Free Account Opening + AMC Free Demat
Loading...
October 16, 2014 - October 27, 2014

JLA Infraville IPO Basis of Allotment

(This is only an advertisement for information purpose and not a Prospectus announcement.)

JLA INFRAVILLE SHOPPERS LIMITED

Corporate Identity Number: U52390KA2013PLC071372

Our Company was incorporated as 'JLA Infraville Shoppers Limited' under the provisions of the Companies Act, 1956 vide certificate of incorporation dated October 09, 2013 bearing registration no. 071372, in Bangalore. The Corporate Identification Number of Our Company is U52390KA2013PLC071372. For details of change in registered office of our Company please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 108 of the Prospectus.

Registered Office: No. 2, First Floor, 17th B Cross,13th Main, 5th Phase, J. P. Nagar.Bangalore, Karnataka - 560078
Corporate Office: 7/109, Upper Ground Floor, Swaroop Nagar, Kanpur - 208002. Tel No: +91 8041123871; E-mail: jisl@infraville.com;
Website: www.infraville.com Contact Person: Mr. Gaurav Srivastava, Company Secretary and Compliance Officer.

PROMOTERS OF OUR COMPANY: MR. JAWAHAR LAL AGARWAL AND MR. VIVEK GUPTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID OF JLA INFRAVILLE SHOPPERS LIMITED ('JLA' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING RS. 200.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,00,000 EQUITY SHARES OF RS. 10/- FULLY PAID EACH 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 19,00,000 EQUITY SHARES OF RS. 10/- EACH FULLY PAID IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.82% AND 29.28%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 10.00
THE ISSUE PRICE IS 1.00 TIMES OF THE FACE VALUE.

ISSUE OPENED ON THURSDAY, OCTOBER 16, 2014

ISSUE CLOSED ON MONDAY, OCTOBER 27, 2014

PROPOSED LISTING: NOVEMBER 12, 2014

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in the issue. However, the Company has received an in-principle approval letter dated August 27, 2014 from BSE for using its name in the offer document for listing of the shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited ('BSE'). The trading is proposed to be commenced with effect from November 12, 2014.

*Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of theirrespective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 278 applications for 49,10,000 Equity Shares resulting in 2.46 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:

Details of the Applications Received (Before Technical Rejections After Cheque Return)

Category No. of Applications % No. of Equity Shares % Subscription (Times)
Market Maker 1 0.36 1,00,000 2.04 1.00
Other than Retail Individual Investors 34 12.23 18,30,000 37.27 1.93
Retail Individual Investors 243 87.41 29,80,000 60.69 3.13
Total 278 100 49,10,000 100.00 2.46

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

(Technical rejection)

Category No. of Applications No. of Equity Shares
Market Maker 0 NIL
Other than Retail Individual Investors 2 80,000
Retail Individual Investors 18 2,30,000
Total 20 3,10,000

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

Category No. of Applications % Issue Size (as per Prospectus) Proportionate Issue Size No. of Valid Shares applied % to Total Applied Subscription (Times)
Market Maker 1 0.39 1,00,000 1,00,000 1,00,000 2.17 1.00
Other than Retail Individual Investors 32 12.40 9,50,000 7,30,000 17,50,000 38.04 2.40
Retail Individual Investors 225 87.21 9,50,000 11,70,000 27,50,000 59.79 2.35
Total 258 100 20,00,000 20,00,000 46,00,000 100 2.30

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on November 5, 2014.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 times. The total number of shares allotted in this category is 1,00,000 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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.35 times. The total number of shares allotted in this category is 11,70,000 Equity Shares to 117 successful applicants.

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

No. of Shares applied for (Category wise) Number 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 aiiotteesto applicants: RATI01 Ratio of aiiotteesto applicants: RATIO 2 Number of successful applicants (after rounding off) Total No. of Shares allocated/ allotted No. of Shares Surplus/ Deficit
10,000 175 77.78 17,50,000 63.64 7,44,545 4,254.55 10,000 3 7 75 7,50,000 5,455
20,000 50 22.22 10,00,000 36.36 4,25,455 8,509.09 10,000 21 25 42 4,20,000 -5,455

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal):

The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 10/-per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.40 times. The total number of shares allotted in this category is 7,30,000 Equity Shares.

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

No. of Shares applied for (Category wise) Number 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 aiiotteesto applicants: RATI01 Ratio of aiiotteesto applicants: RATIO 2 Number of successful applicants (after rounding off) Total No. of Shares allocated/ allotted No. of Shares Surplus/ Deficit
30,000 4 12.5 1,20,000 6.86 50,057 12,514.29 10,000 1 1 4 40,000 -10,057
40,000 5 15.63 2,00,000 11.43 83,429 16,685.71 20,000 1 1 5 1,00,000 16,571
50,000 12 37.5 6,00,000 34.29 2,50,286 20,857.14 20,000 1 1 12 2,40,000 -10,286
60,000 6 18.75 3,60,000 20.57 1,50,171 25,028.57 20,000 1 1 6 1,20,000 -30,171
60,000 10,000 1 30,000 30,000
70,000 2 6.25 1,40,000 8 58,400 29,200 30,000 1 1 2 60,000 1,600
90,000 1 3.13 90,000 5.14 37,543 37,542.86 40,000 1 1 1 40,000 2,457
1,20,000 2 6.25 2,40,000 13.71 1,00,114 50,057.14 50,000 1 1 2 1,00,000 -114

The Board of Directors of the Company at its meeting held on November 5, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The Refund/allotment intimation is being dispatched to the address of the Applicants as registered with the depositories on or before November 10, 2014. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to November 10, 2014. In case the same is not received within ten 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 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.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated September 25,2014 ('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 LIMITED 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 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:

BIGSHARE SERVICES PRIVATE LIMITED
E-2 Ansa Industrial Estate, Sakhivihar Road, Sakinaka, Andheri East, Mumbai - 400072
Tel. No.: +91-22-4043 0200, Fax No.: + 91-22-2847 5207, Email: ipo@bigshareonline.com
Website: www.bigshareonline.com, Contact Person: Mr. Ashok Shetty
SEBI Regn. No.: INR000001385

Date : November 6, 2014
Place : Bangalore

For JLA Infraville Shoppers Limited
On behalf of the Board of Directors
Sd/-
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE JLA INFRAVILLE SHOPPERS LIMITED.

JLA Infraville 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 JLA Infraville IPO .

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

Visit the JLA Infraville IPO allotment status page to check the number of shares allocated to your application.

In JLA Infraville 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 JLA Infraville IPO basis of allotment document to know how the shares are allocated in JLA Infraville IPO.