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| (This is only an advertisement for Information purposes and not a Prospectus announcement) | ||
| KRITIKA WIRES LIMITED | ||
| Corporate Identification Number: U27102WB2004PLC098699 |
Our Company was originally incorporated as "Kritika Wires Private Limited" on May 31, 2004 vide Registration no. 098699 (CIN: U27102WB2004PTC098699) under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Presently Registered office of our Company is situated at 1A. Bonfield Lane Mezanine Floor, Kolkata, West Bengal, India, 700001. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on April 05, 2018, our company was converted into a Public Limited Company and consequently the name of our Company was changed form "Kritika Wires Private Limited" to "Kritika Wires Limited" vide a fresh Certificate of Incorporation dated May 03, 2018 having CIN U27102WB2004PLC098699 issued by the Registrar of Companies, Kolkata.
| Registered Office: 1A, Bonfield Lane Mezanine Floor, Kolkata- 700001, West Bengal, India |
| Tel No: +91 33 40037817 | E-mail: compliance@kritikawires.com | Website: www.kritikawires.com |
| CONTACT PERSON: MR. MAHESH KUMAR SHARMA (COMPANY SECRETARY & COMPLIANCE OFFICER) |
| PROMOTERS OF OUR COMPANY: MR. NARESH KUMAR AGARWAL, MR. HANUMAN PRASAD AGARWAL, ALLTIME SUPPLIERS PRIVATE LIMITED, RA COMPTECH INVESTMENT & CONSULTANT PRIVATE LIMITED, MOHTA AGENCIES PRIVATE LIMITED AND BALAJI ELECTRODES PRIVATE LIMITED |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 48,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF KRITIKA WIRES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 32.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 22.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 1539.84 LAKHS ("ISSUE") OF WHICH 2,52,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH FOR A CASH PRICE OF RS. 32.00 PER EQUITY SHARE, AGGREGATING TO RS. 80.64 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 45,60,000 EQUITY SHARES OF FACE VALUE OF Rs.10.00 EACH AT AN ISSUE PRICE OF RS. 32.00 PER EQUITY SHARE AGGREGATING TO RS. 1459.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.11% and 25.69%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 292 OF THIS PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBIICDR REGULATIONS"), AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10.00 EACH AND THE ISSUE PRICE IS RS.32.00 EACH. |
THE ISSUE PRICE IS 3.2 TIMES OF THE FACE VALUE. |
ISSUE OPENED ON: WEDNESDAY, SEPTEMBER 26, 2018 AND CLOSED ON MONDAY, OCTOBER 01, 2018 |
PROPOSED LISTING: OCTOBER 10, 2018* |
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). Our Company has received an in-principle approval letter dated August 16, 2018 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about October 10, 2018.*
*Subject to receipt of listing and trading approvals from the NSE.
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 Syndicate Banks (the "SCSBs").
SUBSCRIPTION DETAILS
The issue has received 350 applications for 78,40,000 Equity Shares resulting in 1.6293 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows:
Detail of the Applications Received (Before Technical & Multiple Rejection):
| Category | Number Of Applications | % | Number Of Equity Shares | % | Subscription (Times) |
| Market Maker | 1 | 0.28 | 2,52,000 | 3.21 | 1.0000 |
| Retail Individual Investors | 267 | 76.29 | 10,68,000 | 13.62 | 0.4684 |
| Other than Retail Individual Investors | 82 | 23.43 | 65,20,000 | 83.17 | 2.8596 |
| TOTAL | 350 | 100.00 | 78,40,000 | 100.00 |
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
| Category | No. of Applications | No. of Equity Shares |
| Market Maker | Nil | Nil |
| Retail Individual Investors | 7 | 28,000 |
| Other than Retail Individual Investors | 2 | 2,32,000 |
| TOTAL | 9 | 2,60,000 |
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
| Category | No. of Applications | % | Reserved Portion (as per Prospectus) | No. of Valid Shares Applied | % of Total Applied | Subscription (Times) |
| Market Maker | 1 | 100 | 2,52,000 | 2,52,000 | 100 | 1.00 |
| TOTAL | 1 | 100 | 2,52,000 | 2,52,000 | 100 | 1.00 |
| Category | No. of Applications | % | Reserved Portion (as per Prospectus) | Proportionate Offer Size (After rounding off) | Proportionate Shares Available (After Spill Over)* | No. of Valid Shares applied | % of Total Applied | Subscription (Times) |
| Retail Individual Investors | 260 | 76.47 | 22,80,000 | 22,80,000 | 10,40,000 | 10,40,000 | 14.19 | 0.4561 |
| Other than Retail Individual Investors | 80 | 23.53 | 22,80,000 | 22,80,000 | 35,20,000 | 62,88,000 | 85.81 | 1.7863* |
| TOTAL | 340 | 100 | 45,60,000 | 45,60,000 | 45,60,000 | 73,28,000 | 100 |
* includes original reservation of 22,80,000 Equity shares and spill over of the unsubscribed portion from Retail Individual Investors Category of 12,40,000 Equity Shares.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on October 05, 2018.
A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.32 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,52,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
| No. of Shares Applied (or (Category wise) | No. of Applications received | % to Total | Total No. of Equity Shares applied in this Category | % of Total | Proportinate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to Applicant: Ratio 1 | Ratio of Allottees to Applicant: Ratio 2 | Number of Successful applicant (after rounding off) | Total No. of Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 2,52,000 | 1 | 100.00 | 2,52,000 | 100.00 | 2,52,000 | 2,52,000 | 2,52,000 | 1 | 1 | 1 | 2,52,000 | — |
| TOTAL | 1 | 100.00 | 2,52,000 | 100.00 | 2,52,000 | 1 | 2,52,000 | — |
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.32 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.4561 times i.e. for 10,40,000 Equity Shares. Total number of shares allotted in this category is 10,40,000 Equity Shares to 260 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 Equity Shares applied in this Category | % of Total | Proporti nate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to Applicant: Ratio 1 | Ratio of Allottees to Applicant: Ratio 2 | Number of Successful applicant (after rounding off) | Total No. of Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 4000 | 260 | 100.00 | 10,40,000 | 100.00 | 10,40,000 | 8769.23 | 4000 | 1 | 1 | 260 | 10,40,000 | -1240000 |
| TOTAL | 260 | 100.00 | 10,40,000 | 100.00 | 10,40,000 | 260 | 10,40,000 | -1240000 |
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs.32 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.7864 times i.e. for 62,88,000 shares. Total number of shares allotted in this category is 35,20,000 Equity Shares to 80 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 Equity Shares applied in this Category | % of Total | Proporti nate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to Applicant: Ratio 1 | Ratio of Allottees to Applicant: Ratio 2 | Number of Successful applicant (after rounding off) | Total No. of Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 8,000 | 5 | 6.25 | 40,000 | 0.64 | 22394 | 4478.80 | 4000 | 1 | 1 | 5 | 20000 | -2394 |
| 8000 | 0.00 | 4000 | 1 | 5 | 4000 | 4000 | ||||||
| 20,000 | 2 | 2.50 | 40,000 | 0.64 | 22392 | 11196.00 | 12000 | 1 | 1 | 2 | 24000 | 1608 |
| 24,000 | 5 | 6.25 | 120,000 | 1.91 | 67176 | 13435.20 | 12000 | 1 | 1 | 5 | 60000 | -7176 |
| 24000 | 0.00 | 4000 | 2 | 5 | 8000 | 8000 | ||||||
| 44,000 | 1 | 1.25 | 44,000 | 0.70 | 24631 | 24631 | 24000 | 1 | 1 | 1 | 24000 | -631 |
| 48,000 | 6 | 7.50 | 288,000 | 4.58 | 161221 | 26870.17 | 24000 | 1 | 1 | 6 | 144000 | -17221 |
| 48000 | 0.00 | 4000 | 2 | 3 | 16000 | 16000 | ||||||
| 64,000 | 1 | 1.25 | 64,000 | 1.02 | 35827 | 35827 | 36000 | 1 | 1 | 1 | 36000 | 173 |
| 76,000 | 2 | 2.50 | 152,000 | 2.42 | 85089 | 42544.50 | 40000 | 1 | 1 | 2 | 80000 | -5089 |
| 76000 | 0.00 | 4000 | 1 | 2 | 4000 | 4000 | ||||||
| 88,000 | 1 | 1.25 | 88,000 | 1.40 | 49262 | 49262 | 48000 | 1 | 1 | 1 | 48000 | -1262 |
| 100000 | 4 | 5.00 | 400000 | 6.36 | 223919 | 55979.75 | 56000 | 1 | 1 | 4 | 224000 | 81 |
| 116,000 | 1 | 1.25 | 116,000 | 1.84 | 64936 | 64936 | 64000 | 1 | 1 | 1 | 64000 | -936 |
| 128,000 | 1 | 1.25 | 128,000 | 2.04 | 71654 | 71654 | 72000 | 1 | 1 | 1 | 72000 | 346 |
| 220,000 | 2 | 2.50 | 440,000 | 7.00 | 246310 | 123155 | 124000 | 1 | 1 | 2 | 248000 | 1690 |
| 280,000 | 1 | 1.25 | 280,000 | 4.45 | 156743 | 156743 | 156000 | 1 | 1 | 1 | 156000 | -7.43 |
| 468,000 | 2 | 2.50 | 936,000 | 14.89 | 523969 | 261984.50 | 260000 | 1 | 1 | 2 | 520000 | -3969 |
| 468000 | 0.00 | 4000 | 1 | 2 | 4000 | 4000 | ||||||
| 6,28,000 | 1 | 1.25 | 6,28,000 | 9.99 | 351552 | 351552 | 352000 | 1 | 1 | 1 | 352000 | 448 |
| TOTAL | 80 | 100.00 | 62,88,000 | 100.00 | 3520000 | 80 | 3520000 | 0 |
The Board of Directors of the Company at its meeting held on October 05,2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on October 06, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories on or before October 08, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been issued on October 06, 2018. 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 SME Platform of National Stock Exchange of India Limited 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 meanings assigned to them in the Prospectus dated September 18, 2018 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, 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, 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:
| LINK INTIME INDIA PRIVATE LIMITED |
| C-101,1st Floor, 247 Park, LBS Marg, Vikhroli (West), Mumbai- 400083, Maharshtra, India |
| Tel. No.: +91 22 49186200 | Fax No.: +91 22 49186195 |
| Website: www.linkintime.co.in; | Email: kritika.ipo@linkintime.co.in |
| Investor Grievance Email: kritika.ipo@linkintime.co.in |
| Contact Person: Ms. Shanti Gopalkrishnan | SEBI Regn. No. INR000004058 |
| Registrar & Share Transfer Agent to the Company - Link Intime India Private Limited |
| For Kritika Wires Limited | |
| For and on behalf of Board of Directors | |
| Sd/ | |
| Hanuman Prasad Agarwal | |
| Place: Kolkata | Managing Director |
| Date: 08.10.2018 | DIN:- 00654218 |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUTY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF KRITIKA WIRES 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 Kritika Wires IPO .
The Kritika Wires IPO basis of allotment (published above) tells you how shares are allocated to you in Kritika Wires IPO and category wise demand of IPO share.
Visit the Kritika Wires IPO allotment status page to check the number of shares allocated to your application.
In Kritika Wires 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 Kritika Wires IPO basis of allotment document to know how the shares are allocated in Kritika Wires IPO.
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