| Basis of Allotment |
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(This is only an advertisement for information purposes and not a prospectus announcement) | |
| DIKSHA GREENS LIMITED | ||
| (Formerly known as Diksha Timber Private Limited) |
Our Company was originally incorporated at Kolkata as Diksha Timber Private Limited on July 21, 2004 under the provisions of the Companies Act, 1956, with the Registrar of Companies West Bengal. Kolkata. Subsequently our Company changed its name from Diksha Timber Private Limited to Diksha Greens Private Limited vide Certificate of Incorporation pursuant to name change dated November 29, 2017 and again our Company was converted into a Public Limited Company and the name of the Company was changed to Diksha Greens Limited vide Certificate of Incorporation consequent upon Conversion from Private to Public Limited Company dated February 06, 2018. For further details of our Company, please refer the chapter titled "General Information" and "Our History and Certain Corporate Matters" on page no. 45 and 113 of the Prospectus.
| CIN: U20100WB20O4PLC099199 |
| Registered Office: 11 Sambhu Chaterjee Street, Jorasanko, Kolkata-700007. Tel No.: 033-2219 8219; |
| Email: cs@dikshagreens.co.in; Website: www.dikshagreens.co.in; Contact Person: Mr. Rajesh Pirogiwal-Managing Director |
| OUR PROMOTERS: MR. RAJESH PIROGIWAL, MRS. SUNITA PIROGIWAL, MS. TANVI PIROGIWAL AND RAJESH KUMAR PIROGIWAL & SONS HUF |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 44,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF DIKSHA GREENS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 30/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF Rs. 20/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1,332.00 LAKHS ("THE ISSUE"), OF WHICH 2,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 30/- PER EQUITY SHARE, AGGREGATING TO Rs. 67.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E., ISSUE OF 42,16,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH CASH AT A PRICE OF RS. 30/- PER EQUITY SHARE, AGGREGATING RS. 1,264.80 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 45.00 % AND 42.73% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. 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.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 30/- EACH. THE ISSUE PRICE IS 3 TIMES OF THE FACE VALUE, |
| ISSUE PROGRAMME: ISSUE OPENED ON NOVEMBER 26, 2018 AND CLOSED ON NOVEMBER 28, 2018, PROPOSED LISTING : DECEMBER 05, 2018* |
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE ("BSE"). Our Company has received in-principal approval letter dated 02nd November, 2018 from BSE for using its name in this 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 ("BSE"). The trading is proposed to be commenced on or about 05, December, 2018*.
* Subject to receipt of listing and trading approvals from the BSE SME Platform.
SUBSCRIPTION DETAILSThe Issue Received 4504000 shares for 71 applications and was subscribed to the extent of 1.01 times before technical rejection. After considering Technical Rejections cases, the Issue was subscribed 1.00 time. No applications were banked without bidding.
Detail of the Applications Received (Before Technical & Multiple Rejection):
| Sr. No. | Category |
Gross | Less: Rejections | Valid | |||
| No. of Applications | Equity Shares | No. of Applications | Equity Shares | No. of Applications | Equity Shares | ||
| 1 | Reserved for Market Maker | 1 | 224000 | - | - | 1 | 224000 |
| 2 | Non Retail Investors | 34 | 4136000 | 1 | 20000 | 33 | 4116000 |
| 3 | Retail Individual Investors | 36 | 144000 | - | - | 36 | 144000 |
| Total | 71 | 4504000 | 1 | 20000 | 70 | 4484000 | |
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE SME Platform on 03rd December, 2018
| A. | Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 30/- per Equity Share, was finalised in consultation with BSE SME Platform. The category was subscribed by 1 times. The total number of shares allotted in this category is 224000 Equity shares. |
| Sr. No. | No. of Shares applied for (Category wise) | No. of Applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of allottees to applicants | Number of successful applicants (after rounding) | %to total | Total No. of shares allocated/alloted | % to total | Surplus /Deficit |
| 1 | 224000 | 1 | 100 | 224000 | 100 | 224000 | 224000 | 224000 | 1:1 | 1 | 100 | 224000 | 100 | 0.00 |
| GRAND TOTAL | 1 | 100 | 224000 | 100 | 224000 | 224000 | 224000 | 1 | 100 | 224000 | 100 | 0.00 | ||
| B. | Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 30 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 0.07 times i.e. for 144000 Equity Shares. Total number of shares allotted in this category is 144000 Equity Shares to 36 successful applicants. |
| Sr. No. | No. of Shares applied for (Category wise) | No. of Applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/alloted | % to total | Surplus /Deficit |
| 1 | 4000 | 36 | 100 | 144000 | 100 | 2108000 | 58555.56 | 4000 | 1:1 | 36 | 100 | 144000 | 100 | -1964000 |
| GRAND TOTAL | 36 | 100 | 144000 | 100 | 2108000 | 58555.56 | 4000 | 36 | 100 | 144000 | 100 | -1964000 | ||
| 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. 30 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscnbed by 1.01 times i .e. for 4116000 shares. Total number of shares allotted in this category is 4072000 Equity Shares to 33 successful applicants. |
| The category wise details of the Basis of Allotment are as under: |
| Sr. No. | No. of Shares applied for (Category wise) | No. of Applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/alloted | % to total | Surplus /Deficit |
| 1 | 8000 | 16 | 48.48 | 128000 | 3.11 | 126631.68 | 7914.48 | 8000 | 1:1 | 16 | 48.48 | 128000 | 3.14 | 1368.32 |
| 2 | 12000 | 1 | 3.03 | 12000 | 0.29 | 11871.72 | 11871.72 | 12000 | 1:1 | 1 | 3.03 | 12000 | 0.29 | 128.28 |
| 3 | 16000 | 1 | 3.03 | 16000 | 0.39 | 15828.96 | 15828.96 | 16000 | 1:1 | 1 | 3.03 | 16000 | 0.39 | 171.04 |
| 4 | 20000 | 3 | 9.09 | 60000 | 1.46 | 59358.60 | 19786.20 | 20000 | 1:1 | 3 | 9.09 | 60000 | 1.47 | 641.40 |
| 5 | 40000 | 2 | 6.06 | 80000 | 1.94 | 79144.80 | 39572.40 | 40000 | 1:1 | 2 | 6.06 | 80000 | 1.96 | 855.20 |
| 6 | 80000 | 1 | 3.03 | 80000 | 1.94 | 79144.80 | 79144.80 | 80000 | 1:1 | 1 | 3.03 | 80000 | 1.96 | 855.20 |
| 7 | 120000 | 1 | 3.03 | 120000 | 2.92 | 118717.20 | 118717.20 | 120000 | 1:1 | 1 | 3.03 | 120000 | 2.95 | 1282.80 |
| 8 | 160000 | 1 | 3.03 | 160000 | 3.89 | 158289.60 | 158289.60 | 160000 | 1:1 | 1 | 3.03 | 160000 | 3.93 | 1710.40 |
| 9 | 200000 | 1 | 3.03 | 200000 | 4.86 | 197862.00 | 197862.00 | 196000 | 1:1 | 1 | 3.03 | 196000 | 4.81 | -1862.00 |
| 10 | 260000 | 1 | 3.03 | 260000 | 6.32 | 257220.60 | 257220.60 | 256000 | 1:1 | 1 | 3.03 | 256000 | 6.29 | -1220.60 |
| 11 | 280000 | 1 | 3.03 | 280000 | 6.80 | 277006.80 | 277006.80 | 276000 | 1:1 | 1 | 3.03 | 276000 | 6.78 | -1006.80 |
| 12 | 320000 | 1 | 3.03 | 320000 | 7.77 | 316579.20 | 316579.20 | 316000 | 1:1 | 1 | 3.03 | 316000 | 7.76 | -579.20 |
| 13 | 700000 | 2 | 6.06 | 1400000 | 34.01 | 1385034.01 | 692517.01 | 692000 | 1:1 | 2 | 6.06 | 1384000 | 33.99 | -1034.01 |
| 14 | 1000000 | 1 | 3.03 | 1000000 | 24.30 | 989310.01 | 989310.01 | 988000 | 1:1 | 1 | 3.03 | 988000 | 24.26 | -1310.01 |
| GRAND TOTAL | 33 | 100.00 | 4116000 | 100.00 | 4072000.00 | 33 | 100.00 | 4072000 | 100.00 | 0.00 | ||||
The Board of Directors of the company at its meeting held on 31st December, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. BSE SME Platform and at a meeting held on 31st December, 2018 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
In terms of the Prospectus dated November 14, 2018 and as per the SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retails investors and b) other investors, including Corporate Bodies / Institutions irrespective of number 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 the other category, if so required. 'For the purpose of sub-regulation (4) of regulations 43, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage'
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories/as filled in the application form on or before 5th December. 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to December 4th, 2018. 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 BSE SME Platform 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 November 14, 2018 ("Prospectus")
INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issuer. Cameo Corporate Services Limited at www.cameoindia.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:
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A Cameo Corporate Services Limited |
| "Subramanian Building", #1, Club House Road, Chennai - 600 002, India. Telephone: +91-44-40020700, 28460390; Facsimile: +9144-28460129; Email : investor@cameoindia.com; | |
| Contact Person: Mr. R.D. Ramasamy. Director: Website: www.cameoindia.com; SEBI Registration Number: INR000003753 |
| For DIKSHA GREENS LIMITED | |
| On behalf of the Board of Directors | |
| Place : Kolkata | Sd/- |
| Date : December 4th, 2018 | Managing Director |
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 PROSPECTS OF DIKSHA GREENS LIMITED.
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