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TEAMLEASE SERVICES LIMITED Our Company was originally incorporated as a private limited company, under the Companies Act, 1956 on February 02, 2000 with Registrar of Companies, Mumbai, Maharashtra. India, under the name India Life Chakravarti Actuarial Services Private Limited in Mumbai, India, The name of our Company was changed to Team Lease Services Private Limited and a fresh certificate of incorporation consequent upon change of name was issued on January 24, 2002, Our Company was converted into a public limited company on May 15.2015 and the name of our Company was changed to Team Lease Services Limited and a fresh certificate of incorporation was issued on May 15,2015, Subsequently. The name of our Company was changed to TeamLease Services Limited and a fresh certifcate of incorporation was issued on July 24, 2015, For details of change in the name and Registered Office of our Compan was changed to Teamlease services limited and a fresh certificate of incorporation was issued on July 24,2015. For details of change in the name and registered office of our company please refer to "History and Certain Corporate Matters" on page 148 of the Prospectus-. Registered Office: Office No 6, 3rd Floor, C Wing, Laxmi Towers. Bandra Kurla Complex, Bandra (East). Mumbai 400 051, Maharashtra, India: Tel: + 91 22 6641 9500. Fax: + 9122 2656 6548. Corporate Office 6th Floor, BMTC Commercial Complex 80 Feet Road. Koremangala, Bengaluru 560 095. Karnataka, India; Tel: + 91 80 3300 2345; Fax; +91 80 3324 3001 Contact Person and Compliance Officer: Mruthunjaya Murthy C., Company Secretary and Compliance Officer. Tel: +91 80 3324 3406; Fax: +91 80 3324 3001: E-mail: corporateaffairs@teamlease.com Website: www.teamlease.com Corporate Identity Number: U74140MH2OO0PLC124003. The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE"} and the BSE Limited ("BSE"). The Company has received listing & trading approvals from NSE and BSE and trading in equity shares will commence on February 12,2016", OUR PROMOTERS; MANISH MAHENDRA SABHARWAL, ASHOK KUMAR NEDURUMALLI, MOHITKARAN VIRENDRA GUPTA, HR OFFSHOR1NG VENTURES PTE LTD., MKS MANAGEMENT CONSULTANCY SERVICES LLP, NED CONSULTANTS LLP AND DHANA MANAGEMENT CONSULTANCY LLP, PUBLIC ISSUE OF 4,984,438 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF TEAM LEASE SERVICES LIMITED ("COMPANY" OR "ISSUER') FOR CASH AT A PRICE OF RS 850 PER EQUITY SHARE {INCLUDING A SHARE PREMIUM OF RS 840 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO RS. 4.236.77 MILLION COMPRISING OF A FRESH ISSUE OF 1,764,705 EQUITY SHARES BY OUR COMPANY AGGREGATI NG TO RS 1,500 MILLION ('FRESH ISSUE") AND AN OFFER FOR SALE OF 275,977 EQUITY SHARES BY GAJA CAPITAL INDIA FUND-I ("GCIF"), 76,660 EQUITY SHARES BY GAJA ADVISORS PRIVATE LIMITED ("GAPL"), 1,180,569 EQUITY SHARES BY GPE (INDIA) LTD. (:GIL"), 1,533206 EQUITY SHARES BY INDIA ADVANTAGE FUND S3 I ("IAF") AND 153,321 EQUITY SHARES BY HR OFFSHORING VENTURES PTE LTD. ("'HROV"} (THE "SELLING SHAREHOLDERS") AGGREGATING TO RS 2736.77 MILLION (THE "OFFER FOR SALE" AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"), THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF 4,974,438 EQUITY SHARES (THE "NET OFFER") AND A RESERVATION OF 10,00 EQUITY SHARES AGGREGATING TO RS 8.50 MILLION FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) (THE "'EMPLOYEE RESERVATION PORTION"). THE NET OFFER CONSTITUTES 29.10% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL, THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. Offer Price : Rs 850 per Equity Share of Face Value
of each
Risks to Investors: (i) The 3 Merchant Bankers associated with the Offer
have handled 11 public issues in the past three years, out of which 3 issues closed below
the issue price on listing date. BID/OFFER PERIOD*; OPENED ON; Tuesday, February
02, 2016; In terms of Rule 19(2)(b)(i) of the SCRR, this Is a Net Offer for at least 25% of the post-Offer paid-up Equity Share capital of our Comparry. The Offer is being made through the Book Building Process, in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. as amended ("SEBIICDR Regulations'), wherein at least.75% of the net Offer shall be Allolted on a proportionate basis to Qualified Institutional Buyers ("QIBs" ), provided that our company and the Selling Shareholders have allocated upto 60% of the QlB Portion to Anchor Investors on a discretionary basis, 5% of the QlB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QlB Portion (excluding the Anchor Investor Portion) shall be avaiable for allocation on a proportionate basis to all QlB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Net Offer cannot be Allotted to Qibs, then the entire application money shall be refunded forthwith. Further not more than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance wrih the SEBICDR Regulations, subject to valid Bids being received at or above the Offer Price. For details in relation to allocation to Retail Individual Bidders, specific attention of the investors is invited to "Offer Procedure - Basis of Allotment" on page 430 of the Prospectus, All potential investors, other than Anchor Investors, participated in this Offer mandatority through the Application Supposed by Blocked Amount ("ASBA") process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks ("SCSBs"}. For details, please refer to 'Offer Procedure' on page 396 of the Prospectus. The Offer received 3,06,608 applications for 193,312,845 Equity Shares (prior to technical rejections) resulting iri 38.75 times subscriplicn The details of the applications received in the Issue from various categories are as under: (before-technical rejections):
Final Demand A summary of the final demand as per the BSE and NSE as on the Bid/Offer Closing Date at ditferent Bid prices is as under:
The basis of allotment was finalised in consultation with the Designated Stock Exchange being NSE, on February 9,2016. A. Allotment to Retail Individual Bidders (After Technical Rejections) The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 850 per Equity Share, was finalised in consultation with the NSE. This category has been subscribed to the extent of 10.34 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 4,97,475 Equity Shares to 33,165 successful applicants (including spillover of 32 Equity Shares from Employee Category). The category-wise details of the Basis of Allotment are as under.
B. Allotment to Non-Institutional Bidders (After Technical Rejections) The Basis of Allotment to the Non-Institutional Bidders, who have bid at the offer price of Rs 850 per Equity Share, was finalised In consultation with the NSE- This category has been subscribed to the extent of 190.56 times. The total number of Equity Shares Allotted in this category is 7,46,223 Equity Shares to 239 successlul applicants (including spillover of 58 Equity Shares from Employee Category). The category-wise details of the Basis of Allotment are as under:
C. Allotment to QlBs (excluding Anchor Investors) Allotment to QIBs, who have bid at the offer price of rs. 850 per Equity Share, has been done On a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 28.95 times of Net QIB portion. As per the SEBI Regulations. Mutual Funds were Allotted 74,632 of the Equity Shares of Net QlB portion available (i.e. 1,492,627 Equity Shares) and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 1,417,995 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QlB category is 1,492,627 Equity Shares, which were allotted to 67 successful Applicant (including spillover of 295 Equity Shares from Employee Category). The categgry-wise details of the Basis of Allotment are as under:
D. Allotment to Eligible Employees (After technical Rejections) The Basts of Allotment to the Employees, who have bid at the cut-off Price or the offer Price RS. 850 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.96 times. The total number of Equity Shares Allotted in this category is 9,615 Equity Shares to 76 successful applicants. Unsubscribed portion of 385 Equity Shares from Employee Category have been spilled over in the ratio of 75%, 15% end 10% to QIBs, Non Institutional Bidders, Retail Individual Bidders respectively. The category-wse details of the Basisof Aliment are as under
E. Allotment to Anchor Investors The Company and Selling Shareholders have allotted 2,238,498 Equty Shares to 15 Anchor Investors, in consultation with the BRLMs. In acoordence with the SEBI Reguiailons, this represents 60% of the QlB Portion.
The IPO Committee of our Company has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allottted the Equity Shares to various successful applicants. The instructions to the Self Certified Syndicate Bank (SCSBs) have been issued on February 10,2016 for unblocking of funds. The Equity Shares allotted to the successful allottees have been uploaded on February 10,2016 for credit into the respective beneficiary accounts subject to validation of the account details with depositories concerned. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. Our Company has filed listing applications with NSE and BSE on February 10,2016 and has received listing and trading approvals from NSE and BSE and trading in equity shares will commence on February 12,2016. INVESTORS. PLEASE NOTE The details of the allotment made will be hosted on the website of the Registrar to the Offer, Karvy Computershare Priavate Limited at http://karisma.karvy.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applican,. Serial number of the Bid-Cum-Applicalion form, number of Equity Shares bid for, name of the Designated Intermediary, place where the bid was submitted and payment details at the address given below: Karvy Computershare Private Limited
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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 TeamLease Services IPO .
The TeamLease Services IPO basis of allotment (published above) tells you how shares are allocated to you in TeamLease Services IPO and category wise demand of IPO share.
Visit the TeamLease Services IPO allotment status page to check the number of shares allocated to your application.
In TeamLease Services 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 TeamLease Services IPO basis of allotment document to know how the shares are allocated in TeamLease Services IPO.
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