RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits
17.1.2006 Acquisition 2,86,641 10 7 through purchase 13.3.2006 Acquisition 1,41,863 10 7 through purchase 31.3.2006 Acquisition 1,43,700 10 7 through purchase 1.8.2006 Acquisition 6,31,096 10 7.25 through purchase 10.10.2006 Acquisition 4,40,000 10 10 through purchase 26.2.2007 Acquisition 46,200 10 40 through purchase 15.3.2007 Acquisition 1,11,540 10 32 through purchase 8.6.2007 Bonus Issue 37,89,170 10 - Total 1,13,67,510 Promoters Contribution and Lock-in: i. 3 years lock-in In terms of chapter IV of the SEBI DIP Guidelines, an aggregate of 20% of the post-issue paid up Equity Share capital of the Company held by the promoters of the Company shall be locked in for a period of three years from the date of allotment in this Issue. The details of the promoter’s Equity shares locked in for a period of three years are as under: Name of the Promoter M/s Chand Bagh Investments Limited Date of Allotment/ Transfer, and made fully paidup Consideration No. of Shares Face Value (Rs.) Issue Price/ Transfer Price (Rupees) 10.10.2006 Acquisition 4,638 10 10 through purchase 26.2.2007 Acquisition 46,200 10 40 through purchase 15.3.2007 Acquisition 1,11,540 10 32 through purchase 8.6.2007 Bonus Issue 37,89,170 10 - Total 39,51,548 %age of Post-Issue Paid-up Capital Lock in Period (Yrs) 20.00 3 Years ii. 1 year lock – in The details of the promoter’s Equity shares locked in for a period of one year are as under: Name of the Promoter M/s Chand Bagh Investments Limited Date of Allotment/ Transfer, and made fully paidup Consideration No. of Shares Face Value (Rs.) Issue Price/ Transfer Price (Rupees) 24.6.1993 Cash 2,95,000 10 10 20.8.1993 Cash 80,000 10 10 30.12.1993 Cash 27,500 10 10 31.12.1993 Cash 75,000 10 10 7.2.1994 Cash 50,000 10 10 8.3.1994 Cash 28,750 10 10 15.7.1994 Cash 68,750 10 10 %age of Post-Issue Paid-up Capital Lock in Period (Yrs) 37.53 1 year 25
1.11.1994 Acquisition 18,75,000 10 10 through purchase 2.11.1995 Bonus issue 30,00,000 10 - 21.4.1997 Acquisition 2,77,300 10 10 through purchase 17.1.2006 Acquisition 2,86,641 10 7 through purchase 13.3.2006 Acquisition 1,41,863 10 7 through purchase 31.3.2006 Acquisition 1,43,700 10 7 through purchase 1.8.2006 Acquisition 6,31,096 10 7.25 through purchase 10.10.2006 Acquisition 4,35,362 10 10 through purchase Total 74,15,962 Shareholding Pattern of Persons in Promoters Group: Promoters’ Group Globus Infosys Private Limited Date of Allotment/ Transfer, and made fully paidup Considerati on 16.05.08 Beneficiary Transfer 02.06.08 Beneficiary Transfer Transferor Sourabh Venture Capital Trust Sourabh Venture Capital Trust No. of Shares Face Value (Rs.) Issue Price/ Transfer Price (Rs.) %age of Pre-Issue Paid-up Capital %age of Post-Issue Paid-up Capital 2,25,000 10 23.35 1.835 1.14 2,25,000 10 23.35 1.835 1.14 Total 4,50,000 3.67 2.28 1. Out of the total Promoters’ holding, 20% of the Post-Issue Equity Share Capital i.e. 39,51,548 Equity Shares will be under lock-in for 3 years. In terms of Clause 4.12.1 of the SEBI DIP Guidelines, the balance equity shareholding of the promoters i.e. 74,15,962 Equity Shares (in excess of the aforesaid 20%) shall be locked in for a period of one year. The Promoters’ Contribution has been brought in to the extent of not less than the specified minimum lot and from persons defined as Promoters under the SEBI DIP Guidelines. The promoters and the promoter group will not be participating in the proposed issue. 2. In terms of Clause 4.6.4A of the SEBI DIP Guidelines, none of the securities forming part of promoters’ contribution have been pledged with any Bank(s) or Financial Institutions. 3. Specific written consent has been obtained from the promoters for inclusion of the above mentioned shares as minimum promoters’ contribution, subject to lock in to the extent of 20% of Post Issue Paid up Capital and that these shares shall not be transferred except inter se transfer as per the SEBI guidelines. 4. In terms of Clause 4.14.1 of the SEBI DIP Guidelines, in addition to the lock-in of 20% of post-issue shareholding of the Promoter for three years, as specified above, the entire preissue share capital shall be locked in for a period of one year from the date of allotment in this issue including shares held by Mr. Deepak Roy. The shares held by Sourabh Venture Capital Trust, a SEBI registered Venture capital Trust, would also be locked in for a period of one year from the date of allotment in this issue as the shares are being held for a period less than one year as on the date of filing the Draft Red Herring Prospectus with SEBI. In terms of Clause 4.15.1 of the SEBI DIP Guidelines, the locked-in Equity Shares held by the 26
- 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 and 26: 8. Dependence on agri products Mana
- Page 27 and 28: l. In addition to the BRLMs, the Co
- 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: others # 17.4.1995 $ 2,11,640 10 47
- 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
- Page 77 and 78: Terms of Payment Margin Amount empl
- Page 79 and 80: BASIS FOR ISSUE PRICE The Issue Pri
- Page 81 and 82: Note: The average return on net wor
- Page 83 and 84: STATEMENT OF TAX BENEFITS TAX BENEF
- Page 85 and 86: According to section 10(38) of the
- Page 87 and 88: As per the provisions of Section 11
- Page 89 and 90: Tax. However, the aforesaid income
- Page 91 and 92: SECTION IV: ABOUT THE ISSUER COMPAN
- Page 93 and 94: In India alcohol is largely produce
- Page 95 and 96: Government Policy & Regulations The
- Page 97 and 98: • Scotch rose by 7.0%. Scotch bra
- Page 99 and 100: substantial market share to India s
- Page 101 and 102: As the Company is increasing its In
17.1.2006 Acquisition 2,86,641 10 7<br />
through<br />
purchase<br />
13.3.2006 Acquisition 1,41,863 10 7<br />
through<br />
purchase<br />
31.3.2006 Acquisition 1,43,700 10 7<br />
through<br />
purchase<br />
1.8.2006 Acquisition 6,31,096 10 7.25<br />
through<br />
purchase<br />
10.10.2006 Acquisition 4,40,000 10 10<br />
through<br />
purchase<br />
26.2.2007 Acquisition 46,200 10 40<br />
through<br />
purchase<br />
15.3.2007 Acquisition 1,11,540 10 32<br />
through<br />
purchase<br />
8.6.2007 Bonus Issue 37,89,170 10 -<br />
Total 1,13,67,510<br />
Promoters Contribution and Lock-in:<br />
i. 3 years lock-in<br />
In terms of chapter IV of the SEBI DIP Guidelines, an aggregate of 20% of the post-issue paid<br />
up Equity Share capital of the Company held by the promoters of the Company shall be locked in<br />
for a period of three years from the date of allotment in this Issue. The details of the promoter’s<br />
Equity shares locked in for a period of three years are as under:<br />
Name of the<br />
Promoter<br />
M/s Chand<br />
Bagh<br />
Investments<br />
Limited<br />
Date of<br />
Allotment/<br />
Transfer, and<br />
made fully paidup<br />
Consideration No. of Shares Face<br />
Value<br />
(Rs.)<br />
Issue<br />
Price/<br />
Transfer<br />
Price<br />
(Rupees)<br />
10.10.2006 Acquisition<br />
4,638 10 10<br />
through<br />
purchase<br />
26.2.2007 Acquisition 46,200 10 40<br />
through<br />
purchase<br />
15.3.2007 Acquisition 1,11,540 10 32<br />
through<br />
purchase<br />
8.6.2007 Bonus Issue 37,89,170 10 -<br />
Total 39,51,548<br />
%age of<br />
Post-Issue<br />
Paid-up<br />
Capital<br />
Lock in<br />
Period<br />
(Yrs)<br />
20.00 3 Years<br />
ii.<br />
1 year lock – in<br />
The details of the promoter’s Equity shares locked in for a period of one year are as under:<br />
Name of the<br />
Promoter<br />
M/s Chand<br />
Bagh<br />
Investments<br />
Limited<br />
Date of<br />
Allotment/<br />
Transfer, and<br />
made fully paidup<br />
Consideration No. of Shares Face<br />
Value<br />
(Rs.)<br />
Issue<br />
Price/<br />
Transfer<br />
Price<br />
(Rupees)<br />
<strong>24</strong>.6.1993 Cash 2,95,000 10 10<br />
20.8.1993 Cash 80,000 10 10<br />
30.12.1993 Cash 27,500 10 10<br />
31.12.1993 Cash 75,000 10 10<br />
7.2.1994 Cash 50,000 10 10<br />
8.3.1994 Cash 28,750 10 10<br />
15.7.1994 Cash 68,750 10 10<br />
%age of<br />
Post-Issue<br />
Paid-up<br />
Capital<br />
Lock in<br />
Period<br />
(Yrs)<br />
37.53 1 year<br />
25