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TIGER LOGISTICS (INDIA) LIMITED Our Company was incorporated as 'Tiger Logistics (India) Private Limited' under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 23, 2000 bearing Registration No. 105817, in New Delhi. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated May 08, 2013 and consequently the name of our Company was changed to 'Tiger Logistics (India) Limited'. The Corporate Identification Number of our Company is U74899DL2000PLC105817. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 117 of the Prospectus. Registered Office: 804A-807, 60 Skylark Building, Nehru Place,
New Delhi - 110019, India. Tel.: +91 11 47351111; Fax No.: +91 11
26229671/26235205; E-mail: ipo.tiger@tigerlogistics.in;
Website: www.tigerlogistics.in BASIS OF ALLOTMENT PUBLIC ISSUE OF 11,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID OF TIGER LOGISTICS (INDIA) LIMITED ('TLIL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 66/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 56/- PER EQUITY SHARE) AGGREGATING RS. 752.40 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 58,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH WILL BE RESERVED FOR SUBCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 10,82,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.97% AND 25.60%, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY. This being a Fixed Price Issue and in terms of Prospectus dated 14th August, 2013 and
as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50.09 % of
the Net Offer to Public shall be initially made available to Retail Individual Investors.
The balance net offer of shares to the public shall be made available for allotment to a)
individual applicants other than retail investors and b) other investors including
corporate bodies / institutions irrespective of no. of shares applied for. The
unsubscribed portion of the net offer to any one of the categories specified in (a) or (b)
shall / may be made available for allocation in any other category, if so required. THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 66/-. THE ISSUE PRICE IS 6.60 TIMES OF THE FACE VALUE. The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However Company has received an approval letter dated 12th August, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. 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 151 applications for 13,02,000 Equity Shares (Including Market Maker Application of 58,000 Equity Shares) resulting 1.14 times subscription. After considering, cheque return case of 1 application of 2,000 Equity Shares, the Issue was subscribed 1.14 times. The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 05th September, 2013. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 66/- 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 58,000 Equity shares in full out of reserved portion of 58,000 Equity Shares. B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 66/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.43 times. Total number of shares allotted in this category is 2,34,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 66/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.66 times. Total number of shares allotted in this category is 8,50,000 Equity Shares including additional 2,000 Equity Shares for the purpose of rounding off to the nearest multiple of 2,000 Equity Shares (Lot Size) and spill over of 3,08,000 Equity Shares from retail category. The category wise basis of allotment is as under:
The issue has been authorized by the shareholders of the Company pursuant to a special resolution dated 15th May, 2013 under section 81 (1A) of the Companies Act. The Board of Directors of the Company vide circular resolution dated 05th September, 2013 has accorded their consent to increase /alter / vary the issue size due to rounding off / oversubscription / under subscription etc. The Board of Directors of the Company vide circular resolution dated 05th September, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates 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 / as filled in the application form on or before 07th September, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 06th September, 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 the SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before September 12, 2013 subject to receipt of listing and trading approvals from BSE Limited. 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. 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 had been lodged and payment details at the address of the Registrar given below: BIGSHARE SERVICES 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 Tiger Logistics IPO .
The Tiger Logistics IPO basis of allotment (published above) tells you how shares are allocated to you in Tiger Logistics IPO and category wise demand of IPO share.
Visit the Tiger Logistics IPO allotment status page to check the number of shares allocated to your application.
In Tiger Logistics 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 Tiger Logistics IPO basis of allotment document to know how the shares are allocated in Tiger Logistics IPO.
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