|
PC Jeweller Limited
Our Company was incorporated on April 13,2005 in New Delhi
under the Companies Act, 1956, as amended ('Companies Act') as a private limited
company under the name 'P Chand Jewellers Private Limited' with the Registrar of
Companies, National Capital Territory of Delhi and Haryana ('RoC'). Our Company
was converted into a public limited company, pursuant to a resolution passed by our
shareholders on July 5,2011, following which our name was changed to 'PC Jeweller
Limited', and a fresh certificate of incorporation was issued by the RoC on August 2,
2011. For further details of the changes in our name, see 'History and Certain
Corporate Matters' on page 139 of the Prospectus dated December 16,2012 filed with
the RoC ('Prospectus'). Registered Office: 24/2708, Bank
Street, Karol Bagh, New Delhi 110 005; Tel: (+91 11) 4710 4810; Fax:
(+91 11) 2872 0811 Corporate Office: C-54, Preet Vihar, New Delhi 110 092
Contact Person and Compliance Officer: Mr. Vijay Panwar, Company
Secretary; Tel: (+9111) 49714971 Extn.:222; Fax: (+91
11)4971 4972; E-mail: investors@pcjewellers.com
Website: www.pcjeweller.com
Promoters: Mr. Padam Chand Gupta and Mr. Balram
Garg
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 45,133,500 EQUITY SHARES OF FACE VALUE
OF RS.10 EACH ('EQUITY SHARES') OF PC JEWELLER LIMITED ('PCJ' OR
'OUR COMPANY' OR 'THE COMPANY' OR THE 'ISSUER') FOR CASH AT
A PRICE OF RS.135 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS.
6,013.08 MILLION (THE 'ISSUE'). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF
44,775,000 EQUITY SHARES (THE 'NET ISSUE') AND A RESERVATION OF 358,500 EQUITY
SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED IN THE PROSPECTUS) (THE
'EMPLOYEE RESERVATION PORTION'). THE ISSUE CONSTITUTED 25.20% OF THE POST ISSUE
PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY AND THE NET ISSUE CONSTITUTED 25.00% OF THE
POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY
#Discount of Rs. 5 to the issue Price was offeredto Retail Individual Bidders
(the'Retail Discount') and eligible employees bidding in the Employee
Reservation portion (the'Employee Discount'), respectively.
Bid/Issue opened on December 10,2012 and closed on December 12,2012*
* Anchor Investor bidding date was December 7,2012
The face value per Equity Share is RS.10. The Issue Price per Equity Share is RS.135 and
it is 13.5 times the face value
The Equity Shares of the Company are proposed to be listed on the BSE Limited
('BSE') and the National Stock Exchange of India Limited ('NSE') and
the trading is expected to commence on or about December 27,2012
This Issue was made in terms of Rule 19 (2)(b)(i) of the Securities Contracts
(Regulation) Rules, 1957, asamended, and pursuant to Regulation 26(1) of the the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2009, as amended, (the 'SEBI ICDR Regulations'), through the Book
Building Process, wherein 50% of the Net Issue was allocated on a proportionate basis to
Qualified Institutional Buyers ('QIBs') ('QIB Portion'). Our Company
has allotted 6,716,250 Equity Shares to Anchor Investors, on a discretionary basis (the
'Anchor Investor Portion'), at the Anchor Investor Issue Price of Rs 135/- per
Equity Share. Further, 5% of the QIB Portion (excluding Anchor Investor Portion) was
available for allocation on a proportionate basis to Mutual Funds only. The remainder of
the QIB Portion was available for allocation on a proportionate basis to QIBs including
Mutual Funds, subject to valid Bids being received from them at or above the Issue Price.
In addition, not less than 15% of the Net Issue was available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue
was available for allocation to Retail Individual Bidders, in accordance with SEBI ICDR
Regulations, subject to valid Bids being received at or above the Issue Price.
The Issue received 179,237applications for 271,217,880 equity shares resulting in
6.01 times subscription.
The details of the applications received in the Issue from Qualified Institutional Buyers,
Non-Institutional Bidders, Retail Individual Bidders, Eligible Employees and Anchor
Investors are as under (Before technical rejections, but after cheque returns):
| Category |
No. of
Applications |
No. of
Shares |
No. of
Times Subscription |
| A |
Retail Individual Bidders |
178,522 |
25,888,590 |
1.65 |
| B |
Non Institutional Bidders |
108 |
121,163,310 |
18.04 |
| C |
Qualified Institutional Bidders (excl Anchor Investors) |
81 |
114,888,600 |
7.33 |
| D |
Anchors |
11 |
8,956,440 |
1.33 |
| E |
Eligible Employees |
515 |
320,940 |
0.90 |
| TOTAL |
179,237 |
271,217,880 |
6.01 |
Final Demand
A summary of the final demand as perthe BSE and the NSE at different bid prices is as
under:
Bid
Price |
No. of
Equity Shares |
% to
Total |
Cumulative
Total |
Cumulative%
to total |
| 125 |
191,880 |
0.07 |
191,880 |
0.07 |
| 126 |
8,190 |
0.00 |
200,070 |
0.08 |
| 127 |
7,200 |
0.00 |
207,270 |
0.08 |
| 128 |
12,870 |
0.00 |
220,140 |
0.08 |
| 129 |
2,970 |
0.00 |
223,110 |
0.08 |
| 130 |
724,320 |
0.27 |
947,430 |
0.36 |
Bid
Price |
No. of
Equity Shares |
% to
Total |
Cumulative
Total |
Cumulative%
to total |
| 131 |
2,430 |
0.00 |
949,860 |
0.36 |
| 132 |
6,480 |
0.00 |
956,340 |
0.36 |
| 133 |
630 |
0.00 |
956,970 |
0.36 |
| 134 |
630 |
0.00 |
957,600 |
0.36 |
| 135 |
238,545,090 |
90.49 |
239,502,690 |
90.85 |
| Cutoff |
24,117,840 |
9.15 |
263,620,530 |
100.00 |
The Basis of Allotment was finalized in consultation with BSE, being the Designated
Stock Exchange on December 21,2012.
A. Allotment to Eligible Employees (After Technical Rejection) (Including ASBA
Applications)
The Basis of Allotment to the Eligible Employees of the Company was finalized on a
proportionate basis in consultation with BSE. The category has been subscribed to the
extent of 0.82 times. The total number of shares Allotted in this category is 295,380. The
under subscription of 63,120 Equity shares in the Employee Reservation Portion was added
back to the Net Issue (Retail Investors, Non Institutional Bidders and Qualified
Institutional Bidders in the ratio of 35:15:50)
B. Allotment to Retail Individual Bidders (After Technical Rejection) (Including
ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders was finalized in accordance
with SEBI ICDR Regulations and Prospectus, in consultation with BSE. This category has
been subscribed to the extent of 1.60 times. The total number of Equity Shares Allotted in
the Retail Individual Bidder category is 15,693,342 Equity Shares, including spill over
from Eligible Employee Reservation Category, Allotted to 174,370 successful applicants.
The category-wise details of the Basis of Allotment are as under:
| Category |
No. Of Applns. |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares per
applicant |
Ratio |
Total No. of Equity Shares allotted |
| 90 |
155,169 |
89 |
13,965,210 |
56 |
90 |
1:1 |
13,965,210 |
| 180 |
6,341 |
4 |
1,141,380 |
5 |
90 |
1:1 |
570,690 |
| 270 |
2,250 |
1 |
607,500 |
2 |
90 |
1:1 |
202,500 |
| 360 |
2,026 |
1 |
729,360 |
3 |
90 |
1:1 |
182,340 |
| 450 |
1,181 |
1 |
531,450 |
2 |
90 |
1:1 |
106,290 |
| 540 |
584 |
0 |
315,360 |
1 |
90 |
1:1 |
52,560 |
| 630 |
363 |
0 |
228,690 |
1 |
90 |
1:1 |
32,670 |
| 720 |
1,622 |
1 |
1,167,840 |
5 |
90 |
1:1 |
145,980 |
| 810 |
461 |
0 |
373,410 |
1 |
90 |
1:1 |
41,490 |
| 900 |
410 |
0 |
369,000 |
1 |
90 |
1:1 |
36,900 |
| Category |
No. of Applns. |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares per
applicant |
Ratio |
Total No. of Equity Shares allotted |
| 990 |
175 |
0 |
173,250 |
1 |
90 |
1:1 |
15,750 |
| 1080 |
180 |
0 |
194,400 |
1 |
90 |
1:1 |
16,200 |
| 1170 |
121 |
0 |
141,570 |
1 |
90 |
1:1 |
10,890 |
| 1260 |
55 |
0 |
69,300 |
0 |
90 |
1:1 |
4,950 |
| 1350 |
89 |
0 |
120,150 |
0 |
90 |
1:1 |
8,010 |
| 1440 |
1,011 |
1 |
1,455,840 |
6 |
90 |
1:1 |
90,990 |
| 1530 |
2,332 |
1 |
3,567,960 |
14 |
90 |
1:1 |
209,880 |
|
|
|
|
|
1 |
42:19201 |
42 |
Total |
174,370 |
100 |
25,151,670 |
100 |
|
|
15,693,342 |
C. Allotment to Non Institutional Bidders (After Technical
Rejection) (Including ASBA Applications)
The Basis of Allotment to the Non Institutional Bidders who have bid at the Issue
Price of ?135 per Equity Share was finalized on a proportionate basis in consultation with
BSE. This category has been subscribed to the extent of 17.93 times. The total number of
equity shares allotted inthe Non Institutional Bidder category is6,725,718 Equity Shares,
including spillover from Eligible Employee Category, Allotted to 104 successful
applicants. The category wise details of the Basis of Allotment are as under:
| Category |
No. of Applns. |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares per applicant |
Ratio |
Total No. of Equity Shares allotted |
| 1,530 |
5 |
4.81 |
7,650 |
0.01 |
90 |
1:1 |
450 |
| 1,800 |
3 |
2.88 |
5,400 |
0.00 |
100 |
1:1 |
300 |
| 2,160 |
1 |
0.96 |
2,160 |
0.00 |
120 |
1:1 |
120 |
| 2,250 |
1 |
0.96 |
2,250 |
0.00 |
125 |
1:1 |
125 |
| 2,430 |
1 |
0.96 |
2,430 |
0.00 |
136 |
1:1 |
136 |
| 2,970 |
1 |
0.96 |
2,970 |
0.00 |
166 |
1:1 |
166 |
| 3,690 |
2 |
1.92 |
7,380 |
0.01 |
206 |
1:1 |
412 |
| 4,410 |
1 |
0.96 |
4,410 |
0.00 |
246 |
1:1 |
246 |
| 4,500 |
1 |
0.96 |
4,500 |
0.00 |
251 |
1:1 |
251 |
| 4,590 |
4 |
3.85 |
18,360 |
0.02 |
256 |
1:1 |
1,024 |
| 7,380 |
9 |
8.65 |
66,420 |
0.06 |
412 |
1:1 |
3,708 |
| 7,650 |
1 |
0.96 |
7,650 |
0.01 |
427 |
1:1 |
427 |
| 8,640 |
1 |
0.96 |
8,640 |
0.01 |
482 |
1:1 |
482 |
| 11,070 |
1 |
0.96 |
11,070 |
0.01 |
617 |
1:1 |
617 |
| 14,760 |
4 |
3.85 |
59,040 |
0.05 |
823 |
1:1 |
3,292 |
| 15,030 |
1 |
0.96 |
15,030 |
0.01 |
838 |
1:1 |
838 |
| 18,720 |
1 |
0.96 |
18,720 |
0.02 |
1,044 |
1:1 |
1,044 |
| 18,810 |
2 |
1.92 |
37,620 |
0.03 |
1,049 |
1:1 |
2,098 |
| 18,900 |
1 |
0.96 |
18,900 |
0.02 |
1,054 |
1:1 |
1,054 |
| 19,800 |
1 |
0.96 |
19,800 |
0.02 |
1,104 |
1:1 |
1,104 |
| 22,140 |
3 |
2.88 |
66,420 |
0.06 |
1,235 |
1:1 |
3,705 |
| 24,930 |
1 |
0.96 |
24,930 |
0.02 |
1,390 |
1:1 |
1,390 |
| 33,300 |
1 |
0.96 |
33,300 |
0.03 |
1,857 |
1:1 |
1,857 |
| 36,990 |
1 |
0.96 |
36,990 |
0.03 |
2,063 |
1:1 |
2,063 |
| 37,080 |
1 |
0.96 |
37,080 |
0.03 |
2,068 |
1:1 |
2,068 |
| 44,370 |
1 |
0.96 |
44,370 |
0.04 |
2,475 |
1:1 |
2,475 |
| 50,400 |
1 |
0.96 |
50,400 |
0.04 |
2,811 |
1:1 |
2,811 |
| 57,510 |
1 |
0.96 |
57,510 |
0.05 |
3,207 |
1:1 |
3,207 |
| 57,780 |
1 |
0.96 |
57,780 |
0.05 |
3,222 |
1:1 |
3,222 |
| 74,070 |
3 |
2.88 |
222,210 |
0.18 |
4,131 |
1:1 |
12,393 |
| 76,950 |
1 |
0.96 |
76,950 |
0.06 |
4,291 |
1:1 |
4,291 |
| 145,800 |
1 |
0.96 |
145,800 |
0.12 |
8,131 |
1:1 |
8,131 |
| 148,140 |
1 |
0.96 |
148,140 |
0.12 |
8,262 |
1:1 |
8,262 |
| 218,700 |
1 |
0.96 |
218,700 |
0.18 |
12,197 |
1:1 |
12,197 |
| 222,210 |
1 |
0.96 |
222,210 |
0.18 |
12,393 |
1:1 |
12,393 |
| Category |
No. of Applns. |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares per applicant |
Ratio |
Total No. of Equity Shares allotted |
| 225,000 |
1 |
0.96 |
225,000 |
0.19 |
12,548 |
1:1 |
12,548 |
| 243,000 |
1 |
0.96 |
243,000 |
0.20 |
13,552 |
1:1 |
13,552 |
| 296,280 |
1 |
0.96 |
296,280 |
0.25 |
16,523 |
1:1 |
16,523 |
| 299,700 |
1 |
0.96 |
299,700 |
0.25 |
16,714 |
1:1 |
16,714 |
| 364,500 |
1 |
0.96 |
364,500 |
0.30 |
20,328 |
1:1 |
20,328 |
| 370,350 |
3 |
2.88 |
1,111,050 |
0.92 |
20,654 |
1:1 |
61,962 |
| 396,900 |
1 |
0.96 |
396,900 |
0.33 |
22,135 |
1:1 |
22,135 |
| 405,000 |
1 |
0.96 |
405,000 |
0.34 |
22,587 |
1:1 |
22,587 |
| 446,130 |
1 |
0.96 |
446,130 |
0.37 |
24,881 |
1:1 |
24,881 |
| 518,400 |
1 |
0.96 |
518,400 |
0.43 |
28,911 |
1:1 |
28,911 |
| 550,800 |
1 |
0.96 |
550,800 |
0.46 |
30,718 |
1:1 |
30,718 |
| 702,720 |
1 |
0.96 |
702,720 |
0.58 |
39,191 |
1:1 |
39,191 |
| 740,340 |
1 |
0.96 |
740,340 |
0.61 |
41,289 |
1:1 |
41,289 |
| 740,700 |
4 |
3.85 |
2,962,800 |
2.46 |
41,309 |
1:1 |
165,236 |
| 793,800 |
1 |
0.96 |
793,800 |
0.66 |
44,270 |
1:1 |
44,270 |
| 1,066,140 |
1 |
0.96 |
1,066,140 |
0.88 |
59,458 |
1:1 |
59,458 |
| 1,134,000 |
1 |
0.96 |
1,134,000 |
0.94 |
63,243 |
1:1 |
63,243 |
| 1,208,250 |
1 |
0.96 |
1,208,250 |
1.00 |
67,384 |
1:1 |
67,384 |
| 1,481,400 |
1 |
0.96 |
1,481,400 |
1.23 |
82,617 |
1:1 |
82,617 |
| 1,851,840 |
2 |
1.92 |
3,703,680 |
3.07 |
103,277 |
1:1 |
206,554 |
| 2,070,000 |
1 |
0.96 |
2,070,000 |
1.72 |
115,443 |
1:1 |
115,443 |
| 2,099,970 |
1 |
0.96 |
2,099,970 |
1.74 |
117,115 |
1:1 |
117,115 |
| 2,285,190 |
1 |
0.96 |
2,285,190 |
1.89 |
127,445 |
1:1 |
127,445 |
| 2,861,640 |
1 |
0.96 |
2,861,640 |
2.37 |
159,593 |
1:1 |
159,593 |
| 3,499,920 |
1 |
0.96 |
3,499,920 |
2.90 |
195,190 |
1:1 |
195,190 |
| 3,703,680 |
3 |
2.88 |
11,111,040 |
9.21 |
206,553 |
1:1 |
619,659 |
| 4,074,030 |
1 |
0.96 |
4,074,030 |
3.38 |
227,208 |
1:1 |
227,208 |
| 5,925,870 |
1 |
0.96 |
5,925,870 |
4.91 |
330,484 |
1:1 |
330,484 |
| 7,407,360 |
3 |
2.88 |
22,222,080 |
18.43 |
413,107 |
1:1 |
1,239,321 |
| 10,740,690 |
1 |
0.96 |
10,740,690 |
8.91 |
598,999 |
1:1 |
598,999 |
| 11,072,880 |
1 |
0.96 |
11,072,880 |
9.18 |
617,525 |
1:1 |
617,525 |
| 11,110,500 |
1 |
0.96 |
11,110,500 |
9.21 |
619,623 |
1:1 |
619,623 |
| 11,111,040 |
1 |
0.96 |
11,111,040 |
9.21 |
619,653 |
1:1 |
619,653 |
| Total |
104 |
100 |
120,597,930 |
100 |
|
|
6,725,718 |
D.Allotment to QIBs (excluding Anchor Investors)
(After Technical Rejections)(including ASBA Applications)
The Basis of Allotment to QIBs who have bid at the Issue Price of Rs.135 per Equity Share
was finalisedon a proportionate basis in consultation with BSE. This category has been
subscribed to the extent of 7.82 times. As per the SEBI ICDR Regulations, Mutual Funds
were initialy Allotted 5% of the quantum of shares available i.e 785,141 Equity Shares
including spill over from the Eligible Reservation Category and other QIBs and unsatisfied
demands of Mutual funds were Allotted the remaining available shares i.e 14,917,669 Equity
Shares including spill over from the Eligible Employee Reservation Category. The total
number of Equity Shares Allotted in QIB Category is 15,702,810 Equity shares with were
allotted to 81 successful applicants. The category-wise details of the Basis of allotment
are as under:
| Category |
Fls/Bank |
FIIs |
MFs |
ICs |
VCs |
Total No. Of Equity Shares allotted |
| QIB |
2,907,626 |
9,096,036 |
1,820,426 |
1,878,722 |
- |
15,702,810 |
E. Allocation to Anchor lnvestors
The Company has allocated 67,16,250 Equity Shares to 11 Anchor Investors in
consultation with the BRLMs and the CBRLM who have bid atthe Issue Price of Rs.135. In
accordance with SEBI ICDR Regulations, this represents 30% of the QIB Portion. The Board
of Directors of the Company at its meeting held on December 22,2012 has taken on record
the Basis of Allotment of Equity Shares of the Issue and has allotted the Equity Shares to
various successful applicants.
The Refund Orders and allotment advice and/or notices have been dispatched on December
26, 2012 to the address of the investors as registered with the depositories. Further the
instructions to the Self Certified Syndicate Banks have been dispatched /mailed on
December22, 2012. In case the same is not received within ten days, investors may contact
the Registrar to the issue at the address given below.
The Refund Orders have been over-printed with the Bank Account detailsas
registered. if any with the depositories. Commencement of Trading: The Equity Shares
Allotted to successful applicants have been credited on December 24,2012 to the
beneficiary accounts subject to validation of the account details with the depositories
concerned. The Equity Shares are proposed to be listed on BSE and NSE and trading will
commence on December 27,2012.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the Allotment made shall be hosted on the website of the Registrarto
the Issue, Karvy Computer share Private Limited at http://karisma.karvy.com
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 Bid-Cum
Application Form, number of Equity Shares bid for, name of the member of the Syndicate and
place where the Bid-Cum Application Form was submitted and payment details at the address
given below:
Karvy Computershare Private Limited ¦
Plot Nos. 17-24, VittalRao Nagar,
Madhapur, Hyderabad 500 081
Tel: (91 40) 4465 5000; Fax: (9140) 23431551;
Email: pcjeweller.ipo@karvy.com;
Website: http://karisma.karvy.com
Place: NewDelhi
Date: December 26,2012 |
For PC Jeweller Lrmted
sd/-
Managing Director |
|
Zerodha (Trading Account)
RHP
