Free Account Opening + AMC Free Demat
Loading...
July 23, 2013 - July 26, 2013

Money Masters IPO Basis of Allotment

MONEY MASTERS LEASING & FINANCE LIMITED

(Incorporated as 'Money Masters Leasing & Finance Private Limited' at Mumbai on October 26, 1994 under the Companies Act, 1956 with the Registrar of Companies, Maharashtra. On February 09, 1996 the name of the Company was changed to 'Money Masters Leasing & Finance Limited'.)
Registered Office: 4, Akash Deep, Ground Floor, TPS VI, Road No. 1, Milan Subway, Santacruz (West), Mumbai-400054
Telefax: 022- 26103848, 26180202
Email: ipo.moneymasters@gmail.com; Website: http://moneymasters.in/

PROMOTERS OF THE COMPANY: MR. HOZEF ABDULHUSSAIN DARUKHANAWALA AND MRS. DURRIYA HOZEFA DARUKHANAWALA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 13,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 05 PER EQUITY SHARE) AGGREGATING TO RS. 200.40 LACS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 80,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 12,56,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.73% AND 27.95%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of the Prospectus dated July 11, 2013, and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors. The balance net offer to public category shall be available for allotment to (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for. Under subscription, if any, in any category would be allowed to be met with spill over from any of the other categories, at the sole discretion of the Company, in consultation with the Lead Managers and the Designated Stock Exchange. Explanation: For the purpose of Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS RS. 15 PER EQUITY SHARE AND IS 1.5TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON JULY 23, 2013 AND CLOSED ON JULY 26, 2013

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of the BSE Limited ('BSE'). In terms of the Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) 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 June 21, 2013 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ('BSE').
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 140 applications of 2008000 Equity Shares (including Market Maker Application of 80,000 Equity Shares) resulting in 1.503 times subscription. After considering, cheque return cases of 1 application of 8,000 Equity Shares, the Issue was subscribed 1.497 times. The details of applications received in the Issue (before technical rejections and valid withdrawals) are as follows:

Details of
Applications received
(before Technical Rejection)

Details of applications rejected by the Registrar on technical
grounds and details of valid withdrawals

CATEGORY NUMBER OF APPLICATION NUMBER OF EQUITY SHARES SUBSCRIPTION NUMBER OF APPLICATIONS NUMBER OF EQUITY
SHARES
Market Maker 1 80000 1.000 - -
Retail Individual Investors 122 976000 1.554 4 32000
Other Than
Retail Individual Investors
16 944000 1.503 - -
Total 139 2000000 1.497 4 32000

Details Of Application received (After Technical Rejection)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 80,000 1.000
Retail Individual Investors 118 944000 1.503
Other Than Retail Individual Investors 16 944000 1.503
Total 135 1968000 1.473

ALLOCATION: The basis of allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 06/08/2013.

A. Allocation to Market Maker (After Technical Rejection): The Basis of Allotment to the Market Maker, at the issue price of Rs. 15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 80,000 Equity Shares consisting of reserved portion of 80,000 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.15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.503 times. The total number of shares allotted in this category is 632000 Equity Shares including additional 4000 Equity Shares due to rounding off to the nearest market lot i.e. 8,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for
(Category Wise)
No. of
Applications
% to Total Total No. of Equity Shares Applied % to Total Proportionate Shares Available Application Per Applicant (Before Rounding Off) Application Per Applicant (After Rounding Off) Ratio Of Allottees to the Applicants Total No. of Equity Shares Allotted Surplus/
(Deficit)
8000 118 100.00 944000 100.00 628000.00 5322.03 8000 2:3 632000 4000
TOTAL 118 100.00 944000 100.00 628000.00 - -- -- 632000 4000

C. Allocation to Non Retail Investors (After Technical Rejections):The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE.The category was subscribed by 1.503 times. The total number of shares allotted in this category is 624000. The category wise basis of allotment is as under:

No. of Shares Applied for
(Category Wise)
No. of
Applications
% to Total Total No. of Equity Shares Applied % to Total Proportionate Shares Available Application Per Applicant (Before Rounding Off) Application Per Applicant (After Rounding Off) Ratio Of Allottees to the Applicants Total No. of Equity Shares Allotted Surplus/
(Deficit)
16000 3 18.75 48000 5.08 31932.20 10644.07 8000 Firm 24000 (7932.20)
32000 4 25.00 128000 13.56 85152.54 21288.14 24000 Firm 96000 10847.46
40000 1 6.25 40000 4.24 26610.17 26610.17 24000 Firm 24000 (2610.17)
64000 2 12.50 128000 13.56 85152.54 42576.27 40000 Firm 80000 (5152.54)
72000 4 25.00 288000 30.51 191593.22 47898.31 48000 Firm 192000 406.78
104000 1 6.25 104000 11.02 69186.44 69186.44 72000 Firm 72000 2813.56
208000 1 6.25 208000 22.03 138372.88 138372.88 136000 Firm 136000 (2372.88)
TOTAL 16 100.00 944000 100.00 628000.00 -- -- -- 624000 (4000)

The Board of Directors of the Company at its meeting held on August 6, 2013 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorised the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on August 7, 2013. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to August 7, 2013. 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 SME Platform of BSE Limited within 12 working days from the closure of the Issue.

The trading is proposed to commence on or before August 12, 2013 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details of allotment made would also be hosted on the website of the Registrar to the Issue, Universal Capital Securities Private Limited at www.unisec.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application has been lodged and payment details at the address of the Registrar to the Issue given below:

Universal Capital Securities Private Limited, Office: 21, Shakil Niwas, Opp Satya Saibaba Temple, Mahakali Caves Road, Andheri (East) Mumbai-400 093, Tel No.: + 91-22-28207203-05, Fax No.: +91-22-28207207, Contact Person: Mr. Ravindra Utekar/Mr. R J Jaiswar. Email id.: info@unisec.in, Website: www.unisec.in. SEBI Regn. No.: INR000004082

Date : 07.08.2013
Place : Mumbai
For Money Masters Leasing & Finance Limited
On Behalf of the Board Of Directors
Sd/-
(HOZEF ABDULHUSSAIN DARUKHANAWALA)Managing Director

Money Masters 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 Money Masters IPO .

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

Visit the Money Masters IPO allotment status page to check the number of shares allocated to your application.

In Money Masters 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 Money Masters IPO basis of allotment document to know how the shares are allocated in Money Masters IPO.