|Basis of Allotment|
is a public announcement for information purposes only and is not a prospectus
announcement and does not constitute an invitation or offer to acquire, purchase or
subscribe to securities.
This is not for release, publication or distribution directly or indirectly outside Inda.
FUTURE SUPPLY CHAIN SOLUTIONS LIMITED
Our Company was incorporated as Future Logistic Solutions Limited on March 8 2006 at Mumbai Maharashtra as a public Limited company under the Companies Act, 1956 and received a certificate of commencement of business dated March 31 2006, Subsequently the name of our Company was changed to Future Supply Chain Solutions Limited and a fresh certificate of incorporation consequent to the change of name was issued by the Registrar of Companies. Maharashtra at Mumbai ("RoC") dated October 23,2009. For details in relation to the change in the name and the registered office of our Company, please see the section entitled "History and Certain Corporate Matters" on page 139 of the prospectus dated December 12,2017 (the "Prospectus").
Registered Office; Knowledge House. Shyam Nagar
Jogeshwari -Vikhroli Link Road. Jogeshwari (East) Mumbai 400 060: Tel:
+91 22 6644 2200; Fax: +91 22 6644 2201 Corporate Office:
7th Floor. 349 Business Point. Western Express Highway. Andheri (East). Mumbai 400 069. Contact
Person: Vimal K. Dhruve. Company Secretary and Compliance Officer E-mail:email@example.com; Website:
PROMOTER OF OUR COMPANY: FUTURE ENTERPRISES LIMITED
Our Company has filed the Prospectus with the RoC on December 12,2017 and the Equity Shares are proposed to be listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") and the trading will commence on December 18,2017.
BASIS OF ALLOTMENT
PUBUC OFFER OF 9,784,570 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF FUTURE SUPPLY CHAIN SOLUTIONS LIMITED ("OUR COMPANY") FOR CASH AT A PRICE OF RS 664 PER EQUITY SHARE AND THE ANCHOR INVESTOR OFFER PRICE OF RS 664 (INCLUDING A SHARE PREMIUM OF RS 654 PER EQUITY SHARE) AGGREGATING TO RS 6,496.95 MILLION (THE "OFFER") THROUGH AN OFFER FOR SALE Of 7,827,656 EQUITY SHARES BY GRIFFIN PARTNERS LIMITED (THE "INVESTOR SELLING SHAREHOLDER") AND 1.956,914 EQUITY SHARES BY THE PROMOTER OF OUR COMPANY, FUTURE ENTERPRISES LIMITED (THE "PROMOTER SELLING SHAREHOLDER". TOGETHER WITH THE INVESTOR SELLING SHAREHOLDER, THE "SELLING SHAREHOLDERS"). THE OFFER WOULD CONSTITUTE 24.43% OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
OFFER PRICE: RS 664 PER EQUITY SHARE OF FACE VALUE OF RS 10
Risks to Investors:
i. The six Lead Managers associated with the Offer have handled 39 public
offers in the past three years, of which 11 Issues closed below the offer price on listing
BID/ OFFER PERIOD: OPENED ON: WEDNESDAY, DECEMBER 6, 2017
In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules. 1957. as amended ("SCRR"). this was an Offer for such percentage of the Post -Offer paid-up Equity Share capital of our Company that was at least Rs 4,000 million calculated at the Offer Price The Offer was being made 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 ICDR Regulations") through the Book Building Process wherein not more than 50% of The Offer was allocated on a proportionate basis to Qualified Institutional Buyers ("QiBs") Our Company has. in consultation with the Selling Shareholders and the Lead Managers, allocated up to 60% of the QIB Portion to Anchor Investors on a discrebonary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was avaiable for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds. subject to valid Bids received at or above the Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer was avaiable for allocation to Retail Indrvidual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank account which will be blocked by the Self Certified Syndicate Banks ('SCSBs') to participate in the Offer. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, please see the section entitled "Offer Procedure"on page 358 of the Prospectus.
The Offer received 422,128 applications for 54,457,062 Equity Shares (prior to technical rejections) resulting in 5,5656 times subscription. The details of the applications received in the Offer from various categories are as under (before techncal (ejections).
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange.being BSE on December 13.2017.
A. Allotment to Retail Individual Bidders (After Technical Rejections)
B. Allotment to Non-Institutional Bidders (After Technical Rejections)
C. Allotment to QIBs (After Technical Rejections)
D. Allotment to Anchor Investors
The Committee of Drectors of the Company on December 14.2017 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has 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, the instruction to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on December 14.2017 and payment to non-Syndicate brokers have been issued by December 15. 2017. In case the same is not received within six working days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successfull Allottees have been uploaded on December 14.2017 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with NSE and BSE on December 14.2017. The Company has received listing and trading approval from BSE and NSE and the trading will commence on December 18.2017.
All capitalised terms used and not specifically defined herein shall have the same
meaning as ascribed to them in the Prospectus.
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/sole Bidder. Bidder, Bid cum Application Form number. Bidder DP ID,Client ID, PAN. date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for. the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF FUTURE SUPPLY CHAIN SOLUTIONS LIMITED. FUTURE SUPPLY CHAIN SOLUTIONS LIMITED