|Basis of Allotment|
(This is only an advertisement for information purpose not a prospectus announcement)
V-MART RETAIL LIMITED
(V-Mart Retail Limited was originally incorporated as Varin Commercial Private Limited under the Companies Act, 1956 vide certificate of incorporation dated July 24, 2002 issued by the Registrar of Companies, West Bengal.. For details of changes in name of the Company and its registered office, see the chapter titled" General Information and "History and Other Corporate Matters on page 42 and 153 respectively of the Prospectus dated February 8, 2013 (the "Prospectus")).
Registered Office: F-11, Udyog Nagar Industrial Area, Peeragarhi,
Rohtak Road, New Delhi -110 041;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 4,496,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH OF V-MART RETAIL LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.210 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.200 PER EQUITY SHARE) AGGREGATING TO RS.944.16 MILLION (THE "ISSUE") COMPRISING OF A FRESH ISSUE OF 2,761,000 EQUITY SHARES BY OUR COMPANY AGGREGATING TO RS.579.81 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 1,735,000 EQUITY SHARES (THE "OFFER FOR SALE") BY NAMAN FINANCE AND INVESTMENT PRIVATE LIMITED (THE "SELLING SHAREHOLDER") AGGREGATING TO RS.364.35 MILLION. THE ISSUE WILL CONSTITUTE 25.04% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS.210 PER EQUITY
SHARE AND IS 21 TIMES THE FACE VALUE OF THE EQUITY SHARE.
In terms of Rule 19(2) (b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended read with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended,("SEBI (ICDR) Regulations") wherein 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Company and Selling Shareholder in consultation with the BRLM, allocated 30% of the QIB Portion to Anchor Investors at the Anchor Investor Price on a discretionary basis. Such number of Equity Shares representing 5% of the Net QIB Portion were made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion were made available for allocation on a proportionate basis to all QIB Bidders subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders as per the mechanism provided under the heading 'Basis of Allotment or Allocation - For Retail Individual Bidders' on page 353 of the Prospectus, subject to valid Bids being received from them at or above the Issue Price.
The Issue received 12349 applications for 5460642 equity shares resulting in 1.2146 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Bidders, Retail Individual Bidders and Anchor Investors are as under: (Before technical rejections)
A summary of the final demand as per BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") as on the Bid/Issue Closing Date at different bid prices is as under:
The Basis of Allotment was finalized in consultation with BSE, being the Designated Stock Exchange, on Febmaiy 14,2013 and was approved by the IPO Committee of Board of
The Basis of Allotment to the Retail Individual Bidders, who have bid at Cut-off Price or at the Issue Price of Rs. 210 per Equity Share or higher, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.7281 times. The total number of Equity Shares allocated in the Retail Individual Bidder category is 1145760 Equity Shares allocated to 11963 successful applicants. The category-wise details of the Basis of Allotment are as under:
C. Allocation to QIBs (after technical rejections) (Including
ASBA applications) (Excluding Anchor Investor Portion)
D. Allocation to Anchor Investors
The Company Allotted 674400 Equity Shares to 2 Anchor Investors in consultation with the selling shareholder and the BRLM who have bid atthe Issue Price of Rs 210. This represents 30% of the QIB Portion.
The IPO Committee of Board of Directors of the Company at its meeting held on February 14, 2013 has taken on record the Basis of Allotment of Equity Shares in the Issue, as approved by BSE (being the Designated Stock Exchange), and has authorized the corporate action for Allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice and/ or notices have been dispatched to the address of the investors as registered with the Depositories. Further the instructions to the SCSBs have been dispatched/mailed on 14.02.2013. In case the same is not received within 10 days, investors may contact the Registrar to the Issue atthe address given below. The refund orders have been over-printed with the bank account details as registered, if any, with the Depositories.
Commencement of Trading: The Equity Shares Allotted to successful applicants
have been credited on 15.02.2013 to the beneficiary accounts of such applicants, subject
to validation of the account details with the Depositories concerned. Our Company is
taking steps for completion of the necessary formalities to get the Equity Shares admitted
for trading on BSE and NSE within 12 Working Days from the Bid/Issue Closing Date and the
trading is expected to commence on February 20,2013.
The details of the Allotment made would be hosted on the website of the Registrar to
the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com
For V-Mart Retail Limited
Place : New Delhi
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF V-MART RETAIL LIMITED
"V-Mart Retail Limited (the "Company") has filed the Prospectus with the Registrar of Companies, Capital Territory of Delhi and Haryana. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Company at www.vmart.co.in as well as on the website of Anand Rathi Advisors Limited, the Book Running Lead Manager at www.rathi.com. Investors should note that investment in Equity Shares involves a high degree of risk. For details, please refer to and rely on the Prospectus including the chapter titled "Risk Factors" of the Prospectus." Please note that non-residents including alternative investment funds registered with SEBI and containing funds from foreign investors, Foreign Venture Capital Investors, Foreign Institutional Investors, Qualified Foreign Investors, Non Resident Indians, multilateral and bilateral development financial institutions have not been permitted to participate in this Issue.