|Basis of Allotment|
|This is only an advertisement for
Information purposes and not a prospectus announcement
SHREE GANESH JEWELLERY HOUSE LIMITED
Our Company was originally incorporated in Kolkata as ShreeGanash Jewellery House Private Limited on August 30,2002. The status of our Company was changed to a public limited company and our name was changed to "ShreeGanesh Jewellery House Limited" pursuant to a fresh certificate of incorporation issued by the ROC,West Bengal on August 14,2007. For details of incorporation and changes of name, please refer to the section titled "History and Certain Corporate Matters" beginning on page 102 of this Red Herring Prospectus.
Registered Office: 413, Vardaan Market, 25A, Camac
Street, Kolkata- 700 016; Tel No: + 91 33 2280 0345;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,42,69,831 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 260 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 250 PER EQUITY SHAHE), AGGREGATING TO RS. 37,101,56 LACS (HEREINAFTER REFERRED TO AS "THE IS5UE"). CONSISTING OF A FRESH ISSUE OF 1,21,36,497 EQUITY SHARES BY SHREE GANESH JEWELLERY HOUSE LIMITED ("OUR COMPANY" OR "THE ISSUER") AND AN OFFER FOR SALE OF 21,33,334 EQUITY SHARES BY CREDIT SUISSE PE ASIA INVESTMENTS (MAURITIUS) LIMITED ("THE SELLING SHAREHOLDER"). THE ISSUE WILL CONSTITUTE 23.52% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE FRESH ISSUE WILL CONSTITUTE 20.00% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF OUR COMPANY.
BID/ISSUE OPENED ON MARCH 19,2010, CLOSED ON MARCH 23,2010
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or about April 09,2010
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.260/-AND IT IS 26 TIMES THE FACE VALUE. THE ANCHOR INVESTOR ISSUE PRICE IS RS. 260/- PER EQUITY SHARE.
In accordance with Rule19(2)(b) of the Securities Contract (Regulation) Rules, 1957 ("SCRR"),this being an Issue for less than 25% of the post-Issue paid up capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue will be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), Out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. Our Company may allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor Price on a discretionary basis, out of which at least one-third will be available for allocation to Mutual Funds only. In the event of undersubscription in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. 5% of the Net QIB Portion shall be available for allocation to Mutual Funds on a proportionate basis. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid bids being received from them at or above the Issue Price. It at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
The Company has allocated 24,99,975 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.260 in accordance with the SEBI Regulation. The Issue received 24,388 applications for 2,14,86,275 equity shares resulting in 1.51 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non- Institutional, Retail Individual Investor and Anchor Investors are as under: (Before technical rejections)
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on April 1,2010
A. Allocation to Retail Individual Investors (After Technical Rejections)
C. Allocation to Non Institutional Investors (After Technical Rejections)
D. Allocation to QIBs
E. Allocation to Anchor Investors
The Board of Directors of the company at its Meeting held at Kolkata on April 03,2010 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices will be dispatched to the
address of the investors as registered with the depositories. In case the same is not
received within ten days, investors may contact at the address given below. The Refund
Orders have been over-printed with the Bank Mandate details as registered, if any, with
the depositories. The 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 Bombay Stock Exchange Limited and the National Stock Exchange of India Limited
within seven working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum- application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below
Link Intime India Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SHREE GANESH JEWELLERY HOUSE LIMITED