Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
|
MARVEL DECOR LIMITED Corporate Identification Number: U18109GJ1996PLC030870 Our Company was incorporated as Modele Blinds and Components Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated October 04,1996, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed from Modele Blinds and Components Private Limited to Accumax Interior Products Private Limited vide shareholder's approval on June 12,2000 and certificate of incorporation dated June 30,2000, issued by Registrar of Companies, Gujarat, Ahmedabad. Further, the name of our Company was changed from Accumax Interior Products Private Limited to Marvel Decor Private Limited vide shareholder's approval on December 04,2017 and vide fresh certificate of incorporation dated January 05, 2018, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed to Marvel Decor Limited pursuant to conversion into a public company vide shareholder's approval on January 05,2018 and fresh certificate of incorporation dated January 23,2018, issued by Registrar of Companies, Gujarat, Ahmedabad. The Corporate Identification Number of Our Company is U18109GJ1996PLC030870. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 148 of the Prospectus. Registered Office: Plot No 211 GIDC Phase II, Dared
Jamnagar-361004, Gujarat, India. PROMOTERS OF THE COMPANY: MR. ASHOK RAMNIKLAL PAUN AND MR. DIPAK RAMNIKLAL PAUN BASIS OF ALLOTMENT PUBLIC ISSUE OF 46,16,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF MARVEL DECOR LMITED(''MDL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 57 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 47 PER EQUITY SHARE AGGREGATING RS 2626.12 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 2,36,000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION') AND A RESERVATION OF 1,00,000 EQUITY SHARES FOR PURCHASE BY ELIGIBLE EMPLOYEES AT A DISCOUNT OF 8.77% (EQUIVALENT TO RS 5) PER SHARE AGGREGRATING TO RS 52.00 LAKHS (THE 'EMPLOYEE RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION AND EMPLOYEE RESERVATION PORTION I.E. ISSUE OF 42,80,000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.09% AND 25.12% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL 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 256 OF THE PROSPECTUS. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. PROPOSED LISTING: FRIDAY, MARCH 23,2018* The 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 (ICDR)
Regulations, 2009, as amended from time to time. The Company has received an in-principle
approval letter dated February 28, 2018 from NSE for using its name in the offer document
for listing of its shares on NSE Emerge Platform. *Subject to receipt of listing and trading approvals from the National Stock
Exchange of India Limited. SUBSCRIPTION DETAILS The Issue has received 913 applications for 6062000 Equity Shares resulting in 1.31
times subscription (including reserved portion of Market Maker and Eligible Employees).
The details of the applications received in the Issue (before technical rejections) are as
follows:
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 20,2018. A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 236000 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 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.75 times. The total number of shares allotted in this category is 1598000 Equity Shares to 799 successful applicants. The Category-wise details of the Basis of Allotment are as under:
* The under subscribed 5,42,000 Equity Shares from Retail Individual Investors Category
have been spilled over to Other than Retail Individual Investors Category.
Includes original reservation of 2140000 Equity Shares and spill over from Retail
Individual Investors Category of 542000 Equity Shares & Eligible Employees Category of
52000 Equity shares.
'The under subscribed portion of 52000 Equity shares from Eligible Employee Category
have been spilled over to Other than Retail Individual Investors Category. The Board of
Directors of the Company at its meeting held on March 20,2018 has taken on record the
Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz.
National Stock 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 March 22,2018. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount are being processed on or prior to
March 22,2018. 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 concerned. 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. 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. BIGSHARE SERVICES PRIVATE 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 Marvel Decor IPO .
The Marvel Decor IPO basis of allotment (published above) tells you how shares are allocated to you in Marvel Decor IPO and category wise demand of IPO share.
Visit the Marvel Decor IPO allotment status page to check the number of shares allocated to your application.
In Marvel Decor 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 Marvel Decor IPO basis of allotment document to know how the shares are allocated in Marvel Decor IPO.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
