|Basis of Allotment|
is a public announcement for information purposes only and is not a prospectus
announcement. This does not constitute an invitation or offer to acquire, purchase or
subscribe for securities. Not for publication or distribution, directly or indirectly,
CAPACIT'E INFRAPROJECTS LIMITED
Our Company was originally incorporated as a private limited company at Mumbai under the name of "Capacit'e Infraprojects Private Limited" under the Companies Act, 1956 and received a certificate of incorporation dated August 9,2012, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC"). Subsequently, upon conversion from a private limited company to a public limited company, the name of our Company was changed to "Capacit'e Infraprojects Limited" and it received a fresh certificate of incorporation dated March 21, 2014 from the RoC.
Registered and Corporate Office: 605-607, Shrikant Chambers, Phase-1,6th Floor, Adjacent to R. K. Studios, Sion-Trombay Road, Mumbai 400 071, Maharashtra, India. Telephone: +91 (22) 7173 3717; Facsimile: +91 (22) 7173 3733
For details regarding changes to the name of our Company and address of
the registered office of our Company, please see "History and Certain Corporate
Matters" on page 151 of the Prospectus ("Prospectus")
PROMOTERS OF OUR COMPANY: MR. ROHIT R. KATYAL, MR. RAHUL R. KATYAL AND MR. SUBIR MALHOTRA
BASIS OF ALLOTMENT
Our Company has filed the Prospectus with the Registrar of Companies, Maharashtra, located at Mumbai on September 19, 2017 and the Equity Shares are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on September 25, 2017.
INITIAL PUBLIC OFFERING OF 16,000,000 EQUITY SHARES OF FACE VALUE RS 10 EACH ("EQUIT YSHARES") OF CAPACIT'E INFRAPROJECTS LIMITED ("COMPANY") FOR CASH AT A PRICE OF RS 250 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 240 PER EQUITY SHARE, AGGREGATING TO RS 4,000 MILLION (THE "ISSUE"). THE ISSUE CONSTITUTES TO 23.57% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE ISSUE PRICE: RS 250 PER EQUITY SHARE
Risks to Investors:
i. The 3 BRLMs associated with the Issue have handled 28 public issues in the past
three years out of which 9 issues closed below the issue price on listing date.
In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957, as amended, read with Regulation 41 of the ICDR Regulations, the Issue was made through the Book Building Process, in reliance on Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Issue were available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIB Portion"). Our Company in consultation with the BRLMs, allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subjectto valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue was available for allocation to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accounts which was blocked by the Self Certified Syndicate Banks ("SCSBs"), to participate in the Issue. Anchor Investors were not permitted to participate in the Issue through theASBAprocess. For details, please see "Issue Procedure" on page 368 of the Prospectus. The Issue received 1,383,514 Applications for 2,084,926,080 Equity Shares (before technical rejections and after removing duplicate and multiple bids) resulting in 130.31 times subscription. The details of the Applications received in the Issue from various categories are as under (Before technical rejections):
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being BSE on September 20,2017.
B. Allotment to Non Institutional Investors (After Technical Rejections) (sample)
The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Issue Price of Rs 250 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 646.2088 times. The total number of Equity Shares Allotted in this category is 24,00,000 Equity Shares to 752 successful applicants. The category-wise details of the Basis of Allotment are as under (Sample):
C. Allotment to QIBs (After Technical Rejections)
D. Allotment to Anchor Investors
The Board of Directors of the Company at its meeting held on September 21,2017, has approved the Basis of Allotment of the Equity Share approved by the Designated Stock Exchange, being BSE and Allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-Refund Intimations are being dispatched to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks for unblocking of funds and transfer of monies to the Public Issue Account, as applicable have been issued on September 21,2017 and payment instructions to non-Syndicate brokers have been issued on September 22, 2017. The Equity Shares Allotted to the successful Applicants have been uploaded on September 21, 2017 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. In case the unblocking of funds or credit of shares is not received within six working days, investors may contact the Registrar to the Issue at the address given below. The Company has filed the Listing application with BSE and NSE on September 21,2017. The Company as received listing and trading Approvals form BSE and NSE on September 22,2017and the trading will commence on September 25,2017.
Note: All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Prospectus.
These details of the Allotment made shall be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at 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 Bidder, Serial number of the Bid cum Application Form, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:
KARVY COMPUTERSHARE PRIVATE LIMITED
CORRIGENDUM NOTICE TO INVESTORS
In the page 84 of the Red Herring Prospectus dated August 31,2017, the details under '3. Details of Equity Share Capital locked-in for one year' shall be read as following; "Except for (a) the Promoters' Contribution, which shall be locked-in as above, and (b) 1,084,741 shares held by Paragon shall be locked in till October 21,2017 and (c) 7,051,562 Equity Shares held by Paragon, which shall not be locked in, the entire pre-lssue capital of our Company shall be locked in for a period of one year from the date of Allotment as prescribed under the ICDR Regulations". The above has been updated in page 83 of Prospectus.
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 CAPACIT'E INFRAPROJECTS LIMITED.