March 28, 2013 - April 4, 2013

Ashapura Intimates Fashion IPO Basis of Allotment

ashapura intimates fashion limited

Our Company was incorporated as Ashapura Apparels Private Limited on July 17,2006 at Mumbai as a private limited company under the Companies Act, 1956. Pursuant to a special resolution passed by the shareholders at an extra-ordinary general meeting held on October 18,2012, the name of our Company was changed to Ashapura Intimates Fashion Private Limited and a certificate of change of name was issued by Registrar of Companies, Mumbai, Maharashtra on November 9,2012. Further, pursuant to a special resolution passed by our shareholders at an extra-ordinary general meeting held on December 1,2012 our Company was converted into a public limited company and the word "private" was deleted from its name. Consequently, the name of our Company was changed to Ashapura Intimates Fashion Limited and a certificate of change of name was issued by Registrar of Companies, Mumbai, Maharashtra on December 19,2012. For details of changes in our constitution, name and registered office, please see the chapter titled "History and Certain Corporate Matters" on page no. 110 of the Prospectus.
Registered Office: Unit No. 3-4, Ground Floor, Pacific Plaza, Plot No. 570, TPS IV, Off Bhawani Shankar Road,
Mahim Divison, Dadar (West), Mumbai - 400 028, Maharashtra, India;
Tel: +9122 24331552/3, Fax: +9122 24331552/3.
Company Secretary and Compliance Officer: Ms. Sonali K. Gaikwad;
Website: www.valentineloungeweargroup.com; E-Mail: ipo@valentineloungeweargroup.com
PROMOTER OF THE COMPANY: MR. HARSHAD H. THAKKAR

PUBLIC ISSUE OF 52,50,000 EQUITY SHARES OF RS.10 EACH OF ASHAPURA INTIMATES FASHION LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.40 PER EQUITY SHARE (INCLUDING A SECURITIES PREMIUM OF RS.30 PER EQUITY SHARE) AGGREGATING TO RS.2,100 LACS (THE "ISSUE"), OF WHICH, 2,64,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE CHAPTER TITLED "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 49,86,000 EQUITY SHARES OF RS.10 EACH IS HEREINAFTER REFERED TO AS THE "NET ISSUE"THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.97% AND 25.61% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS BEING A FIXED PRICE ISSUE, AS PER SUB-REGULATION (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME ("SEBI (ICDR) REGULATIONS"), OUT OF THE NET ISSUE OF 49,86,000 EQUITY SHARES, MINIMUM 50% OF THE NET ISSUE BEING 24,93,000 SHALL BE AVAILABLE FOR ALLOTMENTTO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING 50% TO OTHER APPLICANTS IRRESPECTIVE OF THE NUMBER OF EQUITY 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. THE MINIMUM APPLICATION SIZE IS RS.1,20,000.

THE ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS ("SME ISSUE").
This being a Fixed Price Issue and in terms of Prospectus dated March 18, 2013 and as per Regulation 43(4) of SEBI (ICDR) Regulations wherein a minimum of 50% of the Net Offer to Public shall be made available to Retail Individual Investors. The balance of Net Offer to Public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies/ institutions irrespective of no.of shares applied for. The unsubscribed portion of the Net Offer to Public to any one of the categories specified in (a) or (b) shall / may be made available for allocation in any other category, if so required. Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, if the retail individual investor is entitled to more than fitly percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF EQUITY SHARES IS RS.10. THE ISSUE PRICE IS RS.40. THE ISSUE PRICE IS 4 TIMES OF THE FACE VALUE. MINIMUM APPLICATION SIZE OF 3,000 EQUITY SHARES AND IN MULTIPLES OF 3,000 EQUITY SHARES THEREAFTER

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of Chapter XB of SEBI (ICDR) Regulations, we are not required to obtain any in principle listing approval for the Equity Shares being offered in this Issue. However, our Company has received an approval letter dated March 13,2013 from BSE Limited for using its name in the Prospectus for listing our shares on the SME Platform of the BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited.
All applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicated Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue has received 384 applications for 66,51,000 Equity Shares (excluding application from Market Maker for 2,64,000 Equity Shares) resulting 1.3339 times subscription before considering the technical rejection cases. After considering the technical rejection cases of 6 applications of 45,000 Equity Shares, the Issue was subscribed 1.3249 times.
The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejections & withdrawal of applications):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	2,64,000	1.0000
Non-Institutional Investors	96	57,87,000	2.3213
Retail Individual Investors	288	8,64,000	0.3466
TOTAL	385	69,15,000	1.3171

Detail of the Applications Received (After Technical Rejections & withdrawal):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	2,64,000	1.0000
Non-Institutional Investors	93	57,51,000	2.3069
Retail Individual Investors	285	8,55,000	0.3430
TOTAL	379	68,70,000	1.3086

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 10,2013.

A. Allocation to Market Makers (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Makers, at the issue price of� Rs.40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.0000 times. The total number of shares allotted in this category is 2,64,000 Equity Shares in full out of reserved portion of� 2,64,000 Equity Shares.

No. of shares applied for (Category wise)	No. of Applications received	% to total	Total No. Of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per applicant (Before Rounding Off)	Allocation per applicant (After Rounding Off)	Ratio of Allotees to the Applicants	Total No. of Equity shares allotted	Surplus/ Deficit
2,64,000	1	100.00	2,64,000	100.00	2,64,000	2,64,000	2,64,000	1	2,64,000	0.00
TOTAL	1	100.00	2,64,000	100.00	2,64,000				2,64,000	0.00

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.40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.342960 times. Due to under subscription, all the applicants in this category have been given full and firm allotment and the under subscribed 16,38,000 shares from Retail Individual Investors Category have been spilled over to Non-Institutional Investors Category.

No. of shares applied for (Category wise)	No. of Applications received	%to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per applicant (Before Rounding Off)	Allocation per applicant (After Rounding Off)	Ratio of Allotees to the Applicants	Total No. of Equity shares allotted	Surplus/ Deficit
3,000	285	100.00	8,55,000	100.00	24,93,000	8,747.37	3,000	1	8,55,000	-16,38,000
TOTAL	285	100.00	8,55,000	100.00	24,93,000				8,55,000	-16,38,000

C. Allocation to Non-Institutional Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of� Rs.40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.392157 times including spill over 16,38,000 equity shares from Retail individual Investors category. The total number of shares allotted in this category is 41,31,000 Equity Shares to 93 successful applicants on proportionate basis. 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	% to total	Proportionate Shares Available	Allocation per applicant (Before Rounding Off)	Allocation per applicant (After Rounding Off)	Ratio of Allotees to the Applicants	Total No. of Equity shares allotted	Surplus/ Deficit
6,000	11	11.83	66,000.00	1.15	47,408.00	4,309.82	3,000.00	1	33,000.00	-14408
9,000	3	323	27,000.00	0.47	19,394.00	6,464.67	6,000.00	1	18,000.00	-1394
12,000	22	23.66	2,64,000.00	4.59	1,89,634.00	8,619.73	9,000.00	1	1,98,000.00	8366
15,000	10	10.75	1,50,000.00	2.61	1,07,746.00	10,774.60	12,000.00	1	1,20,000.00	12254
18,000	1	1.08	18,000.00	0.31	12,930.00	12,930.00	12,000.00	1	12,000.00	-930
24,000	5	5.38	1,20,000.00	2.09	86,197.00	17,239.40	18,000.00	1	90,000.00	3803
27,000	4	4.3	1,08,000.00	1.88	77,577.00	19,394.25	18,000.00	1	72,000.00	-5577
27,000							3,000.00	3:4	9,000.00	9000
30,000	3	323	90,000.00	1.56	64,648.00	21,549.33	21,000.00	1	63,000.00	-1648
42,000	3	323	1,26,000.00	2.19	90,507.00	30,169.00	30,000.00	1	90,000.00	-507
45,000	1	1.08	45,000.00	0.78	32,324.00	32,324.00	33,000.00	1	33,000.00	676
48,000	1	1.08	48,000.00	0.83	34,479.00	34,479.00	33,000.00	1	33,000.00	-1479
51,000	4	4.3	2,04,000.00	3.55	1,46,535.00	36,633.75	36,000.00	1	1,44,000.00	-2535
60,000	3	323	1,80,000.00	3.13	1,29,296.00	43,098.67	42,000.00	1	1,26,000.00	-3296
63,000	3	323	1,89,000.00	3.29	1,35,761.00	45,253.67	45,000.00	1	1,35,000.00	-761
75,000	1	1.08	75,000.00	1.3	53,873.00	53,873.00	54,000.00	1	54,000.00	127
81,000	1	1.08	81,000.00	1.41	58,183.00	58,183.00	57,000.00	1	57,000.00	-1183
84,000	1	1.08	84,000.00	1.46	60,338.00	60,338.00	60,000.00	1	60,000.00	-338
99,000	1	1.08	99,000.00	1.72	71,113.00	71,113.00	72,000.00	1	72,000.00	887
1,05,000	1	1.08	1,05,000.00	1.83	75,423.00	75,423.00	75,000.00	1	75,000.00	-423
1,20,000	2	2.15	2,40,000.00	4.17	1,72,394.00	86,197.00	87,000.00	1	1,74,000.00	1606
1,26,000	1	1.08	1,26,000.00	2.19	90,507.00	90,507.00	90,000.00	1	90,000.00	-507
1,35,000	2	2.15	2,70,000.00	4.69	1,93,944.00	96,972.00	96,000.00	1	1,92,000.00	-1944
1,50,000	2	2.15	3,00,000.00	5.22	2,15,493.00	1,07,746.50	1,08,000.00	1	2,16,000.00	507
1,89,000	1	1.08	1,89,000.00	3.29	1,35,761.00	1,35,761.00	1,35,000.00	1	1,35,000.00	-761
2,46,000	1	1.08	2,46,000.00	4.28	1,76,704.00	1,76,704.00	1,77,000.00	1	1,77,000.00	296
2,52,000	1	1.08	2,52,000.00	4.38	1,81,014.00	1,81,014.00	1,80,000.00	1	1,80,000.00	-1014
3,00,000	2	2.15	6,00,000.00	10.43	4,30,986.00	2,15,493.00	2,16,000.00	1	4,32,000.00	1014
4,50,000	1	1.08	4,50,000.00	7.82	3,23,239.00	3,23,239.00	3,24,000.00	1	3,24,000.00	761
9,99,000	1	1.08	9,99,000.00	17.37	7,17,592.00	7,17,592.00	7,17,000.00	1	7,17,000.00	-592
TOTAL	93	100.00	57,51,000.00	100.00	41,31,000.00				41,31,000.00	0

The Board of Directors of the Company at its meeting held on April 10,2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/as filled in the application form on or before April 15,2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to April 15,2013. In case the same is not received within seven days, investors may contact at the address given below. 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. The Company is 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. The trading is proposed to be commenced with effect from April 15,2013, subject to receipt of listing and trading approvals from BSE Limited.

Investors please note:
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in. 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 of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

LINK INTIME INDIA PRIVATE LIMITED
C-13, Pannalal Silk Mills Compound, L.B.S. Marg,
Bhandup (West), Mumbai -400 078
Tel: +91 22 2596 7878; Fax: +91 22 2596 0329
Email: aifl.ipo@linkintime.co.in
Website: www.linkintime.co.in

Date : April 10,2013 Place: Mumbai	FOR ashapura intimates fashion limited On behalf of the Board of Directors Sd/- Harshad H. Thakkar Chairman and Managing Director

Ashapura Intimates Fashion IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Ashapura Intimates Fashion IPO .

The Ashapura Intimates Fashion IPO basis of allotment (published above) tells you how shares are allocated to you in Ashapura Intimates Fashion IPO and category wise demand of IPO share.

Visit the Ashapura Intimates Fashion IPO allotment status page to check the number of shares allocated to your application.

In Ashapura Intimates Fashion IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Ashapura Intimates Fashion IPO basis of allotment document to know how the shares are allocated in Ashapura Intimates Fashion IPO.

Ashapura Intimates Fashion IPO Basis of Allotment

Ashapura Intimates Fashion IPO Basis of Allotment FAQs

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