(This is only an advertisement for Informalinn purpose.
This is not a Prospectus announcement and does not constitute an invitation or offer to
acquire, purchase or subscribe for securities. Not for publication or distribution,
directly or indirectly outside India.)
SIRCA PAINTS INDIA LIMITED
(CIN-U24219DL2006PLC145092)
Our Company was originally incorporated at New Delhi as' Sircolor
Wood Coatings Private Limited' on 19th January, 2006 under the provisions of the Companies
Act 1956. Thereafter, the Name of the Company was changed to "Sirca Paints India
Private Limited" vide fresh certificate of incorporation dated 3rd May, 2017 issued
by the Registrar of Companies, Delhi. Consequently, the name of the Company was changed to
"Sirca paints India Limited" vide fresh certificate of incorporation dated 17th
January, 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 Corporate
Structure" beginning on pages 52 and page 156 respectively of the Prospectus.
Registered Office: 504, NDM-II, Netaji Subhash Place Wazirpur,
Pitampura New Delhi-110034, Delhi, India Tel No.: +91 11 42083083, +91 11 47533213; Email:
admin@sircapaints.com; Website: www.sircapaints.com ;
Contact Person; Mr. Chahat Mahajan, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: MR. SANJAY AGARWAL, MR. APOORV AGARWAL
& MR. GURJIT SINGH BAINS
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF48,69,600 EQUITY
SHARES OF FACE VALUE OF RS 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 160/- PER
EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS.150 PER EQUITY
SHARE ) AGGREGATING RS 7791.36 LAKHS (THE "ISSUE") OF WHICH 2,44,000
EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS 160/- PER EQUITY
SHARE, AGGREGATING RS.390.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER
TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET
MAKER RESERVATION PORTION I.E ISSUE OF 46,25,600 EQUITY SHARES OF FACE VALUE OF RS. 10/-
EACH FOR CASH AT A PRICE OF RS. 160/- PER EQUITY SHARE, AGGREGATING RS. 7400.96 LAKHS IS
HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 26.65% and 25.32% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY
SHARE CAPITAL OF OUR COM PANY.
Risks to Investors:
I. As on date of the Prospectus, the average cost of acquisition per Equity Share by
our Promoters viz. Mr. Sanjay Agarwal is Rs 0.96/-, Mr. Apoorv Agarwal is 0.33/-. And Mr.
Gurjit Singh Bains is Rs 0.89/- respectively
II. This being the first public Issue of our Company, there has been no formal market
for the Equity Shares. The face value of the Equity Shares is Rs. 10 each. The Floor Price
was l5.10 times the face value and the Cap Price was 16.00 times the face value. The Issue
Price (determined and justified by our Company in consultation with the BRLM as stated in
"Basis for Issue Price" on page 98 of the Prospectus should not be taken to be
indicative of the market price of the Equity Shares after the Equity Shares are listed. No
assurance can be given regarding an active or sustained trading in the Equity Shares or
regarding the price at which the Equity Shares will be traded after listing.
All Investors except Anchor Investors have participated in this Issue through ASBA
process. For details In this regards, specific attention is invited to chapter "Issue
Procedure" on page261 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH
THE ISSUE PRICE IS RS. 160/- AND IS 16.00 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: WEDNESDAY, MAY 16, 2018 AND CLDSED ON: TUESDAY MAY 22, 2018
*THE ANCHOR INVESTOR BID/ISSUE PERIOD WAS TUESDAY, MAY15, 2018
In terms of Rule 19(2) (b)(i) of the Securities Contracts (Regulation) Rules, 1957, as
amended (the "SCRR") the Issue is being made for at least 25% of the post- Issue
paid-up Equity Share capital of our Company wherein 49.69% of the Net Issue was available
for allocation on a proportionate basis to QIBs. provided that our Company, in
consultation with the BRLM allocated upto 59.62% of the QIB Portion to Anchor Investors on
a discretionary basis after adjusting lot size. One-third of the Anchor Investor Portion
was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic
Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-
subscription in the Anchor Investor Portion, the remaining Equity Shares was added to the
QIB Portion.
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
(excluding Anchor Investor Portion) was available for allocation on a proportionate basis
to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or
above the Issue Price, in the event the aggregate demand from Mutual Funds is less than as
specified above, the balance Equity Shares available for Allotment in the Mutual Fund
Portion will be added to the QIB Portion and allocated proportionately to the QIB Bidders
(other than Anchor Investors) in proportion to their Bids. Further 15.12% of The Net Issue
was available for allocation on a proportionate basis to Non institutional Bidders and
35.19% of the Net Issue was available for allocation on a proportionate basis to Retail
individual Bidders, subject to valid Bids being received at or above the Issue Price. For
further details, please refer to the chapter titled "Issue Procedure' on page 261 of
Prospectus.
The Equity Shares of our Company issued through the Prospectus are proposed to be
listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE')
in terms of the Chapter XB of the-SEBI (ICDR) Regulations, 2009 as amended from time to
time. Our Company has received an approval letter dated 6th April, 2018 from NSE EMERGE
for using its name in the issue document for listing of our shares on the EMERGE Platform
of National Stock Exchange of India Limited. For the purpose of this issue, EMERGE
Platform of the National Stock Exchange of India Limited shall be the Designated Stock
Exchange.
SUBSCRIPTION DETAILS
The Issue has received 18,873 applications for 3,84,91,200 Equity shares (Before
Technical Rejections. Multiple Rejections, bids not banked and invalid duplicate bids)
including Market Maker Application of 2,44,000 Equity Shares. 867 applications of
aggregating 12,40,000 Equity Shares were not banked and 25 applications of aggregating
20,000 Equity Shares were found invalid duplicate bids. The Issue was subscribed to the
extent of 10.64 times(excluding Anchor Investor Portion and after removing multiple and
duplicate bids) as per the bid books of NSE. After considering the technical rejections
cases, the issue was subscribed 10.59 times. The details of application received (Before
Technical Rejection and Multiple Rejections but after bids not banked and invalid
duplicate bids)
Category |
No. of
Applications |
Number of
Equity Shares |
SUBSCRIPTION |
Market Makers |
1 |
2,44,000 |
1.00 |
Retail Individual Investors |
17773 |
1,42,18,400 |
8.73 |
Non Institutional Investors |
205 |
2,16,18,400 |
30.92 |
Qualified Institutional Buyer (Excluding Anchor Investors) |
2 |
11,50,400 |
1.24 |
Anchor Investors |
3 |
21,88,800 |
1 60 |
TOTAL |
17984 |
3,94,20,000 |
8.10 |
The details of applications rejected by the Registrar on technical grounds are detailed
below:
Category |
No. of
Applications |
Number of
Equity Shares |
Market Makers |
Nil |
Nil |
Retail Individual Investors |
196 |
1,56,800 |
Non Institutional Investors |
6 |
23,200 |
TOTAL |
202 |
1,80,000 |
Details of the Valid Applications Received (After technical Rejections):
Category |
No. of
Applications |
Number of
Equity Shares |
Subscription |
Market Makers |
1 |
2,44,000 |
1.00 |
Retail individual Investors |
17577 |
1,40,61,600 |
8.64 |
Non Institutional Investors |
199 |
2,15,95,200 |
30.89 |
Qualified institution Buyers (Excluding Anchor Investors) |
2 |
11,50,400 |
1.24 |
Anchor investors |
3 |
21,88,800 |
1.60 |
TOTAL |
17782 |
3,92,40,000 |
8.06 |
Final Demand
Sr No |
Bid
Price |
No of Equity
Shares Bid for |
% to
total |
Cumulative
total |
% of
Cumulative total |
1. |
151.00 |
16,000 |
0.04% |
16,000 |
0.04% |
2. |
152.00 |
1600 |
0.00% |
17,600 |
0.05% |
3 |
153.00 |
800 |
0.00% |
18,400 |
0.05% |
4. |
154.00 |
- |
- |
18,400 |
0.05% |
5. |
155.00 |
4000 |
0.01% |
22,400 |
0.06% |
6. |
156.00 |
- |
- |
22,400 |
0.06% |
7. |
157.00 |
- |
- |
22,400 |
0.06% |
8. |
158.00 |
1600 |
0.00% |
24,000 |
0.06% |
9. |
159.00 |
1600 |
0.00% |
25,600 |
0.07% |
10. |
160.00 |
3,35,20,800 |
87.09% |
3,35,46,400 |
87.16% |
11. |
Cut-Off |
49,44,800 |
12.85% |
3,84,91,200 |
100% |
|
Total |
3,84,91,200 |
100.00 |
|
|
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange-EMERGE Platform of the National Stock Exchange of India
Limiled on May 25, 2018.
A. Allocation to Market Maker (After Technical Rejections and Multiple
Rejections) :The Basis of Allotment to the Market Maker, at the issue price of
Rs.160/- per Equity Share, was finalized In consultation with National Stock Exchange of
India Limited. The category was subscribed by 1.00 times.The total number of shares
allotted in tins category is 2,44.000 Equity shares in full out of reserved portion of
2,44,000 Equity Shares.
B Allocation to Retail Individual Investors (Alter Technical Rejections and
Multiple Rejections): The Basis of Allotment to the Retail Individual Investors,
at the issue price of Rs.160/- per Equity Share, was finalized in consultation witn
National Stock Exchange of India Limited. The category was subscribed by 8.64 times. Total
number of shares allotted in this category is 16,28,000 Equity Shares. The category wise
basis of allotment is as under:
No. of Shares
Applied for
(Category
wise) |
No of
Applications
received |
% to
total |
Total No
Equity Shares
applied |
% to
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)] |
800 |
17577 |
100.00 |
1,40,61,600 |
100 |
16,28,000 |
92.62 |
800 |
11:95 |
16,28,000 |
- |
C. Allocation to Non Institutional Investor (After Technical Rejection and
Multiple Rejections): The Basis of Allotment to Non Institutional Investors, at
the issue price of Rs 160/- per equity Share, was finalized in consultation with National
Stock Exchange of India Limited.
The category was subscribed by 30 89 times, Total number of shares allotted in this
category is 6.99,200 Equity Shares. The category wise basis of allotment is as under:
No. of Shares
Applied for
(Category
wise) |
No of
Applications
received |
%
to total |
Total No of
Equity Shares
applied in
this Category |
% to
total |
Proportionate
Shares
Available |
Allocation
per Applicant
(Before
Rounding Off) |
Allocation
per Applicant
(After
Rounding Off) |
Ratio of
Allottees
to
Applicant |
Total No. of
Equity
Shares
allocated/
allotted |
No of
Shares
Surplus/
(Deficit) |
1,600 |
35 |
17.59 |
56,000 |
0.26 |
1,813 |
51.80 |
800 |
2:35 |
1,600 |
213 |
2,400 |
15 |
7.54 |
36,000 |
0.17 |
1,166 |
77.73 |
800 |
1:15 |
800 |
366 |
3,200 |
13 |
6.53 |
41,600 |
0.19 |
1,347 |
103.62 |
800 |
2:13 |
1,600 |
(253) |
4,000 |
5 |
2.51 |
20,000 |
0.09 |
648 |
129.60 |
800 |
1:5 |
800 |
(152) |
4,800 |
5 |
2.51 |
24,000 |
0.11 |
777 |
155.40 |
800 |
1:5 |
800 |
(23) |
5,600 |
14 |
7.04 |
78,400 |
0.36 |
2,538 |
181.29 |
800 |
3:14 |
2,400 |
138 |
6,400 |
8 |
4.02 |
51,200 |
0.24 |
1,658 |
207.25 |
800 |
1:4 |
1,600 |
58 |
7,200 |
4 |
2.01 |
28,800 |
0.13 |
932 |
233.00 |
800 |
1:4 |
800 |
132 |
8,000 |
5 |
2.51 |
40,000 |
0.19 |
1,295 |
259.00 |
800 |
2:5 |
1,600 |
(305) |
8,800 |
2 |
1.01 |
17,600 |
0.08 |
570 |
285.00 |
800 |
1:2 |
800 |
(230) |
9,600 |
1 |
0.50 |
9,600 |
0.04 |
311 |
311.00 |
800 |
1:1 |
800 |
(489) |
10,400 |
1 |
0.50 |
10,400 |
0.05 |
337 |
337.00 |
800 |
1:1 |
800 |
(463) |
12,000 |
3 |
1.51 |
36,000 |
0.17 |
1,166 |
388.67 |
800 |
1:3 |
800 |
366 |
12,800 |
2 |
1.01 |
25,600 |
0.12 |
829 |
414.50 |
800 |
1:2 |
800 |
29 |
13,600 |
1 |
0.50 |
13,600 |
0.06 |
440 |
440.00 |
800 |
1:1 |
800 |
(360) |
14,400 |
1 |
0.50 |
14,400 |
0.07 |
456 |
466.00 |
800 |
1:1 |
800 |
(334) |
15,200 |
1 |
0.50 |
15,200 |
0.07 |
492 |
492.00 |
800 |
1:1 |
800 |
(308) |
16,000 |
4 |
2.01 |
64,000 |
0.30 |
2.072 |
518.00 |
800 |
3:4 |
2,400 |
(328) |
16,800 |
1 |
0.50 |
16,800 |
0.08 |
644 |
544.00 |
800 |
1:1 |
800 |
(256) |
17,600 |
1 |
0.50 |
17,600 |
0.08 |
570 |
570.00 |
800 |
1:1 |
800 |
(230) |
18,400 |
2 |
1.01 |
36,800 |
0.17 |
1.191 |
595.50 |
800 |
1:2 |
800 |
391 |
20,000 |
2 |
1.01 |
40,000 |
0.19 |
1.295 |
647.50 |
800 |
1:1 |
1,600 |
(305) |
20,800 |
1 |
0.50 |
20,800 |
0.10 |
673 |
673.00 |
800 |
1:1 |
800 |
(127) |
21,600 |
1 |
0.50 |
21,600 |
0.10 |
699 |
699.00 |
800 |
1:1 |
800 |
(101) |
22,400 |
1 |
0.50 |
22,400 |
0.10 |
725 |
725.00 |
800 |
1:1 |
800 |
(75) |
24,000 |
4 |
2.01 |
96,000 |
0.44 |
3,103 |
777.00 |
800 |
1:1 |
3,200 |
(92) |
24,800 |
2 |
1.01 |
49,600 |
0.23 |
1.606 |
803.00 |
800 |
1:1 |
1,600 |
6 |
25,600 |
1 |
0.50 |
25,600 |
0.12 |
329 |
829.00 |
800 |
1:1 |
800 |
29 |
26,400 |
1 |
0.50 |
26,400 |
0.12 |
955 |
855.00 |
800 |
1:1 |
800 |
55 |
29,600 |
1 |
0.50 |
29,600 |
0.14 |
953 |
958.00 |
800 |
1:1 |
800 |
158 |
31,200 |
1 |
0.50 |
31,200 |
0.14 |
1.010 |
1,010.00 |
800 |
1:1 |
800 |
210 |
32,000 |
3 |
1.51 |
96,000 |
0.44 |
3.103 |
1,036.00 |
800 |
1:1 |
2,400 |
708 |
36,000 |
1 |
0.50 |
36,000 |
0.17 |
1.166 |
1,166.00 |
800 |
1:1 |
800 |
366 |
36,800 |
1 |
0.50 |
36,800 |
0.17 |
1.191 |
1,191.00 |
800 |
1:1 |
800 |
391 |
37,600 |
2 |
1.01 |
75,200 |
0.35 |
2.455 |
1,217.50 |
800 |
1:1 |
1,600 |
835 |
800 |
1:2 |
800 |
(800) |
40,000 |
1 |
0.50 |
40,000 |
0.19 |
1,295 |
1,295.00 |
1,600 |
1:1 |
1,600 |
(305) |
40,800 |
1 |
0.50 |
40,800 |
0.19 |
1,321 |
1,321 00 |
1,600 |
1:1 |
1,600 |
(279) |
41,600 |
1 |
0.50 |
41,600 |
0.19 |
1,347 |
1,347.00 |
1,600 |
1:1 |
1,600 |
(253) |
56,000 |
1 |
0.50 |
56,000 |
0.26 |
1,813 |
1,813.00 |
1,600 |
1:1 |
1,600 |
213 |
60,800 |
1 |
0.50 |
60,800 |
0.28 |
1,969 |
1,969.00 |
1,600 |
1:1 |
1,600 |
369 |
62,400 |
5 |
2.51 |
3,12,000 |
1.44 |
10,102 |
2,020.40 |
1,600 |
1:1 |
8,000 |
2,102 |
800 |
3:5 |
2,400 |
(2,400) |
63,200 |
1 |
0.50 |
63,200 |
0.29 |
2,046 |
2,046.00 |
2,400 |
1:1 |
2,400 |
(354) |
64,000 |
1 |
0.50 |
64,000 |
0.30 |
2,072 |
2,072.00 |
2,400 |
1:1 |
2,400 |
(328) |
64,800 |
1 |
0.50 |
64,800 |
0.30 |
2,098 |
2,098.00 |
2,400 |
1:1 |
2,400 |
(302) |
65,600 |
1 |
0.50 |
65,600 |
0.30 |
2,124 |
2,124.00 |
2,400 |
1:1 |
2,400 |
(276) |
66,400 |
1 |
0.50 |
66,400 |
0.31 |
2,150 |
2,150.00 |
2,400 |
1:1 |
2,400 |
(250) |
67,200 |
1 |
0.50 |
67,200 |
0.31 |
2,176 |
2,176.00 |
2,400 |
1:1 |
2,400 |
(224) |
68,000 |
1 |
0.50 |
68,000 |
0.31 |
2,202 |
2,202.00 |
2,400 |
1:1 |
2,400 |
(198) |
68,800 |
1 |
0.50 |
68,800 |
0.32 |
2,228 |
2,228.00 |
2,400 |
1:1 |
2,400 |
(172) |
72,800 |
1 |
0.50 |
72,800 |
0.34 |
2,357 |
2,357.00 |
2,400 |
1:1 |
2,400 |
(43) |
74,400 |
1 |
0.50 |
74,400 |
0.34 |
2,409 |
2,409.00 |
2,400 |
1:1 |
2,400 |
9 |
77,600 |
3 |
1.51 |
2,32,800 |
1.08 |
7,538 |
2,512. 67 |
2,400 |
1:1 |
7,200 |
338 |
80,000 |
1 |
0.50 |
80,000 |
0.37 |
2,590 |
2,590.00 |
2,400 |
1:1 |
2,400 |
190 |
84,000 |
1 |
0.50 |
84,000 |
0.39 |
2,720 |
2,720.00 |
2,400 |
1:1 |
2,400 |
320 |
90,400 |
1 |
0.50 |
90,400 |
0.42 |
2,927 |
2,927.00 |
2,400 |
1:1 |
3,200 |
(273) |
94,400 |
1 |
0.50 |
94,400 |
0.44 |
3,056 |
3,056.00 |
3,200 |
1:1 |
3,200 |
(144) |
96,000 |
1 |
0.50 |
96,000 |
0.44 |
3,108 |
3,108.00 |
3,200 |
1:1 |
3,200 |
(92) |
1,08,000 |
1 |
0.50 |
1,08,000 |
0.50 |
3,497 |
3,497.00 |
3,200 |
1:1 |
3,200 |
297 |
1,24,800 |
1 |
0.50 |
1,24,800 |
0.58 |
4,041 |
4,041.00 |
4,000 |
1:1 |
4,000 |
41 |
1,28,800 |
1 |
0.50 |
1,28,800 |
0.60 |
4,170 |
4,170.00 |
4,000 |
1:1 |
4,000 |
170 |
1,56,000 |
1 |
0.50 |
1,56,000 |
0.72 |
5,051 |
5,051.00 |
4,800 |
1:1 |
4,800 |
251 |
2,40,000 |
1 |
0.50 |
2,40,000 |
1.11 |
7,771 |
7,771.00 |
8,000 |
1:1 |
8,000 |
(229) |
2,49,600 |
1 |
0.50 |
2,49,600 |
1.16 |
8,081 |
8,081.00 |
8,000 |
1:1 |
8,000 |
81 |
2,81,600 |
1 |
0.50 |
2,81,600 |
1.30 |
9,118 |
9,118.00 |
8,800 |
1:1 |
8,000 |
318 |
3,12,000 |
1 |
0.50 |
3,12,000 |
1.44 |
10,102 |
10,102.00 |
10,400 |
1:1 |
10,400 |
(298) |
3,76,000 |
1 |
0.50 |
3,76,000 |
1.74 |
12,174 |
12,174.00 |
12,000 |
1:1 |
12,000 |
174 |
4,05,600 |
1 |
0.50 |
4,05,600 |
1.88 |
13,132 |
13,132.00 |
12,800 |
1:1 |
12,800 |
332 |
4,71,200 |
1 |
0.50 |
4,71,200 |
2.18 |
15,256 |
15,256.00 |
15,200 |
1:1 |
15,200 |
56 |
5,00,000 |
1 |
0.50 |
5,00,000 |
2.32 |
16,189 |
16,189.00 |
16,000 |
1:1 |
16,000 |
189 |
6,24,800 |
4 |
2.01 |
24,99,200 |
11.57 |
80,918 |
20,229.50 |
20,000 |
1:1 |
80,000 |
918 |
800 |
1:4 |
800 |
(800) |
8,00,000 |
1 |
0.50 |
8,00,000 |
3.70 |
25,902 |
25,902.00 |
25,600 |
1:1 |
25,600 |
302 |
9,36,800 |
2 |
1.01 |
18,73,600 |
8.68 |
60,663 |
30,331.50 |
30,400 |
1:1 |
60,800 |
(137) |
12,49,600 |
2 |
1.01 |
24,99,200 |
11.57 |
80,918 |
40,459.00 |
40,000 |
1:1 |
80,000 |
918 |
800 |
1:2 |
800 |
(800) |
12,80,000 |
1 |
0.50 |
12,80,000 |
5.93 |
41,443 |
41,443.00 |
49,800 |
1:1 |
40,800 |
643 |
15,62,400 |
2 |
1.01 |
31,24,800 |
14.47 |
1,01,173 |
50,586.50 |
50,400 |
1:1 |
1,00,800 |
373 |
30,00,000 |
1 |
0.50 |
30,00,000 |
13.89 |
97,133 |
97,133.00 |
96,800 |
1:1 |
96,800 |
333 |
TOTAL |
199 |
100 |
2,15,95,200 |
100 00 |
6,99,200 |
|
|
|
6,99,200 |
0 |
D. Allocation to Qualified Institutional Investor (Excluding Anchor Investors
and After Technical Rejection and multiple rejections)
Allotment to QIBs, who have bid at the Issue Price of 160/- per Equity Share, has been
done on a proportionate basis in consultation with the NSE. This category has been
subscribed to the extent of 1.24 times of Net QIB portion. As per the SEBI
Regulations, Mutual Funds were to be allotted 5% of the Equity Shares of Net QIB portion
available i.e. 46,400 Equity Shares, however no application from Mutual Funds has been
received and accordingly 46,400 equity shares has been spilled over to other QIBs and
9,28,000 Equity Shares were allotted to QIBs to 2 applicants against total application of
11,50,400 Equity Shares.
The category-wise details of the Basis of Allotment are as under:
Category |
Fls/Banks |
MF's |
ICs |
NBFC |
AIF |
Fll |
Others |
Total |
QIB |
- |
- |
- |
2,42,400 |
- |
6,85,600 |
- |
9,28,000 |
E. Allocation to Anchor Investors
Our Company in consultation with the BRLM have allocated 13,70,400 Equity Shares to 3
Anchor Investors at the Anchor Investor issue Price of Rs. 160/- per Equity Share in
accordance with SEBIICDR Regulations. This represents 59.62% of the QIB Portion after
adjusting Lot size:
Category |
Fls/Banks |
MF's |
ICs |
VCs |
AIF |
Fll |
FPC |
Total |
Anchor |
- |
- |
|
3,37,600 |
10,32,800 |
- |
- |
13,70,400 |
The Board of Directors of the Company at its meeting held on May 26, 2018 has taken on
record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange
viz. National Stock Exchange of India Limited and authorized corporate action for
allotment of shares in dematerialized form to various successful applicants.
The Allotment cum refund advice and/or notices will be dispatched to the address of the
Applicants as registered with the depositories. Further, the instructions to SCSBs will be
issued on or before May 28, 2018 for unblocking of funds.The Equity Shares allocated 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 theEMERGE Platform of the National Stock Exchange of India Limited within six
working days from the date of the closure of the Issue. The trading is proposed to
commence on or before May 30, 2018 subject to receipt of listing and trading approvals
from NSE.
INVESTORS PLEASE NOTE
The details of the allotment made will he hosted on the website of the Registrar to the
Issue at www.karisma.karvy.com All future
correpondenc in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli. Financial District, Nanakramguda.
Hyderabad 500 032
Tel: +91 40 6716 2222 Fax: + 91 40 2343 1551 Websile:
www.karisma.karvy.com Email: sircapaints.ipo@karvy.com
Contact Person: Mr. M Murali Krishna
Date: May 28, 2016
Place: Delhi |
For Sirca Paints India Limited
On behalf of the Board of Directors
sd/-
Sanjay Agarwal
Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES OR LISTING OR THE BUSINESS PROSPECTS OF SIRCA PAINTS INDIA
LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Prospectus. |