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KAARYA FACILITIES AND SERVICES LIMITED Our Company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai dated February 3, 2009 with the name 'Kaarya Facilities and Services Private Limited'- Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholder at an extraordinary general meeting held on July 31, 2017 and consequently, the name of our Company was changed to 'Kaarya Facilities and Services Limited' and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies. Maharashtra, Mumbai on August 14, 2017. For further details of our Company please refer 'General information' and 'History and Certain Other Corporate Matters' on page 43 and 91, respectively of the Prospectus Registered Office: 217, Gemstar Commercial Complex,
Ramchandra Lane Extn., Malad (West), Mumbai - 400 064, Maharashtra, India PROMOTERS OF THE COMPANY: VINEET PANDEY AND VISHAL PANCHAL BASIS OF ALLOTMENT PUBLIC ISSUE OF 15,99,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF KAARYA FACILITIES AND SERVICES LIMITED ('OUR COMPACT OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 30.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 639.60 LAKHS ('THE ISSUE') OF THE ISSUE, 81,000 EQUITY SHARES AGGREGATING TQ f 32.40 LAKHS WILL FJE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (LMARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,18.000 EQUnY SHAHE5 OF FACE VALUE OF ? 10.OD EACH AT AN ISSUE PRICE OF ? 4D.0D PER EDUITY SHARE AGGREGATING TO ? 6D7.20 LAKHS 15 HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 34.20% AND 32.47%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY THIS BEING A FIXED PRICE. AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR)
REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00
EACH The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE. In terms of the Chapter XB of the -SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated September 21,2017 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue. BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from FRIDAY, OCTOBER 27, 2017*. *Subject to receipt of listing and trading approvals from the BSE. 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 5852 applications for 28,773,000 Equity Shares resulting in
17.99 times subscription (including reserved portion of Market Maker). The details of the
applications revived in the issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on Technical grounds/ withdrawal are detailed below; Technical rejection / Withdrawal
After eliminating technically rejected applications, the following tables gives the details of Category wise net valid applications: After technical rejections
* Retail individual investor has subscribe to the extend 60.19% of the net issue. Hence they were offered 60.23% ot net issue of 1,518,000 shares i.e. 9,15,000 shares (after round in off) and balance 39.72% aggregating to 603,000 out of 11,352,000 shares were received as valid under HNI category allotted to non-retails category. Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on October 24, 2017. A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 81,000 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 40 per Equity Share, was linalizad in consultation with BSE. The category was subscribed 13.76 times. The total number of shares allotted in this category is 915000 Equity Shares to 305 successful applicants. The retail category has applied for 60.28% of the valid applications under the net ofter to public. The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Non Retaill Investors (After Technical Rejections):
The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs 40 per
Equity Share, was finalized in consultation with BSE. The category was subscribed 18.83
times. The total number of shares allotted in this category is 603000 Equity Shares.
The Board of Directors of the Company at its meeting held on October 24, 2017 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 and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on or before October 26, 2017. Further the instructions to Self Certified Syndicate Banks are being processed on or prior to October 25,2017, 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 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 respective meaning assigned to them in the Prospectus dated September 26, 2017 ('Prospectus') INVESTOR PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, KARVY COMPUTERSHARE PRIVATE LIMITED at www.karvycomputershare.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: KARVY COMPUTERSHARE PRIVATE LIMITED
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 PROSPECTUS OF KAARYA FACILITIES AND SERVICES LIMITED. |
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 Kaarya Facilities IPO .
The Kaarya Facilities IPO basis of allotment (published above) tells you how shares are allocated to you in Kaarya Facilities IPO and category wise demand of IPO share.
Visit the Kaarya Facilities IPO allotment status page to check the number of shares allocated to your application.
In Kaarya Facilities 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 Kaarya Facilities IPO basis of allotment document to know how the shares are allocated in Kaarya Facilities IPO.
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