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Transwind Infrastructures IPO Details

Issue Open Jun 30, 2017
Issue Close Jul 4, 2017
IPO Price ₹27
Face Value ₹10
IPO Size ₹7.29 Cr
Listing At NSE SME
IPO Lot Size 4000

TRANSWIND INFRASTRUCTURES LIMITED
CIN: U45203GJ1997PLC032347

Our Company was originally incorporated as 'Transwind Communication and Electronics Pnvate Limited' on May 16, 1997 under the provisions of tne Companies Act, 1956 vide Certificate of incorporation issued by the Registrar of Companies, Gujrat at Ahmedabad. Later on the name of Our company was changed to 'Transwind Infrastructures Private Limited' on December 7, 2004 and Fresh Certificate of Incorpcnation pursuant to change of name was issued by the Registrar of Companies, Gujarat at Ahmedabad. Consequent upon the conversion of our Company into public limited company, the neme of our Company was changed to 'Transwind Infrastructure Limited' and fresh Certificate of Incorporation dated April 23, 2009 was issued by the Registrar of Companies, Gujarat at Ahmedabad.

Registered office: 74, New york Tower-A, Opp. Jain Derasar. S.G. Highway, Thaltej, Ahmedabad - 380 054, Gujarat, Website: www.transwind.in
Company Secretary and Compliance Officer: Mr. Jaydev Shukla; E-Mail: cs@transwind.in ; Tel No.: +91 - 79 - 2685 4899.

PROMOTERS OF THE COMPANY:
I.C. Pandey Agro Private Limited, Mr. Mathuraprasad Pandey, Mr. Vrindavan Pandey and Mr. Shatrujeet Pandey

BASIS OF ALLOTMENT
TRANSWIND INFRASTRUCTURES LIMITED - SME IPO

PUBLIC ISSUE OF 27,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF TRANSWIND INFRASTRUCTURES LIMITED ('TIL' OR THE 'COMPANY' OR THF 'ISSUER') FQR CASH AT A PRICE OF RS 27 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 17 PEP EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS 729.00 LAKH ('THE ISSUE'), OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 17 PER EQUITY SHARE AGGREGATING TO RS 37.80 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE ''MARKET MAKER RESERVATJON PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATJON PORTION i.e. NET ISSUE OF 25,60,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 27 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 17 PER EQUITY SHARE AGGREGATING TO RS 691.20 LAKH IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.36% AND 38.27% RESPECTIVELY OF THE POST ISSUE PAID UP EQUJTY SHARE CAPfTAL OF OUR COMPANY.

In terms of Prospectus dated June 23, 2017 and as per Regulation 43 (4) of SEBI (ICDR} Regulations, 2009 wherein (a) minimum of 50 % of the Net Offer to Public Shall be initially made available to Retail Individual Investors and (b) The balance net offer of shares to the public snail be made available for allotment to (i) Individual applicant other than retail Individual Investors and (ii) other Investors including corporate bodies or institutions, irreespective of number of specified securities applied for. (c) The unSubscribed portion in either of the Categories specified in (a)or(b) above may be allocated to the applicants in the other category.
Explanation: For the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, If the retail individual investor is antitied to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH & THE ISSUE PRICE IS RS 27/- EACH INCLUDING A SHARE PREMIUM OF RS 17 PER EQUITY SHARE. THE ISSUE PRICE IS 2.7 TIMES OF THE FACE VALUE. ISSUE OPENED ON JUNE 30, 2017 (FRIDAY) AND CLOSED ON JULY 4, 2017 (TUESDAY).

The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ('NSE Emerge'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has. received In-Principle Approval Letter dated June 21, 2017 from NSE for using Its name in this offer document for hiding our shares on the Emerge Platform of National Stock Exchange of India Limited. For the purpose of this Issue, the designated Stock Exchange Will  be the National Stock Exchange of India Limited ('NSE')

SUBSCRIPTION DETAILS

Details of Applications:
The Issue hus received 6309 applications  (before Technical Rejections) for 5,82,52,000 Equity Shares (Including Market Maker Application Of 1,40,000 Equity Shares)   resulting 21.575 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the valid Applicarions Received (before Technical Rejections & Withdrawal of Application):

Category Number of
Applications
Number of
Equity Shares
Subscription  Ratio
Market Makers 1 1,40,000                            1.000 times
Other than Retail individual investor's 110 3,33,20.000                              26.031 times
Retail Individual Investor's 6,198 2,47,92,000                             19.369 times
Total 6,309 5,82,52,000 Overall 21.575 times

Total 85 applications received in Retail Individual Investor Category were rejected on technical grounds. Further, there was no withdrawal of application in any of the category

ALLOCATION: The Basis of Allolmem was finalized in consultation with the Designated Stock Exchanoe - National Stock Exchange of India Limiled on July 7, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Markel Maker, at the Issue price of h Rs 27/- 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 1,40,000 Equity shares in full, out of reserved portion of 1,40,000 Equhy Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, If any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 27/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 19.103 times. Total number of shares allotted in this category is 12,80,000 Equity Share as under;

No. of
Shares
Applied for
(Category
wise)
No. Of
Applicati
ons
received
% 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 Applicant
Serial Number
of
Qualifying applicants
Number of
Successful
Applicants
(After
Rounding Off)
% to
Total
Total No. of
Equity
Shares
allocated/
allotted
% to
Tolal
Surplus
/Deficit
4,000 6113 100.00 24452000 100.00 1280000 209.39 4000 10:191 20, 24, 39, 66, 80, 116, 146, 166, 176, 184 320 100.00 1280000 100.00 0
Total 6113 100.00 24452000 100.00 1280000 320 100.00 1280000 100.00 0

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. 27/-per Equity Share, was finalized in consuhalion with NSE. The category was subscribed by 26.031 times. Total number of shares allotted in this category is 12,80,000 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
(Before
Rounding
Off
Allocation per
Applicant (After
Rounding off)
Ratio of
Allottees
to the Applicant
Serial Number
of
Qualifying applicants
Number of
Successful
Applicants
(After
Rounding Off)
% to
Total
Total No. of
Equity
Shares
allocated/
allotted
% to
Tolal
Surplus
/Deficit
(Rounde
d off)
8,000 15 13.64 1,20,000 0.36 4612 307.47 4000 00 1:15 13 1 1.35 4000 0.31 -612.00
12,000 9 8.18 1,08,000 0.32 4149 461.00 4000.00 1:9 8 1 1.35 4000 0.31 -149.00
16,000 7 6.36 1,12,000 0.34 4303 614.71 4000 00 1:7 5 1 1.35 4000 0.31 -303.00
20,000 1 0.91 20,000 0.06 768 768.00 4000.00 1:1 1 1.35 4000 0.31 3232.00
24,000 2 1.82 48,000 0.14 1844 922.00 4000.00 1:2 1 1 1.35 4000 0.31 2156.00
28,000 1 0.91 28,000 0.08l 1076 1076.00 4000.00 1:1 1 1.35 4000 0.31 2924.00
32,000 2 1.82 64,000 0.19 2459 1229.50 4000.00 1:2 1 1 1 35 4000 0.31 1541.00
36,000 2 1.82 72,000 0.22 2766 1383.00 4000.00 1:2 1 1 1.35 4000 0.31 1234.00
40,000 5 4.55 2,00,000 0.60 7683 1536.60 4000.00 2:5 3.4 2 2.70 8000 0.63 317.00
44,000 1 0.91 44,000 0.13 1690 1690.00 4000.00 1:1 1 1.35 4000 0.31 2310.00
60,000 1 0.91 60,000 0.18 2305 2305.00 4000.00 1:1 1 1.35 4000 0.31 1695.00
68,000 1 0.91 68,000 0.20 2612 2612.00 4000.00 1:1 1 1.35 4000 0.31 1388.00
72,000 2 1.82 1,44,000 0.43 5532 2766.00 4000.00 1:2 1 1 1.35 4000 0.31 -1532.00
80,000 2 1.82 1,60,000 0.48 6146 3073.00 4000.00 1:2 1 1 1.35 4000 0.31 -2146.00
96,000 1 0.91 96,000 0.29 3688 3688.00 4000.00 1:1 1 1.35 4000 0.31 312.00
1,00,000 3 2.73 3,00,000 0.90 11525 3841.67 4000.00 1:1 3 4.05 12000 0.94 475.00
1,08,000 1 0.91 1,08,000 0.32 4149 4149.00 4000.00 1:1 1 1.35 4000 0.31 -149.00
1,24,000 1 0.91 1,24,000 0.37 4764 4764.00 4000.00 1:1 1 1.35 4000 0.31 -764.00
1,28,000 1 0.91 1,28,000 0.36 4917 4917.00 4000.00 1:1 1 1.35 4000 0.31 -917.00
1,36,000 1 0.91 1,36,000 0.41 5224 5224.00 4000.00 1:1 1 1.35 4000 0.31 -1224.00
1,44,000 1 0 91 1,44,000 0.43 5532 5532.00 4000.00 1:1 1 1 35 4000 0.31 -1532.00
1,48.000 3 2.73 4,44,000 1.33 17056 5685.33 4000.00 1:1 3 4.05 12000 0.94 -5056.00
1,72,000 1 0.91 1,72,000 0.52 6607 6607.00 8000.00 1:1 1 1.35 8000 0.63 1393.00
1,84,000 1 0.91 1,84,000 0.55 7068 7068.00 8000.00 1:1 1 1.35 8000 0.63 932.00
1,88,000 1 0.91 1,88,000 0.56 7222 7222.00 8000.00 1:1 1 1 35 8000 0.63 778.00
1,96,000 1 0.91 1,96,000 0.59 7529 7529.00 8000.00 1:1 1 1.35 8000 0.63 471 .00
2,00,000 4 3.64 3,00,000 2.40 30732 7683.00 8000.00 1:1 4 5.41 32000 2.50 1268.00
2,12,000 1 0.91 2,12,000 0.64 8144 8144.00 8000.00 1:1 1 1.35 8000 0.63 -144.00
2,24,000 1 0.91 2,24,000 0.67 8605 8605.00 8000.00 1:1 1 1 35 8000 0.63 -605.00
2,28,000 1 0.91 2,28,000 0.68 8759 8759.00 8000.00 1:1 1 1.35 8000 0.63 -759.00
2,40,000 2 1.82 4,80,000 1.44 18439 9219.50 8000.00 1:1 2 2.70 16000 1.25 -2439.00
2,44,000 3 2.73 7,32,000 2.20 28120 9373.33 8000.00 1:1 3 4.05 24000 1.88 -4120.00
2,64,000 1 0.91 2,64,000 0.79 10142 10142.00 8000.00 1:1 1 1.35 8000 0.63 -2142.00
2,76,000 1 0.91 2,76,000 0.83 10603 10603.00 12000.00 1:1 1 1.35 12000 0.94 1397.00
2,84,000 2 1.82 5,68,000 1.70 21820 10910.00 12000.00 1:1 2 2.70 24000 1.88 2180.00
3,00,000 2 1.82 6,00,000 1.80 23049 11524.50 12000.00 1:1 2 2.70 24000 1.88 951.00
3,64,000 1 0.91 3,64,000 1.09 13983 13983.00 12000.00 1:1 1 1.35 12000 0.94 -1983.00
3,68,000 4 3.64 14,72,000 4.42 58547 14136.75 12000.00 1:1 4 5.41 48000 3.75 -8547.00
3,72,000 3 2.73 11,16,000 3.35 42872 14290.67 16000.00 1:1 3 4.05 48000 3.75 5128.00
3,92,000 1 0.91 3,92,000 1.18 15059 15059.00 16000.00 1:1 1 1.35 16000 1.25 941.00
4,00,000 1 0 91 4,00,000 1.20 15366 15366.00 16000.00 1:1 1 1.35 16000 1 25 634.00
4,44,000 1 0.91 4,44,000 1.33 17056 17056.00 16000.00 1:1 1 1.35 16000 1.25 -1056.00
4,72,000 1 0.91 4,72,000 1.42 18132 18132.00 16000.00 1:1 1 1 35 16000 1.25 -2132.00
5,52,000 1 0.91 5,52,000 1.66 21205 21205.00 20000.00 1:1 1 1.35 20000 1.56 -1205.00
5,56,000 1 0.91 5,56,000 1.67 21359 .21359.00 20000.00 1:1 1 1 35 20000 1.56 -1359.00
7,88,000 1 0.91 7,88,000 2.36 30271 30271.00 28000.00 1:1 1 1.35 28000 2.19 -2271.00
9,20,000 1 0.91 9,20,000 2.76 35342 35342.00 36000.00 1:1 1 1.35 36000 2.81 658.00
11,08,000 1 0.91 11,08,000 3.33 42564 42564.00 44000.00 1:1 1 1.35 44000 3.44 1436.00
11,12,000 1 0.91 11,12,000 3.34 42718 42718.00 44000.00 1:1 1 1.35 44000 3.44 1282.00
16,60,000 1 0.91 16,60,000 4.98 63770 63770.00 64000.00 1:1 1 1.35 64000 5.00 230.00
18,40,000 1 0. 91 18,40,000 5.52 70684 70684.00 72000.00 1:1 1 1.35 72000 5.63 1316.00
20,32,000 1 0.91 20,32,000 6.10 78060 78060.00 76000.00 1:1 1 1.35 76000 5.94 -2060.00
25,60,000 4 3.64 102,40,000 30.73 393373 98343.25 100000.00 1:1 4 5.41 400000 31.25 6627.00
Total 110 100.00 33320000 100.00 12,80,000 1:1 74 100.00 1280000 100.00 0

The Board of Directors of the Company at its meeting held on July 8, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. N$E and has authorized the corporate action for the transfer of the Equity shares/dispatch of share certificates to various successful applicants.

TheCAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories l as-filled in the application form. Further. The instructions to Self Certified Syndicate Banks for unblocking funds were being processed on or before July 8, 2017. 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 the National Stock Exchange of India Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on Wednesday, July 12, 2017 subject to receipt of final listing and trading approvals from the National Slock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Link Intime India Private Limited at www.linkintime.co.in   . All future correspondence in this regand 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:

LINK INTIME INDIA PRIVATE LIMITED
Address: C-101, 1st Floor, 247 Park, L.B.S. marg, Vikhroli (West) Mumbai - 400 083, Maharashtra India
Tel: +91 022 4918 6200; Fax: +91 022 4918 6195;
Website: www.linkintime.co.in ; SEBI REGN NO: INR00000408
Contact Person: Ms. Shanti Gopalkrishnan
Investor Grievance E-mail: til.ipo@linkintime.co.in

Place: Ahmedabad
Date: July 10, 2017
On behalf of the Board of Directors
For, Transwind Infrastructure Limited
sd/-
Pankajkumar Dube
Whole-Time Director
DIN: 07787184

Transwind Infrastructures IPO Basis of Allotment FAQs

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

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

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

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