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Wonder Fibromats IPO Details
IPO Date Jul 22, 2019 - Jul 29, 2019
IPO Price ₹89
Face Value ₹10
IPO Size ₹19.79 Cr
Listing At NSE SME
IPO Lot Size 1600
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT FOR DISTRIBUTION OUTSIDE INDIA.)
wpe231.jpg (1410 bytes) WONDER FIBROMATS LIMITED
CIN: U31900DL2009PLC195174

Our Company was originally incorporated at Delhi as "Wonder Fibromats Private Limited" on 13th October, 2009 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Asst. Registrar of Companies, NCT of Delhi & Haryana. Consequent, upon the conversion of our Company into public limited company, the name of our Company was changed to "Wonder Fibromats Limited" vide fresh certificate of incorporation dated 5th July, 2018 issued by the Registrar of Companies, Delhi. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Corporate Structure" beginning on pages 54 and page 148 respectively of the Prospectus.

Registered Office: 45, Okhla Industrial Estate, Phase-III, New Delhi 110020
Work: Factory at Khasra No. 105-106 Raipur Industrial Area, Bhagwanpur, Roortee 247667 Tel: +91 11 66058952
Email: info@wonderfibromats.com Website: www.wonderfibromats.com Contact Person: Ms. Nikita. Company Secretary & Compliance Officer
PROMOTERS OF THE COMPANY: MR. HARSH KUMAR ANAND, MR. YOGESH ANAND AND MR. YOGESH SAHNI
BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 22,24,000 EQUITY SHARES OF A FACE VALUE OF RS. 10/- EACH (THE "EQUITY SHARES") OF WONDER FIBROMATS LIMITED ("OUR COMPANY" OR "WFL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 89/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 79 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 1,979.36 LAKHS ("THE ISSUE") OF WHICH 1,12,000 EQUITY SHARES AT AN ISSUE PRICE OF RS. 89 PER EQUITY SHARE AGGREGATING TO RS. 99.68 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 21,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 89 PER EQUITY SHARE AGGREGATING TO RS. 1,879.68 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.55% AND 25.22%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 89*/- EACH I.E. 8.90 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: JULY 22, 2019 AND ISSUE CLOSED ON: JULY 29, 2019*

*The Company in consultation with the Lead Manager decided to revise the price band to Rs. 89 from the initial price band of Rs. 90 in terms of the SEBI Regulations. On account of such revision, the Bid/Issue Period was extended by three working days and consequently the Bid/Issue closed on July 29, 2019 as compared to the earlier scheduled Bid/Issue Closing Date of July 24, 2019. The prescribed advertisement in this regard was published in all editions of English national daily newspaper Financial Express, Hindi national daily newspaper Jansatta on July 25 2019, where the pre-issue advertisement was published.

The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of NSE ("NSE") in terms of the Regulation 281 read with Regulation 103(1) of the SEBI (ICDR) Regulations. 2018 as amended from time to time. Our Company has received an In-Principal approval from NSE for the listing of the Equity Shares pursuant to letter dated November 13, 2018. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on August 06, 2019 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India 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 281 read with Regulation 129(4) and 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 Investors except underwriter procured applicant have participated 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 319 applications for 27,80,800 Equity Shares (Including Market Maker Application of 1,12,000 Equity Shares) resulting 1.250 times subscription. Three (3) applications of aggregating 1,10,400 Equity Shares were tendered invalid as multiple application and Twenty One (21) applications of aggregating 4,40,000 Equity Shares v/ere not banked. Hence 295 applications for 22,30,400 Equity Shares (Including Market Maker application of 1,12,000 Equity Shares) resulting 1.003 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

Category NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 1,12,000 1.000
Other than Retail Individual Investor's 78 17,72,800 1.679
Retail Individual Investor's 216 3,45,600 0.327
TOTAL 295 22,30,400 1.003

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

Category NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's 2 25,600
Retail Individual Investor's 4 6,400
TOTAL 6 32,000

After considering the technical rejection of 32,000 Equity Shares, 289 applications for 21,98,400 Equity Shares (Including Market Maker application of 1,12,000 Equity Shares) resulting 0.988 times subscription was considered and thereby creating a shortfall of 25,600 Equity Shares. Hence Underwriters have arranged for the shortfall of 25,600 Equity Shares through one investor and accordingly issue was subscribed to 1.000 time.

Details of the Valid Applications Received (After Technical Rejection & Underwriter Procured Application):

Category NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 1,12,000 1.000
Other than Retail Individual Investor's 76 17,47,200 1.654
Retail Individual Investor's 212 3,39,200 0.321
Underwriter Investor 1 25,600 1.000
TOTAL 290 22,24,000 1.000

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on 1st August, 2019.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 89/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 1,12,000 Equity shares in full out of reserved portion of 1,12,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 89/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.321 times. Total number of shares allotted in this category is 3,39,200 Equity Shares against reserved portion of 10,56,000 Equity Shares and balance 7,16,800 Equity Shares were spilled over to Non Retail Category. 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 Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
1,600 212 100 3,39,200 100 10,56,000 1,600 1,600 Firm 3,39,200 (7,16,800)
TOTAL 212 100 3,39,200 100 10,56,000       3,39,200 (7,16,800)

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. 89/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.654 times. Total number of shares allotted in this category is 17,47,200 Equity Shares against available Equity Shares of 17,72,800 Equity Shares including spill over of 7,16,800 Equity Shares from Retail Category. The shortfall of 25,600 Equity Shares has been subscribed by investor procured through Underwriters. 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 Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
3,200 30 39.47 96,000 5.49 97,407 3,246.90 3.200 Firm 96,000 (1,407)
4,800 6 7.89 28,800 1.64 29,222 4,870.33 4,800 Firm 28,800 (422)
6,400 6 7.89 38,400 2.19 38,963 6,493.83 6,400 Firm 38,400 (563)
8,000 12 15.78 96,000 5.49 97,407 8,117.25 8,000 Firm 96,000 (1,407)
9,600 2 2.63 19,200 1.09 19,481 9,740.50 9,600 Firm 19,200 (281)
11,200 4 5.26 44,800 2.56 45,456 11,364.00 11,200 Firm 44,800 (656)
12,800 4 5.26 51,200 2.93 51,950 12,987.50 12,800 Firm 51,200 (750)
14,400 1 1.31 14.400 0.82 14,611 14,611.00 14,400 Firm 14,400 (211)
16,000 3 3.94 48,000 2.74 48,703 16,234.33 16,000 Firm 48,000 (703)
17,600 1 1.31 17,600 1.00 17,858 17,858.00 17,600 Firm 17,600 (258)
24,000 1 1.31 24,000 1.37 24,352 24,352.00 24,000 Firm 24,000 (352)
27,200 1 1.31 27.200 1.55 27,599 27,599.00 27,200 Firm 27,200 (399)
33,600 1 1.31 33,600 1.92 34,092 34,092.00 33,600 Firm 33,600 (492)
49,600 1 1.31 49,600 2.83 50,327 50,327.00 49,600 Firm 49,600 (727)
83,200 1 1.31 83,200 4.76 84,419 84,419.00 83,200 Firm 83,200 (1,219)
3,00,800 1 1.31 3,00,800 17.21 3,05,207 3,05,207.00 3,00,800 Firm 3,00,800 (4,407)
7,74,400 1 1.31 7,74,400 44.32 7,85,746 7,85,746.00 7,74,400 Firm 7,74,400 (11,346)
TOTAL 76 100 17,47,200 100 17,72,800       17,47,200 (25,600)

D. Allocation to Underwriter-Procured Investor: The Basis of Allotment to the Underwriter-Procured Investor, at the Issue price of Rs. 89/- per Equity Share, was finalized in consultation with NSE. Total number of shares allotted in this category is 25,600 Equity Shares in order to subscribe the unsubscribed portion of 25,600 equity shares. After eliminating the cheque returns and technical rejections, the valid subscription was aggregating to 21,98,400 equity shares hence causing shortfall of 25,600 shares equity shares. In terms of the underwriting agreement the Underwriters procured the investor, accordingly one (1) application for 25,600 equity shares was towards full filling their underwriting obligation and the same has been considered for processing and included in Non-Institutional category.

The Board of Directors of the Company at its meeting held on August 02, 2019, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE 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 August 5, 2019. Further, the instructions to Self Certified Syndicate Banks will be processed on or before August 5, 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 EMERGE Platform of NSE within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on August 06, 2019 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 02, 2019 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, KARVY FINTCH PRIVATE LIMITED at Website: https://karisma.karvy.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:

wpe230.jpg (1726 bytes) KARVY FINTECH PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31 -32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032
Tel: +91 4067162222
Fax: +914023431551
Website: https://Xarisma.karvy.com
E-mail: einward.ris@karvy.com
Investor Grievance E-mail: wonderfibromats.ipo@karvy.com
Contact Person: Mr. M Murali Krishna
SEBI Registration: INR000000221
For Wonder Fibromats Limited
On Behalf of the Board of Directors
Sd/-
Place: Delhi Mr. Harsh Kumar Anand
Date: August 03, 2019 Managing 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 WONDER FIBROMATS LIMITED.

WONDER FIBROMATS 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, Uttar Pradesh. The Prospectus shall be available on the websites of the Company, the NSE and the Lead Manager at www.wonderfibromats.com, www.nseindia.com/emerge and www.navigantcorp.com 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. 25 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.

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Find the basis of allotment for Wonder Fibromats IPO. The basis of allotment document helps to understand how shares are allotted in IPO of Wonder Fibromats Limited. It provides detail about how many valid IPO applications received for Wonder Fibromats IPO and IPO allotment ratio in investor categories i.e. Retail, NII, QIB, Employee and Shareholders. You could find the answer to questions like; why I didn't get IPO allotment in Wonder Fibromats IPO? or what is the Wonder Fibromats IPO allotment ratio?

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