Transpact IPO Details

Issue Open Aug 26, 2019
Issue Close Aug 28, 2019
IPO Price ₹130
Face Value ₹10
IPO Size ₹1.35 Cr
Listing At BSE SME
IPO Lot Size 1000
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT NOT FOR DISTRIBUTION OUTSIDE INDIA.)
wpe39F.jpg (3168 bytes) TRANSPACT ENTERPRISES LIMITED
CIN: U33130MH2013PLC243247

Our Company was incorporated as Transpact Enterprises Private Limited on May 12, 2013 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 243247. The certificate of incorporation was issued on May 12, 2013 by the Registrar of Companies, Mumbai at Maharashtra. Further the status of our Company was changed to public limited Company and the name of our company was changed to Transpact Enterprises Limited by a special resolution passed on April 10, 2019. A fresh certificate of incorporation consequent to the change of name pursuant to the conversion into public limited company was granted to our Company on April 16, 2019, by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U33130MH2013PLC243247. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter "History and Certain Corporate Matters" on page no. 87 of the Prospectus.

Registered Office: 204 2nd Floor, Timmy Arcade, Makwana Road Marol, Andheri East, Mumbai - 400 059
Contact Person: Ms. Kirti Didwania, Company Secretary and Compliance Officer
Tel: +91 9224763158/ +91 9904002388 ; Email: info@transpact.in; Website: www.transpact.in
Promoters of the Company: Mr. Aslam Khan & Mr. Anis Choudhery
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,04,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") OF TRANSPACT ENTERPRISES LIMITED ("TEL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS. 130 PER SHARE (INCLUDING A SHARE PREMIUM OF RS. 120 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO RS. 135.20 LAKHS ("THE ISSUE"), OF WHICH 6,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 98,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.89% AND 25.34%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND THE ISSUE PRICE IS 13.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: AUGUST 26, 2019 AND ISSUE CLOSED ON: AUGUST 28, 2019

The Equity Shares of the Company are proposed to be listed on the BSE Startup segment under SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated August 06, 2019. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on September 05, 2019 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPi mode (as applicable) by providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The Net Issue has received 73 applications for 1,05,000 Equity Shares resulting in 1.07 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received :

CATEGORY Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 67 67,000 62 62,000
Other than Retail Individual Applicant 6 38,000 6 38,000
Total 73 1,05,000 68 1,00,000

Note: The Issue also includes 6,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal.

In the event of over subscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 1,000 Equity Shares in other than Retail Individual Category & over subscription 1,000 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on August 30, 2019

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 130 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 6,000 Equity Shares. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
6,000 1 100.00 6,000 100.00 6,000 1:1 6,000
Total 1 100.00 6,000 100.00     6,000
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 130 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 61,000 Equity Shares. The category was subscribed by 1.016 times. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
1,000 62 100.00 62,000 100.00 1,000 61:62 61,000
Total 62 100.00 62,000 100.00     61,000
C) Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of T 130 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 37,000 Equity Shares. The category was subscribed by 1.027 times. 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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
2,000 1 16.67 2,000 5.26 2,000 1:1 2,000
4,000 1 16.67 4,000 10.53 4,000 1:1 4,000
5,000 1 16.67 5,000 13.16 5,000 1:1 5,000
6,000 1 16.67 6,000 15.79 6,000 1:1 6,000
7,000 1 16.67 7,000 18.42 7,000 1:1 7,000
14,000 1 16.67 14,000 36.84 13,000 1:1 13,000
Total 6 100.00 38,000 100.00     37,000

The Board of Directors of the Company at its meeting held on August 31, 2019, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before September 04, 2019. Further, the instructions to Self Certified Syndicate Banks will be processed on or before September 04, 2019 for unblocking of funds. The Equity Shares allotted 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 BSE Startup segment under SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on September 05, 2019 subject to receipt of listing and trading approval from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 19, 2019 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: 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 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 given below:

wpe39E.jpg (2116 bytes) 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 | Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael | SEBI Registration No.: INR000001385
For Transpact Enterprises Limited
On Behalf of the Board of Directors
Place: Mumbai Sd/-
Date: September 03, 2019 Whole Time Director

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF TRANSPACT ENTERPRISES LIMITED.

TRANSPACT ENTERPRISES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.transpact.in, www.bseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled "Risk Factors" beginning on page no. 15 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.

Transpact IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Transpact IPO?

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

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

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

  3. 3. What is Transpact IPO allotment process?

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