|Basis of Allotment|
is a public announcement for information purposes only and is not a prospectus
announcement. This does not an invitation or offer to acquire, purchase or subscribe
for securities. Not for release, publication or distribution, directly or indirectly
KHADIM INDIA LIMITED
Our Company was originally incorporated as S. N. Footwear industries Private Limited under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated December 3,1981 issued by the Registrar of Companies, West Bengal at Kolkata ("RoC"). The name of our Company was changed to Khadim Chain Stores Private Limited pursuant to a fresh certificate of incorporation dated April 17, 1998. The name of our Company was further changed to Khadim Chain Stores Limited, on conversion into a public limited company, pursuant to a fresh certificate of incorporation dated June 24, 2005. Subsequently, the name of the Company was further changed to Khadim India Limited. pursuant to a fresh certificate of incorporation dated August 26,2005 for further details of change in the name and Registered and Corporate Office of our Company, please see the section entitled 'History and Certain Corporate Matters' on pege 125 of the Prospectus.
Registered and Corporate Office; Kankaria Estate. 5th Floor, 6. Litte Russell Street, Kolkata 700 071; Contact Person: Abhijit Dan. Company Secretary and Compliance Officer; Tel: +91 33 4009 0501; Fax; +91 33 4009 0500; E-mail; email@example.com; Website; www.khadims.com; Corporate Identity Number: U191 29WB1981PLC034337
OUR PROMOTERS: SIDDHARTHA ROY BURMAN AND KNIGHTSVILLE PRIVATE LIMITED
Our Company has filed the Prospectus with the Registrar of Companies, Mumbai and the Equity Shares are proposed to be listed on BSE Limited ('BSE") and National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on November 14,2017
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 7.240759 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES') OF KHADIM INDIA LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 750 PER EQUITY SHARE ("OFFER PRICE") AGGREGATING TO RS 5,430.57 MILLION. COMPRISING A FRESH ISSUE OF 666,666 EQUITY SHARES AGGREGATING TO RS 500 MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF 6,574,093 EQUITY SHARES AGGREGAT1NG TO RS 4,930.57 MILLION, COMPRISING AN OFFER FOR SALE OF 722,000 EQUITY SHARES BY SIDDHARTHA ROY BURMAN (THE "PROMOTER SELLING SHAREHOLDER") AND 5852,093 EQUITY SHARES BY FAIRWINDS TRUSTEES SERVICES PRIVATE LIMITED, ACTING IN ITS CAPACFTY AS THE TRUSTEE TO RELIANCE ALTERNATIVE INVESTMENTS FUND - PRIVATE EQUITY SCHEME - I (THE "INVESTOR SELLING SHAREHOLDER") (THE INVESTOR SELLING SHAREHOLDER AND THE PROMOTER SELLING SHAREHOLDER ARE COLLECTIVELY, THE 'SELLING SHAREHOLDERS") (THE "OFFER FOR SALE", TOGETHER WITH THE FRESH ISSUE, THE "OFFER"), THE OFFER CONSTITUTE 40,30% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL.
Offer Price: Rs. 750 per Equity Share of Face Value of Rs. 10 each
Risks to Investors:
1. The two Book Running Lead Managers associated with the Offer have handled 31 public
issues in the past three financial years out of which 8 public issues closed below the
issue price on listing date,
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules. 1957. as amended ("SCRR"), this is an Offer for at least 25% of the post-Offer paid-up Equity Share capital of our Company. The Offer is being made through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations") wherein 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ( "QIBs") (the "QIB Portion"), provided that our Company and the Investor Selling Shareholder in consultation with the BRLMs may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subjed to valid Bids being received at or above the Offer Price. All potential Bidders, other than Anchor Investors, are mandatorily required to participate in the Offer through an Application Supported by Stocked Amount ("ASBA") process by providing details of their respective bank account which will be blocked by the Sell Certified Syndicate Banks ("SCSBs"), Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process For details, please See the section entitled 'Offer Procedure" on page 277 of the Prospectus.
The Issue received 225.249 Applications for 11,611,800 Equity Shares (before technical rejections) resulting in 1.6037 times subscription. The details of the Applications received in the Issue from various categories are as under; (Before technical rejections)
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being NSE on November 09,2017.
B. Allotment to Non Institutional Investors (After Technical Rejections)
C. Allotment to QIBs (After Technical Rejections)
D. Allotment to Anchor Investors
The Board of Directors of the Company at its meeting held on November 10,2017, has
approved the Basis of Allotment of the Equity Shares approved by the Designated Stock
Exchange, being NSE and Allotted the Equity Shares to various successful Bidders. The
Allotment Advice-cum-Refund Intimations are being dispatched to the address of the
investors as registered with the depositories. Further, instructions to the Self Certified
Syndicate Banks for unblocking of funds and transfer to the Public Offer Account, as
applicable have been issued on November 10, 2017 The Equity Shares Allotted to the
successful Applicants have been credited on November 10, 2017 to their beneficiary
accounts subject to validation of the account details with the depositories concerned. In
case the unblocking of funds or credit of shares is not received within ten days,
investors may contact the Registrar to the Offer at the address given below. The Company
is in the process of filing the listing application with BSE and NSE on or before November
13, 2017. Our Company is taking steps to get the Equity Shares admitted for trading on BSE
and NSE within six working days of the closure of the Offer,
LINK INT1ME INDIA PRIVATE LIMITED
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 KHADIM INDIA LIMITED.