| Basis of Allotment |
|
(This is only an advertisement for information purposes and not a prospectus announcement) | |
| JONJUA OVERSEAS LIMITED |
Our Company was originally incorporated as Jonjua Overseas Private Limited on February 16, 1993 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab, Himachal and Chandigarh. Subsequently, our Company was converted from Private Limited to Public Company and a fresh certificate of incorporation consequent upon Conversion from Private Limited Company to Public Limited Company was issued on January 02, 2018 by the Registrar of Companies, Chandigarh. For further details of our Company, please refer the chapter titled "General Information" and "Our History and Certain Corporate Matters" on page no. 40 and 112 of the Prospectus.
| CIN: U51909PB1993PLC013Q57; Registered Office: HM228, Phase 2, SAS Nagar, Mohali-160055, Punjab, India; Corporate Office: SCF 52, 1st Floor, Phase 2, Mohali-160055, Punjab, India. |
| Tel No.: +91 9872172032: Email: contactus@jonjua.com, Website: www.jonjuaoverseas.webs.com; Contact Person: Major Harjmder Singh Jonjua, Retd., Promoter and Managing Director |
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 13,00,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH (THE "EQUITY SHARES") OF JONJUA OVERSEAS LIMITED ("OUR COMPANY" OR "THE COMPANY" OR"THE ISSUER") FOR CASH AT A PRICE OF Rs.10/- PER EQUITY SHARE AT PAR (THE "ISSUE PRICE") AGGREGATING TO Rs. 130.00 LACS (THE "ISSUE"), OF WHICH 70,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE AT PAR AGGREGATING TO RS. 7.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 12,30,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH AT A PRICE OF RS.10/- PER EQUITY SHARE AGGREGATING TO RS. 123.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.45% AND 25.97% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPTIAL OF OUR 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.10/- EACH. THE ISSUE PRICE IS 1 TIME OF THE FACE VALUE.
ISSUE PROGRAMME: ISSUE OPENED ON FEBRUARY 12, 2019 AND CLOSED ON FEBRUARY 15, 2019, PROPOSED LISTING: FEBRUARY 25, 2019*
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 12th December, 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 25th February, 2019*.
* Subject to receipt of listing and trading approvals from the BSE SME Platform.
SUBSCRIPTION DETAILS
The Issue Received 14,40,000 shares for 83 applications and was subscribed to the extent of 1.107 times before technical rejection. After considering Technical Rejections cases, the Issue was subscribed 1.092 times. 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 | 70000 | - | - | 1 | 70000 |
| 2 | Non Retail Investors | 4 | 550000 | - | - | 4 | 550000 |
| 3 | Retad Individual Investors | 78 | 820000 | 2 | 20000 | 76 | 800000 |
| Total | 83 | 1440000 | 2 | 20000 | 81 | 1420000 | |
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE SME Platform on 20th February, 2019.
| 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. 10/- per Equity Share, was finalised in consultation with BSE SME Platform. The category was subscribed by 1 time. The total number of shares allotted in this category is 70000 Equity shares |
| Sr.No | No. of Shares applied for (Category wise) | Number 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) | Ration of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ alloted | % to total | Surplus /Deficit |
| 1 | 70000 | 1 | 100 | 70000 | 100 | 70000 | 70000 | 70000 | 1:1 | 1 | 100 | 70000 | 100 | 0.00 |
| GRAND TOTAL | 1 | 100 | 70000 | 100 | 70000 | 70000 | 70000 | 1 | 100 | 70000 | 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.10 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 1.0958 times i.e. for 800000 Equity Shares. Total number of shares allotted in this category is 730000 Equity Shares to 76 successful applicants. |
| Sr.No | No. of Shares applied for (Category wise) | Number 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) | Ration of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ alloted | % to total | Surplus /Deficit |
| 1 | 10000 | 72 | 94.74 | 720000 | 90 | 691602 | 9605.00 | 10000 | 23:24 | 69 | 94.52 | 690000 | 94.52 | -1602 |
| 2 | 20000 | 4 | 5.26 | 80000 | 10 | 38398 | 9599.50 | 10000 | 1:1 | 4 | 5.48 | 40000 | 5.48 | 1602 |
| GRAND TOTAL | 76 | 100 | 800000 | 100 | 730000 | 73 | 100 | 730000 | 100 | 0 | ||||
| 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. 10 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 1.1 times i.e. for 550000 shares. Total number of shares allotted in this category is 500000 Equity Shares to 4 successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr.No | No. of Shares applied for (Category wise) | Number 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) | Ration of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/ alloted | % to total | Surplus /Deficit |
| 1 | 80000 | 1 | 25.00 | 80000 | 14.55 | 72727 | 72727.27 | 70000 | 1:1 | 1 | 25.00 | 70000 | 14.00 | -2727 |
| 2 | 120000 | 1 | 25.00 | 120000 | 2182 | 109091 | 109091.91 | 110000 | 1:1 | 1 | 25.00 | 110000 | 22.00 | 909 |
| 3 | 150000 | 1 | 25.00 | 150000 | 27.27 | 136364 | 136363.64 | 140000 | 1:1 | 1 | 25.00 | 140000 | 28.00 | 3636 |
| 4 | 200000 | 1 | 25.00 | 200000 | 36.36 | 181818 | 181818.18 | 180000 | 1:1 | 1 | 25.00 | 180000 | 36.00 | -1818 |
| GRAND TOTAL | 4 | 100.00 | 550000 | 100.00 | 500000 | 1 | 100.00 | 500000 | 100.00 | 0.00 | ||||
The Board of Directors of the company at its meeting held on 20th February, 2019 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 20th February, 2019 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
In terms of the Prospectus dated February 01, 2019 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 retail 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 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 win be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before 22nd February, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to 21st February, 2019. 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 February 01, 2019 ("Prospectus")
INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Satellite Corporate Services Private Limited at www.satellitecorporate.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:
 |
| Satellite Corporate Services Private Limited |
| Unit: Jonjua Overseas Limited-IPO |
| Unit. No 49, Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd, |
| Off. Andheri Kurla Road, MTNL Lane, Sakinaka, Mumbai - 400 072, Maharashtra, India |
| Telephone: + 91-22- 28520461/462; Facsimile: +91- 22- 28511809: Email: service@satellitecorporate.com |
| Contact Person: Mr. Michael Monteiro; Website: www.satellitecorporate.com |
| SEBI Registration Number: INR000003639 |
| For JONJUA OVERSEAS LIMITED | |
| On behalf of the Board of Directors | |
| Place: Mohali | Sd/- |
| Date: February 22, 2019 | 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 JONJUA OVERSEAS LIMITED.
|
Close
|