RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
Notes: a. Initial Public Issue of 75,00,000 Equity Shares of Rs.10/- each for cash at a price of Rs. [•] per Equity Share aggregating to Rs. [•] lakhs comprising of 50,000 Equity shares of Rs.10 each reserved for the Eligible Employees aggregating to Rs. [•] lakhs and a Net Issue of 74,50,000 Equity Shares of Rs.10/- each aggregating to Rs. [•] lakhs. The face value of the Equity Share is Rs. 10 and the Issue Price is 9.0 times of the face value at the lower end of the price band and 10.0 times of the face value at the higher end of the price band. The Issue will constitute 37.96% of the fully diluted post-Issue paid-up capital of the Company. The Net Issue would constitute 37.71% of the fully diluted post issue paid up capital of the company. b. The Book Value per Equity Share of Rs.10/- each was Rs. 54.29 as at June 30, 209, Rs. 48.76 as at March 31, 2009, and Rs. 38.20 as at March 31, 2008 as per the restated financial statements under Indian GAAP. c. The Net Worth of the Company was Rs. 6654.62 lakhs as at June 30, 2009, Rs. 5976.98 lakhs as at March 31, 2009, and Rs. 4683.62 lakhs as at March 31, 2008 as per the restated financial statements under Indian GAAP. d. The average cost of acquisition of Equity Shares of the face value of Rs.10 each by the promoters is as follows: Name Average Cost of Acquisition of Equity Shares of the Promoters (Rs.) M/s Chand Bagh Investments Limited 4.06 e. The Issue is being made through a 100% Book Building Process wherein up to 50% of the Net Issue will be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) including 5% of the QIB portion that would be specifically reserved for Mutual Funds. The remainder QIB portion shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue would be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue would be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received from them at or above the Issue Price. f. For details of related party transactions, please refer to the Annexure IV of Section V titled “Financial Information” on page no. 150 of this RHP. g. There are no relationships with Statutory Auditors to the Company other than auditing and certification of financial statements. h. Investors may note that in case of over-subscription in the Issue, allotment to Eligible Employees, Qualified Institutional Bidders, Non Institutional Bidders and Retail Bidders shall be on a proportionate basis in accordance with the SEBI Guidelines and in consultation with BSE (the Designated Stock Exchange). For more information, please refer to the section titled “Basis of Allotment” beginning on page no. 257 of this Red Herring Prospectus. i. Investors may note that Allotment and Trading in Equity Shares of the Company shall be in dematerialised form only. j. Investors are free to contact the BRLMs for any clarification or information relating to the issue, who will be obliged to provide the same to the investor at large and no selective or additional information would be available for a section of investors in any manner whatsoever. Investors may contact the BRLMs or the Compliance Officer of the Issuer Company for any complaint / clarifications / information pertaining to the issue. k. Investors are advised to refer to the paragraph titled “Basis for Issue Price” on page no. 52 of this Red Herring Prospectus before making any investment in this issue. xxiii
l. In addition to the BRLMs, the Company is obliged to update the Red Herring prospectus and keep the public informed about any material changes till listing and trading commences in respect of the shares issued through this Red Herring Prospectus. m. None of the Promoters, Promoter Group have undertaken transactions in the shares of the Company in the last six months preceding the date on which the Red Herring Prospectus is filed with SEBI. n. The Promoters/ Directors/ Key Managerial Personnel are interested to the extent of the normal remuneration, reimbursement of the expenses incurred, or benefits such as sitting fees and those relating to their respective shareholdings in the Company. o. The investors are advised to refer the Paragraph on promoter’s background and past financial performance of the Company before making an investment in the proposed issue. p. The name of the Company was changed to Globus Spirits Limited and a fresh certificate of Incorporation obtained on January 23, 2007 from the Registrar of Companies. It does not represent any change in the business line or activity. xxiv
- Page 1 and 2: RED HERRING PROSPECTUS Please read
- Page 3 and 4: TABLE OF CONTENTS SECTION TITLE PAG
- Page 5 and 6: Chatrath & Co., Chartered Accountan
- Page 7 and 8: Margin Amount Memorandum of Associa
- Page 9 and 10: Company/Industry Related Terms/Tech
- Page 11 and 12: NRE Account Non Resident External A
- Page 13 and 14: • Company’s ability to successf
- Page 15 and 16: The Company constantly endeavours t
- Page 17 and 18: The Company has reported a net nega
- Page 19 and 20: the Excise and liquor sourcing poli
- Page 21 and 22: Writ Petitions related to notificat
- Page 23 and 24: Northern India Alcohol Sales Pvt. L
- Page 25: 8. Dependence on agri products Mana
- Page 29 and 30: enforced prohibition in 1996, but h
- Page 31 and 32: THE ISSUE Equity Shares offered: Fr
- Page 33 and 34: Particulars As on 31.03.2005 31.03.
- Page 35 and 36: Particulars For the Year/Period End
- Page 37 and 38: BOARD OF DIRECTORS Name of the Dire
- Page 39 and 40: Jawahar Vyapar Bhawan, 14th Floor 1
- Page 41 and 42: STATEMENT OF INTER SE ALLOCATION OF
- Page 43 and 44: The grading is however, constrained
- Page 45 and 46: Industry Outlook & Prospects The do
- Page 47 and 48: on a proportionate basis. For furth
- Page 49 and 50: CAPITAL STRUCTURE OF THE COMPANY Sh
- Page 51 and 52: others # 17.4.1995 $ 2,11,640 10 47
- Page 53 and 54: 1.11.1994 Acquisition 18,75,000 10
- Page 55 and 56: Category Code Category of Sharehold
- Page 57 and 58: 8. Mr. Ashok Kumar 33 0.0003 9. Mr.
- Page 59 and 60: OBJECTS OF THE ISSUE The Company pr
- Page 61 and 62: In case of variations in the actual
- Page 63 and 64: 1. Plant and Machinery for 35 KLPD
- Page 65 and 66: Taxes & Duties 127.00 Total 918.00
- Page 67 and 68: Franchise Fees - - - 4.00 Bond Fees
- Page 69 and 70: Mass Media options: • Hoardings 3
- Page 71 and 72: Alcobrew has vide its letter dated
- Page 73 and 74: K GENERAL CORPORATE PURPOSES: The l
- Page 75 and 76: FUNDS DEPLOYED As per the certifica
l. In addition to the BRLMs, the Company is obliged to update the Red Herring prospectus<br />
and keep the public informed about any material changes till listing and trading<br />
commences in respect of the shares issued through this Red Herring Prospectus.<br />
m. None of the Promoters, Promoter Group have undertaken transactions in the shares of the<br />
Company in the last six months preceding the date on which the Red Herring Prospectus is<br />
filed with SEBI.<br />
n. The Promoters/ Directors/ Key Managerial Personnel are interested to the extent of the<br />
normal remuneration, reimbursement of the expenses incurred, or benefits such as sitting<br />
fees and those relating to their respective shareholdings in the Company.<br />
o. The investors are advised to refer the Paragraph on promoter’s background and past<br />
financial performance of the Company before making an investment in the proposed issue.<br />
p. The name of the Company was changed to <strong>Globus</strong> <strong>Spirits</strong> Limited and a fresh certificate of<br />
Incorporation obtained on January 23, 2007 from the Registrar of Companies. It does not<br />
represent any change in the business line or activity.<br />
xxiv
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