(This
is only an advertisement for Information purposes and not a Prospectus announcement
SOLEX ENERGY LIMITED
Corporate Identification Number of our Company is U40106GJ2014PLC081036
Our Company was originally incorporated on October 13, 2014 as "Solex
Energy Private Limited" under the provisions of the Companies Act, 2013 with
the registrar of Companies, Gujarat bearing Registration no 081036, Further our Company
was converted into Public Limited Company and consequently name of company was changed
from "Solex Energy PrivateLimited" to "Solex Energy Limited" vide
special resolution passed by the Shareholders at the Annual General Meeting held on
September 09, 2017. A Fresh certificate of incorporation consequence to conversion was
issued on september 22, 2017 by the Registrar of Companies, Ahmedabad. For further
details please refer to chapter titled "History and Certain Corporate Matters"
beginning on page 104 of the Prospectus.
Registered Office: Plot No. 131/A. Phase 1. Nr. Krimy
Industries, GIDC, Vithal Udyognagar, Anand-388121, Gujarat, India.
Tel No: +91-2692-230317 Fax No: +91-2692-231216 E-mail:
info@solex.in , Website: www.solex.in
CONTACT PERSON: MRS. JANKIBEN JAYDEEPSINH SISODIYA, (COMPANY SECRETARY &
COMPLIANCE OFFICER)
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 13,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH
("EQUITY SHARES") OF SOLEX ENERGY LIMITED ("OUR COMPANY" OR
"ISSUER") FOR CASH AT A PRICE OF RS 52.00 PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS 42.00 PER EQUITY SHAR E) ("ISSUE PRICE") AGGREGATING
TO RS 717.60 LAKHS ("ISSUE") OF WHICH 72,000 EQUITY SHARE S OF FACE VALUE OF RS
10.00 EACH FOR A CASH PRICE OF RS 52.00 PER EQUITY SHARE, AGGREGATING TO RS 37.44 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
13,08,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 52.00 PER
EQUITY SHARE AGGREGATING TO RS 680.16 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET
ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.94% AND 26.48% , 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 192 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" BEGlNNING ON PAGE 200 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE
IS RS 52.00. THE ISSUE PRICE IS 5.2 TIMES OF THE FACE VALUE
ISSUE OPENED ON: MONDAY, JANUARY 22, 2018 AND ISSUE CLOSED ON:
THURSDAY, JANUARY 25, 2018 PROPOSED LISTING: FEBRUARY 05, 2018
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
Platform of National Stock Exchange of India Limited ("NSE" i.e. "NSE
EMERGE") Our Company has received an approval letter dated January 08, 2018 fron NSE
for using its name in this offer document for listing of our shares on the SME Platform of
NSE ("NSE EMERGE"). For the purpose of this issue, the Designated StocK Exchange
will be the National Stock Exchange of India Lmited. The trading is proposed to be
commenced on ar about February 05, 2018.*
*Subject to receipt of listing and trading approvals from the National Stock
Exchange of India Limited.
All Applicant 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 8150 applications for 2,42,92,000 Equity Shares resulting in
18.11 times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
CATEGORY |
NUMBER OF
APPLICATIONS |
% |
NUMBER OF
EQUITY SHARES |
% |
SUBSCRIPTION (TIMES) |
Market Makers |
01 |
0.01 |
72,000 |
0.29 |
1.00 |
Retail Individual Investors |
8035 |
98.59 |
1,60,70,000 |
64.30 |
24.57 |
Other Than Retail Individual Investors |
114 |
1.40 |
88,50,000 |
35.41 |
13 53 |
TOTAL |
8150 |
100.00 |
2,49,02,000 |
100.00 |
18.11 |
The details of applications rejected by the Registrar on technical grounds
(including withdrawal) are detailed below:
Catcgory |
No. of
Applications |
No. of
Equity Shares |
Market Makers |
Nil |
Nil |
Retail Individual Investors |
117 |
2,34,000 |
Other Than Retail Individual Investors |
2 |
44,000 |
Total |
119 |
2,78,000 |
After eliminating technically rejected applications, the following tables give
us category wise net valid applications:
Category |
No.of
Applications |
% |
Reserved Portion
(as per Prospectus) |
No. of Valid
Shares applied |
% of
Total Applied |
Subscription
(Times) |
Market Maker |
1 |
100 |
72,000 |
72,000 |
100 |
1.00 |
Total |
1 |
100 |
72,000 |
72,000 |
100 |
1.00 |
Category |
No. of
Applications |
% |
Reserved Portion (as per
Prospectus) |
Proportionate
Issue Size (After
rounding off) |
No. of
Valid Shares
applied |
ft of
Total Applied |
Subscription (Times) |
Retail Individual Investors |
7918 |
98.61 |
6,54,000 |
8,40,000 |
1,58,36,000 |
64.26 |
18.85 |
Other than Retail Individual Investors |
112 |
1.39 |
6,54,000 |
4,68,000 |
88,06,000 |
35.74 |
18.62 |
Total |
8030 |
100.00 |
13,08,000 |
13,08,000 |
2,46,42,000 |
100.00 |
|
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - National Stock Exchange of India Limited on January
31,208.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment in the Market Maker, at the issue price of Rs 52 per Equity Share,
was finalised in consultation wilh NSE. The category was subscribed by 1.00 times. The
total number of shares allotted in this category is 72,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
No. of
Shares
Applied
for
(Category
wise) |
No. Of
Applications
Received |
% to
Total |
Total No.
of Equity
Shares
applied
in this
Category |
% to
Total |
Proportionate
Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of
Allottees
to
AppliCant:
Ratio 1 |
Ratio of
Allottees
to
AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding
off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. of
Shares
Surplus
/Deficit |
72,000 |
1 |
100 |
72,000 |
100 |
72,000 |
72,000 |
72,000 |
1 |
1 |
1 |
72,000 |
-- |
TOTAL |
1 |
100 |
72,000 |
100 |
72,000 |
72,000 |
72,000 |
1 |
1 |
1 |
72,000 |
-- |
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individua Investors, at the
issue price of Rs 52 per Equity Share, was finalized in consultation with NSE. The
category was subscribed by 18.85 times i.e. for 1,58,36,000 Equity Shares. Total number of
shares allotted in this category is 8,40,000 Equity Shares to 420 successful applicants.
The category wise details of the Basis of Allotment areas under:
No of
Shares
Applied for
(Category
wise) |
No. Of
Applications
Received |
% to
Total |
Total No.
of Equity
Shares
applied
in this
Category |
% to
Total |
Proportionate
Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of
Allottees
to
AppliCant:
Ratio 1 |
Ralio of
Allottees
to
AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. Of
Shares
Surplus
/Deficit |
2000 |
7918 |
100 |
1,58,36,000 |
100 |
8,40,000 |
106.09 |
2000 |
210 |
3959 |
420 |
8,40,000 |
0.00 |
TOTAL |
791S |
100 |
1,58,36,000 |
100 |
8,40,000 |
|
|
|
|
420 |
8,40,000 |
0.00 |
C. Allocation to Other than Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to Other than Retail
Individual Investors, at the issue price of Rs 52 per Equity Share, was finalized in
consultation with NSE. The category was subscribed by 18.12 times i.e. for 88,06,000
shares the total number of shares allotted in this category is 4,68,000 Equity Shares to
65 successful applicants
The category wise details of the Basis of Allotment are as under:
No of
Shares
Applied for
(Category
wise) |
No. Of
Applications
Received |
% to
Total |
Total No.
of Equity
Shares
applied
in this
Category |
% to
Total |
Proportionate
Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of
Allottees
to
AppliCant:
Ratio 1 |
Ralio of
Allottees
to
AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. Of
Shares
Surplus
/Deficit |
4000 |
33 |
29.46 |
132,000 |
1.50 |
7,015 |
212.58 |
2,000 |
4 |
33 |
4 |
8,000 |
-985 |
6000 |
7 |
6 25 |
42,000 |
0.48 |
2,232 |
318.87 |
2,000 |
1 |
7 |
1 |
2,000 |
232 |
8000 |
5 |
4.46 |
40,000 |
0.45 |
2,126 |
425.16 |
2,000 |
1 |
5 |
1 |
2,000 |
126 |
10000 |
3 |
2.68 |
30,000 |
0.34 |
1,594 |
531.46 |
2,000 |
1 |
3 |
1 |
2,000 |
-406 |
12000 |
1 |
0.89 |
12,000 |
0.14 |
638 |
637.75 |
2,000 |
0 |
3 |
0 |
- |
638 |
18000 |
2 |
1.79 |
36,000 |
0.41 |
1,913 |
956.62 |
2,000 |
1 |
2 |
1 |
2,000 |
-87 |
20000 |
3 |
2.68 |
60,000 |
0.68 |
3,189 |
1062.91 |
2,000 |
2 |
3 |
2 |
4,000 |
-811 |
22000 |
1 |
0.89 |
22,000 |
0.25 |
1,169 |
1169.20 |
2,000 |
1 |
1 |
1 |
2,000 |
-831 |
24000 |
3 |
2.68 |
72,000 |
0.82 |
3,826 |
1275.49 |
2,000 |
2 |
3 |
2 |
4,000 |
174 |
26000 |
1 |
0.89 |
26,000 |
0.30 |
1,382 |
1381.79 |
2,000 |
1 |
1 |
1 |
2,000 |
-618 |
28000 |
2 |
1.79 |
56,000 |
0.64 |
2,976 |
1488.08 |
2,000 |
1 |
2 |
1 |
2,000 |
976 |
30000 |
3 |
2.68 |
90,000 |
1.02 |
4,783 |
1594.37 |
2,000 |
2 |
3 |
2 |
4,000 |
783 |
32000 |
1 |
0.89 |
32,000 |
036 |
1,701 |
1700.66 |
2,000 |
1 |
1 |
1 |
2,000 |
-299 |
36000 |
1 |
0.89 |
36,000 |
0.41 |
1,913 |
1913.24 |
2,000 |
1 |
1 |
1 |
2,000 |
-87 |
38000 |
2 |
1.79 |
76,000 |
0.86 |
4,039 |
2019.63 |
2,000 |
1 |
1 |
2 |
4,000 |
39 |
40000 |
1 |
0.89 |
40,000 |
0.45 |
2,126 |
2125.82 |
2,000 |
1 |
1 |
1 |
4,000 |
126 |
42000 |
1 |
0.89 |
42,000 |
0.48 |
2,232 |
2232.11 |
2,000 |
1 |
1 |
1 |
2,000 |
232 |
44000 |
2 |
1.79 |
88,000 |
1.00 |
4,677 |
2338.41 |
2,000 |
1 |
1 |
2 |
4,000 |
677 |
46000 |
2 |
1.79 |
92,000 |
1.04 |
4,889 |
2444.70 |
2,000 |
1 |
1 |
2 |
4,000 |
889 |
48000 |
2 |
1.79 |
96,000 |
1.09 |
5,102 |
2550.99 |
2,000 |
1 |
1 |
2 |
4,000 |
-898 |
48000 |
|
|
|
|
|
|
2,000 |
1 |
2 |
0 |
2,000 |
50000 |
3 |
2.68 |
150,000 |
1.70 |
7,972 |
2657.28 |
2,000 |
1 |
1 |
3 |
6,000 |
-28 |
50000 |
|
|
|
|
|
|
2,000 |
1 |
3 |
0 |
2,000 |
58000 |
1 |
0.89 |
58,000 |
0.66 |
3,082 |
3082.44 |
4,000 |
1 |
1 |
1 |
4,000 |
-918 |
62000 |
1 |
0.89 |
62,000 |
0.70 |
3,295 |
3295.03 |
4,000 |
1 |
1 |
1 |
4,000 |
-705 |
64000 |
2 |
1.79 |
128,000 |
1.45 |
6,803 |
3401.32 |
2,000 |
1 |
1 |
2 |
4,000 |
803 |
64000 |
|
|
|
|
|
|
2,000 |
1 |
2 |
0 |
2,000 |
76000 |
1 |
0.89 |
76,000 |
0.86 |
4,039 |
4039.06 |
4,000 |
1 |
1 |
1 |
4,000 |
39 |
82000 |
1 |
0.89 |
82,000 |
0.93 |
4,358 |
4357.94 |
4,000 |
1 |
1 |
1 |
4,000 |
358 |
84000 |
1 |
0.89 |
84,000 |
0.95 |
4,464 |
4464.23 |
4,000 |
1 |
1 |
1 |
4,000 |
464 |
90000 |
1 |
0.89 |
90,000 |
1.02 |
4,783 |
4783.10 |
4,000 |
1 |
1 |
1 |
4,000 |
783 |
96000 |
2 |
1.79 |
192,000 |
2.18 |
10,204 |
5101 98 |
4,000 |
1 |
1 |
2 |
8,000 |
204 |
96000 |
|
|
|
|
|
|
2,000 |
1 |
2 |
0 |
2,000 |
100000 |
1 |
0.89 |
1,00,000 |
1.14 |
5,315 |
5314.56 |
6,000 |
1 |
1 |
1 |
6,000 |
-685 |
114000 |
2 |
1.79 |
228,000 |
2.59 |
12,117 |
6058.60 |
6,000 |
1 |
1 |
2 |
12,000 |
117 |
144000 |
1 |
0.89 |
144,000 |
1.64 |
7,653 |
7652.96 |
8,000 |
1 |
1 |
1 |
8,000 |
-347 |
170000 |
1 |
0.89 |
170,000 |
1.93 |
9,035 |
9034.75 |
10,000 |
1 |
1 |
1 |
10,000 |
-965 |
192000 |
5 |
4.46 |
960,000 |
10.90 |
51,020 |
10203.95 |
10,000 |
1 |
1 |
5 |
50,000 |
-980 |
192000 |
|
|
|
|
|
|
2,000 |
1 |
5 |
0 |
2,000 |
200000 |
2 |
1.79 |
400,000 |
4.54 |
21,258 |
10629.12 |
10,000 |
1 |
1 |
2 |
20,000 |
-742 |
200000 |
|
|
|
|
|
|
2,000 |
1 |
2 |
0 |
2,000 |
222000 |
1 |
0.89 |
222,000 |
2.52 |
11,798 |
11798.32 |
12,000 |
1 |
1 |
1 |
12,000 |
-202 |
288000 |
1 |
0.89 |
288,000 |
3.27 |
15,306 |
15305.93 |
16,000 |
1 |
1 |
1 |
16,000 |
-694 |
298000 |
1 |
0.89 |
298,000 |
3.38 |
15,837 |
15837.38 |
16,000 |
1 |
1 |
1 |
16,000 |
-163 |
400000 |
1 |
0.89 |
400,000 |
4.54 |
21,258 |
21258.23 |
20,000 |
1 |
1 |
1 |
20,000 |
1258 |
480000 |
5 |
4.46 |
2,400,000 |
27.25 |
127,549 |
25509.88 |
24,000 |
1 |
1 |
5 |
120,000 |
1549 |
|
|
|
|
|
|
|
2,000 |
3 |
5 |
0 |
6,000 |
576000 |
1 |
0.89 |
576,000 |
6.54 |
30,612 |
30611.86 |
30,000 |
1 |
1 |
1 |
30,000 |
612 |
578000 |
1 |
0.89 |
578,000 |
6.56 |
30,718 |
30718.15 |
30,000 |
1 |
1 |
1 |
30,000 |
718 |
|
112 |
100 |
88,06,000 |
100 |
4,68,000 |
|
|
|
|
65 |
4,68,000 |
0 |
The Board of Directors of the Company at its meeting held on January 31, 2018 has
approved the Basis of Allocation of Equity Shares as approved by the Designated Stock
Exchange viz. NSE and in meeting held on February 01,2018 has authorized the corporate
action for issue of the Equity Shares to Various successful applicants.
The CAN-cum-Refund advices and allotrnent advice- and/or notices will forwarded to the
email id's and address of the Applicants as registered with the depositories / as filled
in the application form on or before February 02, 2018 Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount will processed on or prior to February
02, 2018.In case the same is not received within 10 days, investors may contact at the
address given belolw. The Equity Shares allocated to successful applicants are being
credited to their beneficiary account 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 National Stock. Exchange of India Limited (NSE EMERGE)
within six working days from the date of the closure of the issue.
Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated January 12, 2018
("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the registrar
to the issue, Skyline Financial Services Private Limited at www.skylinerta.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:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Indutrial Area, Phase-I, New Delhi-110020
Tel No.: +91 11 64732681-88, Fax No.; +91 11 26292682
Email: virenr@skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
,Website: www.skylinerta.com
Contact Person; Mr Virender Rana, SEBI Regn, No,;
INR000003241
Place : Anand, Gujarat
Date : February 01, 2018 |
For SOLEX ENERGY LIMITED
On behalf Of the Board of Directors
sd/-
Mr Kalpeshkumar Ramanbhai Patel
Chairman and Managing Director
DIN:-01066992 |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTUS OF SOLEX ENERGY LIMITED. |