RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF
17.00,000 EQUITY SHAHES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 29/- PER
EQUITY SHAKE. AGGREGATING RS. 495.32 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET
ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.97% AND 29.39% RESPECTIVELY OF
THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated September 21,2017 and as per Regulation 43{4) of SEBI
(ICDR) Regulations, 2009 wherein:
a) A minimum of 50% of the Net Offer to Public shall initially be made available to Retail
individual investors,
b) The balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corpara:e bodies/ institutions irrespective of no. of
Shares applied for.
c) the unsubscribed portion of the net offer to any one ol 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. All Investors have participated in this affer through ASBA process. For
details in this regards, specific attention is invited to chapter 'Issue
Procedure' on page 222 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10,00 EACH.
THE ISSUE PRICE OF RS. 29.00 IS 2.9 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON SEPTEMBER 29, 2017 AND CLOSED ON OCTOBER 04, 2017
The Equity Shares offered through the Prospectus are proposed to be listed an the
EMERGE platform of National Stock Exchange of India Limited (NSE EMERGE) in terms of the
chapter XB of the SEEI (ICDR) Regulations. 2009 as amended from time to time. The Company
is not required to Obtain an in-principle approval for the shares being offered in this
Issue. However, the Company has received an approval letter dated September 20,2017 from
National Stock Exchange of India Limited for using its name in the Prospectus for
listing of our Snares on NSE EMERGE. The designated stock exchange is NSE EMERGE.
SUBSCRIPTION DETAILS
The issue has received 2,228 applications for 1,15.76.000 Equity shares (Before
Technical Rejections but After Bids not Banked and Invalid Duplicate Bids) (including
Market Maker Application of 92.000 Equity Shares) resulting 6.43 times subscription. After
considering, a Technical Rejection case, the Issue was subscribed 6.36 times (including
the Market Maker Portion).
The details of application received (Before Technical Rejection & Bids not Banked)
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Maker |
1 |
92,000 |
1 |
| Other than Retail Individual Investors |
69 |
28.52,000 |
3.34 |
| Retail Individual Investors |
2.158 |
66.32,000 |
10.11 |
| TOTAL |
2.228 |
1.15,76.000 |
6.43 |
The details of applications rejected by the Registrar on technical grounds are detailed
below:
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
| Market Maker |
0 |
0 |
| Other than Retail Individual Investors |
0 |
0 |
| Retail individual investors |
23 |
92,000 |
| TOTAL |
23 |
92,000 |
Detail of the Applications Received (After Technical Rejection & Bids not Banked):
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
REVISED SUBSCRIPTION |
| Market Maker |
1 |
92,000 |
1 |
1 |
| Other than Retail Individual Investors |
69 |
28,52,000 |
3.34 |
6.72 |
| Retail Individual Investors |
2.135 |
85 40 000 |
10.00 |
6.65 |
| TOTAL |
2,205 |
1,14,84,000 |
6.38 |
6.38 |
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange-NSE on October 09, 2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs. 29/- per Equity Share, was
finalized in consultation with NSE The category was subscribed by 1.00 times. The total
number of Shares allotted in this category is 92,000 Equity shares in full out of reserved
portion of 92000 Equity Shares.
B. Allocation In Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 29/-
per Equity Share, was finalized in consultation with NSE. The category was subscribed by
6.65 times. Total number of shares allotted in this category are 12,84,000 Equity Shares.
The category wise basis of allotmentis as under:
No. of Shares
Applied for (Category wise) |
No. of
Applications
received |
% to
total |
Total No of
Equity Shares
applied |
%
to total |
Proportionate
Shares
Available |
Allncatton per Applicant (Belore
Rounding Off) |
Allocation per
Applicant (Alter
Rounding Off) |
Ratio of
Allottees to
the Applicants |
Total No.of
Equity Shares
allotted |
Surplus/ (Deficit) |
| 4.000 |
2,135 |
100 |
85,40,000 |
100 |
12.84.000 |
601.41 |
4,000 |
11:73 |
12.84,000 |
0 |
C. Allocation to Other than Retail Individual Investor (After Technical
Rejection): Tne Basis of Allotment to other than Retail Individual Investors, at
the issue price of Rs 29/-per Equity Share, was finalized in consultation with NSE. The
category was subscribed by 6.72 tones. Total number of shares allotted in this category is
4,24,000 Equity Shares. The category wise basis of allotment is as under:
Sr
No. |
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) |
| 1 |
8.000 |
6 |
8.70 |
48,000 |
1.68 |
7.138 |
1.189.33 |
4,000.00 |
1:3 |
8,000 |
862 |
| 2 |
12.000 |
6 |
8.70 |
72,000 |
2.52 |
10.704 |
1.784.00 |
4,000.00 |
1:2 |
12,000 |
1.296 |
| 3 |
16,000 |
12 |
17.39 |
192.000 |
6.73 |
28.544 |
2.378.67 |
4,000.00 |
7:12 |
28,000 |
-544 |
| 4 |
20,000 |
8 |
11.59 |
1,60.000 |
5.61 |
23,787 |
2.973.38 |
4,000.00 |
3:1 |
24,000 |
213 |
| 5 |
24.000 |
5 |
7.25 |
1,20,000 |
4.21 |
17.840 |
3.568.00 |
4,000.00 |
4:5 |
16,000 |
-1.840 |
| 6 |
28,000 |
2 |
2.90 |
56,000 |
1.96 |
8.325 |
4.162.50 |
4,000.00 |
1:1 |
8,000 |
-325 |
| 7 |
32.000 |
3 |
4.35 |
96.000 |
3.37 |
14.272 |
4,757.33 |
4.00000 |
1:1 |
12,000 |
-2.272 |
|
4000 additional share is
allotted for Serial no 7 in the ratio of 1;3 |
4 000.00 |
1:3 |
4,000 |
4,000 |
| 8 |
36,000 |
1 |
1.45 |
36,000 |
1.26 |
5,352 |
5 352.00 |
4,000.00 |
1:1 |
4,000 |
-1,352 |
| 9 |
40.000 |
|
11 |
15.94 |
4.40.0OD |
15.43 |
65.414 |
5.946.73 |
4,000.00 |
1:1 |
44,000 |
|
4000 additional share is
allotted for Serial no 9 in the ratio of 5:11 |
4,00000 |
5:11 |
20.000 |
20.000 |
| 10 |
48,000 |
2 |
2.90 |
96.000 |
3.37 |
14,272 |
7,136.00 |
8.000.00 |
1:1 |
16,000 |
1,728 |
| 11 |
60,000 |
1 |
1.45 |
60.000 |
2.10 |
8,920 |
8.920.00 |
8.000.00 |
1:1 |
8,000 |
-920 |
| 12 |
80,000 |
1 |
1.45 |
80,000 |
2.81 |
11,893 |
11.893.00 |
12,000.00 |
1:1 |
12,000 |
107 |
| 13 |
84000 |
1 |
1.45 |
84000 |
2.95 |
12488 |
12488.00 |
12000 |
1:1 |
12000 |
-488 |
| 14 |
88000 |
3 |
4.35 |
264000 |
9.26 |
39248 |
13082.67 |
12000 |
1:1 |
36000 |
-3248 |
|
4000 additional share Is
allotted for Serial no 14 in the ratio of 1;3 |
4000 |
1:3 |
4000 |
4000 |
| 15 |
92000 |
1 |
1.45 |
92000 |
3.23 |
13677 |
13677.00 |
12000 |
1:1 |
12000 |
-1677 |
| 16 |
96000 |
1 |
1.45 |
96000 |
3.37 |
14272 |
14272.00 |
16000 |
1:1 |
16000 |
1728 |
| 17 |
100000 |
1 |
1.45 |
100000 |
3.51 |
14867 |
14867.00 |
16000 |
1:1 |
16000 |
1133 |
| 18 |
104000 |
1 |
1.45 |
104000 |
3.65 |
15461 |
15461.00 |
16000 |
1:1 |
16000 |
539 |
| 19 |
120000 |
l |
1.45 |
120000 |
4.21 |
17840 |
17840.00 |
16000 |
1:1 |
16000 |
-1840 |
| 20 |
192000 |
1 |
1.45 |
192000 |
6.73 |
28544 |
28544.00 |
28000 |
1:1 |
28000 |
-544 |
| 21 |
344000 |
1 |
1.45 |
344000 |
12.06 |
51142 |
51142.00 |
52000 |
1:1 |
52000 |
858 |
| Grand Total |
69 |
100.00 |
2852000 |
100.00 |
424000 |
|
|
|
424000 |
0 |
The Board of Directors of the Company at its meeting held on October 10. 2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. NSE and authorized corporate action for allotment of shares in
dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the
Applicants- as registered with the depositories / as filled in the application form.
Further, the instructions to SCSBs shall be issued on October 10,2017 for unblocking of
funds. 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. In case the same is not received within prescribed time. Investors may contact
the registrar to the Issue at the address given below. The Company is taking steps to get
the Equity Shares admitted for trading on the EMERGE platform of National Stock Exchange
of India Limited within six working days from the date of the Closure of the Issue. The
trading is proposed to Commence on or before October 12.2017 subject to receipt of listing
and trading approvals fram National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hasted on the website of the Registrar
to the Issue at www.linkintime.co.in All
future correspondence in this regard may kindly be addressed to the Registrar quoting full
name of the First/ Sole applicant, 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:
LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor. 247 Park. L.B S. Mary, vikiiroli (West}, Mumbai 400083 India.
Tel: 022-49186200; Fax: 022-49186195
Email: tirupatiforge.ipo@linkintime.co.in; Website: www.linkintime.co.in
Investor Grievance Id: tirupatiforge.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan: SEBI Registration No.:
INR000004058
| Date: October 10, 2017 Place: Rajkot,
Gujarat |
Far TIRUPATI FORGE LIMITED
On behalf of the Board of Director
Sd/-
Hitesh Thummar
Chairman and Managing Director |
|
Zerodha (Trading & Demat Account)
RHP
