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(This is only an advertisement for Information purposes and not a Prospectus announcement.) VIBRANT GLOBAL CAPITAL LIMITED Corporate Identity Number: U65900MH1995PLC093924 Our Company was originally incorporated on October 26,1995, as 'Raisoni Finance Private Limited' under the provisions of the Companies Act, 1956 with the RoC, Maharashtra, Mumbai. Further, our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on May 29,1996 and the name of our Company was changed to 'Raisoni Finance Limited' vide a fresh Certificate dated October 14,1996, issued by the RoC, Maharashtra, Mumbai. The name of our Company was changed to 'Vibrant Capital & Finance Limited' vide a fresh Certificate dated June 20,1997 issued by the RoC, Maharashtra, Mumbai. The name of our company was further changed to 'Vibrant Global Capital Limited' vide a fresh Certificate of Incorporation dated June 14,2010 issued by the RoC, Maharashtra, Mumbai. Pursuant to the scheme of amalgamation sanctioned by Hon'ble Bombay High Court the erstwhile ABM Securities Limited, Prajit Agrobased Industries Limited and Vega-Mart Limited were merged with our Company with effect from November 10, 2011. For details of the changes in our Name, Registered Office and other details, please see section titled 'History and Certain Corporate Matters' on page 94 of the Prospectus. Registered Office: Unit No. 202, Tower - A, Peninsula
Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, Maharashtra, India, BASIS OF ALLOTMENT PUBLIC ISSUE OF 60,42,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH OF VIBRANT GLOBAL CAPITAL LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS. 19.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.9.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS.1147.98 LAKHS ('THE ISSUE') COMPRISING A FRESH ISSUE OF 30,00,000 EQUITY SHARES AGGREGATING TO RS.570.00 LAKHS ('FRESH ISSUE') AND AN OFFER FOR SALE OF 30,42,000 EQUITY SHARES BY VIBRANT GLOBAL TRADING PRIVATE LIMITED (THE 'SELLING SHAREHOLDER') AGGREGATING TO RS.577.98 LAKHS ('OFFER FOR SALE'). OF THE ISSUE, 3,06,000 EQUITY SHARES AGGREGATING TO RS.58.14 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 57,36,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH AT AN ISSUE PRICE OF RS.19.00 PER EQUITY SHARE AGGREGATING TO RS.1089.84 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.38% AND 25.04%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 203 OF THE PROSPECTUS. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 209 OF THE PROSPECTUS. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS.19.00. THE ISSUE PRICE IS 1.9 TIMES OF THE FACE VALUE. ISSUED OPENED ON MONDAY, SEPTEMBER 29, 2014 PROPOSED LISTING: OCTOBER 21,2014 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, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-principle approval letter dated September 23,2014 from BSE for using its name in the 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. The trading is proposed to be commence with effect from October 21,2014* *Subject to receipt of listing and trading approvals from the BSE Limited. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs') SUBSCRIPTION DETAILS The Issue has received applications for 66,00,000 Equity Shares (after cheque returns) resulting in 1.09 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows: Detail of the Applications Received (Before Technical Rejection and after cheque returns)
The details of applications rejected by the Registrar to the Issue on technical grounds/withdrawal are detailed below:
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 16,2014. A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 19.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 3,06,000 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 719.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.04 times i.e. for 32,94,000 Equity Shares. The total number of shares allotted in this category is 31,62,000 Equity Shares to 527 successful applicants.
C) Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs, 19.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.04 times i.e. for 26,82,000 Equity Shares. The total number of shares allotted in this category is 25,74,000 Equity Shares to 48 successful applicants.
Retail category has been given 317 excess shares due to rounding off to the lot size and the same has been reduced from the HNI category to the extent of excess shares allotted. The Board of Directors of the Company at its meeting held on October 17,2014 has taken on records the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the Corporate Action for the allotment and transfer of the Equity Shares to various successful applicants. The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the Depositories. Further, the instructions to SCSBs for unblocking the amount have been given by October 18,2014. In case the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories. For other applicants, Refund Orders are being dispatched to their addresses as registered with the Depositories. In case the same is not received within 10 (ten) days, investors may contact Registrar at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the Depositories. 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 12 (twelve) working days from the date of the closure of the Issue. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated September 23,2014 ('Prospectus'). 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 E-2, Ansa industrial Estate, Sakhivihar Road, Sakinaka, Andheri (East), Mumbai - 400
072, Maharashtra, India
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF VIBRANT GLOBAL CAPITAL 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 Vibrant Global IPO .
The Vibrant Global IPO basis of allotment (published above) tells you how shares are allocated to you in Vibrant Global IPO and category wise demand of IPO share.
Visit the Vibrant Global IPO allotment status page to check the number of shares allocated to your application.
In Vibrant Global 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 Vibrant Global IPO basis of allotment document to know how the shares are allocated in Vibrant Global IPO.
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