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Our Company was originally incorporated as Richway Infrastructure Limited under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated August 11.2011 bearing Registration No. 220879. issued by Registrar of Companies. Maharashtra. Mumbai and obtained Certificate for Commencement of Business in the same name on September 12,2011. Further, pursuant to a special resolution passed by the shareholder of the Company at the Extra Ordinary General Meeting held on June 28, 2017. Our Company's name was changed to Suumaya Lifestyie Limited. A fresh certificate of incorporation consequent upon change of name was issued on July 07.2017 by the Registrar of Companies. Mumbai. The Corporate Identification Number of our Company is U70102MH2011 PLC220879.For further details, please refer to chapter tilled "History and Certain other Corporate Matters" beginning on page no. 119 of this Prospectus,
Registered Office: Gala No, 5F/D, Malad
Industrial Units, Coop Soc Ltd, Kachpada. Ramchandra Lane Extension. Malad (W). Mumbai -
400 064, Maharashtra. India. Tel No: 022-19712096 | E-mail:
info@suumayalifestyle.com | Website:
www.suumayalifestyle.com
Contact Person; Mr. Shubham Gandhi, Company Secretary and Compliance
Officer
Promoters of our Company: Ms. Ishita Mahesfi Gala and Indiacredit Risk Management LLP
BASIS OF ALLOTMENT
PUBLIC OFFER OF 76,88,000 EQUITY SHARES OF RS 10/- EACH ("EQUITY SHARES') OF SUUMAYA LIFESTYLE LIMITED ("SLL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 18 PER SHARE (THE '"OFFER PRICE" AGGREGATING TO RS 1383.84 LAKHS ("THE OFFER") CONSISTING OF FRESH ISUE OF UPTO 18,88,000 EQUITY SHARES AGGREGATING TO RS 339.84 LAKHS AND AN OFFER FOR SALE OF 58,00,000 EQUITY SHARES BY THE SELLING SHAREHOLDER AGGREGATING TO RS 1044 LAKHS ("OFFER FOR SALE").OF WHICH UPTO 3,92,000 EQUITY SHARES OF RS 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF UPTO 72.96.000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET OFFER" THE OFFER AND THE NET OFFER WILL CONSTITUTE 32.98% AND 30.39% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF EQUITY SHARES IS 10 EACH AND THE OFFER
PRICE OF 18 IS 1.8
TIME OF THE FACE VALUE.
ISSUE |
OPENED ON: TUESDAY,MAY 22, 2018 |
PROPOSED LISTING: June 04,2018
LISTING: The Equity Shares of our Company offered through this Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange ofi India Limited ("NSE"). In terms of the Chapter XB at the SEBl (ICDR) Regulations, 2009. as amended from time to time. Our Company has received an approval letter dated March 16,2016 from NSE for using its name in this offer document for listing our shares on the EMERGE Platform of NSE. For the purpose of this Offer, EMERGE Platform of National Stock Exchange of India will be the Designated Stock Exchange.
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 650 applications for 8760000 Equity Shares resulting, in 1.14
times subscription (including reserved portion of market maker).The details of the
applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
Category | No. of Applicants | % to Total | No. of Equity Shares | % to Total | Subscription (Times) |
Market Maker | 1 | 0.15 | 392000 | 4.47 | 1.00 |
Retail Individual Investors | 26 | 4.00 | 3384000 | 38.64 | 0.93 |
Other than Retail Individual Investors | 623 | 95.85 | 4984000 | 56.89 | 1.37 |
TOTAL | 650 | 100 | 8760000 | 100 |
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
Catepgry | No. of Applications | No. of Equity Shares |
Market Maker | 0 | 0 |
Retail individual investors | 6 | 48000 |
Other than Retail Individual Investors | 0 | 0 |
TOTAL | 6 | 48000 |
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
Category | No.of Applications |
% to Total | Issue Size (as per Prospectus) | Proportionate Issue Size (After rounding off) |
No. of Valid Shares applied |
% of Total Applied | Subscription (Times) | Revised* Subscription (Times) |
Market Makerr | 1 | 0.16 | 392000 | 392000 | 392000 | 4.50 | 1.00 | 1.00 |
Other than Retail Individual Investor's | 26 | 4.04 | 3648000 | 3648000 | 3384000 | 38.84 | 0.93 | 0.93 |
Retail individual investor's | 617 | 95.80 | 3648000 | 3648000 | 4936000 | 56.66 | 1.35 | 1.35 |
TOTAL | 644 | 100 | 7688000 | 7688000 | 8712000 | 100.00 | 1.13 | 1.13 |
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - NSE Limited on May 30, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of 18 per Equity Share, was
finalised in consultation with NSE Limited. The category was subscribed by 1 times. The
total number of shares allotted in this category is 392000 Equity shares.
The category wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No of Appli cations received |
% to Total | Total No. of Shares applied in each Category |
% to Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 | Ratio of Allottees to Appli cants: Ratio 2 |
Number of Successful applicant (after rounding off) |
Total No. of Shares allocated/ allotted |
No of Shares Surplus/ Deficit |
392000 | 1 | 100 | 392000 | 100 | 392000 | 392000 | 392000 | 1 | 1 | 1 | 392000 | 0 |
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the
issue price of 18 per Equity Share, was finalized in consultation with NSE Limited. The
category was subscribed by 1.35 times i.e. for 4936000 Equity Shares. Total number of
Shares allotted in this category is 3648000 Equity Shares to 617 Successful applicants.
The category wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No of Appli cations received |
% to Total | Total No. of Shares applied in each Category |
% to Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 | Ratio of Allottees to Appli cants: Ratio 2 |
Number of Successful applicant (after rounding off) |
Total No. of Shares allocated/ allotted |
No of Shares Surplus/ Deficit |
8000 | 617 | 100.00 | 4936000 | 100.00 | 3912000 | 6340.36 | 8000 | 42 | 53 | 489 | 3912000 | 0 |
C. Allocation to Other than Retail individual Investors (Alter Technical
Rejections 4 Withdrawal): The Oasis ol Allotment to Other than Retail Individual
investors, at the issue price of 13 per Equity Share, was finalized in consultation with
NSE Limited. The category was subscribed by 0-93 times i.e. for 3364000 shares. The total
number of shares allotted in this category Is 9648000 Equity Shares to 26 successful
applicants.
The category wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category wise) |
No of Appli cations received |
% to Total | Total No. of Shares applied in each Category |
% to Total |
Proporti nate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 | Ratio of Allottees to Appli cants: Ratio 2 |
Number of Successful applicant (after rounding off) |
Total No. of Shares allocated/ allotted |
No of Shares Surplus/ Deficit |
16000 | 7 | 26.92 | 112000 | 3.31 | 112000 | 16000.00 | 16000 | 1 | 1 | 7 | 112000 | 0 |
24000 | 6 | 23.08 | 144000 | 4.26 | 144000 | 24000.00 | 24000 | 1 | 1 | 6 | 144000 | 0 |
32000 | 1 | 3.85 | 32000 | 0.95 | 32000 | 32000.00 | 32000 | 1 | 1 | 1 | 32000 | 0 |
56000 | 2 | 7.69 | 112000 | 3.31 | 112000 | 56000.00 | 56000 | 1 | 1 | 2 | 112000 | 0 |
80000 | 1 | 3.85 | 80000 | 2.36 | 80000 | 80000.00 | 80000 | 1 | 1 | 1 | 80000 | 0 |
136000 | 2 | 7.69 | 272000 | 8 .04 | 272000 | 136000.00 | 136000 | 1 | 1 | 2 | 272000 | 0 |
144000 | 1 | 3.85 | 144000 | 4.26 | 144000 | 144000.00 | 144000 | 1 | 1 | 1 | 144000 | 0 |
200000 | 3 | 11.54 | 600000 | 17.73 | 600000 | 200000.00 | 200000 | 1 | 1 | 3 | 600000 | 0 |
440000 | 1 | 3.85 | 440000 | 13.00 | 440000 | 440000.00 | 440000 | 1 | 1 | 1 | 440000 | 0 |
560000 | 1 | 3.85 | 560000 | 16.55 | 560000 | 560000.00 | 560000 | 1 | 1 | 1 | 560000 | 0 |
888000 | 1 | 3.85 | 888000 | 26.24 | 888000 | 888000.00 | 888000 | 1 | 1 | 1 | 888000 | 0 |
TOTAL | 26 | 3384000 | 100 | 3384000 | 26 | 3384000 | 0 |
The Board of Directors of the Company at its meeting held on May 31, 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 May 31, 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 nonces will be forwarded to the
address of the Applicants as registered with the depositories / as filled in the
application form on or before June 04, 2018. Further, the instructions to Self Certified
Syndicate Banks for unblocking the amount has been processed on or before May 31.2018. 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
EMERGE Platform of NSE 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 April 30, 2018
("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, (Bigshara Services Private Limited) at www.bigshareonline.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 bad been lodged and payment details at the address of the Registrar given below:
Gretex Corporate Services Private Limited
102.1st Floor, Atrium - 2. Behind Courtyard Marriott
Hotel, Andheri Kurta Road, Hanuman Nagar,
Andheri-East, Mumbai - 400093
Tel: +91-9836821999/9836822199: Facsimile:+91-022-4002 5273
Website: www.gretexcorporate.com:
Email: info@gretexgroup.com
Investor Grievance Email: info@gretexgroup.com
Contact Person: Ms Amina Khan
SEBl Registration No: INM000012177
Place : Mumbai Date : 31/05/2018 |
For Suumaya Lifestyle 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 Suumaya Lifestyle IPO .
The Suumaya Lifestyle IPO basis of allotment (published above) tells you how shares are allocated to you in Suumaya Lifestyle IPO and category wise demand of IPO share.
Visit the Suumaya Lifestyle IPO allotment status page to check the number of shares allocated to your application.
In Suumaya Lifestyle 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 Suumaya Lifestyle IPO basis of allotment document to know how the shares are allocated in Suumaya Lifestyle IPO.
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