Free Account Opening + AMC Free Demat
Loading...
March 30, 2017 - April 5, 2017

Focus Lighting And Fixtures IPO Basis of Allotment

FOCUS LIGHTING AND FIXTURES LIMITED

CIN: U31500MH2005PLC155278

Our Company was incorporated as Focus. Lighting And Fixtures Private Limited under the provisions of the Companes. Act 1956 vide certificate of incorporartion dated August 11. 2005 In Mumbai. Subscquently. the name of our Company was changed to Focus Lighting   And Fixtures Limited pursuant to conversion into a public company vide Shareholders' approval on October 12. 2016 and fresh certificate of Incorporation dated February 22,2017. The Corporate Identification Number of Our Company is U31500MH2005PLC155278. For further details please refer to chapter titied 'Our History and Certain Other Corporate Matters.' beginning on pape 115 of this Prospectus.

Registered Office: 1007-1010. Corporate Avenue Wing A. Sonawala Road, Near Udyog Bhavan. Goregaon (Easl). Mumbai - 400063.Maharashtra. India
Tel No.: + 91 22 26865676/72/73/74/75: E-mail: info@pluslighttech.com: Website: www.pluslighttech.com; Contact Person; Mr. Amit Vinod Sheth, Managing Director

PROMOTERS OF THE COMPANY: MR. AMIT VINOD SHETH AND MS, DEEPALI AMIT SHETH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 9.00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF FOCUS LIGHTING AND FIXTURES LIMITED ('FLFL' OR THE 'COMPANY' OR THE' ISSUER') FOR CASH AT A PRICE OF Rs. 45/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs. 35/- PER EQUITY SHARE AGGREGATING Rs. 405.00 LAKHS (THE 'ISSUE') BY OUR COMPANY. OF WHICH 48.000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION').THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 8,52,000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26,64% AND 25,22% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE OF THE COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER. XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 208 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 45/-
THE ISSUE PRICE IS 4.50 TIMES THE FACE VALUE.
ISSUE OPENED ON: MARCH 30, 2017
ISSUE CLOSED ON: APRIL 05, 2017
PROPOSED LISTING: THURSDAY, APRIL 13, 2017

Tne Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform: ('NSE'). In terms of the Chapter XB of the SEBI (ICOR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated March 10. 2017 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Linked. The trading is proposed to be commenced with effect from Thursday. April 13, 2017.*
* Subjed to receipt of listing and trading approvals from the National Stock Exchange of India Lmited.
All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 15,453 applications for 7,99,95,000 Equity Shares resulting in 88,8 times suhscription (including reserved portion of Market Maker). The details of the applications received in the issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection);

Category No. of Applications % to Total Number of Equity Shares % to Total Subscription (Times)
Market Maker 1 0.01 48.000 0.06 1.00
Retail Individual Investors 15,135 97.94 4,54.05,000 56.76 106.58
Other than Retail individual Investors 317 2.05 3,45,42,000 43.16 81.08
TOTAL 15,453 100.00 7,99,95,000 100.00 88.88

The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)

Category Number of Applications Number of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 242 7,26,000
Other than Retail individual Investors 3 21,000
TOTAL 245 7.47.000

After eliminating technically rejected applications, the fallowing tables give us Category wise net valid applications.

Category No. of Applications % to
Total
Issue Size (as per Prospectus) Proportionate Issue
Size (After rounding off)
No.of Valid
Shares applied
Subscription (Times)
Market Water l 0,01 48,000 48,000 48,000 1.00
*Retail Individual Investors 14,893 97.93 4,26,000 4,83,000 4,46,79,000 92.50
Other than Retail individual Investors 314 2.06 4,26,000 3,69,000 3,45,21,000 93.55
TOTAL 15,208 100.00 9,00,000 9,00,00 7,92,48,000 88.05

*As per regulation 43 (4) of SEBI (ICDR) reiail individual investor category is errtitled to more than fifty percent on proportionate basis, the retail individual investors shall he allocated that higher percentagee.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Slock Exchange of India Limited on April 10,2017.
A. Allocation to Market Maker (After Technical Rejections); The Basis of Allotment to the Market Mater at the issue price of Rs. 45/- per Equity Share. was finalized in consultation with NSE. The category was subscribed hy 1.00 times. The total number of shares allotted in this category is 48,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejection); The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 45/- per Equity; Share, was finalized In consultation with NSE. The category was subscribed by 92.50 times.. The total number of shares allotted in this category is 483000 Equity Shares 10 161 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No.of Shares Applied for (Category wise) No.of Applications received % to
total
Total No.
of Shares applied in
each category
% to total Proportionate Shares Available Allocation
per Applicant (Before Rounding off)
Allocation
per Applicant (After Rounding off)
Ratio of Allottees
to the Applicants RATIO 1
Radio of Allottees to the Applicant RATIO 2 Number of Successful applicants (after rounding off) Total No. of Shares allocated / allotted No. 0f Shares Surplus Deficit
3,000 14,893 100 4.46.79.000 100 4.83.000 32.43 3,000 1 93 161 4.83.000 0
Total 14,893 100 4.46.79.000 100 4.83.000 161 4.83.000 0

C. Allocation to Other than Retail Individual Investors (After Techinical Rejections): The Basis of Allotment to the Non Insttutional Investors, at the issue price of Rs. 45/- per Equity Share was finalized In consultation with NSE. The category was subscribed 93.55 times. The total number of shares allotted in this category Is 369000 Equity Shares to 76 successful applicants.

The Categery-wise details of the Basis of Allotment are as under:

No.of Shares Applied for (Category wise) No.of Applications received %
to
total
Total No.
of Shares applied in
each category
%
to total
Proportionate Shares Available Allocation
per Applicant (Before Rounding off)
Allocation
per Applicant (After Rounding off)
Ratio of Allottees
to the Applicants RATIO 1
Radio of Allottees to the Applicant RATIO 2 Number of Successful applicants (after rounding off) Total No. of Shares allocated/    allotted No. 0f Shares Surplus Deficit
6,000 84 26.75 5,04,000 1.46 5.387 64.13 3.000 2 84 2 6.000 613
9,000 22 7.01 1,98.000 0.57 2.116 96.20 3.000 1 22 1 3.000 884
12.000 24 7.64 2,88,000 0.83 3.078 128.27 3.000 1 24 1 3.000 -78
15.000 10 3.18 1,50,000 0.43 1.603 160.34 3.000 1 10 1 3.000 1.397
18.000 6 1.91 1,08,000 0.31 1.154 192.40 0 0 0 0 -1.154
21.000 11 3.50 2,31,000 0.67 2.469 224.47 3.000 1 11 1 3.000 531
24.000 11 3.50 2,64,000 0.76 2.822 256.54 3.000 1 11 1 3.000 178
27.000 5 1.59 1,53,000 0.39 1.443 288 61 3.000 1 5. 1 3.000 1.557
30,000 8 2.55 2,40,000 0.70 2.565 320.67 3.000 1 8 1 3,000 435
33.000 6 1.91 1.98,000 0.57 2.116 352 74 3.000 1 6 1 3.000 884
36,000 1 0.32 36,000 0.10 385 384.81 0 0 0 0 -385
39,000 8 2.55 3,12,000 0.90 3.335 416.88 3.000 l 8 1 3,000 -335
42,000 1 0.32 42.000 0.12 449 448.94 0 0 0 0 -449
45,000 10 3.18 4.50.000 l.30 4.810 481.01 3.000 2 10 2 6.000 1,190
48.000 1 0.32 48.000 0.14 513 513.08 0 0 0 0 -513
51.000 2 0.64 1.02.000 0.30 1.090 545.15 0 0 0 0 -1.090
54.000 9 2.87 4.86.000 1.41 5.195 577.21 3.000 2 9 2 6.000 805
57.000 2 0.64 1.14.000 0.33 1.219 609.28 0 0 0 0 -1.219
60.000 3 0.96 1 .80.000 0.52 1.924 641.35 3.000 1 3 1 3.000 1.076
63.000 2 0.64 1.26.000 0.36 1.347 673.42 0 0 0 0 -1.347
66,000 5 1.59 3.30.000 0.96 3.527 705.48 3.000 1 5 1 3.000 -527
72.000 4 1.27 2.88.000 0.83 3.078 769.62 3.000 1 4 1 3.000 -78
75.000 1 0.32 75.000 0.22 802 801.69 0 0 0 0 -802
78.000 2 0.64 1.56.000 0.45 1.668 833.75 3.000 1 2 1 3.000 1.332
84.000 1 0.32 84.000 0.24 898 897.89 0 0 0 0 -898
87.000 3 0.96 2.61.000 0.76 2.790 929.96 3.000 1 3 1 3.000 210
90.000 3 0.96 2,70.000 0.78 2.886 962.02 3.000 1 3 1 3.000 114
93.000 3 0.96 2,79.000 0.81 2.982 994.09 3.000 1 3 1 3.000 18
96.000 2 0.64 1,92.000 0.56 2.052 1.026.16 3.000 1 2 1 3.000 948
99.000 1 0.32 99.000 0.29 1.058 1.058.23 0 0 0 0 -1.058
1,02.000 1 0.32 1,02.000 0.30 1.090 1.090.29 0 0 0 0 -1.090
1.08.000 1 0.32 1.08.000 0.31 1,154 1.154.43 0 0 0 0 -1.154
1.11.000 5 1.59 5.55.000 1.61 5.932 1.186.50 3.000 2 5 2 6.000 68
1.14.000 1 0.32 1.14.000 0.33 1.219 1.218.56 0 0 0 0 -1.219
1.20.000 2 0.64 2.40.000 0.70 2.565 1.282.70 3,000 1 2 1 3.000 435
1.29.000 1 0.32 1.29.000 0.37 1.379 1.378.90 3,000 1 1 1 3 000 1.621
1.50.000 1 0.32 1.50.000 0.43 1.603 1.603.37 3,000 1 1 1 3.000 1.397
1.53.000 3 0.96 4.59.000 1.33 4.906 1.635.44 3,000 2 3 2 6,000 1.094
1.65.000 1 0.32 1.65.000 0.48 1.764 1.763.71 3,000 1 1 1 3.000 1.236
1.80.000 1 0.32 1.80.000 0 52 1.924 1.924.05 3,000 1 1 1 3,000 1.076
2.07.000 2 0.64 4.14.000 l 20 4.425 2.212.65 3,000 1 2 1 3,000 -1,425
2.22,000 4 1.27 8.88.000 2 57 9.492 2.372.99 3,000 3 4 3 9.000 -492
2.25.000 2 0.64 4.50.000 l.30 4.810 2.405.06 3,000 1 1 2 6.000 1,190
2,40,000 1 0.32 2.40.000 0.70 2.565 2.565.39 3,000 1 1 1 3.000 435
2,76,000 1 0.32 2.76.000 0.80 2.950 2.950.20 3,000 1 1 1 3.000 50
3,00,000 2 0.64 6.00.000 1.74 6.413 3.206.74 3,000 1 1 2 6.000 -413
3.30.000 1 0.32 3.30.000 0.96 3.527 3.527.42 3,000 1 1 1 3.000 -527
3.33.000 3 0.96 9.99.000 2.89 10.678 3.559.49 3,000 1 1 3 9.000 -1.678
3.36.000 2 0.64 6.72.000 1.95 7.183 3.591.55 3,000 1 1 2 6.000 -1.183
4.08.000 1 0.32 4.08.000 1.18 4.361 4.361.17 3,000 1 1 1 3.000 -1.361
4.20.000 1 0.32 4.20.000 1.22 4.489 4.489.44 3,000 1 1 1 3.000 -1.489
4.44.000 3 0.96 13.32.000 3.86 14.238 4.745.98 3,000 1 1 3 9.000 -5.238
4.44.000 3,000 2 3 6.000 6.000
4.50.000 1 0.32 4.50.000 1.30 4.810 4.810.12 6,000 1 1 1 6.000 1.190
7,86,000 1 0.32 7.86.000 2 28 8.402 8.401.67 9,000 1 1 1 9.000 598
8,31,000 1 0.32 8.31.000 2.41 8.883 8.882.68 9,000 1 1 1 9.000 117
8,34,000 3 0.96 25.2.000 7.25 26.744 8.914.75 9,000 1 1 3 27,000 256
8,43,000 1 0.32 8.43.000 2.44 9.011 9.010.95 9,000 1 1 1 9,000 -11
8.52,000 16 5 02 1.36.32.000 39.50 9.107.15 9,000 1 1 16 1.44.000 -1,722
Total 314 100.00 3.45,21.000 100.00 2.23.278 76 3,69,000 0

The Board of directors of the Company at us meeting held on April 10,2017 has taken on record the Basis of Allocation of Equity Shares approved by the designated stock Exchange viz. National Stack Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before April 13,2017. Further, the Instructions to Sell Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 11,2017 In case the same is not received within four working days, investors may contact Registrar 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 concemed. The Company is taking steps to get the Equity Shares admitted for trading on NSE Emerge Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the raspective meaning assigned to them in the Prospectus dated March 20.2017 ('Prospectus'). INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue,BIGSHARE SERVICES PRIVATE LIMlTED at www.bigshareonline.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 Forrn, 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:

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estale, Sakivihar Road, Sakinaka, Andheri East, Mumbai - 400072.
Tel: +91 22 40430200; Fax; +91 22 28475207
E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr Ashok Shetty SEBI Registration No : INR000001385

Date: April 11,2017

Place: Mumbai

For FOCUS LIGHTING ANO FIXTURES LIMITED
On behall of the Board of  Directors
Sd/-
Managing Director

Focus Lighting And Fixtures 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 Focus Lighting And Fixtures IPO .

The Focus Lighting And Fixtures IPO basis of allotment (published above) tells you how shares are allocated to you in Focus Lighting And Fixtures IPO and category wise demand of IPO share.

Visit the Focus Lighting And Fixtures IPO allotment status page to check the number of shares allocated to your application.

In Focus Lighting And Fixtures 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 Focus Lighting And Fixtures IPO basis of allotment document to know how the shares are allocated in Focus Lighting And Fixtures IPO.