Unishire Urban Infra IPO Details

Issue Open Feb 10, 2014
Issue Close Feb 12, 2014
IPO Price ₹10
Face Value ₹10
IPO Size ₹6.43 Cr
Listing At BSE SME
IPO Lot Size 10000

UNISHIRE URBAN INFRA LIMITED

Our Company was incorporated as 'Ratna Kama! Holdings Private Limited' a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated April 23, 1991 bearing registration number 051507 issued by the Registrar of Companies, West Bengal, Subsequently, our Company was converted into a public limited company under the Companies Act and the name of our Company was changed to 'Ratna Kamal Holdings Limited' pursuant to fresh certificate of incorporation consequent upon change of name on conversion to pubtic limited company dated January 23, 2013, issued by the Registrar of Companies, West Bengal Subsequently the name of our Company was Changed to 'Unishire Urban infra Limited' persuant to fresh certificate of incorporation consequent upon change of name dated October 28,2013, issued by the Registrar of Companies, West Bengal. Our corporate identification number is U67190WB199IPLC051507. For further details of our Company, please refer to the chapters titled 'General Information and History and Certain Corporate Matters' beginning on page numbers 29 and 76, respectively, of the Prospectus.

Registered Office: 1, Crooked Lane, 1st Floor, Room No.125. Kolkata - 700 069, West Bengal,
Tel: +91 33 3022 4841, fax: +91 33 3022 4842,
Corporals Office: #36, Railway Parallel Road, Nehru Nagar, Kumarapark (west), Bangalore-560 020, Karnataka
Tel:
+91 80 23461715, Fax: +91 802346 0547, Website: www.unishire.com. E-mail: ipo@unishire.com
Company Secretary and Compliance Officer: Ms. Akriti Sharma

OUR PROMOTERS: MR. PRATIK K. MEHTA, MR.VINAY K. MEHTA, MR. KIRTIK. MEHTA AND MRS. NUTAN K. MEHTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 64,30,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF UNISHIRE URBAN INFRA LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT PAR, AGGREGATING RS 643.00 LACS ('THE ISSUE'), OF WHICH 3,30,000 EQUITY SHARES OF RS 10 EACH FOR CASH AT PAR, AGGREGATING RS 33.00 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 61,00,000 EQUITY SHARES OF RS 10 EACH FOR CASH AT PAR AGGREGATING RS 610.00 LACS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE', THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.40% AND 25.04% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATION, 2009 AS AMENDED (THE 'SEBI REGULATIONS') OUT OF THE NET OFFER OF 61,00.000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS INCLU DING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% OH PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

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

PROPOSED LISTING: FRIDAY, FEBRUARY 28, 2014*

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 XB of the SEBl (ICDR) Regulations, 2009, as amended fron time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated January 21, 2014 from  BSE for usng its name in this Prospectus for listing of our Equity Shares or the SME Platform of BSE. For the purpose of this issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from Friday, February 28, 2014*.

*Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicant 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 687 applications for 1,46,30,000 Equity Shares resulting in 2.28 times subscription (including reserved portion of Marker Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:

Detail of the Applications Received (Before Technical Rejections)

Category No.of
Applications
% No.of
Equity Shares.
% Subscription
Market Maker 1 0.15 3,30,000 2.26 1.00
Retail Individual Applicant 596 86.75 7,900,000 54.00 2.59
Other than Retain Individual Applicants 90 13.10 6,40,000 43.75 2.10
Total 687 100.00 14,630,000 100.00 2.28

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

Technical rejection I Withdrawal

Category No.of
Applications
Ho.of
Equity Shares
Market Maker Nil Nil
Retail Individual Applicant 25 3,20,000
Non institutional Applicant 4 4,50,000
Total 29 7,70,000

After eliminating Technically Rejected applications, the following table gives the delails of Category wise net valid applications:

After technical rejections

Category No. of
Applications
% No. of Equity
Shares (Valid)
% Subscription No. of Equity
Shares (Allotted)
Market Maker 1 0.15 3,30,000 2.38 1.00 3,30,000
Retail Individual Applicant 571 86.78 75,80,000 54.69 2.22 34,20,000
Other than Retail Individual Applicants 86 13.07 59,50,000 42.93 2.22 26,80,000
Total 658 100.00 1,38,60,000 100.00 2.16 64,30,000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on February 24, 2014.

A. Allocation to Market Maker (After Technical Rejections): The Basis of allotment to the Market Maker, at the issue price of Rs.10/- 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 3,30,000 Equity Shares.

B. Allocation 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 2.22 times. The total number of shares allotted in this category is 34,20,000 Equity Shares,

*The retail category has applied for 56.02 % of the valid applications under the net offer to public and hence they Have been allotted thai higher percentage.

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 Sharas Available Allocation
Per Applicant Before
Rounding off
Allocation
Per Applicant
Alter
Rounding off
Ratio of Allottees to
Applicants
Total No. of Shares Allotted Surplus/ Deficit
10,000 384 67:25 38,40,000 50.66 17,32,559 4,511.37 10,000 9:20 17,30,000 3,828
20,000 187 32.75 37,40,000 49.34 16,87,441 9,023.75 10,000 37:41 16,90,000 -3,828
Total 571 100.00 75,80,000 100.00 34,20,000 34,20,000 0

C. Allocation Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotments to the other than Retail Individual Investores, at the issue price of Rs. 10/- per Equity Share, was finalised in consultation with BSE, The category was subscribed 2.22 times, The total number of shares allotted in this category is 26,80,000 Equity Shares.

^The non-retail category has applied for 43.98% of the valid applications under the net offer to public.

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
Applicant Before
Rounding off
Allocation
Per Applicant
After Rounding off
Ratio of Allottees to
Applicants
Total  No.of Shares Allotted Surplus/
Deficit
30,000 27 31.40 8,10,000 13.61 3,64,840 13,512.61 10,000 1:1 2,70,000 -94,840
60,000.00 10,000 2:9 60,000 60,000
40,000 5 5.81 2,00,000 3.36 90,084 18,016.81 20,000 1:1 1,00,000 9,916
50,000 22 25.58 11,00,000 18.49 4,95,462 22,521.01 20,000 1:1 4,40,000 -55.462
60,000 6 6.98 3,60,000 6.05 1,62,151 37,025.21 30,000 1:1 1,80,000 17.849
70,000 3 3.49 2,10,000 3.53 94,588 31,529.41 30,000 1:1 90,000 -4,588
80,000 1 1.16 80,000 1.34 36,034 36,033.61 40,000 1:1 40,000 3,966
1,00,000 11 12.79 11,00,000 18.49 4,95,462 45,042.02 50,000 1:1 5,50,000 54,538
1,10,000 4 4.65 4,40,000 7.39 1,98,185 49,546.22 50,000 1:1 2,00,000 1,815
1,50,000 3 3.49 4,50,000 7.56 2,02,689 67,563.03 70,000 1:1 2,10,000 7,311
2,00,000 1 1.16 2,00,000 3.36 90,084 90,084.03 90,000 1:1 90,000 -84
2,50,000 2 2.33 5,00,000 8.40 2,25,210 1,12,605.04 1,10000 1;1 2,20,000 -5,210
5,00,000 1 1.16 5,00,000 8.40 2,25,210 2,25,210.08 2,30,000 1:1 2,30,000 4,790
Total 86 100.00 59,50,000 100.00 26,80,000 26,80,000 0

The Board of Directors of the Company at its meeting held on February 24, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE United and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund Orders allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on February 26, 2014. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to February 25, 2014. In case the same is not received within 10 days, investers may contact at the address given below. Refunds have been made through Direct credit, RTGS and NEFT. into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders are being dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficieries accounts subject to validation of the account details with the depositories concerned. The Company 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,

Note: All capitated terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated January 25, 2014 ('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/strong> 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 SHAREGISTRY (INDIA) PRIVATE LIMITED
No. 9, Shiv Shakti Ind. Estate. Gr. Floor, J. R. Boricha Marg.
Lower Parel.Mumbai-400011
Tel:  +91 22 2301 6761/8261 Fax:  +91 22 23012517
Website: www.purvashare.com Email: busicomp@vsnl.com
SEBIRegnNo.: INR000001112
Contacl Person: Mr. Rajesh Shah

Place: Kolkata
February 25, 2014
For UniShire Urban Infra Limited
On behalf of the Board of Directors
sd/-
Mr. Pratik K. Mehta
Managing Director

Unishire Urban Infra IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Unishire Urban Infra IPO?

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

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

    Visit the Unishire Urban Infra IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Unishire Urban Infra IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Unishire Urban Infra 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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