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| (This is only an advertisement for information purpose and not a prospectus announcement and does not constitute an invitation or otter to acquire, purchase, or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.) | |
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DC INFOTECH AND COMMUNICATION LIMITED |
| CIN: U74999MH2019PLC319622 | |
Our Company was originally formed as a Partnership Firm under the Indian Partnership Act, 1932 m the name and style of "DC Intotech" pursuant to partnership deed dated April 01, 1998 at Mumbai, Maharashtra. Further the Partnership Firm was converted into Public Limited Company "DC Infotech and Communication Limited" on January 15, 2019 pursuant to Part I of Chapter XXI of the Companies Act, 2013 vide certificate of incorporation issued by Registrar of Companies, Central Registration Centre. The Corporate Identification Number of our Company is U74999MH2019PLC319622 For further details, please refer the chapter titled "History and Certain Corporate Matters" beginning on page 117 of the Prospectus.
| Registered Office: Unit No. 2, Aristocrat, Ground Floor, Lajya Compound, Mogra Road, Andheri (East), Mumbai, 400069, Maharashtra, India |
| Tel: 022-28329000; E-mail: cs@dcmfotech.com; Website: www.dcinfotech.com |
| Company Secretary and Compliance Officer: Nikita Shukla |
| OUR PROMOTERS: CHETANKUMAR TIMBADIA AND DEVENORA SAYANI |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 24,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00/- EACH ("EQUITY SHARES") OF DC INFOTECH AND COMMUNICATION LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 45.00 PER EQUITY SHARE (THE "ISSUE PRICE"), (INCLUDING A PREMUIM OF Rs 35.00 PER EQUITY SHARE), AGGREGATING Rs 1,080.00 LAKHS ("THE ISSUE"), OF WHICH 1,26,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00/- FOR CASH AT A PRICE OF Rs 45.00 EACH AGGREGATING Rs 56.70 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 22,74,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH FOR CASH AT A PRICE OF Rs 45 PER EQUITY SHARE, AGGREGATING TO Rs 1,023.30 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.00 % AND 37.90 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
| THE FACE VALUE OF THE EQUITY SHARES IS Rs 10.00/- EACH AND THE ISSUE PRICE IS Rs 45.00/- EACH THE ISSUE PRICE IS 4.5 TIMES OF THE FACE VALUE OF EQUITY SHARE | |
| ISSUE PROGRAMME | ISSUE OPENED ON: DECEMBER 12, 2019 |
| ISSUE CLOSED ON: DECEMBER 18, 2019 | |
The Equity Shares of the Company offered through the Prospectus dated November 28, 2019 are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE EMERGE") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. Our Company has received an In-principle approval dated October 01, 2019 from National Stock Exchange of India Limited for listing our shares and also for using its name in the offer document for listing of our shares on EMERGE Platform of National Stock Exchange of India Limited. For the purpose of the Issue NSE EMERGE will be the Designated Stock Exchange The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, wherein (a) minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants m the other category.
All investors have participated in this otter through ASBA process including through UPI mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs") / Sponsor Bank as the case may be. For details in this regard, specific attention is invited to chapter titled "Issue Procedure" on page 224 of the Prospectus.
SUBSCRIPTION DETAILS
Details of the application :
The Issue has received 686 applications (before rejections and Bids not Banked) for 37,56,000 Equity Shares (Including Market Maker Application of 1,26,000 Equity Shares) resulting 1 565 times subscription. The details of the applications received in the Issue (before technkical rejections but before Bids not banked) are as follows:
Details of valid Applications Received (Before Technical Rejection and before bids not banked):
| Category | No. of Applications | No. of Equity Shares | Subscription |
| Market Maker | 1 | 1,26,000 | 1.00 |
| Other than Retail Individual Investors | 17 | 16,26,000 | 1.430 |
| Retail Individual Investors | 668 | 20,04,000 | 1.763 |
| TOTAL | 686 | 37,56,000 | 1.565 |
Details of bids not banked are detailed below :
| Category | No. of Applications | No of Equity Shares |
| Other than Retail Individual Investors | Nil | Nil |
| Retail Individual Investors | 23 | 69,000 |
| TOTAL | 23 | 69,000 |
Details of valid Applications Received (After Technical Rejection and bids not banked):
| Category | No. of Applications | No. of Equity Shares | Subscription | Revise Subscription |
| Market Makers | 1 | 1,26,000 | 1.00 | 1.00 |
| Other than Retail Individual Investors | 17 | 16,26,000 | 1.430 | 1 513 |
| Retail Individual Investors | 605 | 18,15,000 | 1.596 | 1.514 |
| TOTAL | 623 | 35,67,000 | 1.486 | 1.486 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-NSE EMERGE on December 23, 2019.
| A. | Allocation to Market Maker (Alter Technical Rejections): The Basis of Allotment to the Market Maker at the issue price of Rs 45.00/- per Equity Share, was finalised in consultation with NSE EMERGE. The category was subscribed by 1 00 time. The total number of shares allotted in this category is 1,26,000 Equity shares in full out of reserved portion of 1,26,000 Equity Shares. |
| B. | Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors at the issue price of Rs 45.00/- per Equity Share, was finalized in consultation with NSE EMERGE. The category was subscribed by 1,514 times Total number of shares allotted in this category is 12,00,000 Equity shares. |
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to total | Total No. of Equity Shares applied in Retail Individual Investors category | % of total | Proportionate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to the Applicant | Total No. of Equity Shares allotted | Surplus/' (Deficit) |
| 3,000 | 605 | 100.00 | 18,15,000 | 100.00 | 12,00,000 | 1,983.47 | 3,000 | 80:121 | 12,00,000 | 0.00 |
| Total | 605 | 100.00 | 18,15,000 | 100.00 | 12,00,000 | - | - | - | 12,00,000 | 0.00 |
| C. | Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 45 00/- per Equity Share, was finalized in consultation with NSE EMERGE. The category was subscribed by 1,513 times. Total number of shares allotted in this category is 10,74,000: |
| No. of Shares Applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % of total | Proportionate Shares Available | Allocation per Applicant Before rounding off | Allocation per Applicant After Rounding Off | Ratio of Allottees to Applicant | Total No. of Shares allocated, allotted | Surplus/ Deficit |
| 6,000 | 5 | 29.41 | 30,000 | 1.84 | 19,815 | 3,963 | 3,000 | 1:1 | 15,000 | -4815 |
| 6,000 | 3,000 | 2:5 | 6,000 | 6000 | ||||||
| 9,000 | 1 | 5.88 | 9,000 | 0.55 | 5,945 | 5,945 | 6,000 | 1:1 | 6,000 | 55 |
| 15,000 | 1 | 5.88 | 15,000 | 0.92 | 9,908 | 9,908 | 9,000 | 1:1 | 9,000 | -908 |
| 21,000 | 1 | 5.88 | 21,000 | 1.29 | 13,871 | 13,871 | 15,000 | 1:1 | 15,000 | 1129 |
| 1,11,000 | 3 | 17.64 | 3,33,000 | 20.47 | 2,19,952 | 73,317 | 72,000 | 1:1 | 2,16,000 | -3952 |
| 1,11,000 | 3,000 | 1:3 | 3,000 | 3000 | ||||||
| 1,14,000 | 2 | 11.76 | 2,28,000 | 14.02 | 1,50,598 | 75,299 | 75,000 | 1:1 | 1,50,000 | -598 |
| 1,20,000 | 1 | 5.88 | 1,20,000 | 7.38 | 79,262 | 79,262 | 81,000 | 1:1 | 81,000 | 1,738 |
| 1,23,000 | 1 | 5.88 | 1,23,000 | 7.56 | 81,244 | 81,244 | 81,000 | 1:1 | 81,000 | -244 |
| 3,00,000 | 1 | 5.88 | 3,00,000 | 18.45 | 1,98,155 | 1,98,155 | 1,98,000 | 1:1 | 1,98,000 | -155 |
| 4,47,000 | 1 | 5.88 | 4,47,000 | 27.49 | 2,95,250 | 2,95,250 | 2,94,000 | 1:1 | 2,94,000 | -1,250 |
| Total | 17 | 100.00 | 16,26,000 | 100.00 | 10,74,000 | - | - | - | 10,74,000 | 0 |
The Board of Directors of the Company at its meeting held on December 23, 2019 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE EMERGE and has authorized the corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 26, 2019. Further, the instructions to Self-Certified Syndicate Banks and Sponsor Bank being processed on or prior to December 24, 2019 for unblocking fund. In case the same is not received within 10 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 NSE EMERGE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before December 27, 2019 subject to receipt of listing and trading approvals from the NSE EMERGE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Satellite Corporate Services Private Limited at www.satelllitecorporate.com. 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, 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:
| REGISTRAR OF THE ISSUE | |
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SATELLITE CORPORATE SERVICES PRIVATE LIMITED |
| Unit No. 49, Building No. 13 A-B, 2nd Floor, Samhita Commercial Co-op Society Ltd, off Andheri Kurla Road, MTNL Lane, Sakinaka. | |
| Mumbai 400072, Maharashtra. India | Tel. No.: 022 - 28520461/462 | Website: www.satellitecorporate.com | |
| Email id: service@satellitecorporate.com | Investor Grievance E-mail: sme.ipo@satellitecorporate.com | |
| Contact Person: Michael Monteiro | SEBI Registration Number: INR00003639 | |
| FOR. DC INFOTECH AND COMMUNICATION LIMITED | |
| Sd/- | |
| Chetankumar Timbadia | |
| Place : Mumbai | DIN: 06731478 |
| Date : December 24, 2019 | Managing Director |
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 DC INFOTECH AND COMMUNICATION LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities law in United States and may not be issued or sold within the united states or to, or for the account or benefit of. "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1993.
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 DC Infotech IPO .
The DC Infotech IPO basis of allotment (published above) tells you how shares are allocated to you in DC Infotech IPO and category wise demand of IPO share.
Visit the DC Infotech IPO allotment status page to check the number of shares allocated to your application.
In DC Infotech 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 DC Infotech IPO basis of allotment document to know how the shares are allocated in DC Infotech IPO.
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