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Umiya Tubes IPO Details

Issue Open Mar 18, 2016
Issue Close Mar 22, 2016
IPO Price ₹10
Face Value ₹10
IPO Size ₹2.00 Cr
Listing At BSE SME
IPO Lot Size 10000

UMIYA TUBES LIMITED

(ClN - U28112GJ2013PLC074916)

Our Company was incorporated as Umiya Tubes Pnvate Limited on May, 07, 2013 under the provisions of Companies Act, 1956 with Regiatrar of Companies, Gujarat, Dadra and Negar Havelli vide registration no.(ClN: U28112GJ20l3PLC074916). Pursuant to shareholders Resolution passed at the Annual General Meeting held on 24th September. 2015 our Company was convened into a Public Limited Company and the name of our Company was changed to 'Umiya Tubes Limited' vide a fresh Certificate of Incorporation dated 1st October, 2015, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, . For further details about the Company, please refer section tiled 'History and Certain Corporate Matters' on page 146 of the Prospectus.

Registered Office: 208, 2nd Floor, Suman Tower, Sector -11, Gandhinagar, Gujarat-362-011, India Tel No,: 079-2324 2062;
E-mail: info@umiyatubes.com Website: www.umiyatubes.com ; Contact Person: Ritendrasinh K. Rathod (Company Secretary & Compliance officer) Promoters: Bharatkumar P. Patel, Beena P. Vaghela. Saurabh R. Patel & Surendrasinh P. Vaghela

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EAC H OF UMIYA TUBES LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 10 PER EQUITY SHARE (' ISSUE PRICE') AGGREGATING TO RS 200 LAKHS ('THE ISSUE'). OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR A CASH PRICE OF RS 10/- PER EQUITY SHARE, AGGREGATING TO RS 11 LAKHS WILL BE RESERVED FOR SUBSCRlPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,90,000 EQUITY SHARES OF FACE-VALUE OF RS 10/- EACH AT AN ISSUE PRICE OF RS 10/- PER EQUITY SHARE AGGREGATING TO RS 189 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03 AND 25.54%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL Of OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 260 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'). AS AMENDED. THIS ISSUE 15 A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(1) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED- FOR FUHTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 268 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/-
EACH AND THE ISSUE PRICE IS RS 10/-.
THE ISSUE PRICE IS 1 TIME OF THE FACE VALUE.

ISSUE

OPENED ON: MARCH 18, 2016

CLOSED ON: MARCH 22, 2016

PROPOSED LISTING: APRIL 01, 2016

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter XBof the SEBI (ICDR) Regulations. 2009. as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-pnnriple approval letter dated March 10,2016 from BSE for using its name- in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this. Issue, the Designated Stock Exchenge will be the BSE Limited. The Trading is proposed to be commenced from Friday, April 1, 2016.*

'Subject to receipt of listing and tracing approvals from the Bombay Stock Exchange of India Limited.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The issue has received 159 applications for 22,40.000 equity shares resulting in 1.12 times subscription (including reserved portion of Market Maker). The details of applications, received in the issue (before technical rejections and after cheque returns) are as follows:

Category No. of applications % No. of
Equity shares
% Subscription
(times)
Market Maker l 0.63 1,10,000 4.91 1.00
Retail Individual Investors 158 99.37 21,30,000 95.09 1.12
Other than Retail Individual Investors Nil Nil Nil Nil Nil
Total 159 100 22,40,000 100

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

Category No. of
applicants
No. of
Equity shares
Market Maker Nil Nil
Retail Individual Investors 9 1,10,000
Other than Retail htdrvtiduaJ Inveslors Nil Nil
Total 9 1,10,000

After eliminating technically rejected applications, the following table gives us category wise net valid applications:

Category No. of
applicants
Issue Size No. of
valid shares applied
Subscription
(times)
Market Market 1 1,10,000 1,10,000 1.00
Retail Individual Investors 149 18,90,000 20,20,000 1.06
Other than retails individual Investors. Nil Nil Nil Nil
Total 150 20,00,000 21,30,000 1.06

Allocation. The Basis of Allolment was finalized in consultation with the Designated Stock Exchange Bombay Slock Exchange-of India Limited on March 28, 2016.

A Allocation to Market Maker (After Technical Rejections): The Basis of Allotment 10/-  the Market Maker, at the issue price of Rs 10/- per Equity Share. was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares alotted in this category is 1,10,000 Equity Shares.

B. Allocalion to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at Ihe issue price of   Rs 10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.068 times. The total number of shares alotted in this category is 18,90,000 Equity Shares to 149 successful applicants.

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 Proportionate shares available Allocation per Applicant
(before rounding off)
Allocation per Applicant
(after rounding off)
Ratio of allottees to applicants: RATI01 Ratio of allottees to
applicants: RATIO 2
Number of successlul applicant
(after rounding off)
Total No. of Shares Allocated/ allotted NO. Of Shares Surplus/
Deficit
10000 96 64.43 960000 47.52 898218 9356.44 10000 1 1 90 960000 0
20000 53 35.57 1060000 52.48 991782 18712.87 10000 1 1 53 530000 0
10000 40 53 40 400000 0
149 100 2020000 100 1890000 143 1890000

C. Allocation to other than Retail Individual Investors (After Technical rejections):
The Basis of Allotmenl to the Non Institutional Investors, at the issue price of  Rs 10/-. per Equity Share, was finalizad in consultation with BSE. The category was not subscribed. The total number of shares allotted in tihis category is Nil.

The Board of Directors of the Company at its meeting held on March 29, 2016 has taken on record the Basis of Allocation of Equiiy Shares approved by the Designated Stock Exchange viz. Bombay Stock Exchange and has autorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before March 30, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being proposed on or prior to march 30, 2016. In case the same is not received within ten days, investors may contact   Registrar at the address given below.

The Equity Shares allocated to successful applicants are being credited to their benefiecery 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 BSE-SME Platform within six working days from the date of the closure of yhe issue

Note-: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated December 17,2015 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:

PURVA SHAREGISTFtY (INDIA) PRIVATE LIMITED
Unit no. 9, Shiv Shakti Ind. Estt.,  J. R. Boricha marg.
Opp. Kasturba Hospital Lane. Lower Parel (E), Mumbai- 400 011
Tel. No.: 022-23016761. Fax No.: 022-2301 2517
Website: www.purvashare.com : Email: busicomp@vsnl.com

Date: March 29, 2016
Place : Gandhinagar
Umiya Tubes Limited
For & on behalf of Board
Sd/-
Surendrasinh P. Vaghela
Managing Director

Umiya Tubes IPO Basis of Allotment FAQs

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

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

Visit the Umiya Tubes 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 Umiya Tubes IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).